Ensign Peak Advisors Inc Increases Holdings in American Homes 4 Rent (NYSE:AMH)

Ensign Peak Advisors Inc raised its stake in shares of American Homes 4 Rent (NYSE:AMH) by 31.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 148,556 shares of the real estate investment trust’s stock after buying an additional 35,609 shares during the quarter. Ensign Peak Advisors Inc’s holdings in American Homes 4 Rent were worth $5,559,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Atria Investments Inc increased its holdings in shares of American Homes 4 Rent by 0.4% in the 4th quarter. Atria Investments Inc now owns 84,843 shares of the real estate investment trust’s stock worth $3,175,000 after purchasing an additional 316 shares in the last quarter. Assetmark Inc. increased its holdings in shares of American Homes 4 Rent by 37.1% in the 4th quarter. Assetmark Inc. now owns 1,385 shares of the real estate investment trust’s stock worth $52,000 after purchasing an additional 375 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in shares of American Homes 4 Rent by 11.9% in the 4th quarter. Quadrant Capital Group LLC now owns 3,532 shares of the real estate investment trust’s stock worth $132,000 after purchasing an additional 376 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of American Homes 4 Rent by 56.6% in the 4th quarter. Jones Financial Companies Lllp now owns 1,084 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 392 shares in the last quarter. Finally, State of Michigan Retirement System increased its holdings in shares of American Homes 4 Rent by 0.5% in the 4th quarter. State of Michigan Retirement System now owns 75,100 shares of the real estate investment trust’s stock worth $2,810,000 after purchasing an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 91.87% of the company’s stock.

American Homes 4 Rent Price Performance

NYSE AMH opened at $37.67 on Wednesday. The company has a market capitalization of $13.94 billion, a PE ratio of 34.88, a price-to-earnings-growth ratio of 3.56 and a beta of 0.78. 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 business’s fifty day moving average is $36.61 and its 200 day moving average is $36.45. American Homes 4 Rent has a fifty-two week low of $31.68 and a fifty-two week high of $41.41.

American Homes 4 Rent (NYSE:AMH) last released its earnings results on Thursday, May 1st. The real estate investment trust reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.01. The company had revenue of $459.28 million for the quarter, compared to the consensus estimate of $449.00 million. American Homes 4 Rent had a return on equity of 5.33% and a net margin of 23.86%. American Homes 4 Rent’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.43 earnings per share. Sell-side analysts predict that American Homes 4 Rent will post 1.85 earnings per share for the current year.

American Homes 4 Rent Dividend Announcement

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 given a dividend of $0.30 per share. The ex-dividend date is Friday, June 13th. This represents a $1.20 annualized dividend and a yield of 3.19%. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 111.11%.

Wall Street Analyst Weigh In

A number of research firms have commented on AMH. Evercore ISI lifted 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 Friday, May 2nd. Keefe, Bruyette & Woods lifted their target price on American Homes 4 Rent from $38.00 to $40.00 and gave the stock a “market perform” rating in a report on Tuesday, May 6th. StockNews.com raised American Homes 4 Rent from a “sell” rating to a “hold” rating in a report on Tuesday, May 6th. Morgan Stanley upgraded American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $39.00 to $40.00 in a research note on Friday, January 24th. Finally, Raymond James raised their price target on American Homes 4 Rent from $39.00 to $43.00 and gave the stock an “outperform” rating in a research note on Friday, May 9th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $40.86.

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 firm’s stock in a transaction dated 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 sale, the chief accounting officer now directly owns 99,214 shares of the company’s stock, valued at $3,870,338.14. This trade represents a 29.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jack E. Corrigan purchased 4,000 shares of the firm’s 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 completion of the acquisition, the director now owns 12,000 shares of the company’s stock, 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 company insiders.

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.