JPMorgan Chase & Co. Purchases 214,242 Shares of American Homes 4 Rent (NYSE:AMH)

JPMorgan Chase & Co. raised its position in American Homes 4 Rent (NYSE:AMH) by 1.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 13,115,483 shares of the real estate investment trust’s stock after purchasing an additional 214,242 shares during the period. JPMorgan Chase & Co.’s holdings in American Homes 4 Rent were worth $503,503,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the company. Retirement Systems of Alabama boosted its position in shares of American Homes 4 Rent by 2.0% during the 3rd quarter. Retirement Systems of Alabama now owns 797,615 shares of the real estate investment trust’s stock valued at $30,620,000 after acquiring an additional 15,931 shares in the last quarter. Tidal Investments LLC boosted its holdings in American Homes 4 Rent by 39.4% during the third quarter. Tidal Investments LLC now owns 16,457 shares of the real estate investment trust’s stock valued at $632,000 after purchasing an additional 4,649 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in shares of American Homes 4 Rent in the 3rd quarter valued at approximately $762,000. TCW Group Inc. acquired a new position in shares of American Homes 4 Rent in the 3rd quarter worth approximately $962,000. Finally, Toronto Dominion Bank lifted its position in shares of American Homes 4 Rent by 31.4% during the 3rd quarter. Toronto Dominion Bank now owns 41,410 shares of the real estate investment trust’s stock worth $1,590,000 after buying an additional 9,899 shares during the period. Institutional investors own 91.87% of the company’s stock.

Insider Buying and Selling at American Homes 4 Rent

In other American Homes 4 Rent news, COO Bryan Smith sold 40,000 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of $37.80, for a total value of $1,512,000.00. Following the sale, the chief operating officer now directly owns 125,580 shares in the company, valued at approximately $4,746,924. This trade represents a 24.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Douglas N. Benham purchased 3,286 shares of the firm’s stock in a transaction dated Thursday, December 5th. The stock was purchased at an average cost of $24.49 per share, with a total value of $80,474.14. Following the acquisition, the director now directly owns 41,946 shares in the company, valued at $1,027,257.54. This trade represents a 8.50 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 6.32% of the company’s stock.

American Homes 4 Rent Stock Down 0.1 %

Shares of NYSE AMH opened at $37.10 on Friday. American Homes 4 Rent has a 1 year low of $33.75 and a 1 year high of $41.41. The firm’s 50-day moving average is $37.34 and its 200-day moving average is $37.64. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $13.71 billion, a PE ratio of 38.65, a price-to-earnings-growth ratio of 3.33 and a beta of 0.78.

American Homes 4 Rent (NYSE:AMH) 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%. American Homes 4 Rent’s revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.41 earnings per share. Equities analysts expect that American Homes 4 Rent will post 1.77 EPS for the current year.

American Homes 4 Rent Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.04 dividend on an annualized basis and a yield of 2.80%. American Homes 4 Rent’s dividend payout ratio is presently 108.33%.

Analyst Upgrades and Downgrades

AMH has been the subject of several recent analyst reports. Mizuho increased their price objective on American Homes 4 Rent from $39.00 to $40.00 and gave the stock an “outperform” rating in a research note on Thursday, October 10th. The Goldman Sachs Group initiated coverage on shares of 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. StockNews.com cut shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Tuesday, December 3rd. Evercore ISI upgraded shares of American Homes 4 Rent from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $41.00 to $42.00 in a research note on Monday, November 11th. Finally, JPMorgan Chase & Co. increased their price target on American Homes 4 Rent from $38.00 to $43.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, American Homes 4 Rent has a consensus rating of “Moderate Buy” and an average target price of $41.38.

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.