KBC Group NV Trims Stock Position in American Homes 4 Rent (NYSE:AMH)

KBC Group NV decreased its position in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 57.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 162,159 shares of the real estate investment trust's stock after selling 216,660 shares during the period. KBC Group NV's holdings in American Homes 4 Rent were worth $6,068,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. TCW Group Inc. acquired a new position in American Homes 4 Rent during the 3rd quarter valued at approximately $962,000. Catalyst Capital Advisors LLC acquired a new position in American Homes 4 Rent during the 3rd quarter valued at approximately $53,000. Swedbank AB increased its stake in American Homes 4 Rent by 25.0% during the 3rd quarter. Swedbank AB now owns 500,000 shares of the real estate investment trust's stock valued at $19,195,000 after purchasing an additional 100,000 shares in the last quarter. JPMorgan Chase & Co. increased its stake in American Homes 4 Rent by 1.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 13,115,483 shares of the real estate investment trust's stock valued at $503,503,000 after purchasing an additional 214,242 shares in the last quarter. Finally, Neo Ivy Capital Management acquired a new stake in shares of American Homes 4 Rent in the third quarter worth $1,456,000. Hedge funds and other institutional investors own 91.87% of the company's stock.

Insider Transactions at American Homes 4 Rent

In related news, COO Bryan Smith sold 40,000 shares of the firm's stock in a transaction dated 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 directly owns 125,580 shares in the company, valued at approximately $4,746,924. This trade represents a 24.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Douglas N. Benham purchased 3,286 shares of the company's stock in a transaction on Thursday, December 5th. The shares were bought at an average price of $24.49 per share, with a total value of $80,474.14. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this purchase can be found here. Insiders own 6.05% of the company's stock.

American Homes 4 Rent Price Performance

Shares of NYSE:AMH traded down $0.12 during midday trading on Monday, hitting $34.51. The company's stock had a trading volume of 1,970,031 shares, compared to its average volume of 2,457,446. The business's 50 day simple moving average is $36.50 and its 200 day simple moving average is $37.50. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.58 and a current ratio of 0.58. The company has a market cap of $12.75 billion, a P/E ratio of 35.95, a price-to-earnings-growth ratio of 3.38 and a beta of 0.78. American Homes 4 Rent has a 12-month low of $33.75 and a 12-month high of $41.41.

American Homes 4 Rent Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 3.01%. The ex-dividend date of this dividend was Friday, December 13th. American Homes 4 Rent's dividend payout ratio is currently 108.33%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AMH. JMP Securities reiterated a "market outperform" rating and issued a $41.00 price objective on shares of American Homes 4 Rent in a research note on Tuesday, January 14th. StockNews.com lowered shares of American Homes 4 Rent from a "hold" rating to a "sell" rating in a research note on Tuesday, December 3rd. Keefe, Bruyette & Woods cut 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 research note on Wednesday, November 6th. Scotiabank lowered shares of American Homes 4 Rent from a "sector outperform" rating to a "sector perform" rating and set a $38.00 price target on the stock. in a research report on Thursday, January 23rd. Finally, Mizuho raised 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 research report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $40.67.

American Homes 4 Rent Company 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.