Van ECK Associates Corp Has $3.06 Million Position in American Homes 4 Rent (NYSE:AMH)

Posted by Defense World Staff on Aug 2nd, 2023

Van ECK Associates Corp lowered its holdings in American Homes 4 Rent (NYSE:AMH – Free Report) by 1.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 97,359 shares of the real estate investment trust’s stock after selling 1,700 shares during the quarter. Van ECK Associates Corp’s holdings in American Homes 4 Rent were worth $3,062,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of AMH. Norges Bank acquired a new position in shares of American Homes 4 Rent during the fourth quarter valued at $619,235,000. Price T Rowe Associates Inc. MD increased its holdings in American Homes 4 Rent by 5,494.4% in the second quarter. Price T Rowe Associates Inc. MD now owns 4,876,063 shares of the real estate investment trust’s stock valued at $172,808,000 after purchasing an additional 4,788,904 shares during the last quarter. Centersquare Investment Management LLC increased its holdings in American Homes 4 Rent by 725.9% in the first quarter. Centersquare Investment Management LLC now owns 4,816,638 shares of the real estate investment trust’s stock valued at $192,810,000 after purchasing an additional 4,233,435 shares during the last quarter. Vanguard Group Inc. increased its holdings in American Homes 4 Rent by 8.9% in the first quarter. Vanguard Group Inc. now owns 43,405,083 shares of the real estate investment trust’s stock valued at $1,737,505,000 after purchasing an additional 3,533,157 shares during the last quarter. Finally, State Street Corp increased its holdings in American Homes 4 Rent by 20.1% in the first quarter. State Street Corp now owns 12,861,103 shares of the real estate investment trust’s stock valued at $514,830,000 after purchasing an additional 2,154,704 shares during the last quarter. Institutional investors and hedge funds own 83.36% of the company’s stock.

Insider Transactions at American Homes 4 Rent

In other American Homes 4 Rent news, insider Sara H. Vogt-Lowell sold 8,789 shares of the firm’s stock in a transaction on Monday, May 8th. The stock was sold at an average price of $34.88, for a total transaction of $306,560.32. Following the transaction, the insider now owns 62,879 shares in the company, valued at approximately $2,193,219.52. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other American Homes 4 Rent news, COO Bryan Smith sold 25,000 shares of the firm’s stock in a transaction on Friday, May 12th. The stock was sold at an average price of $35.00, for a total transaction of $875,000.00. Following the transaction, the chief operating officer now owns 94,478 shares in the company, valued at approximately $3,306,730. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Sara H. Vogt-Lowell sold 8,789 shares of American Homes 4 Rent stock in a transaction on Monday, May 8th. The shares were sold at an average price of $34.88, for a total value of $306,560.32. Following the completion of the transaction, the insider now owns 62,879 shares in the company, valued at approximately $2,193,219.52. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 91,789 shares of company stock worth $3,217,810. Company insiders own 6.32% of the company’s stock.

American Homes 4 Rent Stock Performance

AMH opened at $37.28 on Wednesday. American Homes 4 Rent has a 12-month low of $28.78 and a 12-month high of $38.94. The stock has a market cap of $13.49 billion, a price-to-earnings ratio of 38.04, a PEG ratio of 3.27 and a beta of 0.67. The business has a 50 day moving average of $35.44 and a 200-day moving average of $33.57. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.58.

American Homes 4 Rent Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Thursday, June 15th were given a $0.22 dividend. The ex-dividend date was Wednesday, June 14th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.36%. American Homes 4 Rent’s payout ratio is 89.80%.

Wall Street Analyst Weigh In

AMH has been the subject of a number of recent analyst reports. StockNews.com downgraded American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Evercore ISI increased their price target on American Homes 4 Rent from $36.00 to $39.00 in a report on Monday, May 8th. Barclays increased their price target on American Homes 4 Rent from $38.00 to $41.00 in a report on Wednesday, May 31st. VNET Group restated a “maintains” rating on shares of American Homes 4 Rent in a report on Friday, May 26th. Finally, Royal Bank of Canada increased their price target on American Homes 4 Rent from $38.00 to $39.00 and gave the stock an “outperform” rating in a report on Monday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $36.10.

American Homes 4 Rent Company Profile

(Free Report)

American Homes 4 Rent (NYSE: AMH), which does business as AMH, is a leading single-family property owner, leasing operator and build-to-rent developer. We're an internally managed Maryland real estate investment trust (REIT) focused on acquiring, developing, renovating, leasing and managing homes as rental properties.