Mutual of America Capital Management LLC Sells 2,476 Shares of American Homes 4 Rent (NYSE:AMH)

Mutual of America Capital Management LLC cut its holdings in shares of American Homes 4 Rent (NYSE:AMH) by 1.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 167,574 shares of the real estate investment trust’s stock after selling 2,476 shares during the period. Mutual of America Capital Management LLC’s holdings in American Homes 4 Rent were worth $6,271,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. National Pension Service acquired a new stake in shares of American Homes 4 Rent during the fourth quarter worth about $30,000. Assetmark Inc. increased its stake in American Homes 4 Rent by 359.1% during 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 in the last quarter. UMB Bank n.a. raised its holdings in American Homes 4 Rent by 77.2% during the 4th quarter. UMB Bank n.a. now owns 1,393 shares of the real estate investment trust’s stock worth $52,000 after buying an additional 607 shares during the period. Catalyst Capital Advisors LLC bought a new position in American Homes 4 Rent in the third quarter valued at approximately $53,000. Finally, Loomis Sayles & Co. L P boosted its holdings in shares of American Homes 4 Rent by 3,136.2% in the third quarter. Loomis Sayles & Co. L P now owns 1,521 shares of the real estate investment trust’s stock valued at $58,000 after buying an additional 1,474 shares during the period. 91.87% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on AMH. Scotiabank lowered shares of American Homes 4 Rent from a “sector outperform” rating to a “sector perform” rating and set a $38.00 price objective on the stock. in a report on Thursday, January 23rd. Morgan Stanley raised American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $39.00 to $40.00 in a research note on Friday, January 24th. Royal Bank of Canada reduced their price objective on American Homes 4 Rent from $40.00 to $39.00 and set an “outperform” rating for the company in a research report on Monday, February 24th. StockNews.com downgraded American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Tuesday, December 3rd. Finally, JMP Securities restated a “market outperform” rating and issued a $41.00 target price on shares of American Homes 4 Rent in a research note on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $40.47.

American Homes 4 Rent Price Performance

NYSE:AMH opened at $37.23 on Tuesday. The stock has a market capitalization of $13.78 billion, a PE ratio of 34.47, a P/E/G ratio of 3.56 and a beta of 0.78. American Homes 4 Rent has a 1-year low of $34.01 and a 1-year high of $41.41. The firm has a fifty day simple moving average of $35.64 and a 200 day simple moving average of $37.27. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 0.64.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings data 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. The company had revenue of $436.59 million for the quarter, compared to analyst estimates of $442.02 million. American Homes 4 Rent had a net margin of 23.86% and a return on equity of 5.33%. On average, research analysts expect that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

American Homes 4 Rent Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $0.30 dividend. This is a positive change from American Homes 4 Rent’s previous quarterly dividend of $0.26. The ex-dividend date is Friday, March 14th. This represents a $1.20 annualized dividend and a yield of 3.22%. American Homes 4 Rent’s dividend payout ratio is currently 111.11%.

Insider Transactions at American Homes 4 Rent

In other American Homes 4 Rent news, COO Bryan Smith sold 40,000 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $37.80, for a total value of $1,512,000.00. Following the transaction, the chief operating officer now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Douglas N. Benham bought 3,286 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were bought at an average price of $24.49 per share, with a total value of $80,474.14. Following the purchase, the director now owns 41,946 shares in the company, valued at $1,027,257.54. The trade was a 8.50 % increase in their position. The disclosure for this purchase can be found here. 6.32% of the stock is currently owned by corporate insiders.

American Homes 4 Rent 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.