American Homes 4 Rent (NYSE:AMH) Shares Bought by Metis Global Partners LLC

Metis Global Partners LLC raised its holdings in American Homes 4 Rent (NYSE:AMH) by 10.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 40,540 shares of the real estate investment trust’s stock after purchasing an additional 3,976 shares during the quarter. Metis Global Partners LLC’s holdings in American Homes 4 Rent were worth $1,517,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Janus Henderson Group PLC boosted its holdings in shares of American Homes 4 Rent by 2,150.3% in the third quarter. Janus Henderson Group PLC now owns 1,935,007 shares of the real estate investment trust’s stock valued at $74,276,000 after acquiring an additional 1,849,020 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of American Homes 4 Rent by 6.8% in the fourth quarter. Principal Financial Group Inc. now owns 15,987,142 shares of the real estate investment trust’s stock valued at $598,232,000 after acquiring an additional 1,015,351 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in shares of American Homes 4 Rent by 783.3% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,107,227 shares of the real estate investment trust’s stock valued at $42,507,000 after acquiring an additional 981,872 shares in the last quarter. FMR LLC boosted its holdings in shares of American Homes 4 Rent by 12.9% in the third quarter. FMR LLC now owns 8,225,592 shares of the real estate investment trust’s stock valued at $315,780,000 after acquiring an additional 937,116 shares in the last quarter. Finally, KBC Group NV boosted its holdings in shares of American Homes 4 Rent by 553.0% in the third quarter. KBC Group NV now owns 378,819 shares of the real estate investment trust’s stock valued at $14,543,000 after acquiring an additional 320,805 shares in the last quarter. 91.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, COO Bryan Smith sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $37.80, for a total value of $1,512,000.00. Following the completion of the transaction, the chief operating officer now owns 125,580 shares of the company’s stock, valued at $4,746,924. The trade was a 24.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Douglas N. Benham acquired 3,286 shares of the business’s stock in a transaction dated Thursday, December 5th. The stock was purchased at an average cost of $24.49 per share, with a total value of $80,474.14. Following the transaction, the director now owns 41,946 shares of the company’s stock, valued at approximately $1,027,257.54. The trade was a 8.50 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 6.32% of the company’s stock.

American Homes 4 Rent Stock Performance

Shares of AMH opened at $37.23 on Tuesday. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 0.64. The stock has a market cap of $13.78 billion, a P/E ratio of 34.47, a PEG ratio of 3.56 and a beta of 0.78. The company has a 50-day moving average of $35.64 and a two-hundred day moving average of $37.27. American Homes 4 Rent has a 12-month low of $34.01 and a 12-month high of $41.41.

American Homes 4 Rent (NYSE:AMH) last announced its earnings results on Thursday, February 20th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.30. The company had revenue of $436.59 million during the quarter, compared to analysts’ expectations of $442.02 million. American Homes 4 Rent had a net margin of 23.86% and a return on equity of 5.33%. As a group, research analysts predict that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

American Homes 4 Rent Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from American Homes 4 Rent’s previous quarterly dividend of $0.26. American Homes 4 Rent’s payout ratio is currently 111.11%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on AMH shares. Morgan Stanley raised shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $39.00 to $40.00 in a report on Friday, January 24th. Keefe, Bruyette & Woods lowered their target price on shares of American Homes 4 Rent from $39.00 to $38.00 and set a “market perform” rating on the stock in a report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft downgraded shares of American Homes 4 Rent from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $40.00 to $37.00 in a report on Tuesday, January 21st. JMP Securities reissued a “market outperform” rating and set a $41.00 price objective on shares of American Homes 4 Rent in a report on Tuesday, January 14th. Finally, Scotiabank downgraded shares of American Homes 4 Rent from a “sector outperform” rating to a “sector perform” rating and set a $38.00 price objective on the stock. in a report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, American Homes 4 Rent currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.47.

American Homes 4 Rent Profile

American Homes 4 Rent operates as a real estate investment trust. It engages in the acquisition, renovation, leasing, and operating of single-family homes as rental properties. The company was founded by Bradley Wayne Hughes, Sr. on October 19, 2012 and is headquartered in Las Vegas, NV.