Dimensional Fund Advisors LP Acquires 105,924 Shares of American Homes 4 Rent (NYSE:AMH)

Dimensional Fund Advisors LP grew its stake in American Homes 4 Rent (NYSE:AMH) by 3.4% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 3,262,468 shares of the real estate investment trust’s stock after acquiring an additional 105,924 shares during the period. Dimensional Fund Advisors LP owned about 1.14% of American Homes 4 Rent worth $70,829,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in American Homes 4 Rent by 0.4% during the 2nd quarter. Vanguard Group Inc. now owns 35,287,763 shares of the real estate investment trust’s stock worth $796,445,000 after buying an additional 153,921 shares during the period. FMR LLC increased its stake in American Homes 4 Rent by 35.0% during the 2nd quarter. FMR LLC now owns 18,292,853 shares of the real estate investment trust’s stock worth $412,870,000 after buying an additional 4,747,436 shares during the period. BlackRock Inc. increased its stake in American Homes 4 Rent by 16.8% during the 2nd quarter. BlackRock Inc. now owns 15,261,883 shares of the real estate investment trust’s stock worth $344,461,000 after buying an additional 2,189,671 shares during the period. Brookfield Asset Management Inc. increased its stake in American Homes 4 Rent by 29.6% during the 2nd quarter. Brookfield Asset Management Inc. now owns 7,889,445 shares of the real estate investment trust’s stock worth $178,065,000 after buying an additional 1,801,569 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in American Homes 4 Rent by 4.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 6,950,092 shares of the real estate investment trust’s stock worth $150,887,000 after buying an additional 298,900 shares during the period. 88.21% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages recently weighed in on AMH. JPMorgan Chase & Co. raised shares of American Homes 4 Rent from a “neutral” rating to an “overweight” rating and set a $26.00 target price on the stock in a research note on Friday, December 15th. Keefe, Bruyette & Woods raised shares of American Homes 4 Rent from a “market perform” rating to an “outperform” rating in a research report on Thursday, December 7th. Evercore ISI raised shares of American Homes 4 Rent from an “in-line” rating to an “outperform” rating and set a $24.50 price objective on the stock in a research report on Monday, December 4th. B. Riley set a $26.00 price objective on shares of American Homes 4 Rent and gave the company a “buy” rating in a research report on Tuesday, November 14th. Finally, Citigroup began coverage on shares of American Homes 4 Rent in a research report on Friday, October 20th. They issued a “buy” rating and a $25.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $25.22.

American Homes 4 Rent (NYSE AMH) opened at $20.54 on Friday. American Homes 4 Rent has a twelve month low of $20.29 and a twelve month high of $23.98. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.51 and a quick ratio of 1.51. The stock has a market cap of $5,880.00, a price-to-earnings ratio of 2,054.00, a PEG ratio of 1.54 and a beta of 0.68.

American Homes 4 Rent (NYSE:AMH) last issued its 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. American Homes 4 Rent had a net margin of 6.56% and a return on equity of 1.15%. The business had revenue of $246.80 million during the quarter, compared to analysts’ expectations of $247.96 million. During the same quarter in the prior year, the business posted $0.24 EPS. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. sell-side analysts expect that American Homes 4 Rent will post 1.02 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, January 5th. Stockholders of record on Tuesday, January 2nd were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.97%. The ex-dividend date was Friday, December 29th. American Homes 4 Rent’s payout ratio is 2,000.00%.

In related news, Director B Wayne Et Al Hughes bought 802,745 shares of the stock in a transaction dated Thursday, December 7th. The stock was 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 filing with the SEC, which is available at this link. In the last 90 days, insiders bought 1,670,950 shares of company stock valued at $35,816,444. Company insiders own 27.82% of the company’s stock.

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American Homes 4 Rent Profile

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.

Institutional Ownership by Quarter for American Homes 4 Rent (NYSE:AMH)

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