Orion Portfolio Solutions LLC Takes $232,000 Position in American Homes 4 Rent (NYSE:AMH)

Orion Portfolio Solutions LLC bought a new position in shares of American Homes 4 Rent (NYSE:AMH) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,032 shares of the real estate investment trust’s stock, valued at approximately $232,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Marshall Wace LLP bought a new stake in American Homes 4 Rent during the 2nd quarter worth about $17,367,000. Catalyst Capital Advisors LLC acquired a new stake in shares of American Homes 4 Rent in the third quarter valued at about $53,000. Easterly Investment Partners LLC raised its holdings in American Homes 4 Rent by 96.7% during the second quarter. Easterly Investment Partners LLC now owns 248,314 shares of the real estate investment trust’s stock worth $9,227,000 after acquiring an additional 122,048 shares in the last quarter. Bank of Montreal Can boosted its position in American Homes 4 Rent by 6.6% during the second quarter. Bank of Montreal Can now owns 307,377 shares of the real estate investment trust’s stock valued at $11,437,000 after purchasing an additional 19,143 shares during the last quarter. Finally, Swedbank AB grew its stake in American Homes 4 Rent by 25.0% in the third quarter. Swedbank AB now owns 500,000 shares of the real estate investment trust’s stock valued at $19,195,000 after purchasing an additional 100,000 shares in the last quarter. Institutional investors own 91.87% of the company’s stock.

American Homes 4 Rent Price Performance

NYSE:AMH opened at $36.06 on Friday. American Homes 4 Rent has a 52 week low of $33.75 and a 52 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’s 50-day simple moving average is $37.48 and its 200 day simple moving average is $37.60. The firm has a market cap of $13.32 billion, a price-to-earnings ratio of 37.56, a P/E/G ratio of 3.33 and a beta of 0.78.

American Homes 4 Rent (NYSE:AMH) last announced its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.20 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.23). The business had revenue of $445.06 million for the quarter, compared to the consensus estimate of $443.81 million. American Homes 4 Rent had a return on equity of 4.76% and a net margin of 21.51%. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.41 earnings per share. As a group, sell-side analysts predict that American Homes 4 Rent will post 1.77 earnings per share for the current year.

American Homes 4 Rent Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a dividend of $0.26 per share. The ex-dividend date is Friday, December 13th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.88%. American Homes 4 Rent’s payout ratio is 108.33%.

Insider Transactions at American Homes 4 Rent

In related news, COO Bryan Smith sold 40,000 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $37.80, for a total transaction 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. This represents a 24.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Douglas N. Benham bought 3,286 shares of the firm’s stock in a transaction on Thursday, December 5th. The stock was purchased at an average cost of $24.49 per share, for a total transaction of $80,474.14. Following the completion of 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 ownership of the stock. The disclosure for this purchase can be found here. 6.32% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AMH. Evercore ISI upgraded American Homes 4 Rent from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $41.00 to $42.00 in a research note on Monday, November 11th. Mizuho upped their price target on shares of American Homes 4 Rent from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Thursday, October 10th. JPMorgan Chase & Co. lifted their price objective on shares of American Homes 4 Rent from $38.00 to $43.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. Barclays began coverage on shares of American Homes 4 Rent in a report on Tuesday. They issued an “equal weight” rating and a $39.00 target price on the stock. Finally, StockNews.com cut American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $41.38.

American Homes 4 Rent Profile

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.