Lecap Asset Management Ltd. Makes New $2.12 Million Investment in American Homes 4 Rent (NYSE:AMH)

Lecap Asset Management Ltd. bought a new position in shares of American Homes 4 Rent (NYSE:AMH) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 59,059 shares of the real estate investment trust’s stock, valued at approximately $2,124,000. American Homes 4 Rent makes up about 0.8% of Lecap Asset Management Ltd.’s portfolio, making the stock its 27th biggest position.

Several other institutional investors have also recently bought and sold shares of AMH. Vanguard Group Inc. increased its position in American Homes 4 Rent by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 44,399,483 shares of the real estate investment trust’s stock valued at $1,495,819,000 after purchasing an additional 1,011,707 shares during the period. BlackRock Inc. increased its position in American Homes 4 Rent by 1.4% during the 1st quarter. BlackRock Inc. now owns 23,793,868 shares of the real estate investment trust’s stock valued at $748,317,000 after purchasing an additional 325,059 shares during the period. Norges Bank acquired a new stake in American Homes 4 Rent during the 4th quarter valued at approximately $619,235,000. Principal Financial Group Inc. increased its position in American Homes 4 Rent by 0.3% during the 3rd quarter. Principal Financial Group Inc. now owns 16,934,168 shares of the real estate investment trust’s stock valued at $570,509,000 after purchasing an additional 47,729 shares during the period. Finally, JPMorgan Chase & Co. increased its position in American Homes 4 Rent by 2.2% during the 1st quarter. JPMorgan Chase & Co. now owns 16,387,078 shares of the real estate investment trust’s stock valued at $515,374,000 after purchasing an additional 345,290 shares during the period. Institutional investors and hedge funds own 91.87% of the company’s stock.

Insider Activity

In other news, CAO Brian Reitz sold 3,000 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $35.53, for a total transaction of $106,590.00. Following the completion of the sale, the chief accounting officer now directly owns 35,343 shares of the company’s stock, valued at approximately $1,255,736.79. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, COO Bryan Smith sold 50,000 shares of American Homes 4 Rent stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $36.77, for a total value of $1,838,500.00. Following the completion of the sale, the chief operating officer now owns 125,580 shares of the company’s stock, valued at approximately $4,617,576.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Brian Reitz sold 3,000 shares of American Homes 4 Rent stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $35.53, for a total value of $106,590.00. Following the completion of the sale, the chief accounting officer now directly owns 35,343 shares of the company’s stock, valued at approximately $1,255,736.79. The disclosure for this sale can be found here. Insiders sold a total of 60,263 shares of company stock valued at $2,212,078 in the last ninety days. 6.32% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on AMH shares. Royal Bank of Canada restated an “outperform” rating and set a $39.00 price target on shares of American Homes 4 Rent in a report on Monday, February 26th. Raymond James increased their price target on American Homes 4 Rent from $40.00 to $41.00 and gave the stock an “outperform” rating in a report on Thursday, March 28th. BNP Paribas initiated coverage on American Homes 4 Rent in a report on Monday, January 22nd. They set an “outperform” rating and a $42.00 price target on the stock. Citigroup upgraded American Homes 4 Rent from a “neutral” rating to a “buy” rating and increased their target price for the stock from $37.00 to $41.00 in a report on Friday, March 22nd. Finally, StockNews.com cut American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. One research analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $39.67.

American Homes 4 Rent Stock Down 1.5 %

NYSE AMH traded down $0.53 on Friday, reaching $35.56. The company had a trading volume of 1,488,074 shares, compared to its average volume of 2,107,341. The stock has a market capitalization of $13.02 billion, a P/E ratio of 35.56, a P/E/G ratio of 2.77 and a beta of 0.70. The company’s fifty day moving average is $35.83 and its 200 day moving average is $35.34. American Homes 4 Rent has a 52-week low of $31.36 and a 52-week high of $37.97. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.58.

American Homes 4 Rent Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a $0.26 dividend. This is a positive change from American Homes 4 Rent’s previous quarterly dividend of $0.22. This represents a $1.04 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date of this dividend was Thursday, March 14th. American Homes 4 Rent’s dividend payout ratio is presently 104.00%.

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.