NewEdge Wealth LLC Purchases 6,861 Shares of American Homes 4 Rent (NYSE:AMH)

NewEdge Wealth LLC raised its position in American Homes 4 Rent (NYSE:AMH) by 95.0% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 14,085 shares of the real estate investment trust’s stock after acquiring an additional 6,861 shares during the period. NewEdge Wealth LLC’s holdings in American Homes 4 Rent were worth $506,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the business. Commonwealth Equity Services LLC lifted its stake in American Homes 4 Rent by 4.0% in the second quarter. Commonwealth Equity Services LLC now owns 7,685 shares of the real estate investment trust’s stock valued at $272,000 after acquiring an additional 293 shares during the last quarter. Penserra Capital Management LLC increased its stake in shares of American Homes 4 Rent by 2.0% during the third quarter. Penserra Capital Management LLC now owns 15,746 shares of the real estate investment trust’s stock worth $529,000 after purchasing an additional 309 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in American Homes 4 Rent by 1.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 19,915 shares of the real estate investment trust’s stock worth $706,000 after purchasing an additional 320 shares during the last quarter. Benjamin Edwards Inc. boosted its stake in American Homes 4 Rent by 2.6% in the 2nd quarter. Benjamin Edwards Inc. now owns 12,679 shares of the real estate investment trust’s stock valued at $449,000 after purchasing an additional 326 shares during the period. Finally, Truist Financial Corp grew its holdings in American Homes 4 Rent by 2.9% in the 4th quarter. Truist Financial Corp now owns 14,767 shares of the real estate investment trust’s stock valued at $445,000 after buying an additional 410 shares in the last quarter. Institutional investors and hedge funds own 91.87% of the company’s stock.

Insider Activity at American Homes 4 Rent

In other news, CAO Brian Reitz sold 3,000 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $35.53, for a total transaction of $106,590.00. Following the completion of the transaction, the chief accounting officer now directly owns 35,343 shares in the company, valued at $1,255,736.79. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Matthew J. Hart sold 7,263 shares of American Homes 4 Rent stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $36.76, for a total transaction of $266,987.88. Following the transaction, the director now owns 41,336 shares in the company, valued at $1,519,511.36. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Brian Reitz sold 3,000 shares of the stock in a transaction 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 sale, the chief accounting officer now owns 35,343 shares of the company’s stock, valued at $1,255,736.79. The disclosure for this sale can be found here. Insiders sold a total of 60,263 shares of company stock valued at $2,212,078 in the last quarter. Insiders own 6.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AMH. Citigroup raised American Homes 4 Rent from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $37.00 to $41.00 in a report on Friday, March 22nd. BNP Paribas started coverage on shares of American Homes 4 Rent in a research report on Monday, January 22nd. They set an “outperform” rating and a $42.00 target price on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $39.00 price target on shares of American Homes 4 Rent in a research report on Monday, February 26th. StockNews.com downgraded American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th. Finally, Raymond James lifted their price objective on American Homes 4 Rent from $40.00 to $41.00 and gave the company an “outperform” rating in a report on Thursday, March 28th. One analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.67.

American Homes 4 Rent Stock Performance

American Homes 4 Rent stock opened at $34.68 on Wednesday. The stock has a market cap of $12.70 billion, a PE ratio of 34.68, a P/E/G ratio of 2.73 and a beta of 0.70. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.58. American Homes 4 Rent has a 12-month low of $31.36 and a 12-month high of $37.97. The business’s 50-day moving average price is $35.84 and its two-hundred day moving average price is $35.37.

American Homes 4 Rent Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 3.00%. This is a boost from American Homes 4 Rent’s previous quarterly dividend of $0.22. The ex-dividend date was Thursday, March 14th. American Homes 4 Rent’s dividend payout ratio is currently 104.00%.

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.