Retirement Systems of Alabama Purchases 15,931 Shares of American Homes 4 Rent (NYSE:AMH)

Retirement Systems of Alabama raised its position in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 2.0% in the third quarter, according to its most recent filing with the SEC. The firm owned 797,615 shares of the real estate investment trust's stock after purchasing an additional 15,931 shares during the quarter. Retirement Systems of Alabama owned approximately 0.22% of American Homes 4 Rent worth $30,620,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in AMH. V Square Quantitative Management LLC increased its position in shares of American Homes 4 Rent by 31.6% during the third quarter. V Square Quantitative Management LLC now owns 1,144 shares of the real estate investment trust's stock worth $44,000 after buying an additional 275 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in American Homes 4 Rent by 24.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,588 shares of the real estate investment trust's stock worth $59,000 after acquiring an additional 310 shares during the period. Creative Planning raised its position in shares of American Homes 4 Rent by 2.4% in the 3rd quarter. Creative Planning now owns 14,181 shares of the real estate investment trust's stock worth $544,000 after acquiring an additional 330 shares in the last quarter. US Bancorp DE lifted its stake in shares of American Homes 4 Rent by 3.3% in the 3rd quarter. US Bancorp DE now owns 14,896 shares of the real estate investment trust's stock valued at $572,000 after purchasing an additional 478 shares during the period. Finally, Advisors Asset Management Inc. boosted its position in shares of American Homes 4 Rent by 19.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 3,589 shares of the real estate investment trust's stock valued at $138,000 after purchasing an additional 596 shares in the last quarter. Institutional investors own 91.87% of the company's stock.

American Homes 4 Rent Stock Down 0.9 %

Shares of NYSE:AMH traded down $0.33 during mid-day trading on Friday, hitting $37.37. 2,634,504 shares of the company traded hands, compared to its average volume of 2,530,028. The stock has a 50-day moving average price of $37.52 and a two-hundred day moving average price of $37.58. 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 $13.81 billion, a P/E ratio of 38.93, a P/E/G ratio of 3.33 and a beta of 0.78. 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 data on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.23). The company had revenue of $445.06 million for the quarter, compared to the consensus estimate of $443.81 million. American Homes 4 Rent had a net margin of 21.51% and a return on equity of 4.76%. American Homes 4 Rent's revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the business posted $0.41 earnings per share. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a $0.26 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.04 annualized dividend and a yield of 2.78%. American Homes 4 Rent's dividend payout ratio (DPR) is 108.33%.

Insiders Place Their Bets

In other news, COO Bryan Smith sold 40,000 shares of the firm's stock in a transaction on Monday, December 9th. The stock was 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 directly owns 125,580 shares of the company's stock, valued at $4,746,924. This trade represents a 24.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Douglas N. Benham purchased 3,286 shares of the business's stock in a transaction that occurred on Thursday, December 5th. The stock was bought at an average cost of $24.49 per share, for a total transaction of $80,474.14. Following the completion of the acquisition, 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 position. The disclosure for this purchase can be found here. Insiders own 6.32% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. StockNews.com downgraded American Homes 4 Rent from a "hold" rating to a "sell" rating in a report on Tuesday, December 3rd. Wells Fargo & Company upgraded shares of American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $36.00 to $42.00 in a research note on Monday, August 26th. Scotiabank reissued an "outperform" rating and set a $42.00 target price on shares of American Homes 4 Rent in a research note on Wednesday, August 21st. JMP Securities restated a "market outperform" rating and issued a $41.00 price target on shares of American Homes 4 Rent in a report on Wednesday. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of 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. One 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. According to MarketBeat, American Homes 4 Rent has an average rating of "Moderate Buy" and an average target price of $41.56.

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.