Exchange Traded Concepts LLC Buys 932 Shares of American Homes 4 Rent (NYSE:AMH)

Exchange Traded Concepts LLC boosted its stake in American Homes 4 Rent (NYSE:AMH) by 4.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,860 shares of the real estate investment trust’s stock after purchasing an additional 932 shares during the quarter. Exchange Traded Concepts LLC’s holdings in American Homes 4 Rent were worth $855,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Toronto Dominion Bank lifted its position in shares of American Homes 4 Rent by 2.0% in the second quarter. Toronto Dominion Bank now owns 31,511 shares of the real estate investment trust’s stock worth $1,171,000 after buying an additional 620 shares in the last quarter. APG Asset Management N.V. increased its stake in American Homes 4 Rent by 264.0% in the 2nd quarter. APG Asset Management N.V. now owns 48,807 shares of the real estate investment trust’s stock worth $1,692,000 after acquiring an additional 35,400 shares during the last quarter. MBB Public Markets I LLC purchased a new stake in shares of American Homes 4 Rent during the 2nd quarter worth approximately $831,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of American Homes 4 Rent by 24.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,588 shares of the real estate investment trust’s stock valued at $59,000 after acquiring an additional 310 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. purchased a new position in shares of American Homes 4 Rent in the second quarter valued at $208,000. Institutional investors own 91.87% of the company’s stock.

American Homes 4 Rent Trading Up 1.0 %

Shares of AMH opened at $35.16 on Wednesday. The firm has a market capitalization of $12.99 billion, a price-to-earnings ratio of 36.63, a PEG ratio of 2.93 and a beta of 0.78. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.58 and a quick ratio of 0.58. American Homes 4 Rent has a 1-year low of $33.75 and a 1-year high of $41.41. The company has a 50-day moving average of $36.68 and a 200 day moving average of $37.53.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.23). American Homes 4 Rent had a net margin of 21.51% and a return on equity of 4.76%. The company had revenue of $445.06 million for the quarter, compared to the consensus estimate of $443.81 million. During the same period in the prior year, the firm posted $0.41 EPS. The business’s revenue was up 5.5% on a year-over-year basis. On average, research analysts expect that American Homes 4 Rent will post 1.77 EPS for the current year.

American Homes 4 Rent Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 2.96%. The ex-dividend date was Friday, December 13th. American Homes 4 Rent’s dividend payout ratio is 108.33%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on AMH shares. Scotiabank downgraded shares of American Homes 4 Rent from a “sector outperform” rating to a “sector perform” rating and set a $38.00 price target on the stock. in a research note on Thursday, January 23rd. JMP Securities restated a “market outperform” rating and set a $41.00 target price on shares of American Homes 4 Rent in a research report on Tuesday, January 14th. Barclays dropped their price target on American Homes 4 Rent from $39.00 to $37.00 and set an “equal weight” rating for the company in a research report on Friday, January 24th. Morgan Stanley upgraded American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $39.00 to $40.00 in a research report on Friday, January 24th. Finally, Evercore ISI upgraded American Homes 4 Rent from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $41.00 to $42.00 in a report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.67.

Insider Transactions at American Homes 4 Rent

In other American Homes 4 Rent news, Director Douglas N. Benham purchased 3,286 shares of American Homes 4 Rent stock in a transaction dated Thursday, December 5th. The stock was acquired at an average price of $24.49 per share, for a total transaction of $80,474.14. Following the acquisition, the director now owns 41,946 shares in the company, valued at $1,027,257.54. This trade represents a 8.50 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Bryan Smith sold 40,000 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $37.80, for a total transaction of $1,512,000.00. Following the transaction, the chief operating officer now owns 125,580 shares in the company, valued at approximately $4,746,924. This represents a 24.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 6.05% of the company’s stock.

American Homes 4 Rent 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.