Sanctuary Advisors LLC Buys New Holdings in American Homes 4 Rent (NYSE:AMH)

Sanctuary Advisors LLC acquired a new position in shares of American Homes 4 Rent (NYSE:AMH - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,234 shares of the real estate investment trust's stock, valued at approximately $762,000.

A number of other large investors have also recently bought and sold shares of AMH. TCW Group Inc. acquired a new stake in American Homes 4 Rent in the third quarter valued at about $962,000. Marshall Wace LLP acquired a new stake in American Homes 4 Rent in the second quarter valued at approximately $17,367,000. Catalyst Capital Advisors LLC bought a new stake in shares of American Homes 4 Rent during the third quarter worth $53,000. Bank of Montreal Can increased its holdings in shares of American Homes 4 Rent by 6.6% during the second quarter. Bank of Montreal Can now owns 307,377 shares of the real estate investment trust's stock worth $11,437,000 after buying an additional 19,143 shares in the last quarter. Finally, Neo Ivy Capital Management bought a new position in shares of American Homes 4 Rent in the 3rd quarter valued at $1,456,000. 91.87% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on AMH shares. JMP Securities reiterated a "market outperform" rating and issued a $41.00 target price on shares of American Homes 4 Rent in a research report on Wednesday, December 11th. The Goldman Sachs Group began coverage on American Homes 4 Rent in a report on Wednesday, September 4th. They set a "buy" rating and a $48.00 price target for the company. Evercore ISI raised American Homes 4 Rent from an "in-line" rating to an "outperform" rating and boosted their price target for the company from $41.00 to $42.00 in a research note on Monday, November 11th. StockNews.com downgraded shares of American Homes 4 Rent from a "hold" rating to a "sell" rating in a research note on Tuesday, December 3rd. Finally, Wells Fargo & Company raised American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $36.00 to $42.00 in a research note on Monday, August 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, American Homes 4 Rent has an average rating of "Moderate Buy" and an average target price of $41.38.

American Homes 4 Rent Stock Performance

Shares of NYSE AMH traded up $0.32 during midday trading on Tuesday, reaching $37.15. The company's stock had a trading volume of 516,082 shares, compared to its average volume of 2,536,209. The stock has a market capitalization of $13.73 billion, a P/E ratio of 38.70, a PEG ratio of 3.33 and a beta of 0.78. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.58 and a quick ratio of 0.58. The firm has a 50 day moving average price of $37.39 and a 200-day moving average price of $37.64. 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 (EPS) for the quarter, missing analysts' consensus estimates of $0.43 by ($0.23). The business had revenue of $445.06 million during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the company earned $0.41 EPS. As a group, equities analysts predict that American Homes 4 Rent will post 1.77 earnings per share for the current year.

American Homes 4 Rent Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a $0.26 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.04 annualized dividend and a dividend yield of 2.80%. American Homes 4 Rent's payout ratio is presently 108.33%.

Insider Activity

In other American Homes 4 Rent news, Director Douglas N. Benham bought 3,286 shares of the stock in a transaction on Thursday, December 5th. The shares were acquired 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 $1,027,257.54. The trade was a 8.50 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Bryan Smith sold 40,000 shares of the firm's stock in a transaction dated 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 completion of the transaction, 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. Insiders own 6.05% of the company's stock.

American Homes 4 Rent 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.