American Homes 4 Rent (NYSE:AMH) Shares Acquired by Toronto Dominion Bank

Toronto Dominion Bank lifted its holdings in American Homes 4 Rent (NYSE:AMH) by 31.4% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 41,410 shares of the real estate investment trust’s stock after purchasing an additional 9,899 shares during the period. Toronto Dominion Bank’s holdings in American Homes 4 Rent were worth $1,590,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC boosted its position in American Homes 4 Rent by 31.6% in the 3rd quarter. V Square Quantitative Management LLC now owns 1,144 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 275 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of American Homes 4 Rent by 24.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,588 shares of the real estate investment trust’s stock valued at $59,000 after acquiring an additional 310 shares in the last quarter. Creative Planning boosted its holdings in American Homes 4 Rent by 2.4% in the third quarter. Creative Planning now owns 14,181 shares of the real estate investment trust’s stock valued at $544,000 after purchasing an additional 330 shares during the period. US Bancorp DE grew its stake in American Homes 4 Rent by 3.3% during the 3rd quarter. US Bancorp DE now owns 14,896 shares of the real estate investment trust’s stock worth $572,000 after purchasing an additional 478 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its holdings in American Homes 4 Rent by 19.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 3,589 shares of the real estate investment trust’s stock worth $138,000 after purchasing an additional 596 shares during the period. 91.87% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AMH has been the subject of several recent research reports. JPMorgan Chase & Co. lifted their price objective on American Homes 4 Rent from $38.00 to $43.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. Mizuho lifted their price target on shares of 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. JMP Securities reissued a “market outperform” rating and issued a $41.00 price objective on shares of American Homes 4 Rent in a research report on Wednesday, December 11th. Evercore ISI raised shares of American Homes 4 Rent from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $41.00 to $42.00 in a research report on Monday, November 11th. Finally, The Goldman Sachs Group started coverage on American Homes 4 Rent in a report on Wednesday, September 4th. They issued a “buy” rating and a $48.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $41.56.

American Homes 4 Rent Price Performance

Shares of NYSE AMH opened at $37.37 on Monday. The stock has a market cap of $13.81 billion, a P/E ratio of 38.93, a P/E/G ratio of 3.33 and a beta of 0.78. American Homes 4 Rent has a twelve month low of $33.75 and a twelve month high of $41.41. The stock has a 50 day moving average of $37.52 and a two-hundred day moving average of $37.60. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.59.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.20 EPS 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 business had revenue of $445.06 million during the quarter, compared to analysts’ expectations of $443.81 million. During the same quarter last year, the company earned $0.41 EPS. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, research analysts forecast that American Homes 4 Rent will post 1.77 earnings per share for the current year.

American Homes 4 Rent Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date of this dividend is Friday, December 13th. American Homes 4 Rent’s dividend payout ratio is currently 108.33%.

Insider Activity at American Homes 4 Rent

In related news, COO Bryan Smith sold 40,000 shares of American Homes 4 Rent 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 transaction, the chief operating officer now directly owns 125,580 shares in the company, valued at $4,746,924. This trade represents a 24.16 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Douglas N. Benham acquired 3,286 shares of the company’s stock in a transaction on Thursday, December 5th. The stock was purchased at an average cost of $24.49 per share, for a total transaction of $80,474.14. Following the completion of the purchase, 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 position. The disclosure for this purchase can be found here. 6.32% of the stock is currently 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.