Insider Selling: American Homes 4 Rent (NYSE:AMH) COO Sells 40,000 Shares of Stock

American Homes 4 Rent (NYSE:AMH) COO Bryan Smith sold 40,000 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $37.80, for a total value of $1,512,000.00. Following the completion of the sale, the chief operating officer now owns 125,580 shares of the company’s stock, valued at $4,746,924. The trade was a 24.16 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

American Homes 4 Rent Trading Down 0.3 %

NYSE:AMH traded down $0.12 during midday trading on Tuesday, hitting $37.57. 3,410,651 shares of the company traded hands, compared to its average volume of 2,520,874. 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’s fifty day moving average is $37.56 and its 200-day moving average is $37.55. The firm has a market capitalization of $13.88 billion, a P/E ratio of 39.25, a P/E/G ratio of 3.29 and a beta of 0.78. American Homes 4 Rent has a 12-month low of $33.75 and a 12-month high of $41.41.

American Homes 4 Rent (NYSE:AMH) last announced its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.23). American Homes 4 Rent had a net margin of 21.51% and a return on equity of 4.76%. The firm had revenue of $445.06 million during the quarter, compared to analysts’ expectations of $443.81 million. During the same period in the prior year, the company posted $0.41 EPS. The company’s revenue was up 5.5% compared to the same quarter last year. On average, sell-side analysts predict that American Homes 4 Rent will post 1.77 EPS for the current year.

American Homes 4 Rent Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.04 annualized dividend and a dividend yield of 2.77%. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 108.33%.

Institutional Investors Weigh In On American Homes 4 Rent

Hedge funds and other institutional investors have recently modified their holdings of the business. Maryland Capital Advisors Inc. purchased a new position in American Homes 4 Rent in the 3rd quarter worth about $25,000. UMB Bank n.a. increased its position in shares of American Homes 4 Rent by 331.9% during the third quarter. UMB Bank n.a. now owns 786 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 604 shares during the period. V Square Quantitative Management LLC purchased a new position in shares of American Homes 4 Rent during the second quarter worth approximately $32,000. Assetmark Inc. raised its stake in shares of American Homes 4 Rent by 359.1% during the third quarter. Assetmark Inc. now owns 1,010 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 790 shares in the last quarter. Finally, Wetzel Investment Advisors Inc. purchased a new stake in shares of American Homes 4 Rent in the second quarter valued at approximately $44,000. 91.87% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Wells Fargo & Company upgraded American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $36.00 to $42.00 in a research report on Monday, August 26th. UBS Group boosted their price target on shares of American Homes 4 Rent from $37.00 to $40.00 and gave the stock a “neutral” rating in a research note on Friday, August 16th. Scotiabank restated an “outperform” rating and set a $42.00 price objective on shares of American Homes 4 Rent in a research report on Wednesday, August 21st. JPMorgan Chase & Co. lifted their target price on American Homes 4 Rent from $38.00 to $43.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. Finally, Keefe, Bruyette & Woods dropped their price target on American Homes 4 Rent from $39.00 to $38.00 and set a “market perform” rating for the company in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.60.

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.