Cookson Peirce & Co. Inc. Has $401,000 Stock Holdings in American Homes 4 Rent (NYSE:AMH)

Cookson Peirce & Co. Inc. lessened its stake in shares of American Homes 4 Rent (NYSE:AMH) by 26.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 11,148 shares of the real estate investment trust’s stock after selling 3,992 shares during the quarter. Cookson Peirce & Co. Inc.’s holdings in American Homes 4 Rent were worth $401,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of American Homes 4 Rent by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 44,399,483 shares of the real estate investment trust’s stock worth $1,495,819,000 after buying an additional 1,011,707 shares during the last quarter. BlackRock Inc. lifted its stake in shares of American Homes 4 Rent by 1.4% during the 1st quarter. BlackRock Inc. now owns 23,793,868 shares of the real estate investment trust’s stock worth $748,317,000 after buying an additional 325,059 shares during the last quarter. Norges Bank acquired a new stake in shares of American Homes 4 Rent during the 4th quarter worth about $619,235,000. Principal Financial Group Inc. raised its stake in American Homes 4 Rent by 0.3% in the 3rd quarter. Principal Financial Group Inc. now owns 16,934,168 shares of the real estate investment trust’s stock worth $570,509,000 after purchasing an additional 47,729 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in American Homes 4 Rent by 2.2% in the 1st quarter. JPMorgan Chase & Co. now owns 16,387,078 shares of the real estate investment trust’s stock worth $515,374,000 after purchasing an additional 345,290 shares in the last quarter. Institutional investors and hedge funds own 91.87% of the company’s stock.

American Homes 4 Rent Trading Down 1.1 %

Shares of American Homes 4 Rent stock opened at $34.68 on Wednesday. The firm has a market capitalization of $12.70 billion, a PE ratio of 34.68, a price-to-earnings-growth ratio of 2.69 and a beta of 0.70. 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 $35.84 and its 200 day moving average is $35.37. American Homes 4 Rent has a 1 year low of $31.36 and a 1 year high of $37.97.

American Homes 4 Rent Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Thursday, March 14th. This is a positive change from American Homes 4 Rent’s previous quarterly dividend of $0.22. This represents a $1.04 annualized dividend and a dividend yield of 3.00%. American Homes 4 Rent’s payout ratio is 104.00%.

Insider Activity at American Homes 4 Rent

In related news, CAO Brian Reitz sold 3,000 shares of American Homes 4 Rent stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $35.53, for a total transaction of $106,590.00. Following the sale, the chief accounting officer now directly owns 35,343 shares of the company’s stock, valued at approximately $1,255,736.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other American Homes 4 Rent news, COO Bryan Smith sold 50,000 shares of the company’s 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 transaction, the chief operating officer now owns 125,580 shares in the company, valued at $4,617,576.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Brian Reitz sold 3,000 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $35.53, for a total transaction of $106,590.00. Following the transaction, the chief accounting officer now owns 35,343 shares in the company, valued at approximately $1,255,736.79. The disclosure for this sale can be found here. In the last three months, insiders have sold 60,263 shares of company stock valued at $2,212,078. 6.05% of the stock is owned by insiders.

Wall Street Analyst Weigh In

AMH has been the subject of several analyst reports. Mizuho lifted their price objective on shares of American Homes 4 Rent from $37.00 to $39.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. StockNews.com cut shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. Royal Bank of Canada reiterated an “outperform” rating and issued a $39.00 price objective on shares of American Homes 4 Rent in a research note on Monday, February 26th. Citigroup raised shares of American Homes 4 Rent from a “neutral” rating to a “buy” rating and raised their target price for the company from $37.00 to $41.00 in a report on Friday, March 22nd. Finally, BNP Paribas began coverage on shares of American Homes 4 Rent in a report on Monday, January 22nd. They issued an “outperform” rating and a $42.00 target price on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $39.67.

American Homes 4 Rent Profile

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.