American Homes 4 Rent (NYSE:AMH) Position Reduced by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. lowered its stake in American Homes 4 Rent (NYSE:AMH) by 5.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 7,787 shares of the real estate investment trust’s stock after selling 476 shares during the period. Koshinski Asset Management Inc.’s holdings in American Homes 4 Rent were worth $291,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. V Square Quantitative Management LLC increased its holdings in American Homes 4 Rent by 31.6% in the third quarter. V Square Quantitative Management LLC now owns 1,144 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 275 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of American Homes 4 Rent by 24.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,588 shares of the real estate investment trust’s stock valued at $59,000 after acquiring an additional 310 shares during the last quarter. Creative Planning raised its position in shares of American Homes 4 Rent by 2.4% during the 3rd quarter. Creative Planning now owns 14,181 shares of the real estate investment trust’s stock valued at $544,000 after acquiring an additional 330 shares in the last quarter. US Bancorp DE lifted its stake in American Homes 4 Rent by 3.3% during the third quarter. US Bancorp DE now owns 14,896 shares of the real estate investment trust’s stock worth $572,000 after purchasing an additional 478 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in American Homes 4 Rent by 14.0% in the fourth quarter. GAMMA Investing LLC now owns 4,091 shares of the real estate investment trust’s stock worth $153,000 after purchasing an additional 503 shares during the period. Institutional investors and hedge funds own 91.87% of the company’s stock.

Insider Activity

In related news, COO Bryan Smith sold 40,000 shares of the 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 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Douglas N. Benham acquired 3,286 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were bought at an average price of $24.49 per share, for a total transaction of $80,474.14. Following the acquisition, the director now owns 41,946 shares in the company, valued at approximately $1,027,257.54. This trade represents a 8.50 % increase in their position. The disclosure for this purchase can be found here. Insiders own 6.32% of the company’s stock.

American Homes 4 Rent Price Performance

NYSE AMH opened at $34.60 on Friday. American Homes 4 Rent has a 12 month low of $33.75 and a 12 month high of $41.41. The firm has a market capitalization of $12.79 billion, a PE ratio of 36.05, a P/E/G ratio of 2.98 and a beta of 0.78. The company’s 50 day simple moving average is $36.84 and its 200 day simple moving average is $37.56. 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 (NYSE:AMH) last issued its quarterly earnings results 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). The firm had revenue of $445.06 million for the quarter, compared to analyst estimates of $443.81 million. American Homes 4 Rent had a net margin of 21.51% and a return on equity of 4.76%. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.41 earnings per share. As a group, equities research analysts forecast that American Homes 4 Rent will post 1.77 EPS for the current fiscal year.

American Homes 4 Rent Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date was Friday, December 13th. American Homes 4 Rent’s payout ratio is 108.33%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on AMH. Keefe, Bruyette & Woods dropped their target price on shares of American Homes 4 Rent from $39.00 to $38.00 and set a “market perform” rating on the stock in a report on Wednesday, November 6th. Mizuho raised their target price on shares of American Homes 4 Rent from $39.00 to $40.00 and gave the stock an “outperform” rating in a report on Thursday, October 10th. Scotiabank downgraded 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 note on Thursday. Deutsche Bank Aktiengesellschaft cut American Homes 4 Rent from a “buy” rating to a “hold” rating and dropped their price target for the stock from $40.00 to $37.00 in a research report on Tuesday. Finally, Barclays initiated coverage on American Homes 4 Rent in a research report on Tuesday, December 17th. They set an “equal weight” rating and a $39.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $40.86.

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.