278,354 Shares in American Homes 4 Rent (NYSE:AMH) Acquired by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp acquired a new position in shares of American Homes 4 Rent (NYSE:AMH - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 278,354 shares of the real estate investment trust's stock, valued at approximately $10,238,000. Texas Permanent School Fund Corp owned 0.08% of American Homes 4 Rent at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. VisionPoint Advisory Group LLC acquired a new stake in shares of American Homes 4 Rent during the 3rd quarter worth $26,000. Blue Trust Inc. raised its position in shares of American Homes 4 Rent by 1,091.3% in the 4th quarter. Blue Trust Inc. now owns 953 shares of the real estate investment trust's stock valued at $32,000 after buying an additional 873 shares in the last quarter. Tobam lifted its holdings in shares of American Homes 4 Rent by 2,192.9% during the 4th quarter. Tobam now owns 963 shares of the real estate investment trust's stock worth $35,000 after acquiring an additional 921 shares during the period. GAMMA Investing LLC acquired a new stake in shares of American Homes 4 Rent during the 4th quarter worth approximately $44,000. Finally, Capital Analysts LLC increased its stake in American Homes 4 Rent by 58.1% in the fourth quarter. Capital Analysts LLC now owns 1,436 shares of the real estate investment trust's stock valued at $52,000 after acquiring an additional 528 shares during the last quarter. Institutional investors and hedge funds own 91.87% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Barclays reduced their target price on American Homes 4 Rent from $43.00 to $42.00 and set an "overweight" rating on the stock in a report on Wednesday, May 29th. Evercore ISI upped their price objective on shares of American Homes 4 Rent from $38.00 to $39.00 and gave the stock an "in-line" rating in a research report on Tuesday. Keefe, Bruyette & Woods boosted their target price on shares of American Homes 4 Rent from $38.00 to $39.00 and gave the stock a "market perform" rating in a research note on Monday, May 13th. Mizuho increased their price target on American Homes 4 Rent from $37.00 to $39.00 and gave the company a "buy" rating in a research note on Wednesday, March 20th. Finally, JPMorgan Chase & Co. increased their target price on American Homes 4 Rent from $37.00 to $38.00 and gave the company a "neutral" rating in a research report on Monday, June 17th. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $39.73.

Insider Buying and Selling

In other American Homes 4 Rent news, Director Douglas N. Benham purchased 3,500 shares of the firm's stock in a transaction on Wednesday, May 8th. The stock was acquired at an average price of $23.00 per share, for a total transaction of $80,500.00. Following the purchase, the director now owns 37,997 shares of the company's stock, valued at approximately $873,931. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Douglas N. Benham bought 3,500 shares of the business's stock in a transaction that occurred on Wednesday, May 8th. The shares were bought at an average price of $23.00 per share, with a total value of $80,500.00. Following the completion of the transaction, the director now directly owns 37,997 shares in the company, valued at $873,931. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jack E. Corrigan acquired 10,000 shares of the company's stock in a transaction on Monday, May 6th. The shares were bought at an average price of $22.78 per share, for a total transaction of $227,800.00. Following the completion of the purchase, the director now owns 10,000 shares in the company, valued at approximately $227,800. The disclosure for this purchase can be found here. 6.32% of the stock is owned by company insiders.

American Homes 4 Rent Trading Down 1.4 %

AMH stock traded down $0.52 during mid-day trading on Friday, reaching $36.03. The company's stock had a trading volume of 4,312,357 shares, compared to its average volume of 2,819,808. American Homes 4 Rent has a 12 month low of $31.36 and a 12 month high of $37.97. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.58. The business's 50 day moving average price is $36.32 and its 200 day moving average price is $35.93. The company has a market cap of $13.20 billion, a price-to-earnings ratio of 36.77, a price-to-earnings-growth ratio of 3.14 and a beta of 0.74.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last released its quarterly earnings data on Friday, May 10th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.13). The company had revenue of $423.56 million during the quarter, compared to the consensus estimate of $421.28 million. American Homes 4 Rent had a net margin of 22.55% and a return on equity of 5.00%. The business's revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.41 EPS. On average, equities research analysts predict that American Homes 4 Rent will post 1.74 EPS for the current year.

American Homes 4 Rent Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date was Friday, June 14th. American Homes 4 Rent's payout ratio is 106.12%.

About American Homes 4 Rent

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.