BNP Paribas Financial Markets lifted its position in shares of American Homes 4 Rent (NYSE:AMH – Free Report) by 17.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 265,394 shares of the real estate investment trust’s stock after purchasing an additional 39,048 shares during the period. BNP Paribas Financial Markets’ holdings in American Homes 4 Rent were worth $8,519,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB boosted its stake in shares of American Homes 4 Rent by 10,728.6% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 758 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 751 shares in the last quarter. IFP Advisors Inc raised its holdings in American Homes 4 Rent by 122.2% in the 4th quarter. IFP Advisors Inc now owns 802 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 441 shares during the last quarter. True Wealth Design LLC raised its holdings in American Homes 4 Rent by 230.8% in the 4th quarter. True Wealth Design LLC now owns 827 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 577 shares during the last quarter. Parallel Advisors LLC raised its holdings in American Homes 4 Rent by 84.8% in the 3rd quarter. Parallel Advisors LLC now owns 963 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 442 shares during the last quarter. Finally, V Square Quantitative Management LLC acquired a new stake in shares of American Homes 4 Rent during the 4th quarter worth $37,000. Institutional investors and hedge funds own 91.87% of the company’s stock.
American Homes 4 Rent Trading Down 1.5%
NYSE AMH opened at $32.77 on Tuesday. The firm’s 50 day moving average price is $30.96 and its two-hundred day moving average price is $30.88. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.57 and a current ratio of 0.57. American Homes 4 Rent has a twelve month low of $27.22 and a twelve month high of $37.10. The stock has a market cap of $11.82 billion, a price-to-earnings ratio of 26.64, a PEG ratio of 4.38 and a beta of 0.81.
American Homes 4 Rent Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.0%. American Homes 4 Rent’s dividend payout ratio (DPR) is 107.32%.
Insider Activity
In related news, Director Jack E. Corrigan bought 2,041 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was bought at an average price of $23.53 per share, with a total value of $48,024.73. Following the purchase, the director directly owned 17,000 shares of the company’s stock, valued at approximately $400,010. This represents a 13.64% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Over the last three months, insiders have acquired 5,000 shares of company stock worth $117,024. Company insiders own 5.70% of the company’s stock.
Analyst Ratings Changes
AMH has been the subject of a number of research analyst reports. Mizuho dropped their price objective on American Homes 4 Rent from $32.00 to $29.00 and set a “neutral” rating for the company in a report on Friday, March 13th. Wall Street Zen raised shares of American Homes 4 Rent from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Scotiabank increased their price objective on shares of American Homes 4 Rent from $31.00 to $32.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 21st. Citizens Jmp dropped their price target on shares of American Homes 4 Rent from $41.00 to $37.00 and set a “market outperform” rating on the stock in a research note on Monday, February 23rd. Finally, UBS Group lowered their price objective on shares of American Homes 4 Rent from $33.00 to $32.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 19th. Nine research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, American Homes 4 Rent currently has an average rating of “Hold” and an average price target of $35.08.
Check Out Our Latest Report on American Homes 4 Rent
American Homes 4 Rent Profile
American Homes 4 Rent (NYSE: AMH) is a publicly traded real estate investment trust (REIT) specializing in the acquisition, development and management of single-family rental homes. Since its initial public offering in April 2013, the company has focused on building a large-scale, professionally managed portfolio of homes designed to meet the needs of today’s renters. Its business model emphasizes the acquisition of well-located properties coupled with consistent, in-house property management to drive occupancy and long-term value.
As of the most recent reporting, American Homes 4 Rent owns and operates tens of thousands of homes across the United States, with concentration in key Sun Belt and high-growth markets.
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