Toronto Dominion Bank Increases Position in American Homes 4 Rent (NYSE:AMH)

Toronto Dominion Bank increased its stake in American Homes 4 Rent (NYSE:AMH) by 6.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,224 shares of the real estate investment trust’s stock after purchasing an additional 2,814 shares during the quarter. Toronto Dominion Bank’s holdings in American Homes 4 Rent were worth $1,655,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in American Homes 4 Rent by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 44,948,804 shares of the real estate investment trust’s stock valued at $1,681,984,000 after acquiring an additional 240,583 shares during the last quarter. Norges Bank acquired a new stake in American Homes 4 Rent in the 4th quarter valued at about $822,019,000. Principal Financial Group Inc. grew its stake in American Homes 4 Rent by 6.8% in the 4th 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 during the last quarter. JPMorgan Chase & Co. grew its stake in American Homes 4 Rent by 5.3% in the 4th quarter. JPMorgan Chase & Co. now owns 13,805,224 shares of the real estate investment trust’s stock valued at $516,591,000 after acquiring an additional 689,741 shares during the last quarter. Finally, FMR LLC grew its stake in American Homes 4 Rent by 9.2% in the 4th quarter. FMR LLC now owns 8,983,364 shares of the real estate investment trust’s stock valued at $336,157,000 after acquiring an additional 757,772 shares during the last quarter. Hedge funds and other institutional investors own 91.87% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on AMH. Mizuho lowered their price objective on shares of American Homes 4 Rent from $41.00 to $37.00 and set an “outperform” rating on the stock in a research note on Thursday, March 13th. Barclays increased their price objective on shares of American Homes 4 Rent from $37.00 to $38.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 12th. Scotiabank increased their price objective on shares of American Homes 4 Rent from $38.00 to $41.00 and gave the company a “sector perform” rating in a research note on Monday, May 12th. Evercore ISI increased their price objective on shares of American Homes 4 Rent from $40.00 to $41.00 and gave the company an “outperform” rating in a research note on Friday, May 2nd. Finally, Royal Bank of Canada raised their price target on shares of American Homes 4 Rent from $39.00 to $41.00 and gave the stock an “outperform” rating in a research note on Monday, May 5th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, American Homes 4 Rent presently has an average rating of “Moderate Buy” and an average price target of $40.89.

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 business’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $39.01, for a total value of $1,657,925.00. Following the sale, the chief accounting officer now directly owns 99,214 shares in the company, valued at approximately $3,870,338.14. The trade was a 29.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jack E. Corrigan purchased 4,000 shares of the company’s stock in a transaction on Monday, May 5th. The stock was acquired at an average price of $23.42 per share, for a total transaction of $93,680.00. Following the completion of the transaction, the director now owns 12,000 shares of the company’s stock, valued at $281,040. This represents a 50.00% increase in their position. The disclosure for this purchase can be found here. Company insiders own 6.32% of the company’s stock.

American Homes 4 Rent Trading Up 0.1%

AMH opened at $37.66 on Friday. The firm has a market capitalization of $13.94 billion, a P/E ratio of 34.87, a P/E/G ratio of 3.56 and a beta of 0.78. The firm’s 50 day moving average is $37.01 and its 200-day moving average is $36.55. American Homes 4 Rent has a 52-week low of $31.68 and a 52-week high of $41.41. The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 0.64.

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

American Homes 4 Rent Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date of this dividend is Friday, June 13th. American Homes 4 Rent’s dividend payout ratio is currently 111.11%.

American Homes 4 Rent Company 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.