American Homes 4 Rent (NYSE:AMH) Shares Purchased by TCW Group Inc.

TCW Group Inc. increased its stake in shares of American Homes 4 Rent (NYSE:AMH) by 7.2% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 26,863 shares of the real estate investment trust’s stock after acquiring an additional 1,809 shares during the period. TCW Group Inc.’s holdings in American Homes 4 Rent were worth $1,005,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. ING Groep NV acquired a new position in American Homes 4 Rent during the 4th quarter worth approximately $2,245,000. CIBC Asset Management Inc raised its position in shares of American Homes 4 Rent by 5.8% in the 4th quarter. CIBC Asset Management Inc now owns 13,320 shares of the real estate investment trust’s stock valued at $498,000 after purchasing an additional 735 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of American Homes 4 Rent by 6.8% in the 4th quarter. Principal Financial Group Inc. now owns 15,987,142 shares of the real estate investment trust’s stock valued at $598,232,000 after purchasing an additional 1,015,351 shares in the last quarter. Rhumbline Advisers raised its position in shares of American Homes 4 Rent by 1.0% in the 4th quarter. Rhumbline Advisers now owns 986,456 shares of the real estate investment trust’s stock valued at $36,913,000 after purchasing an additional 9,567 shares in the last quarter. Finally, Asset Management One Co. Ltd. raised its position in shares of American Homes 4 Rent by 1.0% in the 4th quarter. Asset Management One Co. Ltd. now owns 665,618 shares of the real estate investment trust’s stock valued at $24,694,000 after purchasing an additional 6,449 shares in the last quarter. 91.87% of the stock is owned by institutional investors and hedge funds.

American Homes 4 Rent Price Performance

Shares of AMH opened at $34.79 on Tuesday. The company has a market cap of $12.85 billion, a P/E ratio of 32.21, a PEG ratio of 3.61 and a beta of 0.78. The stock has a fifty day moving average price of $35.67 and a 200 day moving average price of $37.34. 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 has a 12 month low of $34.01 and a 12 month high of $41.41.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.30. The firm had revenue of $436.59 million during the quarter, compared to the consensus estimate of $442.02 million. American Homes 4 Rent had a return on equity of 5.35% and a net margin of 23.86%. On average, research analysts forecast that American Homes 4 Rent will post 1.86 earnings per share for the current year.

American Homes 4 Rent Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a dividend of $0.30 per share. This is an increase from American Homes 4 Rent’s previous quarterly dividend of $0.26. This represents a $1.20 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date is Friday, March 14th. American Homes 4 Rent’s dividend payout ratio is presently 111.11%.

Analyst Ratings Changes

A number of equities analysts have issued reports on AMH shares. JMP Securities reaffirmed a “market outperform” rating and issued a $41.00 target price on shares of American Homes 4 Rent in a research report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft lowered American Homes 4 Rent from a “buy” rating to a “hold” rating and cut their target price for the company from $40.00 to $37.00 in a research report on Tuesday, January 21st. Barclays cut their target price on American Homes 4 Rent from $39.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Friday, January 24th. Keefe, Bruyette & Woods cut their target price on American Homes 4 Rent from $39.00 to $38.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 6th. Finally, StockNews.com downgraded American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Tuesday, December 3rd. One 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’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $40.47.

Insider Buying and Selling

In other American Homes 4 Rent news, COO Bryan Smith sold 40,000 shares of the business’s stock in a transaction on 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 completion of the transaction, the chief operating officer now owns 125,580 shares in the company, valued at approximately $4,746,924. The trade was a 24.16 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Douglas N. Benham purchased 3,286 shares of American Homes 4 Rent stock in a transaction on Thursday, December 5th. The shares were acquired at an average price of $24.49 per share, with a total value of $80,474.14. Following the transaction, 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 disclosure for this purchase can be found here. 6.32% of the stock is owned by company insiders.

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.