Handelsbanken Fonder AB Has $2.12 Million Stock Position in American Homes 4 Rent (NYSE:AMH)

Handelsbanken Fonder AB lifted its position in shares of American Homes 4 Rent (NYSE:AMH) by 11.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 58,992 shares of the real estate investment trust’s stock after buying an additional 6,000 shares during the quarter. Handelsbanken Fonder AB’s holdings in American Homes 4 Rent were worth $2,121,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of AMH. Vanguard Group Inc. lifted its holdings in shares of American Homes 4 Rent by 2.3% during the third quarter. Vanguard Group Inc. now owns 44,399,483 shares of the real estate investment trust’s stock worth $1,495,819,000 after buying an additional 1,011,707 shares in the last quarter. 59 North Capital Management LP raised its stake in American Homes 4 Rent by 53.8% in the third quarter. 59 North Capital Management LP now owns 2,300,256 shares of the real estate investment trust’s stock valued at $77,496,000 after purchasing an additional 804,235 shares in the last quarter. American Century Companies Inc. raised its stake in American Homes 4 Rent by 31.2% in the third quarter. American Century Companies Inc. now owns 1,569,772 shares of the real estate investment trust’s stock valued at $52,886,000 after purchasing an additional 372,987 shares in the last quarter. Ranger Global Real Estate Advisors LLC raised its stake in American Homes 4 Rent by 343.7% in the third quarter. Ranger Global Real Estate Advisors LLC now owns 464,039 shares of the real estate investment trust’s stock valued at $15,633,000 after purchasing an additional 359,456 shares in the last quarter. Finally, Northern Trust Corp raised its stake in American Homes 4 Rent by 16.3% in the third quarter. Northern Trust Corp now owns 2,383,543 shares of the real estate investment trust’s stock valued at $80,302,000 after purchasing an additional 333,497 shares in the last quarter. Institutional investors and hedge funds own 91.87% of the company’s stock.

Insider Transactions at American Homes 4 Rent

In other news, Director Matthew J. Hart sold 7,263 shares of the business’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 sale, the director now directly owns 41,336 shares in the company, valued at $1,519,511.36. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CAO Brian Reitz sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $35.53, for a total value of $106,590.00. Following the sale, the chief accounting officer now directly owns 35,343 shares in the company, valued at $1,255,736.79. The sale was disclosed in a document filed 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 that occurred on Tuesday, February 27th. The shares were sold at an average price of $36.76, for a total value of $266,987.88. Following the completion of the sale, the director now owns 41,336 shares in the company, valued at $1,519,511.36. The disclosure for this sale can be found here. Over the last three months, insiders have sold 60,263 shares of company stock worth $2,212,078. Insiders own 6.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on AMH shares. StockNews.com downgraded American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. Royal Bank of Canada reaffirmed 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. BNP Paribas started 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. Deutsche Bank Aktiengesellschaft started coverage on American Homes 4 Rent in a research note on Tuesday, January 30th. They issued a “buy” rating and a $40.00 price target for the company. Finally, Mizuho lifted their target price on American Homes 4 Rent from $37.00 to $39.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, American Homes 4 Rent presently has a consensus rating of “Moderate Buy” and an average target price of $39.67.

American Homes 4 Rent Stock Performance

NYSE:AMH opened at $36.38 on Friday. The stock has a market cap of $13.32 billion, a P/E ratio of 36.38, a price-to-earnings-growth ratio of 2.73 and a beta of 0.70. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.58. The stock’s 50-day moving average is $35.94 and its 200-day moving average is $35.44. American Homes 4 Rent has a 1-year low of $31.36 and a 1-year high of $37.97.

American Homes 4 Rent Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were issued a dividend of $0.26 per share. This is a boost from American Homes 4 Rent’s previous quarterly dividend of $0.22. This represents a $1.04 annualized dividend and a dividend yield of 2.86%. The ex-dividend date of this dividend was Thursday, March 14th. American Homes 4 Rent’s payout ratio is 104.00%.

American Homes 4 Rent 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.