Machina Capital S.A.S. Makes New $419,000 Investment in American Homes 4 Rent (NYSE:AMH)

Machina Capital S.A.S. bought a new position in American Homes 4 Rent (NYSE:AMH) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 11,638 shares of the real estate investment trust’s stock, valued at approximately $419,000.

A number of other institutional investors have also added to or reduced their stakes in AMH. Vanguard Group Inc. increased its position in shares of American Homes 4 Rent by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 44,399,483 shares of the real estate investment trust’s stock valued at $1,495,819,000 after purchasing an additional 1,011,707 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of American Homes 4 Rent by 0.3% during the 3rd quarter. Principal Financial Group Inc. now owns 16,934,168 shares of the real estate investment trust’s stock valued at $570,509,000 after purchasing an additional 47,729 shares during the last quarter. FMR LLC increased its position in shares of American Homes 4 Rent by 3.7% during the 3rd quarter. FMR LLC now owns 8,111,434 shares of the real estate investment trust’s stock valued at $273,274,000 after purchasing an additional 287,245 shares during the last quarter. Deutsche Bank AG increased its position in shares of American Homes 4 Rent by 0.6% during the 3rd quarter. Deutsche Bank AG now owns 4,836,176 shares of the real estate investment trust’s stock valued at $162,931,000 after purchasing an additional 30,903 shares during the last quarter. Finally, Resolution Capital Ltd increased its position in shares of American Homes 4 Rent by 4.8% during the 3rd quarter. Resolution Capital Ltd now owns 4,616,552 shares of the real estate investment trust’s stock valued at $155,532,000 after purchasing an additional 212,758 shares during the last quarter. 91.87% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Royal Bank of Canada restated an “outperform” rating and set a $39.00 target price on shares of American Homes 4 Rent in a report on Monday, February 26th. Mizuho increased their target price on American Homes 4 Rent from $37.00 to $39.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. StockNews.com cut American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. Citigroup upgraded American Homes 4 Rent from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $37.00 to $41.00 in a report on Friday, March 22nd. Finally, BNP Paribas assumed coverage on American Homes 4 Rent in a report on Monday, January 22nd. They set an “outperform” rating and a $42.00 target price for the company. One investment 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 MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.67.

American Homes 4 Rent Price Performance

NYSE AMH traded up $0.31 during trading hours on Monday, reaching $36.07. The company’s stock had a trading volume of 3,949,176 shares, compared to its average volume of 3,327,701. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 0.58. American Homes 4 Rent has a 1 year low of $31.36 and a 1 year high of $37.97. The firm’s 50-day moving average price is $36.10 and its 200-day moving average price is $35.50. The company has a market capitalization of $13.21 billion, a price-to-earnings ratio of 36.82, a PEG ratio of 2.75 and a beta of 0.70.

American Homes 4 Rent (NYSE:AMH) last issued its earnings results on Friday, May 3rd. The real estate investment trust reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.13). The company had revenue of $423.56 million for the quarter, compared to the consensus estimate of $421.28 million. American Homes 4 Rent had a return on equity of 5.00% and a net margin of 22.55%. American Homes 4 Rent’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.41 EPS. On average, equities research analysts predict that American Homes 4 Rent will post 1.73 EPS for the current fiscal year.

American Homes 4 Rent Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.04 dividend on an annualized basis and a yield of 2.88%. This is a boost from American Homes 4 Rent’s previous quarterly dividend of $0.22. American Homes 4 Rent’s payout ratio is presently 106.12%.

Insider Buying and Selling at American Homes 4 Rent

In other news, CAO Brian Reitz sold 3,000 shares of American Homes 4 Rent stock in a transaction on Monday, February 26th. The stock was sold at an average price of $35.53, for a total transaction of $106,590.00. Following the completion of the sale, the chief accounting officer now directly owns 35,343 shares in the company, valued at $1,255,736.79. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other American Homes 4 Rent news, CAO Brian Reitz sold 3,000 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $35.53, for a total value of $106,590.00. Following the completion of the sale, the chief accounting officer now directly owns 35,343 shares of the company’s stock, valued at approximately $1,255,736.79. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Matthew J. Hart sold 7,263 shares of the business’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $36.76, for a total transaction of $266,987.88. Following the completion of the sale, the director now directly owns 41,336 shares of the company’s stock, valued at $1,519,511.36. The disclosure for this sale can be found here. Insiders have sold 60,263 shares of company stock valued at $2,212,078 in the last quarter. 6.05% of the stock is owned by insiders.

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.