Sanctuary Advisors LLC Sells 10,441 Shares of American Homes 4 Rent (NYSE:AMH)

Sanctuary Advisors LLC cut its position in American Homes 4 Rent (NYSE:AMH - Free Report) by 51.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,793 shares of the real estate investment trust's stock after selling 10,441 shares during the quarter. Sanctuary Advisors LLC's holdings in American Homes 4 Rent were worth $338,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in AMH. TCW Group Inc. bought a new stake in shares of American Homes 4 Rent in the third quarter valued at about $962,000. Catalyst Capital Advisors LLC bought a new stake in American Homes 4 Rent in the 3rd quarter valued at about $53,000. Swedbank AB boosted its holdings in American Homes 4 Rent by 25.0% in the 3rd quarter. Swedbank AB now owns 500,000 shares of the real estate investment trust's stock valued at $19,195,000 after purchasing an additional 100,000 shares during the period. JPMorgan Chase & Co. grew its position in shares of American Homes 4 Rent by 1.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 13,115,483 shares of the real estate investment trust's stock worth $503,503,000 after purchasing an additional 214,242 shares in the last quarter. Finally, Neo Ivy Capital Management bought a new position in shares of American Homes 4 Rent during the third quarter worth approximately $1,456,000. 91.87% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

AMH has been the topic of a number of analyst reports. Evercore ISI raised American Homes 4 Rent from an "in-line" rating to an "outperform" rating and increased their price target for the stock from $41.00 to $42.00 in a research report on Monday, November 11th. JMP Securities reiterated a "market outperform" rating and set a $41.00 price target on shares of American Homes 4 Rent in a research report on Tuesday, January 14th. Scotiabank lowered American Homes 4 Rent from a "sector outperform" rating to a "sector perform" rating and set a $38.00 price target on the stock. in a research note on Thursday, January 23rd. Barclays reduced their price objective on American Homes 4 Rent from $39.00 to $37.00 and set an "equal weight" rating on the stock in a research note on Friday, January 24th. Finally, StockNews.com cut shares of American Homes 4 Rent from a "hold" rating to a "sell" rating in a report on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $40.47.

American Homes 4 Rent Trading Up 0.6 %

Shares of NYSE AMH opened at $37.23 on Tuesday. The firm has a 50 day moving average price of $35.64 and a two-hundred day moving average price of $37.27. The stock has a market cap of $13.78 billion, a P/E ratio of 34.47, a price-to-earnings-growth ratio of 3.56 and a beta of 0.78. American Homes 4 Rent has a 52-week low of $34.01 and a 52-week high of $41.41. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.58 and a current ratio of 0.76.

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

American Homes 4 Rent Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.30 per share. 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. The ex-dividend date is Friday, March 14th. American Homes 4 Rent's dividend payout ratio (DPR) is 111.11%.

Insider Activity at American Homes 4 Rent

In other news, Director Douglas N. Benham bought 3,286 shares of the company's stock in a transaction that occurred on Thursday, December 5th. The shares were acquired at an average price of $24.49 per share, for a total transaction of $80,474.14. Following the completion of the acquisition, the director now directly owns 41,946 shares in the company, 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 link. 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 sale, the chief operating officer now directly owns 125,580 shares in the company, valued at $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 currently owned by company insiders.

About American Homes 4 Rent

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.

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