Cookson Peirce & Co. Inc. Acquires 1,419 Shares of American Homes 4 Rent (NYSE:AMH)

Cookson Peirce & Co. Inc. raised its holdings in shares of American Homes 4 Rent (NYSE:AMH) by 12.9% in the fourth quarter, HoldingsChannel reports. The firm owned 12,432 shares of the real estate investment trust’s stock after buying an additional 1,419 shares during the quarter. Cookson Peirce & Co. Inc.’s holdings in American Homes 4 Rent were worth $465,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Principal Financial Group Inc. raised its position in American Homes 4 Rent by 6.8% during the 4th quarter. Principal Financial Group Inc. now owns 15,987,142 shares of the real estate investment trust’s stock valued at $598,232,000 after purchasing an additional 1,015,351 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of American Homes 4 Rent by 1.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 13,115,483 shares of the real estate investment trust’s stock worth $503,503,000 after acquiring an additional 214,242 shares in the last quarter. FMR LLC raised its position in shares of American Homes 4 Rent by 12.9% in the 3rd quarter. FMR LLC now owns 8,225,592 shares of the real estate investment trust’s stock worth $315,780,000 after acquiring an additional 937,116 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of American Homes 4 Rent by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,334,035 shares of the real estate investment trust’s stock worth $162,180,000 after acquiring an additional 110,022 shares in the last quarter. Finally, Duff & Phelps Investment Management Co. raised its position in shares of American Homes 4 Rent by 5.9% in the 3rd quarter. Duff & Phelps Investment Management Co. now owns 3,552,301 shares of the real estate investment trust’s stock worth $136,373,000 after acquiring an additional 199,234 shares in the last quarter. Institutional investors own 91.87% of the company’s stock.

American Homes 4 Rent Stock Up 1.2 %

AMH stock opened at $36.85 on Thursday. American Homes 4 Rent has a 1-year low of $34.01 and a 1-year high of $41.41. The business has a fifty day moving average price of $35.63 and a 200-day moving average price of $37.24. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.76 and a quick ratio of 0.58. The stock has a market capitalization of $13.64 billion, a P/E ratio of 34.12, a P/E/G ratio of 3.56 and a beta of 0.78.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.30. American Homes 4 Rent had a return on equity of 5.33% and a net margin of 23.86%. The firm had revenue of $436.59 million during the quarter, compared to analysts’ expectations of $442.02 million. Equities analysts forecast that American Homes 4 Rent will post 1.85 earnings per share for the current fiscal year.

American Homes 4 Rent Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.20 annualized dividend and a dividend yield of 3.26%. This is a boost from American Homes 4 Rent’s previous quarterly dividend of $0.26. American Homes 4 Rent’s payout ratio is currently 111.11%.

Insider Transactions 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 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 6.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Barclays decreased their target price on American Homes 4 Rent from $39.00 to $37.00 and set an “equal weight” rating for the company in a research report on Friday, January 24th. Scotiabank lowered American Homes 4 Rent from a “sector outperform” rating to a “sector perform” rating and set a $38.00 target price for the company. in a research report on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft lowered American Homes 4 Rent from a “buy” rating to a “hold” rating and decreased their target price for the stock from $40.00 to $37.00 in a research report on Tuesday, January 21st. Evercore ISI upgraded American Homes 4 Rent from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $41.00 to $42.00 in a research note on Monday, November 11th. Finally, StockNews.com cut American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Tuesday, December 3rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $40.47.

American Homes 4 Rent Company Profile

American Homes 4 Rent operates as a real estate investment trust. It engages in the acquisition, renovation, leasing, and operating of single-family homes as rental properties. The company was founded by Bradley Wayne Hughes, Sr. on October 19, 2012 and is headquartered in Las Vegas, NV.