Naviter Wealth LLC Purchases 523 Shares of American Homes 4 Rent (NYSE:AMH)

Naviter Wealth LLC lifted its stake in American Homes 4 Rent (NYSE:AMH) by 2.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,157 shares of the real estate investment trust’s stock after acquiring an additional 523 shares during the quarter. Naviter Wealth LLC’s holdings in American Homes 4 Rent were worth $741,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. VisionPoint Advisory Group LLC bought a new stake in American Homes 4 Rent during the third quarter valued at approximately $26,000. Blue Trust Inc. lifted its holdings in American Homes 4 Rent by 1,091.3% during the fourth quarter. Blue Trust Inc. now owns 953 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 873 shares in the last quarter. Tobam lifted its holdings in shares of American Homes 4 Rent by 2,192.9% in the fourth quarter. Tobam now owns 963 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 921 shares in the last quarter. GAMMA Investing LLC purchased a new position in shares of American Homes 4 Rent in the fourth quarter worth $44,000. Finally, Capital Analysts LLC lifted its holdings in shares of 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 worth $52,000 after buying an additional 528 shares in the last quarter. 91.87% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other American Homes 4 Rent news, Director Douglas N. Benham acquired 3,500 shares of the company’s stock in a transaction dated Wednesday, May 8th. The shares were acquired at an average price of $23.00 per share, for a total transaction of $80,500.00. Following the acquisition, the director now owns 37,997 shares in the company, valued at approximately $873,931. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Douglas N. Benham bought 3,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The stock was purchased at an average cost of $23.00 per share, with a total value of $80,500.00. Following the transaction, the director now directly owns 37,997 shares in the company, valued at $873,931. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Jack E. Corrigan bought 10,000 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The stock was purchased at an average cost of $22.78 per share, with a total value of $227,800.00. Following the completion of the transaction, the director now owns 10,000 shares in the company, valued at $227,800. The disclosure for this purchase can be found here. 6.05% of the stock is owned by company insiders.

American Homes 4 Rent Stock Down 0.2 %

Shares of AMH opened at $37.34 on Wednesday. The stock has a 50 day moving average price of $36.14 and a 200 day moving average price of $35.87. The stock has a market capitalization of $13.68 billion, a price-to-earnings ratio of 38.10, a PEG ratio of 3.13 and a beta of 0.74. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.59 and a current ratio of 0.59. American Homes 4 Rent has a one year low of $31.36 and a one year high of $37.97.

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

American Homes 4 Rent Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were issued a dividend of $0.26 per share. The ex-dividend date was Friday, June 14th. This represents a $1.04 annualized dividend and a yield of 2.79%. American Homes 4 Rent’s dividend payout ratio (DPR) is 106.12%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Barclays decreased their price target on shares of American Homes 4 Rent from $43.00 to $42.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 29th. Scotiabank upped their price target on shares of American Homes 4 Rent from $39.00 to $41.00 and gave the company a “sector outperform” rating in a research note on Thursday, May 16th. Keefe, Bruyette & Woods upped their price target on shares of American Homes 4 Rent from $38.00 to $39.00 and gave the company a “market perform” rating in a research note on Monday, May 13th. Raymond James increased their target price on shares of American Homes 4 Rent from $40.00 to $41.00 and gave the company an “outperform” rating in a research note on Thursday, March 28th. Finally, Mizuho lifted their price target on shares of American Homes 4 Rent from $37.00 to $39.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.53.

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.