Raymond James Financial Services Advisors Inc. Sells 1,501 Shares of American Homes 4 Rent (NYSE:AMH)

Raymond James Financial Services Advisors Inc. reduced its position in American Homes 4 Rent (NYSE:AMH) by 2.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,020 shares of the real estate investment trust’s stock after selling 1,501 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in American Homes 4 Rent were worth $1,943,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. MetLife Investment Management LLC bought a new position in American Homes 4 Rent during the 1st quarter valued at $236,000. Great West Life Assurance Co. Can lifted its stake in American Homes 4 Rent by 5.6% during the 1st quarter. Great West Life Assurance Co. Can now owns 255,574 shares of the real estate investment trust’s stock valued at $10,631,000 after acquiring an additional 13,647 shares in the last quarter. Yousif Capital Management LLC lifted its stake in American Homes 4 Rent by 5.1% during the 1st quarter. Yousif Capital Management LLC now owns 15,912 shares of the real estate investment trust’s stock valued at $637,000 after acquiring an additional 767 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in American Homes 4 Rent by 3.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,597,311 shares of the real estate investment trust’s stock valued at $184,037,000 after acquiring an additional 134,931 shares in the last quarter. Finally, Sei Investments Co. lifted its stake in American Homes 4 Rent by 16.3% during the 1st quarter. Sei Investments Co. now owns 244,953 shares of the real estate investment trust’s stock valued at $9,809,000 after acquiring an additional 34,401 shares in the last quarter. 91.87% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on AMH shares. Raymond James raised their price objective on American Homes 4 Rent from $40.00 to $41.00 and gave the company an “outperform” rating in a research note on Thursday, March 28th. Mizuho lifted their target price on American Homes 4 Rent from $37.00 to $39.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. Royal Bank of Canada reiterated an “outperform” rating and set a $39.00 target price on shares of American Homes 4 Rent in a research note on Monday, February 26th. Citigroup upgraded American Homes 4 Rent from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $37.00 to $41.00 in a research note on Friday, March 22nd. Finally, BNP Paribas initiated coverage on American Homes 4 Rent in a research note on Monday, January 22nd. They set an “outperform” rating and a $42.00 target price on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $39.67.

American Homes 4 Rent Stock Down 1.4 %

AMH stock opened at $36.06 on Thursday. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $13.20 billion, a PE ratio of 36.06, a PEG ratio of 2.81 and a beta of 0.70. American Homes 4 Rent has a twelve month low of $31.36 and a twelve month high of $37.97. The stock has a 50-day simple moving average of $35.82 and a two-hundred day simple moving average of $35.32.

American Homes 4 Rent Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date was Thursday, March 14th. This is a positive change from American Homes 4 Rent’s previous quarterly dividend of $0.22. American Homes 4 Rent’s payout ratio is presently 104.00%.

Insider Buying and Selling at American Homes 4 Rent

In other American Homes 4 Rent news, COO Bryan Smith sold 50,000 shares of American Homes 4 Rent stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $36.77, for a total transaction of $1,838,500.00. Following the completion of the transaction, the chief operating officer now owns 125,580 shares of the company’s stock, valued at approximately $4,617,576.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other American Homes 4 Rent news, COO Bryan Smith sold 50,000 shares of American Homes 4 Rent stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $36.77, for a total transaction of $1,838,500.00. Following the completion of the transaction, the chief operating officer now owns 125,580 shares of the company’s stock, valued at approximately $4,617,576.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Matthew J. Hart sold 7,263 shares of American Homes 4 Rent stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $36.76, for a total value of $266,987.88. Following the sale, the director now owns 41,336 shares of the company’s stock, valued at approximately $1,519,511.36. The disclosure for this sale can be found here. Insiders sold 60,263 shares of company stock valued at $2,212,078 in the last quarter. 6.05% of the stock is currently owned by corporate insiders.

American Homes 4 Rent Profile

AMH (NYSE: AMH) is a leading large-scale integrated owner, operator and developer of single-family rental homes. We're an internally managed Maryland real estate investment trust (REIT) focused on acquiring, developing, renovating, leasing and managing homes as rental properties. Our goal is to simplify the experience of leasing a home and deliver peace of mind to households across the country.