B&I Capital AG Cuts Stake in American Homes 4 Rent (NYSE:AMH)

B&I Capital AG lessened its stake in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 59.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 131,400 shares of the real estate investment trust's stock after selling 192,858 shares during the quarter. American Homes 4 Rent comprises 1.6% of B&I Capital AG's investment portfolio, making the stock its 22nd biggest holding. B&I Capital AG's holdings in American Homes 4 Rent were worth $4,917,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently made changes to their positions in the company. Jones Financial Companies Lllp boosted its holdings in American Homes 4 Rent by 56.6% in the fourth quarter. Jones Financial Companies Lllp now owns 1,084 shares of the real estate investment trust's stock worth $41,000 after acquiring an additional 392 shares in the last quarter. Metis Global Partners LLC lifted its stake in shares of American Homes 4 Rent by 10.9% in the fourth quarter. Metis Global Partners LLC now owns 40,540 shares of the real estate investment trust's stock valued at $1,517,000 after buying an additional 3,976 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in shares of American Homes 4 Rent during the fourth quarter worth about $775,000. Oregon Public Employees Retirement Fund boosted its holdings in American Homes 4 Rent by 1.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 64,583 shares of the real estate investment trust's stock worth $2,417,000 after acquiring an additional 843 shares during the last quarter. Finally, National Pension Service purchased a new position in shares of American Homes 4 Rent in the 4th quarter worth approximately $30,000. 91.87% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on AMH. Evercore ISI upgraded American Homes 4 Rent from an "in-line" rating to an "outperform" rating and lifted their price target for the stock from $41.00 to $42.00 in a report on Monday, November 11th. Keefe, Bruyette & Woods lowered their target price on 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. Morgan Stanley upgraded shares of American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $39.00 to $40.00 in a research report on Friday, January 24th. Deutsche Bank Aktiengesellschaft lowered shares of American Homes 4 Rent from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $40.00 to $37.00 in a research report on Tuesday, January 21st. Finally, 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 for the company. in a research note on Thursday, January 23rd. One analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $40.47.

American Homes 4 Rent Price Performance

Shares of AMH traded up $0.22 during midday trading on Monday, hitting $37.23. 2,610,047 shares of the company traded hands, compared to its average volume of 2,494,328. American Homes 4 Rent has a one year low of $34.01 and a one year high of $41.41. The firm has a market cap of $13.78 billion, a P/E ratio of 34.47, a PEG ratio of 3.56 and a beta of 0.78. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.76 and a quick ratio of 0.58. The stock has a 50-day moving average of $35.64 and a 200-day moving average of $37.27.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last posted its earnings results on Thursday, February 20th. The real estate investment trust reported $0.45 earnings per share for the quarter, topping analysts' consensus estimates of $0.15 by $0.30. American Homes 4 Rent had a net margin of 23.86% and a return on equity of 5.33%. The business had revenue of $436.59 million for the quarter, compared to analyst estimates of $442.02 million. As a group, sell-side analysts predict that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

American Homes 4 Rent Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from American Homes 4 Rent's previous quarterly dividend of $0.26. American Homes 4 Rent's dividend payout ratio (DPR) is 111.11%.

Insider Activity at American Homes 4 Rent

In related news, Director Douglas N. Benham purchased 3,286 shares of the firm's stock in a transaction dated Thursday, December 5th. The shares were purchased at an average price of $24.49 per share, with a total value of $80,474.14. Following the acquisition, the director now directly owns 41,946 shares of the company's stock, valued at approximately $1,027,257.54. This represents a 8.50 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Bryan Smith sold 40,000 shares of the firm's stock in a transaction 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 sale, the chief operating officer now owns 125,580 shares in the company, valued at approximately $4,746,924. This trade represents a 24.16 % decrease in their position. The disclosure for this sale can be found here. 6.32% of the stock is owned by corporate insiders.

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.