Corbyn Investment Management Inc. MD Cuts Stock Position in American Homes 4 Rent (NYSE:AMH)

Corbyn Investment Management Inc. MD cut its holdings in American Homes 4 Rent (NYSE:AMH) by 0.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 106,586 shares of the real estate investment trust’s stock after selling 961 shares during the quarter. American Homes 4 Rent accounts for approximately 1.8% of Corbyn Investment Management Inc. MD’s investment portfolio, making the stock its 20th largest position. Corbyn Investment Management Inc. MD’s holdings in American Homes 4 Rent were worth $3,833,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. VisionPoint Advisory Group LLC purchased a new position in American Homes 4 Rent during the third quarter worth $26,000. Blue Trust Inc. raised its holdings in American Homes 4 Rent by 1,091.3% in the fourth quarter. Blue Trust Inc. now owns 953 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 873 shares in the last quarter. Tobam increased its holdings in shares of 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 valued at $35,000 after acquiring an additional 921 shares in the last quarter. Castleview Partners LLC lifted its stake in American Homes 4 Rent by 2,540.0% during the third quarter. Castleview Partners LLC now owns 1,188 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 1,143 shares during the last quarter. Finally, GAMMA Investing LLC purchased a new stake in American Homes 4 Rent during the fourth quarter worth approximately $44,000. 91.87% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on AMH shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $39.00 price objective on shares of American Homes 4 Rent in a report on Monday, February 26th. Jefferies Financial Group upgraded American Homes 4 Rent from a “hold” rating to a “buy” rating and increased their target price for the stock from $34.00 to $41.00 in a research report on Tuesday, January 2nd. Mizuho increased their target price on American Homes 4 Rent from $37.00 to $39.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. StockNews.com downgraded American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. Finally, Citigroup upgraded American Homes 4 Rent from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $37.00 to $41.00 in a report on Friday, March 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, American Homes 4 Rent has a consensus rating of “Moderate Buy” and a consensus price target of $39.67.

Insider Activity at American Homes 4 Rent

In other news, CAO Brian Reitz sold 3,000 shares of the firm’s 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 transaction, the chief accounting officer now directly owns 35,343 shares of the company’s stock, valued at $1,255,736.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 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 owns 35,343 shares of the company’s stock, valued at $1,255,736.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Matthew J. Hart sold 7,263 shares of the company’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $36.76, for a total transaction of $266,987.88. Following the completion of the sale, the director now owns 41,336 shares in the company, valued at approximately $1,519,511.36. The disclosure for this sale can be found here. In the last ninety days, insiders sold 60,263 shares of company stock worth $2,212,078. Insiders own 6.32% of the company’s stock.

American Homes 4 Rent Stock Up 2.3 %

AMH stock traded up $0.83 during trading hours on Friday, reaching $36.59. 582,070 shares of the stock were exchanged, compared to its average volume of 3,371,779. The firm’s 50-day moving average is $35.91 and its 200-day moving average is $35.44. The company has a market cap of $13.40 billion, a price-to-earnings ratio of 35.76, a PEG ratio of 2.73 and a beta of 0.70. 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 has a 12 month low of $31.36 and a 12 month high of $37.97.

American Homes 4 Rent Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were paid a $0.26 dividend. This is an increase from American Homes 4 Rent’s previous quarterly dividend of $0.22. This represents a $1.04 annualized dividend and a yield of 2.84%. The ex-dividend date of this dividend was Thursday, March 14th. American Homes 4 Rent’s dividend payout ratio (DPR) is 104.00%.

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.