Gateway Investment Advisers LLC Has $9.06 Million Stake in American Homes 4 Rent (NYSE:AMH)

Gateway Investment Advisers LLC decreased its position in American Homes 4 Rent (NYSE:AMH - Free Report) by 31.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 242,095 shares of the real estate investment trust's stock after selling 110,737 shares during the quarter. Gateway Investment Advisers LLC owned 0.07% of American Homes 4 Rent worth $9,059,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Maryland Capital Advisors Inc. acquired a new position in American Homes 4 Rent during the 3rd quarter worth approximately $25,000. UMB Bank n.a. lifted its holdings in shares of American Homes 4 Rent by 331.9% during the 3rd quarter. UMB Bank n.a. now owns 786 shares of the real estate investment trust's stock valued at $30,000 after acquiring an additional 604 shares in the last quarter. Assetmark Inc. grew its position in 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 valued at $39,000 after acquiring an additional 790 shares in the last quarter. V Square Quantitative Management LLC boosted its holdings in American Homes 4 Rent by 31.6% in the third quarter. V Square Quantitative Management LLC now owns 1,144 shares of the real estate investment trust's stock valued at $44,000 after purchasing an additional 275 shares during the last quarter. Finally, Catalyst Capital Advisors LLC bought a new position in American Homes 4 Rent during the 3rd quarter valued at $53,000. Institutional investors and hedge funds own 91.87% of the company's stock.

American Homes 4 Rent Stock Performance

NYSE:AMH traded up $0.33 during mid-day trading on Friday, reaching $35.19. The company's stock had a trading volume of 1,624,936 shares, compared to its average volume of 2,371,176. The firm's fifty day moving average price is $37.08 and its two-hundred day moving average price is $37.64. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.59. The stock has a market cap of $13.00 billion, a P/E ratio of 36.66, a PEG ratio of 2.96 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 (NYSE:AMH - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by ($0.23). The firm had revenue of $445.06 million during the quarter, compared to analyst estimates of $443.81 million. American Homes 4 Rent had a net margin of 21.51% and a return on equity of 4.76%. The firm's revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.41 earnings per share. On average, equities analysts forecast that American Homes 4 Rent will post 1.77 EPS for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a $0.26 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.04 annualized dividend and a yield of 2.96%. 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 the company's stock in a transaction on 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 sale, the chief operating officer now directly owns 125,580 shares in the company, valued at $4,746,924. This represents a 24.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Douglas N. Benham purchased 3,286 shares of the company's stock in a transaction that occurred on Thursday, December 5th. The shares were bought at an average cost of $24.49 per share, with a total value of $80,474.14. Following the transaction, the director now directly owns 41,946 shares of the company's stock, 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. 6.05% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

AMH has been the subject of a number of recent analyst reports. StockNews.com lowered American Homes 4 Rent from a "hold" rating to a "sell" rating in a report on Tuesday, December 3rd. Barclays initiated coverage on American Homes 4 Rent in a research report on Tuesday, December 17th. They issued an "equal weight" rating and a $39.00 price target for the company. JMP Securities reiterated a "market outperform" rating and issued a $41.00 target price on shares of American Homes 4 Rent in a research note on Tuesday. Mizuho boosted their target price on shares of American Homes 4 Rent from $39.00 to $40.00 and gave the stock an "outperform" rating in a research report on Thursday, October 10th. Finally, Keefe, Bruyette & Woods reduced their price objective on American Homes 4 Rent from $39.00 to $38.00 and set a "market perform" rating for the company in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $41.40.

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.