State Board of Administration of Florida Retirement System Purchases 1,200 Shares of American Homes 4 Rent (NYSE:AMH)

State Board of Administration of Florida Retirement System increased its position in shares of American Homes 4 Rent (NYSE:AMH) by 0.4% in the 1st quarter, HoldingsChannel reports. The fund owned 290,334 shares of the real estate investment trust’s stock after acquiring an additional 1,200 shares during the period. State Board of Administration of Florida Retirement System’s holdings in American Homes 4 Rent were worth $9,131,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Sunbelt Securities Inc. bought a new position in shares of American Homes 4 Rent during the 1st quarter worth approximately $33,000. BI Asset Management Fondsmaeglerselskab A S raised its stake in shares of American Homes 4 Rent by 101.3% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 1,127 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 567 shares in the last quarter. Compagnie Lombard Odier SCmA bought a new position in shares of American Homes 4 Rent during the 4th quarter worth approximately $37,000. Belpointe Asset Management LLC bought a new position in shares of American Homes 4 Rent during the 4th quarter worth approximately $37,000. Finally, Bellwether Advisors LLC bought a new position in shares of American Homes 4 Rent during the 4th quarter worth approximately $43,000. Institutional investors own 83.97% of the company’s stock.

American Homes 4 Rent Stock Performance

Shares of NYSE AMH opened at $36.53 on Monday. The company’s fifty day moving average price is $36.14 and its 200 day moving average price is $34.19. American Homes 4 Rent has a 1 year low of $28.78 and a 1 year high of $37.97. The company has a market capitalization of $13.22 billion, a PE ratio of 37.28, a price-to-earnings-growth ratio of 2.88 and a beta of 0.68. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.69 and a current ratio of 0.69.

American Homes 4 Rent Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date of this dividend is Thursday, September 14th. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 89.80%.

Analyst Ratings Changes

Several research analysts recently commented on AMH shares. Citigroup boosted their price objective on shares of American Homes 4 Rent from $33.00 to $37.00 and gave the stock a “neutral” rating in a research note on Friday, July 14th. Royal Bank of Canada upped their price target on shares of American Homes 4 Rent from $38.00 to $39.00 and gave the company an “outperform” rating in a research note on Monday, July 31st. Barclays upped their price target on shares of American Homes 4 Rent from $41.00 to $43.00 and gave the company an “overweight” rating in a research note on Wednesday, August 9th. B. Riley upped their price target on shares of American Homes 4 Rent from $36.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, August 2nd. Finally, StockNews.com began coverage on shares of American Homes 4 Rent in a research note on Thursday, August 17th. They set a “hold” rating on the stock. Nine equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $37.19.

Insider Buying and Selling

In related news, CAO Brian Reitz sold 1,800 shares of the stock in a transaction on Monday, July 31st. The shares were sold at an average price of $37.47, for a total transaction of $67,446.00. Following the sale, the chief accounting officer now directly owns 36,210 shares of the company’s stock, valued at $1,356,788.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other American Homes 4 Rent news, CAO Brian Reitz sold 1,800 shares of the stock in a transaction on Monday, July 31st. The shares were sold at an average price of $37.47, for a total transaction of $67,446.00. Following the transaction, the chief accounting officer now directly owns 36,210 shares of the company’s stock, valued at $1,356,788.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Bryan Smith sold 8,107 shares of the stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $36.38, for a total transaction of $294,932.66. Following the transaction, the chief operating officer now directly owns 94,478 shares in the company, valued at $3,437,109.64. The disclosure for this sale can be found here. Over the last three months, insiders have sold 51,800 shares of company stock valued at $1,877,023. Corporate insiders own 6.32% of the company’s stock.

American Homes 4 Rent Profile

American Homes 4 Rent (NYSE: AMH), which does business as AMH, is a leading 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.