Jackson Creek Investment Advisors LLC Has $722,000 Stock Position in American Homes 4 Rent (NYSE:AMH)

Jackson Creek Investment Advisors LLC lessened its position in shares of American Homes 4 Rent (NYSE:AMH) by 11.7% during the 4th quarter, HoldingsChannel reports. The fund owned 20,065 shares of the real estate investment trust’s stock after selling 2,654 shares during the quarter. Jackson Creek Investment Advisors LLC’s holdings in American Homes 4 Rent were worth $722,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. VisionPoint Advisory Group LLC acquired a new stake in shares of American Homes 4 Rent during the 3rd quarter worth approximately $26,000. Blue Trust Inc. raised its position in shares of American Homes 4 Rent by 1,091.3% during the 4th quarter. Blue Trust Inc. now owns 953 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 873 shares during the last quarter. Tobam lifted its stake in shares of American Homes 4 Rent by 2,192.9% in the 4th quarter. Tobam now owns 963 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 921 shares during the period. Castleview Partners LLC boosted its position in shares of American Homes 4 Rent by 2,540.0% in the 3rd quarter. Castleview Partners LLC now owns 1,188 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 1,143 shares during the last quarter. Finally, GAMMA Investing LLC acquired a new stake in shares of American Homes 4 Rent during the fourth quarter worth $44,000. 91.87% of the stock is currently owned by institutional investors and hedge funds.

American Homes 4 Rent Stock Performance

Shares of AMH opened at $35.79 on Wednesday. American Homes 4 Rent has a one year low of $31.36 and a one year high of $37.97. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.46 and a quick ratio of 0.46. The company has a market cap of $13.10 billion, a PE ratio of 35.79, a price-to-earnings-growth ratio of 2.77 and a beta of 0.70. The firm has a 50-day moving average of $36.04 and a 200-day moving average of $35.48.

American Homes 4 Rent Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were issued a dividend of $0.26 per share. This is an increase from American Homes 4 Rent’s previous quarterly dividend of $0.22. The ex-dividend date was Thursday, March 14th. This represents a $1.04 annualized dividend and a yield of 2.91%. American Homes 4 Rent’s dividend payout ratio (DPR) is currently 104.00%.

Insiders Place Their Bets

In other news, Director Matthew J. Hart sold 7,263 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $36.76, for a total transaction of $266,987.88. Following the completion of the sale, the director now owns 41,336 shares in the company, valued at approximately $1,519,511.36. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, COO Bryan Smith sold 50,000 shares of the stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $36.77, for a total transaction of $1,838,500.00. Following the sale, the chief operating officer now owns 125,580 shares of the company’s stock, valued at $4,617,576.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Matthew J. Hart sold 7,263 shares of American Homes 4 Rent stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $36.76, for a total value of $266,987.88. Following the completion of the transaction, the director now directly owns 41,336 shares of the company’s stock, valued at $1,519,511.36. The disclosure for this sale can be found here. Insiders sold a total of 60,263 shares of company stock valued at $2,212,078 over the last ninety days. 6.05% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on AMH shares. StockNews.com lowered American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. Citigroup upgraded shares of American Homes 4 Rent from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $37.00 to $41.00 in a report on Friday, March 22nd. Mizuho increased their target price on shares of American Homes 4 Rent from $37.00 to $39.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $39.00 price objective on shares of American Homes 4 Rent in a research note on Monday, February 26th. Finally, BNP Paribas initiated coverage on American Homes 4 Rent in a research note on Monday, January 22nd. They issued an “outperform” rating and a $42.00 target price for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.67.

About American Homes 4 Rent

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.