Neo Ivy Capital Management Takes Position in American Homes 4 Rent (NYSE:AMH)

Neo Ivy Capital Management purchased a new position in shares of American Homes 4 Rent (NYSE:AMH - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 37,920 shares of the real estate investment trust's stock, valued at approximately $1,456,000.

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

Analyst Ratings Changes

A number of equities analysts have weighed in on AMH shares. JPMorgan Chase & Co. upped their price target on American Homes 4 Rent from $38.00 to $43.00 and gave the stock a "neutral" rating in a research report on Monday, September 16th. Mizuho increased their price objective on American Homes 4 Rent from $39.00 to $40.00 and gave the company an "outperform" rating in a report on Thursday, October 10th. JMP Securities reaffirmed a "market outperform" rating and set a $41.00 price target on shares of American Homes 4 Rent in a report on Wednesday. Evercore ISI upgraded American Homes 4 Rent from an "in-line" rating to an "outperform" rating and increased their price objective for the stock from $41.00 to $42.00 in a research report on Monday, November 11th. Finally, Scotiabank reiterated an "outperform" rating and set a $42.00 price objective on shares of American Homes 4 Rent in a research report on Wednesday, August 21st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $41.56.

American Homes 4 Rent Stock Up 0.9 %

Shares of NYSE:AMH traded up $0.35 during mid-day trading on Wednesday, hitting $37.92. 1,404,598 shares of the company traded hands, compared to its average volume of 2,520,035. American Homes 4 Rent has a 12-month low of $33.75 and a 12-month high of $41.41. The stock has a market cap of $14.01 billion, a P/E ratio of 39.45, a P/E/G ratio of 3.29 and a beta of 0.78. The stock has a 50-day moving average price of $37.55 and a two-hundred day moving average price of $37.56. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.59.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.23). American Homes 4 Rent had a return on equity of 4.76% and a net margin of 21.51%. The company had revenue of $445.06 million for the quarter, compared to analysts' expectations of $443.81 million. During the same quarter in the previous year, the business earned $0.41 EPS. The company's revenue for the quarter was up 5.5% on a year-over-year basis. On average, equities research analysts forecast 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 announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a dividend of $0.26 per share. The ex-dividend date is Friday, December 13th. This represents a $1.04 annualized dividend and a dividend yield of 2.74%. American Homes 4 Rent's dividend payout ratio is currently 108.33%.

Insiders Place Their Bets

In other news, Director Douglas N. Benham bought 3,286 shares of American Homes 4 Rent stock in a transaction that occurred on Thursday, December 5th. The shares were acquired at an average price of $24.49 per share, with a total value of $80,474.14. Following the completion of the purchase, the director now directly 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 purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Bryan Smith sold 40,000 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of $37.80, for a total value of $1,512,000.00. Following the completion of the transaction, the chief operating officer now directly owns 125,580 shares in the company, valued at approximately $4,746,924. This represents a 24.16 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 6.05% of the company's stock.

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.