American Homes 4 Rent (NYSE:AMH) Stock Holdings Lifted by Desjardins Global Asset Management Inc.

Desjardins Global Asset Management Inc. raised its stake in American Homes 4 Rent (NYSE:AMH) by 198.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,217 shares of the real estate investment trust’s stock after buying an additional 2,803 shares during the period. Desjardins Global Asset Management Inc.’s holdings in American Homes 4 Rent were worth $152,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. VisionPoint Advisory Group LLC bought a new position in shares of American Homes 4 Rent in the third quarter valued at $26,000. Blue Trust Inc. increased its holdings 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 buying an additional 873 shares in the last quarter. Sunbelt Securities Inc. bought a new position in shares of American Homes 4 Rent in the first quarter valued at $33,000. Tobam increased 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 valued at $35,000 after buying an additional 921 shares in the last quarter. Finally, Castleview Partners LLC grew its position in American Homes 4 Rent by 2,540.0% during the 3rd quarter. Castleview Partners LLC now owns 1,188 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 1,143 shares in the last quarter. Institutional investors own 91.87% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on AMH shares. Citigroup upgraded shares of American Homes 4 Rent from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $37.00 to $41.00 in a research report on Friday, March 22nd. Raymond James lifted their price objective on shares of American Homes 4 Rent from $40.00 to $41.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th. BNP Paribas started coverage on shares of American Homes 4 Rent in a research report on Monday, January 22nd. They set an “outperform” rating and a $42.00 price objective on the stock. StockNews.com cut shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th. Finally, Mizuho lifted their price objective on shares of 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. One 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $39.67.

American Homes 4 Rent Trading Up 1.1 %

Shares of NYSE:AMH opened at $35.05 on Friday. The stock has a market capitalization of $12.83 billion, a PE ratio of 35.05, a P/E/G ratio of 2.66 and a beta of 0.70. American Homes 4 Rent has a 1 year low of $31.36 and a 1 year high of $37.97. The firm has a fifty day moving average price of $35.83 and a 200 day moving average price of $35.36. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.58.

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 $0.26 dividend. The ex-dividend date was Thursday, March 14th. This is a boost from American Homes 4 Rent’s previous quarterly dividend of $0.22. This represents a $1.04 dividend on an annualized basis and a yield of 2.97%. American Homes 4 Rent’s dividend payout ratio is currently 104.00%.

Insider Buying and Selling

In related news, CAO Brian Reitz sold 3,000 shares of the company’s stock in a transaction on 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 in the company, valued at $1,255,736.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 on Monday, February 26th. The shares were sold at an average price of $35.53, for a total transaction of $106,590.00. Following the completion of the transaction, the chief accounting officer now owns 35,343 shares of the company’s stock, valued at approximately $1,255,736.79. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Bryan Smith sold 50,000 shares of the business’s stock in a transaction 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 transaction, the chief operating officer now directly owns 125,580 shares of the company’s stock, valued at approximately $4,617,576.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 60,263 shares of company stock worth $2,212,078. Corporate 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.