Wolverine Asset Management LLC lifted its holdings in American Homes 4 Rent (NYSE:AMH) by 3,099.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,743 shares of the real estate investment trust’s stock after acquiring an additional 26,876 shares during the period. Wolverine Asset Management LLC’s holdings in American Homes 4 Rent were worth $605,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of American Homes 4 Rent by 22.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,766 shares of the real estate investment trust’s stock worth $432,000 after buying an additional 3,674 shares during the period. RMR Advisors LLC bought a new stake in American Homes 4 Rent during the 4th quarter valued at $352,000. UBS Asset Management Americas Inc. boosted its position in American Homes 4 Rent by 15.6% during the 4th quarter. UBS Asset Management Americas Inc. now owns 593,499 shares of the real estate investment trust’s stock valued at $12,962,000 after acquiring an additional 80,137 shares in the last quarter. Teacher Retirement System of Texas boosted its position in American Homes 4 Rent by 323.3% during the 4th quarter. Teacher Retirement System of Texas now owns 80,950 shares of the real estate investment trust’s stock valued at $1,768,000 after acquiring an additional 61,828 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in American Homes 4 Rent during the 4th quarter valued at $328,000. 90.65% of the stock is owned by institutional investors.
In other news, Director Dann V. Angeloff sold 3,000 shares of the stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $19.67, for a total value of $59,010.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Douglas N. Benham purchased 2,005 shares of the stock in a transaction dated Friday, January 26th. The stock was acquired at an average price of $24.80 per share, for a total transaction of $49,724.00. The disclosure for this purchase can be found here. 27.82% of the stock is currently owned by corporate insiders.
A number of analysts have recently weighed in on AMH shares. Mizuho set a $23.00 price objective on American Homes 4 Rent and gave the stock a “buy” rating in a research report on Monday, March 19th. B. Riley started coverage on American Homes 4 Rent in a research note on Monday, March 12th. They issued a “buy” rating and a $26.00 target price for the company. BTIG Research reduced their price objective on American Homes 4 Rent from $26.00 to $23.00 and set a “buy” rating for the company in a research note on Monday, February 26th. TheStreet lowered American Homes 4 Rent from a “b-” rating to a “c+” rating in a research note on Wednesday, January 10th. Finally, Robert W. Baird began coverage on American Homes 4 Rent in a report on Thursday, March 29th. They issued an “outperform” rating and a $23.00 price objective on the stock. Two analysts have rated the stock with a sell rating and nine have given a buy rating to the stock. American Homes 4 Rent currently has an average rating of “Buy” and a consensus target price of $24.50.
American Homes 4 Rent stock opened at $19.71 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.59 and a current ratio of 0.59. The firm has a market cap of $5,695.03, a PE ratio of 19.32, a P/E/G ratio of 1.29 and a beta of 0.59. American Homes 4 Rent has a twelve month low of $18.39 and a twelve month high of $23.83.
American Homes 4 Rent (NYSE:AMH) last issued its earnings results on Thursday, February 22nd. The real estate investment trust reported $0.26 EPS for the quarter, hitting analysts’ consensus estimates of $0.26. American Homes 4 Rent had a net margin of 8.43% and a return on equity of 1.45%. The firm had revenue of $242.80 million during the quarter, compared to the consensus estimate of $244.81 million. During the same quarter in the previous year, the firm posted $0.26 earnings per share. The company’s revenue was up 6.7% compared to the same quarter last year. analysts predict that American Homes 4 Rent will post 1.13 EPS for the current year.
American Homes 4 Rent announced that its Board of Directors has initiated a share buyback program on Thursday, February 22nd that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the real estate investment trust to reacquire shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which was paid on Monday, April 2nd. Stockholders of record on Thursday, March 15th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Wednesday, March 14th. This represents a $0.20 annualized dividend and a dividend yield of 1.01%. American Homes 4 Rent’s dividend payout ratio (DPR) is 19.61%.
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American Homes 4 Rent Company 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.
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