Ensign Peak Advisors Inc Increases Stock Holdings in American Homes 4 Rent (NYSE:AMH)

Ensign Peak Advisors Inc lifted its position in American Homes 4 Rent (NYSE:AMH) by 31.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 148,556 shares of the real estate investment trust’s stock after buying an additional 35,609 shares during the quarter. Ensign Peak Advisors Inc’s holdings in American Homes 4 Rent were worth $5,559,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of AMH. Vanguard Group Inc. raised its position in American Homes 4 Rent by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 44,948,804 shares of the real estate investment trust’s stock valued at $1,681,984,000 after purchasing an additional 240,583 shares in the last quarter. Norges Bank purchased a new position in shares of American Homes 4 Rent in the 4th quarter worth about $822,019,000. Principal Financial Group Inc. boosted its holdings in shares of American Homes 4 Rent by 6.8% in the 4th quarter. Principal Financial Group Inc. now owns 15,987,142 shares of the real estate investment trust’s stock worth $598,232,000 after purchasing an additional 1,015,351 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of American Homes 4 Rent by 5.3% in the 4th quarter. JPMorgan Chase & Co. now owns 13,805,224 shares of the real estate investment trust’s stock worth $516,591,000 after purchasing an additional 689,741 shares in the last quarter. Finally, FMR LLC boosted its holdings in shares of American Homes 4 Rent by 9.2% in the 4th quarter. FMR LLC now owns 8,983,364 shares of the real estate investment trust’s stock worth $336,157,000 after purchasing an additional 757,772 shares in the last quarter. 91.87% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on AMH shares. Morgan Stanley upgraded American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $39.00 to $40.00 in a report on Friday, January 24th. JMP Securities restated a “market outperform” rating and set a $41.00 target price on shares of American Homes 4 Rent in a report on Tuesday, January 14th. Mizuho dropped their target price on American Homes 4 Rent from $41.00 to $37.00 and set an “outperform” rating for the company in a report on Thursday, March 13th. Keefe, Bruyette & Woods increased their target price on American Homes 4 Rent from $38.00 to $40.00 and gave the company a “market perform” rating in a report on Tuesday, May 6th. Finally, Barclays increased their target price on American Homes 4 Rent from $37.00 to $38.00 and gave the company an “equal weight” rating in a report on Wednesday, March 12th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $40.86.

Insider Transactions at American Homes 4 Rent

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

American Homes 4 Rent Trading Down 1.7%

AMH opened at $37.67 on Wednesday. The business has a 50 day simple moving average of $36.61 and a two-hundred day simple moving average of $36.45. The firm has a market capitalization of $13.94 billion, a price-to-earnings ratio of 34.88, a PEG ratio of 3.56 and a beta of 0.78. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.76 and a quick ratio of 0.58. 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 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $449.00 million. During the same quarter in the prior year, the company earned $0.43 EPS. The business’s revenue was up 8.4% compared to the same quarter last year. Analysts predict that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.19%. The ex-dividend date is Friday, June 13th. American Homes 4 Rent’s dividend payout ratio is currently 111.11%.

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.