Russell Investments Group Ltd. Purchases 310,116 Shares of American Homes 4 Rent (NYSE:AMH)

Russell Investments Group Ltd. raised its position in American Homes 4 Rent (NYSE:AMH) by 12.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,798,291 shares of the real estate investment trust’s stock after acquiring an additional 310,116 shares during the period. Russell Investments Group Ltd.’s holdings in American Homes 4 Rent were worth $100,690,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. VisionPoint Advisory Group LLC purchased a new position in shares of American Homes 4 Rent in the third quarter valued at $26,000. Blue Trust Inc. grew its position in shares of American Homes 4 Rent by 1,091.3% in 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 grew its position 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 valued at $35,000 after purchasing an additional 921 shares in the last quarter. Castleview Partners LLC grew its position in shares of American Homes 4 Rent by 2,540.0% in the third quarter. Castleview Partners LLC now owns 1,188 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 1,143 shares in the last quarter. Finally, GAMMA Investing LLC purchased a new position in shares of American Homes 4 Rent in the fourth quarter valued at $44,000. 91.87% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AMH has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on American Homes 4 Rent in a research report on Tuesday, January 30th. They set a “buy” rating and a $40.00 target price for the company. Jefferies Financial Group upgraded American Homes 4 Rent from a “hold” rating to a “buy” rating and boosted their target price for the stock from $34.00 to $41.00 in a research report on Tuesday, January 2nd. Mizuho boosted their target price on American Homes 4 Rent from $37.00 to $39.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. Royal Bank of Canada restated an “outperform” rating and set a $39.00 target price on shares of American Homes 4 Rent in a research report on Monday, February 26th. Finally, BNP Paribas initiated coverage on American Homes 4 Rent in a research report on Monday, January 22nd. They set an “outperform” rating and a $42.00 target price for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $39.67.

American Homes 4 Rent Price Performance

Shares of AMH traded up $0.65 during midday trading on Friday, reaching $36.41. The stock had a trading volume of 1,530,466 shares, compared to its average volume of 1,875,864. The company’s 50-day moving average is $35.97 and its 200 day moving average is $35.45. American Homes 4 Rent has a 12-month low of $31.36 and a 12-month high of $37.97. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $13.33 billion, a price-to-earnings ratio of 36.41, a price-to-earnings-growth ratio of 2.80 and a beta of 0.70.

American Homes 4 Rent Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date of this dividend was Thursday, March 14th. This is a positive change from American Homes 4 Rent’s previous quarterly dividend of $0.22. American Homes 4 Rent’s payout ratio is 104.00%.

Insider Activity

In other news, COO Bryan Smith sold 50,000 shares of the business’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $36.77, for a total value of $1,838,500.00. Following the completion of the sale, the chief operating officer now owns 125,580 shares of the company’s stock, valued at approximately $4,617,576.60. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other American Homes 4 Rent news, COO Bryan Smith sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $36.77, for a total transaction of $1,838,500.00. Following the completion of the transaction, the chief operating officer now owns 125,580 shares of the company’s stock, valued at approximately $4,617,576.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Matthew J. Hart sold 7,263 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $36.76, for a total value of $266,987.88. Following the transaction, the director now directly owns 41,336 shares of the company’s stock, valued at approximately $1,519,511.36. The disclosure for this sale can be found here. In the last quarter, insiders sold 60,263 shares of company stock valued at $2,212,078. Insiders own 6.32% 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.