Lighthouse Investment Partners LLC Boosts Holdings in American Homes 4 Rent (NYSE:AMH)

Lighthouse Investment Partners LLC grew its position in American Homes 4 Rent (NYSE:AMH) by 34.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 288,793 shares of the real estate investment trust’s stock after buying an additional 73,793 shares during the period. Lighthouse Investment Partners LLC owned 0.08% of American Homes 4 Rent worth $10,807,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in AMH. Norges Bank purchased a new stake in shares of American Homes 4 Rent in the 4th quarter valued at approximately $822,019,000. Invesco Ltd. boosted its position in shares of American Homes 4 Rent by 186.2% during the 4th quarter. Invesco Ltd. now owns 6,292,773 shares of the real estate investment trust’s stock worth $235,476,000 after purchasing an additional 4,094,177 shares during the period. Wellington Management Group LLP boosted its position in shares of American Homes 4 Rent by 96.2% during the 4th quarter. Wellington Management Group LLP now owns 3,191,092 shares of the real estate investment trust’s stock worth $119,411,000 after purchasing an additional 1,564,994 shares during the period. Alyeska Investment Group L.P. boosted its position in shares of American Homes 4 Rent by 185.2% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,989,260 shares of the real estate investment trust’s stock worth $74,438,000 after purchasing an additional 1,291,865 shares during the period. Finally, Northern Trust Corp boosted its position in shares of American Homes 4 Rent by 40.1% during the 4th quarter. Northern Trust Corp now owns 4,183,541 shares of the real estate investment trust’s stock worth $156,548,000 after purchasing an additional 1,198,471 shares during the period. Hedge funds and other institutional investors own 91.87% of the company’s stock.

Insider Transactions at American Homes 4 Rent

In related news, Director Jack E. Corrigan purchased 4,000 shares of American Homes 4 Rent stock in a transaction that occurred on Monday, May 5th. The stock was purchased at an average cost of $23.42 per share, with a total value of $93,680.00. Following the completion of the transaction, the director now directly owns 12,000 shares in the company, valued at approximately $281,040. The trade was a 50.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Sara H. Vogt-Lowell sold 42,500 shares of the business’s stock in a transaction on Monday, May 5th. The shares were 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 approximately $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. Corporate insiders own 6.32% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Evercore ISI increased 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 research report on Friday, May 2nd. Morgan Stanley raised shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $39.00 to $40.00 in a research report on Friday, January 24th. JMP Securities reaffirmed a “market outperform” rating and set a $41.00 price objective on shares of American Homes 4 Rent in a research report on Tuesday, January 14th. Mizuho lowered their price objective on shares of American Homes 4 Rent from $41.00 to $37.00 and set an “outperform” rating for the company in a research report on Thursday, March 13th. Finally, StockNews.com raised shares of American Homes 4 Rent from a “sell” rating to a “hold” rating in a research report on Tuesday, May 6th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $40.64.

American Homes 4 Rent Price Performance

Shares of AMH opened at $38.70 on Monday. The firm has a market capitalization of $14.33 billion, a price-to-earnings ratio of 35.83, a PEG ratio of 3.56 and a beta of 0.78. The firm’s fifty day simple moving average is $36.55 and its 200-day simple moving average is $36.44. American Homes 4 Rent has a twelve month low of $31.68 and a twelve month high of $41.41. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 0.64.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.01. The business had revenue of $459.28 million during the quarter, compared to analysts’ expectations of $449.00 million. American Homes 4 Rent had a net margin of 23.86% and a return on equity of 5.33%. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.43 EPS. Equities analysts forecast that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a dividend of $0.30 per share. The ex-dividend date is Friday, June 13th. This represents a $1.20 annualized dividend and a dividend yield of 3.10%. American Homes 4 Rent’s dividend payout ratio (DPR) is currently 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.