American Homes 4 Rent (NYSE:AMH) Stock Holdings Lowered by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lessened its position in American Homes 4 Rent (NYSE:AMH) by 65.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 86,896 shares of the real estate investment trust’s stock after selling 161,934 shares during the period. Oppenheimer Asset Management Inc.’s holdings in American Homes 4 Rent were worth $3,286,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Mountain Hill Investment Partners Corp. bought a new position in American Homes 4 Rent in the 4th quarter worth about $26,000. National Pension Service acquired a new position in shares of American Homes 4 Rent during the fourth quarter worth approximately $30,000. Parallel Advisors LLC grew its holdings in American Homes 4 Rent by 171.1% in the 1st quarter. Parallel Advisors LLC now owns 843 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 532 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in American Homes 4 Rent by 56.6% in the 4th quarter. Jones Financial Companies Lllp now owns 1,084 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 392 shares in the last quarter. Finally, Opal Wealth Advisors LLC acquired a new stake in American Homes 4 Rent in the 1st quarter valued at approximately $42,000. 91.87% of the stock is currently owned by institutional investors.

Insider Buying and Selling at American Homes 4 Rent

In other American Homes 4 Rent news, Director Jack E. Corrigan bought 4,000 shares of the company’s stock in a transaction dated Monday, May 5th. The shares were bought at an average price of $23.42 per share, for a total transaction of $93,680.00. Following the acquisition, the director now directly owns 12,000 shares of the company’s stock, valued at approximately $281,040. This trade represents a 50.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Sara H. Vogt-Lowell sold 42,500 shares of the stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $39.01, for a total transaction of $1,657,925.00. Following the completion of the sale, the chief accounting officer now directly owns 99,214 shares of the company’s stock, valued at $3,870,338.14. This trade represents a 29.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 6.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on AMH shares. Scotiabank boosted their price target on American Homes 4 Rent from $38.00 to $41.00 and gave the stock a “sector perform” rating in a research report on Monday, May 12th. Citigroup cut shares of American Homes 4 Rent from a “buy” rating to a “neutral” rating and set a $41.00 price objective on the stock. in a research note on Friday, June 6th. Morgan Stanley upped their price objective on shares of American Homes 4 Rent from $39.00 to $40.50 and gave the stock an “overweight” rating in a report on Thursday, May 22nd. Evercore ISI increased their target price on shares of American Homes 4 Rent from $40.00 to $41.00 and gave the company an “outperform” rating in a research report on Friday, May 2nd. Finally, Mizuho lowered their target price on shares of American Homes 4 Rent from $41.00 to $37.00 and set an “outperform” rating on the stock in a research note on Thursday, March 13th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $40.90.

American Homes 4 Rent Price Performance

Shares of NYSE:AMH opened at $35.83 on Thursday. The company has a market capitalization of $13.26 billion, a PE ratio of 33.18, a price-to-earnings-growth ratio of 3.81 and a beta of 0.76. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.52 and a current ratio of 0.52. The stock has a fifty day moving average of $37.38 and a 200-day moving average of $36.44. American Homes 4 Rent has a one year low of $31.68 and a one year high of $41.41.

American Homes 4 Rent (NYSE:AMH) last announced its earnings results on Thursday, May 1st. The real estate investment trust reported $0.46 EPS for the quarter, beating the consensus estimate of $0.45 by $0.01. American Homes 4 Rent had a return on equity of 5.45% and a net margin of 23.41%. The business had revenue of $459.28 million during the quarter, compared to the consensus estimate of $449.00 million. During the same period in the prior year, the business posted $0.43 earnings per share. American Homes 4 Rent’s revenue was up 8.4% compared to the same quarter last year. As a group, equities analysts anticipate that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

American Homes 4 Rent Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.35%. The ex-dividend date of this dividend is Friday, June 13th. American Homes 4 Rent’s payout ratio is 111.11%.

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.