Millennium Management LLC Raises Stock Position in American Homes 4 Rent (NYSE:AMH)

Millennium Management LLC lifted its holdings in shares of American Homes 4 Rent (NYSE:AMH) by 140.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,859,115 shares of the real estate investment trust’s stock after purchasing an additional 1,086,835 shares during the quarter. Millennium Management LLC’s holdings in American Homes 4 Rent were worth $69,568,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in AMH. Alyeska Investment Group L.P. lifted its holdings in 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 buying an additional 1,291,865 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of American Homes 4 Rent by 4.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 196,084 shares of the real estate investment trust’s stock worth $7,337,000 after acquiring an additional 8,370 shares during the period. Clearbridge Investments LLC raised its stake in shares of American Homes 4 Rent by 26.3% in the fourth quarter. Clearbridge Investments LLC now owns 2,821,944 shares of the real estate investment trust’s stock valued at $105,597,000 after acquiring an additional 588,302 shares in the last quarter. PGGM Investments boosted its holdings in American Homes 4 Rent by 7.3% in the fourth quarter. PGGM Investments now owns 1,062,538 shares of the real estate investment trust’s stock valued at $39,760,000 after purchasing an additional 71,890 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in American Homes 4 Rent by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,334,035 shares of the real estate investment trust’s stock worth $162,180,000 after purchasing an additional 110,022 shares in the last quarter. Hedge funds and other institutional investors own 91.87% of the company’s stock.

American Homes 4 Rent Stock Performance

Shares of AMH stock opened at $38.28 on Friday. The stock’s 50-day moving average is $36.68 and its two-hundred day moving average is $36.46. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.58 and a current ratio of 0.76. American Homes 4 Rent has a 1 year low of $31.68 and a 1 year high of $41.41. The firm has a market cap of $14.17 billion, a price-to-earnings ratio of 35.44, a PEG ratio of 3.56 and a beta of 0.78.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01. American Homes 4 Rent had a return on equity of 5.33% and a net margin of 23.86%. The firm had revenue of $459.28 million for the quarter, compared to the consensus estimate of $449.00 million. During the same quarter last year, the business posted $0.43 EPS. The firm’s quarterly revenue was up 8.4% compared to the same quarter last year. Analysts predict that American Homes 4 Rent will post 1.85 earnings per share for the current year.

American Homes 4 Rent Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a $0.30 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.20 annualized dividend and a yield of 3.13%. American Homes 4 Rent’s dividend payout ratio (DPR) is 111.11%.

Insider Buying and Selling

In other American Homes 4 Rent news, 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 approximately $3,870,338.14. This trade represents a 29.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jack E. Corrigan bought 4,000 shares of the stock in a transaction on Monday, May 5th. The stock was bought at an average price of $23.42 per share, for a total transaction of $93,680.00. Following the completion of the purchase, 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 position. The disclosure for this purchase can be found here. 6.32% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on AMH. Mizuho reduced their price target on American Homes 4 Rent from $41.00 to $37.00 and set an “outperform” rating on the stock in a research report on Thursday, March 13th. Deutsche Bank Aktiengesellschaft cut shares of American Homes 4 Rent from a “buy” rating to a “hold” rating and reduced their target price for the company from $40.00 to $37.00 in a report on Tuesday, January 21st. StockNews.com upgraded shares of American Homes 4 Rent from a “sell” rating to a “hold” rating in a research note on Tuesday, May 6th. Royal Bank of Canada increased their price objective on shares of American Homes 4 Rent from $39.00 to $41.00 and gave the company an “outperform” rating in a research report on Monday, May 5th. Finally, Barclays lifted their price objective on shares of American Homes 4 Rent from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 12th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $40.86.

American Homes 4 Rent Company 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.