Federated Hermes Inc. Sells 10,000 Shares of American Homes 4 Rent (NYSE:AMH)

Federated Hermes Inc. lessened its position in shares of American Homes 4 Rent (NYSE:AMH) by 68.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,600 shares of the real estate investment trust’s stock after selling 10,000 shares during the period. Federated Hermes Inc.’s holdings in American Homes 4 Rent were worth $165,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Penserra Capital Management LLC raised its position in shares of American Homes 4 Rent by 2.0% in the 3rd quarter. Penserra Capital Management LLC now owns 15,746 shares of the real estate investment trust’s stock worth $529,000 after acquiring an additional 309 shares in the last quarter. Cornercap Investment Counsel Inc. lifted its stake in American Homes 4 Rent by 3.2% in the fourth quarter. Cornercap Investment Counsel Inc. now owns 12,676 shares of the real estate investment trust’s stock valued at $456,000 after buying an additional 391 shares during the period. Dynamic Advisor Solutions LLC boosted its holdings in shares of American Homes 4 Rent by 3.2% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 14,209 shares of the real estate investment trust’s stock worth $503,000 after buying an additional 443 shares in the last quarter. Capital Analysts LLC grew its position in shares of American Homes 4 Rent by 58.1% during the 4th quarter. Capital Analysts LLC now owns 1,436 shares of the real estate investment trust’s stock worth $52,000 after buying an additional 528 shares during the period. Finally, Treasurer of the State of North Carolina increased its stake in shares of American Homes 4 Rent by 0.4% in the 3rd quarter. Treasurer of the State of North Carolina now owns 150,218 shares of the real estate investment trust’s stock valued at $5,061,000 after acquiring an additional 580 shares in the last quarter. Institutional investors and hedge funds own 91.87% of the company’s stock.

Insider Activity

In related news, CAO Brian Reitz sold 3,000 shares of American Homes 4 Rent stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $35.53, for a total value of $106,590.00. Following the completion of the sale, the chief accounting officer now owns 35,343 shares of the company’s stock, valued at approximately $1,255,736.79. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related 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 value of $106,590.00. Following the completion of the transaction, the chief accounting officer now directly 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 SEC, which can be accessed through this link. Also, COO Bryan Smith sold 50,000 shares of the business’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $36.77, for a total transaction of $1,838,500.00. Following the sale, the chief operating officer now directly owns 125,580 shares in the company, valued at approximately $4,617,576.60. The disclosure for this sale can be found here. Insiders have sold 60,263 shares of company stock valued at $2,212,078 in the last 90 days. Insiders own 6.32% of the company’s stock.

American Homes 4 Rent Stock Performance

NYSE AMH opened at $35.76 on Monday. The company has a market capitalization of $13.09 billion, a PE ratio of 36.49, a price-to-earnings-growth ratio of 2.75 and a beta of 0.70. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.46 and a current ratio of 0.46. American Homes 4 Rent has a 52-week low of $31.36 and a 52-week high of $37.97. The company has a 50-day simple moving average of $36.10 and a 200 day simple moving average of $35.50.

American Homes 4 Rent (NYSE:AMH) last released its earnings results on Friday, May 3rd. The real estate investment trust reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.13). The company had revenue of $423.56 million for the quarter, compared to the consensus estimate of $421.28 million. American Homes 4 Rent had a net margin of 22.55% and a return on equity of 5.02%. The firm’s revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.41 earnings per share. On average, research analysts predict that American Homes 4 Rent will post 1.73 EPS for the current year.

American Homes 4 Rent Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were paid a $0.26 dividend. The ex-dividend date was Thursday, March 14th. This is a positive change from American Homes 4 Rent’s previous quarterly dividend of $0.22. This represents a $1.04 annualized dividend and a dividend yield of 2.91%. American Homes 4 Rent’s payout ratio is presently 106.12%.

Analyst Ratings Changes

AMH has been the subject of a number of research reports. Royal Bank of Canada restated an “outperform” rating and issued a $39.00 price target on shares of American Homes 4 Rent in a report on Monday, February 26th. Deutsche Bank Aktiengesellschaft initiated coverage on American Homes 4 Rent in a research report on Tuesday, January 30th. They set a “buy” rating and a $40.00 target price on the stock. Mizuho increased their price target 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. Raymond James lifted their price objective on shares of American Homes 4 Rent from $40.00 to $41.00 and gave the stock an “outperform” rating in a report on Thursday, March 28th. Finally, StockNews.com downgraded shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, American Homes 4 Rent currently has an average rating of “Moderate Buy” and an average target price of $39.67.

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.