TCW Group Inc. Buys Shares of 25,054 American Homes 4 Rent (NYSE:AMH)

TCW Group Inc. purchased a new position in American Homes 4 Rent (NYSE:AMH) during the third quarter, HoldingsChannel reports. The firm purchased 25,054 shares of the real estate investment trust’s stock, valued at approximately $962,000.

Several other large investors also recently modified their holdings of AMH. Maryland Capital Advisors Inc. bought a new position in American Homes 4 Rent in the third quarter valued at about $25,000. UMB Bank n.a. grew its stake in shares of American Homes 4 Rent by 331.9% during the 3rd quarter. UMB Bank n.a. now owns 786 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 604 shares during the period. V Square Quantitative Management LLC purchased a new stake in shares of American Homes 4 Rent during the 2nd quarter valued at about $32,000. Assetmark Inc. lifted its stake in shares of American Homes 4 Rent by 359.1% in the 3rd quarter. Assetmark Inc. now owns 1,010 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 790 shares during the period. Finally, Wetzel Investment Advisors Inc. purchased a new position in shares of American Homes 4 Rent in the second quarter worth approximately $44,000. Institutional investors own 91.87% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on AMH. Scotiabank reaffirmed an “outperform” rating and set a $42.00 target price on shares of American Homes 4 Rent in a report on Wednesday, August 21st. StockNews.com cut American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Tuesday, December 3rd. UBS Group boosted their price target on American Homes 4 Rent from $37.00 to $40.00 and gave the company a “neutral” rating in a report on Friday, August 16th. Wells Fargo & Company raised American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $36.00 to $42.00 in a research note on Monday, August 26th. Finally, 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 report on Monday, September 16th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $41.56.

Insider Transactions at American Homes 4 Rent

In other American Homes 4 Rent news, COO Bryan Smith sold 40,000 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of $37.80, for a total transaction of $1,512,000.00. Following the completion of the transaction, the chief operating officer now owns 125,580 shares in the company, valued at $4,746,924. This trade represents a 24.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Douglas N. Benham bought 3,286 shares of American Homes 4 Rent stock in a transaction dated Thursday, December 5th. The stock was acquired at an average price of $24.49 per share, for a total transaction of $80,474.14. Following the completion of the acquisition, the director now owns 41,946 shares in the company, valued at approximately $1,027,257.54. The trade was a 8.50 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 6.32% of the company’s stock.

American Homes 4 Rent Trading Up 0.5 %

AMH stock opened at $37.94 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.58 and a quick ratio of 0.58. American Homes 4 Rent has a 1-year low of $33.75 and a 1-year high of $41.41. The business has a 50 day simple moving average of $37.54 and a two-hundred day simple moving average of $37.56. The company has a market capitalization of $14.02 billion, a price-to-earnings ratio of 39.52, a PEG ratio of 3.29 and a beta of 0.78.

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

American Homes 4 Rent Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a dividend of $0.26 per share. The ex-dividend date is Friday, December 13th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.74%. American Homes 4 Rent’s payout ratio is 108.33%.

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.