Oppenheimer Asset Management Inc. Sells 15,972 Shares of American Homes 4 Rent (NYSE:AMH)

Oppenheimer Asset Management Inc. cut its holdings in American Homes 4 Rent (NYSE:AMH - Free Report) by 6.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 248,830 shares of the real estate investment trust's stock after selling 15,972 shares during the period. Oppenheimer Asset Management Inc. owned 0.07% of American Homes 4 Rent worth $9,311,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. National Pension Service acquired a new position in shares of American Homes 4 Rent during the fourth quarter worth approximately $30,000. Assetmark Inc. increased its position 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. Catalyst Capital Advisors LLC acquired a new position in American Homes 4 Rent during the 3rd quarter valued at $53,000. UMB Bank n.a. boosted its holdings in American Homes 4 Rent by 77.2% in the 4th quarter. UMB Bank n.a. now owns 1,393 shares of the real estate investment trust's stock valued at $52,000 after purchasing an additional 607 shares during the period. Finally, Loomis Sayles & Co. L P grew its position in American Homes 4 Rent by 3,136.2% in the 3rd quarter. Loomis Sayles & Co. L P now owns 1,521 shares of the real estate investment trust's stock worth $58,000 after purchasing an additional 1,474 shares during the last quarter. Institutional investors and hedge funds own 91.87% of the company's stock.

Insider Transactions at American Homes 4 Rent

In other news, Director Douglas N. Benham purchased 3,286 shares of the firm's stock in a transaction dated Thursday, December 5th. The stock was bought 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Bryan Smith sold 40,000 shares of the company'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 completion of the sale, the chief operating officer now owns 125,580 shares of the company's stock, valued at approximately $4,746,924. This 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.

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Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Morgan Stanley upgraded shares of American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $39.00 to $40.00 in a research note on Friday, January 24th. Keefe, Bruyette & Woods dropped 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 note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft downgraded shares of American Homes 4 Rent from a "buy" rating to a "hold" rating and reduced their target price for the company from $40.00 to $37.00 in a research note on Tuesday, January 21st. JMP Securities reissued a "market outperform" rating and set a $41.00 price target on shares of American Homes 4 Rent in a report on Tuesday, January 14th. Finally, Evercore ISI raised shares of American Homes 4 Rent from an "in-line" rating to an "outperform" rating and raised their price objective for the stock from $41.00 to $42.00 in a report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $40.47.

American Homes 4 Rent Trading Up 0.6 %

AMH stock traded up $0.22 during midday trading on Monday, reaching $37.23. The stock had a trading volume of 2,569,074 shares, compared to its average volume of 2,493,302. The firm has a market cap of $13.76 billion, a price-to-earnings ratio of 34.47, a PEG ratio of 3.56 and a beta of 0.78. American Homes 4 Rent has a twelve month low of $34.01 and a twelve month high of $41.41. The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 0.64. The business has a fifty day simple moving average of $35.64 and a two-hundred day simple moving average of $37.27.

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

American Homes 4 Rent Increases Dividend

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

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.