Tobam Has $35,000 Stock Holdings in American Homes 4 Rent (NYSE:AMH)

Tobam boosted its position in shares of American Homes 4 Rent (NYSE:AMH) by 2,192.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 963 shares of the real estate investment trust’s stock after purchasing an additional 921 shares during the quarter. Tobam’s holdings in American Homes 4 Rent were worth $35,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of AMH. Cookson Peirce & Co. Inc. acquired a new position in shares of American Homes 4 Rent in the 3rd quarter valued at $510,000. Bank of Nova Scotia increased its position in shares of American Homes 4 Rent by 18.1% in the 3rd quarter. Bank of Nova Scotia now owns 7,711 shares of the real estate investment trust’s stock valued at $260,000 after buying an additional 1,183 shares in the last quarter. Manning & Napier Group LLC increased its position in shares of American Homes 4 Rent by 59.2% in the 4th quarter. Manning & Napier Group LLC now owns 172,372 shares of the real estate investment trust’s stock valued at $6,198,000 after buying an additional 64,131 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of American Homes 4 Rent by 2.8% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 135,180 shares of the real estate investment trust’s stock valued at $4,554,000 after buying an additional 3,736 shares in the last quarter. Finally, FMR LLC increased its position in shares of American Homes 4 Rent by 3.7% in the 3rd quarter. FMR LLC now owns 8,111,434 shares of the real estate investment trust’s stock valued at $273,274,000 after buying an additional 287,245 shares in the last quarter. Institutional investors and hedge funds own 91.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AMH. Citigroup upgraded shares of American Homes 4 Rent from a “neutral” rating to a “buy” rating and upped their price objective for the company from $37.00 to $41.00 in a research report on Friday, March 22nd. Royal Bank of Canada restated an “outperform” rating and issued a $39.00 price objective on shares of American Homes 4 Rent in a research report on Monday, February 26th. BNP Paribas initiated coverage on shares of American Homes 4 Rent in a research report on Monday, January 22nd. They issued an “outperform” rating and a $42.00 price objective for the company. Raymond James increased their target price on American Homes 4 Rent from $40.00 to $41.00 and gave the stock an “outperform” rating in a report on Thursday, March 28th. Finally, Deutsche Bank Aktiengesellschaft began coverage on American Homes 4 Rent in a report on Tuesday, January 30th. They set a “buy” rating and a $40.00 target price for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $39.67.

Insider Buying and Selling at American Homes 4 Rent

In other American Homes 4 Rent news, CAO Brian Reitz sold 3,000 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $35.53, for a total value of $106,590.00. Following the completion of the transaction, the chief accounting officer now directly owns 35,343 shares of the company’s stock, valued at approximately $1,255,736.79. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CAO Brian Reitz sold 3,000 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $35.53, for a total transaction of $106,590.00. Following the sale, the chief accounting officer now owns 35,343 shares in the company, valued at approximately $1,255,736.79. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Matthew J. Hart sold 7,263 shares of the firm’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $36.76, for a total transaction of $266,987.88. Following the sale, the director now owns 41,336 shares in the company, valued at approximately $1,519,511.36. The disclosure for this sale can be found here. Insiders sold a total of 60,263 shares of company stock valued at $2,212,078 in the last three months. Company insiders own 6.32% of the company’s stock.

American Homes 4 Rent Stock Performance

Shares of AMH stock opened at $35.56 on Friday. The stock has a market capitalization of $13.02 billion, a P/E ratio of 35.56, a PEG ratio of 2.77 and a beta of 0.70. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.58. The firm’s 50 day moving average is $35.83 and its 200 day moving average is $35.34. American Homes 4 Rent has a 12 month low of $31.36 and a 12 month high of $37.97.

American Homes 4 Rent Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.92%. This is an increase from American Homes 4 Rent’s previous quarterly dividend of $0.22. The ex-dividend date was Thursday, March 14th. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 104.00%.

American Homes 4 Rent Company 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.