Van ECK Associates Corp Buys 16,405 Shares of American Homes 4 Rent (NYSE:AMH)

Van ECK Associates Corp raised its stake in American Homes 4 Rent (NYSE:AMH) by 14.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 127,271 shares of the real estate investment trust’s stock after purchasing an additional 16,405 shares during the period. Van ECK Associates Corp’s holdings in American Homes 4 Rent were worth $4,577,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of AMH. Naviter Wealth LLC increased its position in shares of American Homes 4 Rent by 21.1% during the fourth quarter. Naviter Wealth LLC now owns 19,634 shares of the real estate investment trust’s stock valued at $706,000 after purchasing an additional 3,419 shares during the period. Russell Investments Group Ltd. raised its stake in shares of American Homes 4 Rent by 12.5% in the 4th quarter. Russell Investments Group Ltd. now owns 2,798,291 shares of the real estate investment trust’s stock valued at $100,690,000 after buying an additional 310,116 shares in the last quarter. Truist Financial Corp lifted its holdings in shares of American Homes 4 Rent by 37.3% during the 4th quarter. Truist Financial Corp now owns 21,884 shares of the real estate investment trust’s stock worth $787,000 after acquiring an additional 5,940 shares during the period. Aew Capital Management L P boosted its position in shares of American Homes 4 Rent by 12.4% during the 4th quarter. Aew Capital Management L P now owns 2,037,076 shares of the real estate investment trust’s stock valued at $73,253,000 after acquiring an additional 224,337 shares in the last quarter. Finally, Stevens Capital Management LP bought a new stake in American Homes 4 Rent in the fourth quarter valued at about $556,000. 91.87% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. BNP Paribas started coverage on American Homes 4 Rent in a report on Monday, January 22nd. They set an “outperform” rating and a $42.00 price objective on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $39.00 price target on shares of American Homes 4 Rent in a research report on Monday, February 26th. Mizuho lifted their price objective on American Homes 4 Rent from $37.00 to $39.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. Citigroup upgraded shares of American Homes 4 Rent from a “neutral” rating to a “buy” rating and increased their target price for the stock from $37.00 to $41.00 in a research report on Friday, March 22nd. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of American Homes 4 Rent in a research report on Tuesday, January 30th. They issued a “buy” rating and a $40.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $39.67.

American Homes 4 Rent Price Performance

Shares of AMH stock opened at $35.76 on Monday. American Homes 4 Rent has a 1 year low of $31.36 and a 1 year high of $37.97. 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 $36.10 and its 200-day moving average is $35.50. The firm has a market capitalization of $13.09 billion, a price-to-earnings ratio of 36.49, a PEG ratio of 2.75 and a beta of 0.70.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings data on Friday, May 3rd. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.13). The firm had revenue of $423.56 million for the quarter, compared to analyst estimates of $421.28 million. American Homes 4 Rent had a return on equity of 5.02% and a net margin of 22.55%. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.41 EPS. Sell-side analysts forecast that American Homes 4 Rent will post 1.73 EPS for the current fiscal year.

American Homes 4 Rent Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a $0.26 dividend. This is a boost from American Homes 4 Rent’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.04 annualized dividend and a yield of 2.91%. American Homes 4 Rent’s dividend payout ratio (DPR) is currently 106.12%.

Insider Buying and Selling

In other American Homes 4 Rent news, CAO Brian Reitz sold 3,000 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $35.53, for a total transaction of $106,590.00. Following the transaction, the chief accounting officer now directly 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 the SEC website. In other American Homes 4 Rent news, COO Bryan Smith sold 50,000 shares of American Homes 4 Rent stock in a transaction on Friday, March 8th. The shares were sold at an average price of $36.77, for a total transaction of $1,838,500.00. Following the completion of the sale, 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Brian Reitz sold 3,000 shares of the 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 in the company, valued at approximately $1,255,736.79. The disclosure for this sale can be found here. Insiders sold a total of 60,263 shares of company stock worth $2,212,078 over the last three months. 6.32% of the stock is currently owned by company insiders.

About American Homes 4 Rent

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.