Van ECK Associates Corp Acquires 3,356 Shares of American Homes 4 Rent (NYSE:AMH)

Van ECK Associates Corp raised its holdings in shares of American Homes 4 Rent (NYSE:AMH) by 2.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 130,627 shares of the real estate investment trust’s stock after purchasing an additional 3,356 shares during the period. Van ECK Associates Corp’s holdings in American Homes 4 Rent were worth $4,804,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. VisionPoint Advisory Group LLC purchased a new stake in shares of American Homes 4 Rent during the third quarter valued at approximately $26,000. Blue Trust Inc. grew its holdings in shares of American Homes 4 Rent by 1,091.3% during 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 during the last quarter. Tobam grew its holdings in shares of American Homes 4 Rent by 2,192.9% during 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 during the last quarter. GAMMA Investing LLC purchased a new stake in shares of American Homes 4 Rent during the fourth quarter valued at approximately $44,000. Finally, Capital Analysts LLC grew its holdings in shares of American Homes 4 Rent by 58.1% during the fourth quarter. Capital Analysts LLC now owns 1,436 shares of the real estate investment trust’s stock valued at $52,000 after buying an additional 528 shares during the last quarter. Institutional investors own 91.87% of the company’s stock.

Insiders Place Their Bets

In related news, Director Douglas N. Benham purchased 3,500 shares of the firm’s stock in a transaction on Wednesday, May 8th. The shares were acquired at an average price of $23.00 per share, for a total transaction of $80,500.00. Following the purchase, the director now directly owns 37,997 shares in the company, valued at $873,931. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In other American Homes 4 Rent news, Director Douglas N. Benham bought 3,500 shares of American Homes 4 Rent stock in a transaction dated Wednesday, May 8th. The shares were purchased at an average cost of $23.00 per share, for a total transaction of $80,500.00. Following the acquisition, the director now directly owns 37,997 shares in the company, valued at approximately $873,931. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Jack E. Corrigan bought 10,000 shares of American Homes 4 Rent stock in a transaction dated Monday, May 6th. The stock was acquired at an average price of $22.78 per share, for a total transaction of $227,800.00. Following the completion of the acquisition, the director now owns 10,000 shares in the company, valued at $227,800. The disclosure for this purchase can be found here. Corporate insiders own 6.05% of the company’s stock.

American Homes 4 Rent Price Performance

Shares of AMH traded up $0.13 during trading hours on Friday, reaching $37.44. 1,043,232 shares of the stock traded hands, compared to its average volume of 2,835,535. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.58. American Homes 4 Rent has a 52-week low of $31.36 and a 52-week high of $37.97. The company’s 50-day moving average price is $36.20 and its two-hundred day moving average price is $35.89. The company has a market cap of $13.72 billion, a P/E ratio of 38.07, a price-to-earnings-growth ratio of 3.14 and a beta of 0.74.

American Homes 4 Rent (NYSE:AMH) last released its earnings results on Friday, May 10th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.13). American Homes 4 Rent had a net margin of 22.55% and a return on equity of 5.00%. The firm had revenue of $423.56 million for the quarter, compared to analysts’ expectations of $421.28 million. During the same quarter last year, the firm posted $0.41 EPS. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. On average, analysts anticipate that American Homes 4 Rent will post 1.74 earnings per share for the current year.

American Homes 4 Rent Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.78%. The ex-dividend date of this dividend was Friday, June 14th. American Homes 4 Rent’s payout ratio is currently 106.12%.

Wall Street Analyst Weigh In

AMH has been the topic of a number of recent analyst reports. Mizuho increased their price target on shares of American Homes 4 Rent from $37.00 to $39.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. Keefe, Bruyette & Woods lifted their target price on shares of American Homes 4 Rent from $38.00 to $39.00 and gave the stock a “market perform” rating in a research report on Monday, May 13th. Barclays cut their target price on shares of American Homes 4 Rent from $43.00 to $42.00 and set an “overweight” rating for the company in a research report on Wednesday, May 29th. Citigroup raised shares of American Homes 4 Rent from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $37.00 to $41.00 in a research report on Friday, March 22nd. Finally, StockNews.com downgraded shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $39.53.

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.