Foresight Group Ltd Liability Partnership Reduces Position in American Homes 4 Rent (NYSE:AMH)

Foresight Group Ltd Liability Partnership cut its holdings in shares of American Homes 4 Rent (NYSE:AMH) by 16.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 61,636 shares of the real estate investment trust’s stock after selling 11,711 shares during the period. American Homes 4 Rent accounts for about 1.4% of Foresight Group Ltd Liability Partnership’s holdings, making the stock its 13th largest holding. Foresight Group Ltd Liability Partnership’s holdings in American Homes 4 Rent were worth $2,282,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in AMH. Maryland Capital Advisors Inc. acquired a new position in shares of American Homes 4 Rent during the 3rd quarter valued at about $25,000. UMB Bank n.a. boosted its position 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 worth $30,000 after purchasing an additional 604 shares during the period. Assetmark Inc. grew its stake in shares of American Homes 4 Rent by 359.1% in the third quarter. Assetmark Inc. now owns 1,010 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 790 shares in the last quarter. V Square Quantitative Management LLC boosted its holdings in American Homes 4 Rent by 31.6% during 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 acquiring an additional 275 shares during the period. Finally, Catalyst Capital Advisors LLC purchased a new position in American Homes 4 Rent during the 3rd quarter valued at about $53,000. 91.87% of the stock is currently owned by institutional investors and hedge funds.

American Homes 4 Rent Price Performance

Shares of AMH opened at $34.87 on Friday. American Homes 4 Rent has a fifty-two week low of $33.75 and a fifty-two week high of $41.41. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.58 and a current ratio of 0.58. The firm has a 50-day simple moving average of $37.08 and a 200-day simple moving average of $37.64. The company has a market capitalization of $12.88 billion, a price-to-earnings ratio of 36.32, a price-to-earnings-growth ratio of 2.96 and a beta of 0.78.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share (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 firm had revenue of $445.06 million during the quarter, compared to analyst estimates of $443.81 million. During the same period in the prior year, the firm posted $0.41 earnings per share. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, equities research analysts anticipate that American Homes 4 Rent will post 1.77 earnings per share for the current year.

American Homes 4 Rent Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date was Friday, December 13th. American Homes 4 Rent’s dividend payout ratio (DPR) is 108.33%.

Insider Activity at American Homes 4 Rent

In related news, Director Douglas N. Benham purchased 3,286 shares of the stock in a transaction dated Thursday, December 5th. The shares were acquired at an average cost of $24.49 per share, with a total value of $80,474.14. Following 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 acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Bryan Smith sold 40,000 shares of the company’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $37.80, for a total transaction of $1,512,000.00. Following the transaction, the chief operating officer now owns 125,580 shares in the company, valued at $4,746,924. The trade was a 24.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 6.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. JMP Securities reissued a “market outperform” rating and issued a $41.00 price objective on shares of American Homes 4 Rent in a research note on Tuesday. Barclays started coverage on shares of American Homes 4 Rent in a research note on Tuesday, December 17th. They issued an “equal weight” rating and a $39.00 price target for the company. Keefe, Bruyette & Woods reduced their price objective on American Homes 4 Rent from $39.00 to $38.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 6th. StockNews.com lowered American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Tuesday, December 3rd. Finally, Mizuho upped their price target on American Homes 4 Rent from $39.00 to $40.00 and gave the stock an “outperform” rating in a report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $41.40.

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.