Aew Capital Management L P Buys 224,337 Shares of American Homes 4 Rent (NYSE:AMH)

Aew Capital Management L P boosted its holdings in shares of American Homes 4 Rent (NYSE:AMH) by 12.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,037,076 shares of the real estate investment trust’s stock after purchasing an additional 224,337 shares during the period. American Homes 4 Rent comprises approximately 2.7% of Aew Capital Management L P’s investment portfolio, making the stock its 15th biggest position. Aew Capital Management L P owned 0.56% of American Homes 4 Rent worth $73,253,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Stevens Capital Management LP bought a new stake in American Homes 4 Rent during the fourth quarter worth $556,000. GAMMA Investing LLC bought a new position in shares of American Homes 4 Rent in the 4th quarter valued at $44,000. Cetera Trust Company N.A bought a new position in shares of American Homes 4 Rent in the 4th quarter valued at $253,000. Handelsbanken Fonder AB lifted its stake in shares of American Homes 4 Rent by 11.3% in the 4th quarter. Handelsbanken Fonder AB now owns 58,992 shares of the real estate investment trust’s stock valued at $2,121,000 after acquiring an additional 6,000 shares during the last quarter. Finally, CWM LLC lifted its stake in shares of American Homes 4 Rent by 49.5% in the 4th quarter. CWM LLC now owns 2,871 shares of the real estate investment trust’s stock valued at $103,000 after acquiring an additional 951 shares during the last quarter. 91.87% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CAO Brian Reitz sold 3,000 shares of the stock in a transaction dated 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 owns 35,343 shares of the company’s stock, valued at approximately $1,255,736.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Matthew J. Hart sold 7,263 shares of the stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $36.76, for a total transaction of $266,987.88. Following the transaction, the director now owns 41,336 shares of the company’s stock, valued at approximately $1,519,511.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Brian Reitz sold 3,000 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $35.53, for a total transaction of $106,590.00. Following the completion of the transaction, the chief accounting officer now directly owns 35,343 shares in the company, valued at approximately $1,255,736.79. 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. Company insiders own 6.32% of the company’s stock.

Analysts Set New Price Targets

AMH has been the subject of a number of research reports. BNP Paribas initiated coverage on American Homes 4 Rent in a research note on Monday, January 22nd. They issued an “outperform” rating and a $42.00 price target for the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $39.00 price target on shares of American Homes 4 Rent in a research note on Monday, February 26th. Jefferies Financial Group upgraded American Homes 4 Rent from a “hold” rating to a “buy” rating and increased their price objective for the company from $34.00 to $41.00 in a report on Tuesday, January 2nd. Raymond James increased their price objective on American Homes 4 Rent from $40.00 to $41.00 and gave the company an “outperform” rating in a report on Thursday, March 28th. Finally, Citigroup upgraded American Homes 4 Rent from a “neutral” rating to a “buy” rating and increased their price objective for the company 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 company. According to data from MarketBeat, American Homes 4 Rent presently has a consensus rating of “Moderate Buy” and an average price target of $39.67.

American Homes 4 Rent Trading Up 1.7 %

American Homes 4 Rent stock traded up $0.62 during trading hours on Friday, reaching $36.38. 1,530,466 shares of the company’s stock were exchanged, compared to its average volume of 3,384,310. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.58. The firm’s 50 day simple moving average is $35.94 and its 200 day simple moving average is $35.44. American Homes 4 Rent has a twelve month low of $31.36 and a twelve month high of $37.97. The firm has a market capitalization of $13.32 billion, a PE ratio of 36.38, a PEG ratio of 2.73 and a beta of 0.70.

American Homes 4 Rent Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were issued a dividend of $0.26 per share. This is an increase 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 2.86%. The ex-dividend date of this dividend was Thursday, March 14th. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 104.00%.

American Homes 4 Rent Company 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.