Louisiana State Employees Retirement System Has $3.29 Million Holdings in American Homes 4 Rent (NYSE:AMH)

Louisiana State Employees Retirement System raised its position in American Homes 4 Rent (NYSE:AMH) by 0.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 88,000 shares of the real estate investment trust’s stock after purchasing an additional 800 shares during the quarter. Louisiana State Employees Retirement System’s holdings in American Homes 4 Rent were worth $3,293,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC lifted its position in shares of American Homes 4 Rent by 31.6% during the third quarter. V Square Quantitative Management LLC now owns 1,144 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 275 shares in the last quarter. Creative Planning lifted its position in shares of American Homes 4 Rent by 2.4% during the third quarter. Creative Planning now owns 14,181 shares of the real estate investment trust’s stock worth $544,000 after purchasing an additional 330 shares in the last quarter. US Bancorp DE raised its stake in shares of American Homes 4 Rent by 3.3% during the third quarter. US Bancorp DE now owns 14,896 shares of the real estate investment trust’s stock worth $572,000 after buying an additional 478 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of American Homes 4 Rent by 14.0% during the fourth quarter. GAMMA Investing LLC now owns 4,091 shares of the real estate investment trust’s stock worth $153,000 after buying an additional 503 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its stake in shares of American Homes 4 Rent by 19.9% during the third quarter. Advisors Asset Management Inc. now owns 3,589 shares of the real estate investment trust’s stock worth $138,000 after buying an additional 596 shares during the last quarter. 91.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related 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 bought at an average price of $24.49 per share, for a total transaction of $80,474.14. Following the completion of the acquisition, the director now directly owns 41,946 shares of the company’s stock, valued at $1,027,257.54. This represents a 8.50 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Bryan Smith sold 40,000 shares of the stock in a transaction on Monday, December 9th. The stock was 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 of the company’s stock, valued at $4,746,924. The trade was a 24.16 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 6.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on AMH shares. JMP Securities reissued a “market outperform” rating and set a $41.00 price target on shares of American Homes 4 Rent in a research note on Tuesday, January 14th. 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 for the company. in a research note on Thursday, January 23rd. Barclays dropped their price target on shares of American Homes 4 Rent from $39.00 to $37.00 and set an “equal weight” rating for the company in a research note on Friday, January 24th. Evercore ISI raised shares of American Homes 4 Rent from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $41.00 to $42.00 in a research note on Monday, November 11th. Finally, Morgan Stanley raised shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $39.00 to $40.00 in a research note on Friday, January 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $40.67.

American Homes 4 Rent Stock Up 1.7 %

American Homes 4 Rent stock opened at $35.85 on Friday. The stock has a market capitalization of $13.25 billion, a PE ratio of 37.35, a price-to-earnings-growth ratio of 3.45 and a beta of 0.78. American Homes 4 Rent has a twelve month low of $33.95 and a twelve month high of $41.41. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.59. The company has a 50 day moving average of $36.00 and a 200-day moving average of $37.43.

American Homes 4 Rent Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.35%. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from American Homes 4 Rent’s previous quarterly dividend of $0.26. American Homes 4 Rent’s dividend payout ratio is 108.33%.

About American Homes 4 Rent

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.