California Public Employees Retirement System Has $21.36 Million Position in American Homes 4 Rent (NYSE:AMH)

California Public Employees Retirement System reduced its stake in shares of American Homes 4 Rent (NYSE:AMH) by 1.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 593,972 shares of the real estate investment trust’s stock after selling 10,349 shares during the quarter. California Public Employees Retirement System owned about 0.16% of American Homes 4 Rent worth $21,359,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of AMH. AE Wealth Management LLC grew its position in shares of American Homes 4 Rent by 31.9% during the 3rd quarter. AE Wealth Management LLC now owns 15,223 shares of the real estate investment trust’s stock worth $513,000 after buying an additional 3,681 shares during the period. SG Americas Securities LLC grew its position in shares of American Homes 4 Rent by 64.3% in the 3rd quarter. SG Americas Securities LLC now owns 29,602 shares of the real estate investment trust’s stock valued at $997,000 after purchasing an additional 11,589 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in shares of American Homes 4 Rent by 48.5% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 29,438 shares of the real estate investment trust’s stock valued at $992,000 after purchasing an additional 9,612 shares during the period. Robeco Institutional Asset Management B.V. grew its position in shares of American Homes 4 Rent by 69.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 498,682 shares of the real estate investment trust’s stock valued at $16,801,000 after purchasing an additional 204,349 shares during the period. Finally, Xponance Inc. grew its position in shares of American Homes 4 Rent by 6.1% in the 3rd quarter. Xponance Inc. now owns 12,485 shares of the real estate investment trust’s stock valued at $421,000 after purchasing an additional 716 shares during the period. 91.87% of the stock is currently owned by institutional investors and hedge funds.

American Homes 4 Rent Trading Up 1.8 %

Shares of American Homes 4 Rent stock opened at $36.41 on Monday. American Homes 4 Rent has a 12-month low of $31.36 and a 12-month high of $37.97. The stock has a market cap of $13.33 billion, a P/E ratio of 36.41, a P/E/G ratio of 2.80 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. The business’s 50 day moving average is $35.97 and its 200-day moving average is $35.46.

American Homes 4 Rent Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a dividend of $0.26 per share. The ex-dividend date was Thursday, March 14th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.86%. This is a boost from American Homes 4 Rent’s previous quarterly dividend of $0.22. American Homes 4 Rent’s dividend payout ratio is currently 104.00%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Mizuho boosted their price objective on American Homes 4 Rent from $37.00 to $39.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. Jefferies Financial Group upgraded American Homes 4 Rent from a “hold” rating to a “buy” rating and boosted their target price for the company from $34.00 to $41.00 in a research note on Tuesday, January 2nd. Citigroup upgraded American Homes 4 Rent from a “neutral” rating to a “buy” rating and boosted their target price for the company from $37.00 to $41.00 in a research note on Friday, March 22nd. Raymond James boosted their target price on American Homes 4 Rent from $40.00 to $41.00 and gave the company an “outperform” rating in a research note on Thursday, March 28th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $39.00 target price on shares of American Homes 4 Rent in a research note on Monday, February 26th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $39.67.

Insider Buying and Selling

In related news, COO Bryan Smith sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $36.77, for a total transaction of $1,838,500.00. Following the transaction, the chief operating officer now directly owns 125,580 shares of the company’s stock, valued at approximately $4,617,576.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, COO Bryan Smith sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $36.77, for a total transaction of $1,838,500.00. Following the transaction, the chief operating officer now directly owns 125,580 shares of the company’s stock, valued at approximately $4,617,576.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Matthew J. Hart sold 7,263 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $36.76, for a total value of $266,987.88. Following the transaction, the director now directly owns 41,336 shares in the company, valued at $1,519,511.36. The disclosure for this sale can be found here. In the last three months, insiders have sold 60,263 shares of company stock valued at $2,212,078. 6.32% of the stock is owned by insiders.

American Homes 4 Rent Profile

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.