Livforsakringsbolaget Skandia Omsesidigt Grows Stock Position in American Homes 4 Rent (NYSE:AMH)

Livforsakringsbolaget Skandia Omsesidigt grew its position in American Homes 4 Rent (NYSE:AMH) by 209.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,403 shares of the real estate investment trust’s stock after acquiring an additional 2,303 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in American Homes 4 Rent were worth $122,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. VisionPoint Advisory Group LLC purchased a new position in American Homes 4 Rent during the third quarter worth approximately $26,000. Blue Trust Inc. lifted its position in American Homes 4 Rent by 1,091.3% during the fourth quarter. Blue Trust Inc. now owns 953 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 873 shares in the last quarter. Tobam lifted its position in American Homes 4 Rent by 2,192.9% during the fourth quarter. Tobam now owns 963 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 921 shares in the last quarter. Sunbelt Securities Inc. purchased a new position in American Homes 4 Rent during the first quarter worth approximately $33,000. Finally, Quarry LP purchased a new position in American Homes 4 Rent during the second quarter worth approximately $41,000. Hedge funds and other institutional investors own 91.87% of the company’s stock.

Analyst Ratings Changes

AMH has been the topic of a number of analyst reports. StockNews.com downgraded American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th. Royal Bank of Canada reissued an “outperform” rating and set a $39.00 target price on shares of American Homes 4 Rent in a research note on Monday, February 26th. Jefferies Financial Group raised American Homes 4 Rent from a “hold” rating to a “buy” rating and raised their target price for the stock from $34.00 to $41.00 in a research note on Tuesday, January 2nd. Mizuho raised their target price on 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. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on American Homes 4 Rent in a research note on Tuesday, January 30th. They issued a “buy” rating and a $40.00 price objective for the company. One investment 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $39.67.

American Homes 4 Rent Trading Up 1.1 %

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

American Homes 4 Rent Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a $0.26 dividend. 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 dividend on an annualized basis and a yield of 2.97%. American Homes 4 Rent’s dividend payout ratio (DPR) is 104.00%.

Insider Activity at American Homes 4 Rent

In related news, COO Bryan Smith sold 50,000 shares of American Homes 4 Rent 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 completion of the transaction, the chief operating officer now directly owns 125,580 shares in the company, valued at $4,617,576.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other American Homes 4 Rent news, COO Bryan Smith sold 50,000 shares of American Homes 4 Rent stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $36.77, for a total transaction of $1,838,500.00. Following the completion of the sale, the chief operating officer now directly owns 125,580 shares of the company’s stock, valued at approximately $4,617,576.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Matthew J. Hart sold 7,263 shares of American Homes 4 Rent stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $36.76, for a total value of $266,987.88. Following the sale, the director now directly owns 41,336 shares of the company’s stock, valued at $1,519,511.36. The disclosure for this sale can be found here. Over the last three months, insiders sold 60,263 shares of company stock worth $2,212,078. Company insiders own 6.32% of the company’s stock.

About American Homes 4 Rent

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.