Bank of New York Mellon Corp Raises Stock Holdings in American Homes 4 Rent (NYSE:AMH)

Bank of New York Mellon Corp raised its stake in American Homes 4 Rent (NYSE:AMH - Free Report) by 9.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,958,336 shares of the real estate investment trust's stock after purchasing an additional 248,729 shares during the quarter. Bank of New York Mellon Corp owned 0.80% of American Homes 4 Rent worth $110,701,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of AMH. Creative Planning raised its holdings in American Homes 4 Rent by 2.4% during the third quarter. Creative Planning now owns 14,181 shares of the real estate investment trust's stock worth $544,000 after purchasing an additional 330 shares in the last quarter. US Bancorp DE increased its position in American Homes 4 Rent by 3.3% during the 3rd quarter. US Bancorp DE now owns 14,896 shares of the real estate investment trust's stock worth $572,000 after purchasing an additional 478 shares during the period. GAMMA Investing LLC raised its stake in shares of American Homes 4 Rent by 14.0% during the 4th quarter. GAMMA Investing LLC now owns 4,091 shares of the real estate investment trust's stock worth $153,000 after buying an additional 503 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of American Homes 4 Rent by 19.9% in 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 buying an additional 596 shares during the period. Finally, UMB Bank n.a. boosted its stake in shares of American Homes 4 Rent by 77.2% in the fourth quarter. UMB Bank n.a. now owns 1,393 shares of the real estate investment trust's stock valued at $52,000 after buying an additional 607 shares in the last quarter. 91.87% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Transactions at American Homes 4 Rent

In related news, Director Douglas N. Benham purchased 3,286 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was purchased at an average cost of $24.49 per share, for a total transaction of $80,474.14. Following the acquisition, the director now owns 41,946 shares in the company, valued at approximately $1,027,257.54. This trade represents a 8.50 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Bryan Smith sold 40,000 shares of the business'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 transaction, 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 position. The disclosure for this sale can be found here. Company insiders own 6.32% of the company's stock.

American Homes 4 Rent Trading Up 1.2 %

AMH traded up $0.45 during midday trading on Wednesday, hitting $36.85. The company's stock had a trading volume of 2,999,729 shares, compared to its average volume of 2,507,762. American Homes 4 Rent has a 52-week low of $34.01 and a 52-week high of $41.41. The firm has a 50-day moving average price of $35.63 and a two-hundred day moving average price of $37.24. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 0.64. The firm has a market cap of $13.64 billion, a P/E ratio of 34.12, a PEG ratio of 3.56 and a beta of 0.78.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $0.45 EPS for the quarter, topping the consensus estimate of $0.15 by $0.30. The firm had revenue of $436.59 million during the quarter, compared to analyst estimates of $442.02 million. American Homes 4 Rent had a net margin of 23.86% and a return on equity of 5.33%. On average, research analysts anticipate that American Homes 4 Rent will post 1.85 earnings per share for the current year.

American Homes 4 Rent Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.26%. This is an increase from American Homes 4 Rent's previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Friday, March 14th. American Homes 4 Rent's dividend payout ratio (DPR) is 111.11%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on AMH. Morgan Stanley upgraded American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $39.00 to $40.00 in a research report on Friday, January 24th. Keefe, Bruyette & Woods dropped their target price on shares of American Homes 4 Rent from $39.00 to $38.00 and set a "market perform" rating for the company in a report on Wednesday, November 6th. Scotiabank downgraded shares of American Homes 4 Rent from a "sector outperform" rating to a "sector perform" rating and set a $38.00 price target for the company. in a research report on Thursday, January 23rd. Barclays lowered their price target on American Homes 4 Rent from $39.00 to $37.00 and set an "equal weight" rating on the stock in a report on Friday, January 24th. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $41.00 price objective on shares of American Homes 4 Rent in a report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $40.47.

American Homes 4 Rent Profile

American Homes 4 Rent operates as a real estate investment trust. It engages in the acquisition, renovation, leasing, and operating of single-family homes as rental properties. The company was founded by Bradley Wayne Hughes, Sr. on October 19, 2012 and is headquartered in Las Vegas, NV.