JPMorgan Chase & Co. Has $503.50 Million Stake in American Homes 4 Rent (NYSE:AMH)

JPMorgan Chase & Co. grew its holdings in American Homes 4 Rent (NYSE:AMH - Free Report) by 1.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,115,483 shares of the real estate investment trust's stock after acquiring an additional 214,242 shares during the period. JPMorgan Chase & Co. owned 3.55% of American Homes 4 Rent worth $503,503,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of AMH. Maryland Capital Advisors Inc. bought a new position in shares of American Homes 4 Rent in the 3rd quarter valued at approximately $25,000. UMB Bank n.a. raised its position in shares of American Homes 4 Rent by 331.9% in the third quarter. UMB Bank n.a. now owns 786 shares of the real estate investment trust's stock valued at $30,000 after purchasing an additional 604 shares during the period. Assetmark Inc. lifted its stake in shares of American Homes 4 Rent by 359.1% in the third quarter. Assetmark Inc. now owns 1,010 shares of the real estate investment trust's stock worth $39,000 after buying an additional 790 shares during the last quarter. Wetzel Investment Advisors Inc. bought a new stake in shares of American Homes 4 Rent during the 2nd quarter worth $44,000. Finally, V Square Quantitative Management LLC grew its stake in American Homes 4 Rent by 31.6% in the 3rd quarter. V Square Quantitative Management LLC now owns 1,144 shares of the real estate investment trust's stock valued at $44,000 after buying an additional 275 shares during the last quarter. Institutional investors and hedge funds own 91.87% of the company's stock.

Analyst Upgrades and Downgrades

AMH has been the subject of a number of research analyst reports. Barclays assumed coverage on shares of American Homes 4 Rent in a research report on Tuesday, December 17th. They set an "equal weight" rating and a $39.00 target price for the company. JMP Securities reissued a "market outperform" rating and set a $41.00 price objective on shares of American Homes 4 Rent in a research report on Wednesday, December 11th. Evercore ISI raised American Homes 4 Rent from an "in-line" rating to an "outperform" rating and raised their target price for the company from $41.00 to $42.00 in a report on Monday, November 11th. Mizuho upped their price target on American Homes 4 Rent from $39.00 to $40.00 and gave the stock an "outperform" rating in a report on Thursday, October 10th. Finally, JPMorgan Chase & Co. raised their price objective on shares of American Homes 4 Rent from $38.00 to $43.00 and gave the stock a "neutral" rating in a research note on Monday, September 16th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, American Homes 4 Rent presently has an average rating of "Moderate Buy" and an average target price of $41.38.

American Homes 4 Rent Price Performance

Shares of NYSE:AMH traded down $0.05 during trading on Friday, reaching $37.10. The stock had a trading volume of 1,255,392 shares, compared to its average volume of 2,526,503. The stock has a market capitalization of $13.71 billion, a PE ratio of 38.65, a P/E/G ratio of 3.33 and a beta of 0.78. American Homes 4 Rent has a 52 week low of $33.75 and a 52 week high of $41.41. The business's 50-day moving average price is $37.34 and its 200 day moving average price is $37.65. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.58 and a quick ratio of 0.58.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts' consensus estimates 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 business had revenue of $445.06 million during the quarter, compared to analyst estimates of $443.81 million. During the same period in the prior year, the firm posted $0.41 EPS. American Homes 4 Rent's revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, equities analysts predict 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 disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend is Friday, December 13th. American Homes 4 Rent's dividend payout ratio (DPR) is presently 108.33%.

Insider Buying and Selling at American Homes 4 Rent

In other news, COO Bryan Smith sold 40,000 shares of American Homes 4 Rent stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $37.80, for a total transaction 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 $4,746,924. The trade was a 24.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Douglas N. Benham acquired 3,286 shares of American Homes 4 Rent stock in a transaction on Thursday, December 5th. The stock was acquired at an average cost of $24.49 per share, for a total transaction of $80,474.14. Following the completion of the purchase, the director now owns 41,946 shares of the company's stock, valued at approximately $1,027,257.54. The trade was a 8.50 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 6.32% of the company's stock.

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.