Lord Abbett & CO. LLC Has $37.58 Million Stake in American Homes 4 Rent (NYSE:AMH)

Lord Abbett & CO. LLC lowered its holdings in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 42.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 979,004 shares of the real estate investment trust's stock after selling 713,040 shares during the period. Lord Abbett & CO. LLC owned approximately 0.26% of American Homes 4 Rent worth $37,584,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in AMH. Maryland Capital Advisors Inc. acquired a new position in shares of American Homes 4 Rent during the 3rd quarter valued at $25,000. UMB Bank n.a. grew its holdings in American Homes 4 Rent by 331.9% during the third quarter. UMB Bank n.a. now owns 786 shares of the real estate investment trust's stock worth $30,000 after acquiring an additional 604 shares during the period. Assetmark Inc. grew its holdings in American Homes 4 Rent by 359.1% during the third quarter. Assetmark Inc. now owns 1,010 shares of the real estate investment trust's stock worth $39,000 after acquiring an additional 790 shares during the period. Wetzel Investment Advisors Inc. bought a new stake in American Homes 4 Rent in the second quarter worth about $44,000. Finally, V Square Quantitative Management LLC lifted its holdings in American Homes 4 Rent by 31.6% in the 3rd quarter. V Square Quantitative Management LLC now owns 1,144 shares of the real estate investment trust's stock valued at $44,000 after acquiring an additional 275 shares during the last quarter. Institutional investors and hedge funds own 91.87% of the company's stock.

Insider Activity

In related news, COO Bryan Smith sold 40,000 shares of American Homes 4 Rent stock in a transaction dated 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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Douglas N. Benham acquired 3,286 shares of the company's stock in a transaction on Thursday, December 5th. The stock was acquired at an average price of $24.49 per share, for a total transaction of $80,474.14. Following the purchase, the director now directly owns 41,946 shares of the company's stock, valued at approximately $1,027,257.54. This trade represents a 8.50 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 6.32% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Wells Fargo & Company raised American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $36.00 to $42.00 in a research note on Monday, August 26th. Scotiabank reiterated an "outperform" rating and set a $42.00 price target on shares of American Homes 4 Rent in a report on Wednesday, August 21st. Mizuho upped their price target on 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. JPMorgan Chase & Co. lifted their target price on American Homes 4 Rent from $38.00 to $43.00 and gave the company a "neutral" rating in a research note on Monday, September 16th. Finally, JMP Securities reiterated a "market outperform" rating and issued a $41.00 target price on shares of American Homes 4 Rent in a report on Wednesday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $41.56.

American Homes 4 Rent Trading Down 0.9 %

AMH stock traded down $0.33 during midday trading on Friday, hitting $37.37. 2,634,504 shares of the company's stock were exchanged, compared to its average volume of 2,530,028. American Homes 4 Rent has a one year low of $33.75 and a one year high of $41.41. The stock's fifty day moving average price is $37.52 and its 200-day moving average price is $37.60. The company has a market cap of $13.81 billion, a PE ratio of 38.93, a price-to-earnings-growth ratio of 3.33 and a beta of 0.78. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.58 and a current ratio of 0.58.

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 (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.23). American Homes 4 Rent had a net margin of 21.51% and a return on equity of 4.76%. The business had revenue of $445.06 million during the quarter, compared to analyst estimates of $443.81 million. During the same quarter in the prior year, the firm posted $0.41 earnings per share. American Homes 4 Rent's revenue for the quarter was up 5.5% compared to the same quarter last year. Research analysts predict that American Homes 4 Rent will post 1.77 earnings per share for the current fiscal year.

American Homes 4 Rent Announces Dividend

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

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.