American Homes 4 Rent (NYSE:AMH) Shares Bought by Lighthouse Investment Partners LLC

Lighthouse Investment Partners LLC raised its holdings in American Homes 4 Rent (NYSE:AMH) by 34.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 288,793 shares of the real estate investment trust’s stock after purchasing an additional 73,793 shares during the quarter. Lighthouse Investment Partners LLC’s holdings in American Homes 4 Rent were worth $10,807,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of AMH. Mountain Hill Investment Partners Corp. acquired a new position in shares of American Homes 4 Rent during the fourth quarter worth about $26,000. National Pension Service acquired a new position in shares of American Homes 4 Rent during the fourth quarter worth about $30,000. Jones Financial Companies Lllp increased its stake in shares of American Homes 4 Rent by 56.6% during the fourth quarter. Jones Financial Companies Lllp now owns 1,084 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 392 shares during the period. UMB Bank n.a. increased its stake in shares of American Homes 4 Rent by 77.2% during the fourth quarter. UMB Bank n.a. now owns 1,393 shares of the real estate investment trust’s stock worth $52,000 after acquiring an additional 607 shares during the period. Finally, Assetmark Inc. increased its stake in shares of American Homes 4 Rent by 37.1% during the fourth quarter. Assetmark Inc. now owns 1,385 shares of the real estate investment trust’s stock worth $52,000 after acquiring an additional 375 shares during the period. 91.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at American Homes 4 Rent

In other American Homes 4 Rent news, CAO Sara H. Vogt-Lowell sold 42,500 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of $39.01, for a total transaction of $1,657,925.00. Following the transaction, the chief accounting officer now owns 99,214 shares of the company’s stock, valued at $3,870,338.14. This represents a 29.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Jack E. Corrigan purchased 4,000 shares of American Homes 4 Rent stock in a transaction on Monday, May 5th. The shares were acquired at an average cost of $23.42 per share, for a total transaction of $93,680.00. Following the purchase, the director now owns 12,000 shares in the company, valued at approximately $281,040. This trade represents a 50.00% increase in their ownership of the stock. The disclosure for this purchase can be found here. 6.32% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AMH. Keefe, Bruyette & Woods boosted their price target on shares of American Homes 4 Rent from $38.00 to $40.00 and gave the stock a “market perform” rating in a research note on Tuesday, May 6th. 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. StockNews.com raised shares of American Homes 4 Rent from a “sell” rating to a “hold” rating in a report on Tuesday, May 6th. Morgan Stanley raised shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $39.00 to $40.00 in a report on Friday, January 24th. 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. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $40.64.

American Homes 4 Rent Price Performance

AMH stock opened at $38.70 on Monday. American Homes 4 Rent has a 1 year low of $31.68 and a 1 year high of $41.41. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.58 and a current ratio of 0.76. The stock’s 50 day moving average price is $36.55 and its 200 day moving average price is $36.44. The firm has a market cap of $14.33 billion, a P/E ratio of 35.83, a PEG ratio of 3.56 and a beta of 0.78.

American Homes 4 Rent (NYSE:AMH) last posted its earnings results on Thursday, May 1st. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.01. American Homes 4 Rent had a return on equity of 5.33% and a net margin of 23.86%. The firm had revenue of $459.28 million for the quarter, compared to analyst estimates of $449.00 million. During the same quarter in the prior year, the company earned $0.43 EPS. American Homes 4 Rent’s revenue was up 8.4% on a year-over-year basis. On average, sell-side analysts expect that American Homes 4 Rent will post 1.85 earnings per share for the current fiscal year.

American Homes 4 Rent Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date of this dividend is Friday, June 13th. American Homes 4 Rent’s payout ratio is currently 111.11%.

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.