American Homes 4 Rent (NYSE:AMH) Stock Holdings Trimmed by Oliver Lagore Vanvalin Investment Group

Oliver Lagore Vanvalin Investment Group reduced its stake in American Homes 4 Rent (NYSE:AMH) by 14.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,123 shares of the real estate investment trust’s stock after selling 346 shares during the period. Oliver Lagore Vanvalin Investment Group’s holdings in American Homes 4 Rent were worth $76,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Commonwealth Equity Services LLC boosted its stake in American Homes 4 Rent by 4.0% in the second quarter. Commonwealth Equity Services LLC now owns 7,685 shares of the real estate investment trust’s stock valued at $272,000 after acquiring an additional 293 shares during the period. Penserra Capital Management LLC boosted its stake in American Homes 4 Rent by 2.0% in the third quarter. Penserra Capital Management LLC now owns 15,746 shares of the real estate investment trust’s stock valued at $529,000 after acquiring an additional 309 shares during the period. The Manufacturers Life Insurance Company boosted its stake in American Homes 4 Rent by 1.6% in the second quarter. The Manufacturers Life Insurance Company now owns 19,915 shares of the real estate investment trust’s stock valued at $706,000 after acquiring an additional 320 shares during the period. Benjamin Edwards Inc. boosted its stake in American Homes 4 Rent by 2.6% in the second quarter. Benjamin Edwards Inc. now owns 12,679 shares of the real estate investment trust’s stock valued at $449,000 after acquiring an additional 326 shares during the period. Finally, Cornercap Investment Counsel Inc. boosted its stake in American Homes 4 Rent by 3.2% in the fourth quarter. Cornercap Investment Counsel Inc. now owns 12,676 shares of the real estate investment trust’s stock valued at $456,000 after acquiring an additional 391 shares during the period. 91.87% of the stock is currently owned by institutional investors and hedge funds.

American Homes 4 Rent Price Performance

Shares of NYSE:AMH opened at $35.05 on Friday. American Homes 4 Rent has a 12 month low of $31.36 and a 12 month high of $37.97. The stock has a market cap of $12.83 billion, a price-to-earnings ratio of 35.05, a PEG ratio of 2.66 and a beta of 0.70. The stock’s 50 day moving average price is $35.83 and its 200 day moving average price is $35.36. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.46 and a quick ratio of 0.46.

American Homes 4 Rent Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were issued a $0.26 dividend. The ex-dividend date was Thursday, March 14th. This represents a $1.04 annualized dividend and a dividend yield of 2.97%. This is a boost from American Homes 4 Rent’s previous quarterly dividend of $0.22. American Homes 4 Rent’s dividend payout ratio is currently 104.00%.

Insider Buying and Selling at American Homes 4 Rent

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 stock was sold at an average price of $36.77, for a total value of $1,838,500.00. Following the transaction, the chief operating officer now owns 125,580 shares of the company’s stock, valued at $4,617,576.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other American Homes 4 Rent news, 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 value of $106,590.00. Following the transaction, the chief accounting officer now owns 35,343 shares of the company’s stock, valued at $1,255,736.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Bryan Smith sold 50,000 shares of the business’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 sale, the chief operating officer now directly owns 125,580 shares in the company, valued at $4,617,576.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 60,263 shares of company stock valued at $2,212,078. Corporate insiders own 6.32% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on AMH shares. Royal Bank of Canada reiterated an “outperform” rating and set a $39.00 price objective on shares of American Homes 4 Rent in a research report on Monday, February 26th. Raymond James boosted their price objective on American Homes 4 Rent from $40.00 to $41.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th. Citigroup upgraded American Homes 4 Rent from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $37.00 to $41.00 in a research report on Friday, March 22nd. Deutsche Bank Aktiengesellschaft started coverage on American Homes 4 Rent in a research report on Tuesday, January 30th. They set a “buy” rating and a $40.00 price objective for the company. Finally, StockNews.com downgraded American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, American Homes 4 Rent has a consensus rating of “Moderate Buy” and an average target price 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.