Bamco Inc. NY trimmed its stake in American Homes 4 Rent (NYSE:AMH) by 10.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 606,651 shares of the real estate investment trust’s stock after selling 69,700 shares during the period. Bamco Inc. NY owned about 0.21% of American Homes 4 Rent worth $13,170,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. PNC Financial Services Group Inc. grew its holdings in shares of American Homes 4 Rent by 5.1% during the second quarter. PNC Financial Services Group Inc. now owns 5,720 shares of the real estate investment trust’s stock worth $128,000 after purchasing an additional 278 shares during the last quarter. Public Employees Retirement Association of Colorado grew its holdings in shares of American Homes 4 Rent by 35.0% during the second quarter. Public Employees Retirement Association of Colorado now owns 7,125 shares of the real estate investment trust’s stock worth $161,000 after purchasing an additional 1,848 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of American Homes 4 Rent by 7.7% during the second quarter. The Manufacturers Life Insurance Company now owns 7,247 shares of the real estate investment trust’s stock worth $164,000 after purchasing an additional 515 shares during the last quarter. QCM Cayman Ltd. bought a new stake in shares of American Homes 4 Rent during the second quarter worth $203,000. Finally, CIBC Asset Management Inc bought a new stake in shares of American Homes 4 Rent during the third quarter worth $202,000. Hedge funds and other institutional investors own 88.22% of the company’s stock.
AMH has been the topic of several research analyst reports. Citigroup initiated coverage on American Homes 4 Rent in a report on Friday, October 20th. They set a “buy” rating and a $25.00 target price on the stock. BTIG Research initiated coverage on American Homes 4 Rent in a report on Monday, October 9th. They set a “buy” rating and a $26.00 target price on the stock. BidaskClub cut American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Friday, August 25th. B. Riley set a $26.00 target price on American Homes 4 Rent and gave the stock a “buy” rating in a report on Tuesday, November 14th. Finally, Evercore ISI upgraded American Homes 4 Rent from an “in-line” rating to an “outperform” rating and set a $24.50 target price on the stock in a report on Monday, December 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $25.13.
In other news, Director B Wayne Et Al Hughes purchased 802,745 shares of the firm’s stock in a transaction that occurred on Thursday, December 7th. The shares were acquired at an average price of $21.30 per share, for a total transaction of $17,098,468.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last quarter, insiders purchased 1,666,400 shares of company stock worth $35,716,344. 27.82% of the stock is owned by company insiders.
American Homes 4 Rent (NYSE:AMH) opened at $21.91 on Thursday. The stock has a market capitalization of $6,273.83, a PE ratio of 21.24, a P/E/G ratio of 1.85 and a beta of 0.68. American Homes 4 Rent has a 1-year low of $19.62 and a 1-year high of $23.98. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.40.
American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.25. The business had revenue of $246.80 million for the quarter, compared to analysts’ expectations of $247.96 million. American Homes 4 Rent had a return on equity of 1.15% and a net margin of 6.56%. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.24 earnings per share. equities analysts forecast that American Homes 4 Rent will post 1.03 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Tuesday, January 2nd will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend is Friday, December 29th. American Homes 4 Rent’s dividend payout ratio is -2,000.00%.
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About American Homes 4 Rent
American Homes 4 Rent is an internally managed real estate investment trust (REIT) focused on acquiring, renovating, leasing and operating single-family homes as rental properties. The Company’s primary objective is to generate attractive risk-adjusted returns for its shareholders through dividends and capital appreciation by acquiring, renovating, leasing and operating single-family homes as rental properties.
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