Westpac Banking Corp Acquires 32,770 Shares of American Homes 4 Rent (AMH)

Westpac Banking Corp boosted its holdings in American Homes 4 Rent (NYSE:AMH) by 5.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 585,060 shares of the real estate investment trust’s stock after buying an additional 32,770 shares during the period. Westpac Banking Corp owned approximately 0.20% of American Homes 4 Rent worth $12,778,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in AMH. Vanguard Group Inc. grew its position in shares of 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 valued at $796,445,000 after purchasing an additional 153,921 shares in the last quarter. FMR LLC grew its position in American Homes 4 Rent by 35.0% in the second quarter. FMR LLC now owns 18,292,853 shares of the real estate investment trust’s stock worth $412,870,000 after acquiring an additional 4,747,436 shares in the last quarter. BlackRock Inc. grew its position in American Homes 4 Rent by 16.8% in the second quarter. BlackRock Inc. now owns 15,261,883 shares of the real estate investment trust’s stock worth $344,461,000 after acquiring an additional 2,189,671 shares in the last quarter. Brookfield Asset Management Inc. grew its position in American Homes 4 Rent by 29.6% in the second quarter. Brookfield Asset Management Inc. now owns 7,889,445 shares of the real estate investment trust’s stock worth $178,065,000 after acquiring an additional 1,801,569 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its position in American Homes 4 Rent by 4.5% in the third quarter. Ameriprise Financial Inc. now owns 6,950,092 shares of the real estate investment trust’s stock worth $150,887,000 after acquiring an additional 298,900 shares in the last quarter. Institutional investors and hedge funds own 88.21% of the company’s stock.

Several research analysts recently issued reports on the stock. B. Riley reiterated a “buy” rating on shares of American Homes 4 Rent in a research report on Wednesday, November 1st. FBR & Co reiterated a “buy” rating and issued a $26.00 target price on shares of American Homes 4 Rent in a research report on Friday, September 29th. TheStreet lowered shares of American Homes 4 Rent from a “b-” rating to a “c+” rating in a research report on Wednesday, January 10th. Evercore ISI upgraded shares of American Homes 4 Rent from an “in-line” rating to an “outperform” rating and set a $24.50 target price for the company in a research report on Monday, December 4th. Finally, BTIG Research assumed coverage on shares of American Homes 4 Rent in a research report on Monday, October 9th. They issued a “buy” rating and a $26.00 target price for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the stock. American Homes 4 Rent currently has an average rating of “Buy” and an average price target of $25.22.

Shares of American Homes 4 Rent (AMH) opened at $20.27 on Friday. 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 firm has a market cap of $5,855.19, a price-to-earnings ratio of -2,027.00, a price-to-earnings-growth ratio of 1.51 and a beta of 0.68. American Homes 4 Rent has a one year low of $20.22 and a one year high of $23.98.

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 for the quarter, hitting the consensus estimate of $0.25. The business had revenue of $246.80 million during the quarter, compared to the consensus estimate of $247.96 million. American Homes 4 Rent had a net margin of 6.56% and a return on equity of 1.15%. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.24 earnings per share. equities analysts anticipate that American Homes 4 Rent will post 1.02 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, January 5th. Shareholders of record on Tuesday, January 2nd were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend was Friday, December 29th. American Homes 4 Rent’s dividend payout ratio is presently -2,000.00%.

In other American Homes 4 Rent news, Director B Wayne Et Al Hughes purchased 292,977 shares of the stock in a transaction on Thursday, November 9th. The stock was acquired at an average cost of $21.86 per share, with a total value of $6,404,477.22. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders acquired 1,670,950 shares of company stock valued at $35,816,444 over the last three months. 27.82% of the stock is currently owned by insiders.

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

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