TCW Group Inc. Makes New $962,000 Investment in American Homes 4 Rent (NYSE:AMH)

TCW Group Inc. bought a new position in American Homes 4 Rent (NYSE:AMH - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 25,054 shares of the real estate investment trust's stock, valued at approximately $962,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Maryland Capital Advisors Inc. acquired a new position in American Homes 4 Rent in the third quarter worth approximately $25,000. UMB Bank n.a. increased its stake in shares of American Homes 4 Rent by 331.9% during the 3rd quarter. UMB Bank n.a. now owns 786 shares of the real estate investment trust's stock worth $30,000 after purchasing an additional 604 shares during the last quarter. V Square Quantitative Management LLC bought a new position in shares of American Homes 4 Rent during the 2nd quarter valued at $32,000. Assetmark Inc. lifted its stake in shares of American Homes 4 Rent by 359.1% in the 3rd quarter. Assetmark Inc. now owns 1,010 shares of the real estate investment trust's stock valued at $39,000 after purchasing an additional 790 shares during the last quarter. Finally, Wetzel Investment Advisors Inc. bought a new stake in American Homes 4 Rent in the second quarter worth $44,000. 91.87% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on AMH. StockNews.com cut American Homes 4 Rent from a "hold" rating to a "sell" rating in a research report on Tuesday, December 3rd. Evercore ISI upgraded American Homes 4 Rent from an "in-line" rating to an "outperform" rating and boosted their target price for the stock from $41.00 to $42.00 in a report on Monday, November 11th. Keefe, Bruyette & Woods lowered their price target on American Homes 4 Rent from $39.00 to $38.00 and set a "market perform" rating on the stock in a report on Wednesday, November 6th. Scotiabank restated an "outperform" rating and issued a $42.00 price objective on shares of American Homes 4 Rent in a research note on Wednesday, August 21st. Finally, Mizuho upped their price target on shares of American Homes 4 Rent from $39.00 to $40.00 and gave the company an "outperform" rating in a report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $41.56.

American Homes 4 Rent Price Performance

AMH stock traded down $0.33 during midday trading on Friday, reaching $37.37. 2,634,138 shares of the company's stock traded hands, compared to its average volume of 2,530,028. The company has a 50-day simple moving average of $37.52 and a two-hundred day simple moving average of $37.57. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.59. American Homes 4 Rent has a 1-year low of $33.75 and a 1-year high of $41.41. The company has a market cap of $13.81 billion, a price-to-earnings ratio of 38.93, a PEG ratio of 3.33 and a beta of 0.78.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last announced its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by ($0.23). American Homes 4 Rent had a net margin of 21.51% and a return on equity of 4.76%. The business had revenue of $445.06 million during the quarter, compared to analyst estimates of $443.81 million. During the same quarter last year, the business posted $0.41 earnings per share. The business's quarterly revenue was up 5.5% compared to the same quarter last year. On average, analysts anticipate that American Homes 4 Rent will post 1.77 earnings per share for the current year.

American Homes 4 Rent Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date is Friday, December 13th. American Homes 4 Rent's dividend payout ratio is currently 108.33%.

Insider Buying and Selling

In related news, COO Bryan Smith sold 40,000 shares of the company's stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $37.80, for a total value of $1,512,000.00. Following the completion of the sale, the chief operating officer now owns 125,580 shares in the company, valued at approximately $4,746,924. This represents a 24.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Douglas N. Benham purchased 3,286 shares of the stock in a transaction dated Thursday, December 5th. The stock was bought at an average cost of $24.49 per share, with a total value of $80,474.14. Following the completion of the purchase, the director now owns 41,946 shares in the company, valued at $1,027,257.54. The trade was a 8.50 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 6.32% of the stock is currently owned by corporate insiders.

American Homes 4 Rent Company 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.