American Homes 4 Rent (AMH) Shares Bought by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. raised its holdings in American Homes 4 Rent (NYSE:AMH) by 9.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 144,690 shares of the real estate investment trust’s stock after purchasing an additional 12,600 shares during the period. Nomura Asset Management Co. Ltd. owned about 0.05% of American Homes 4 Rent worth $3,160,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in 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 valued at $432,000 after purchasing an additional 3,674 shares during the period. RMR Advisors LLC acquired a new stake in American Homes 4 Rent in the fourth quarter valued at approximately $352,000. UBS Asset Management Americas Inc. grew its holdings in American Homes 4 Rent by 15.6% in the fourth 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 purchasing an additional 80,137 shares during the period. Teacher Retirement System of Texas grew its holdings in American Homes 4 Rent by 323.3% in the fourth 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 purchasing an additional 61,828 shares during the period. Finally, Virtu Financial LLC acquired a new stake in American Homes 4 Rent in the fourth quarter valued at approximately $328,000. 90.65% of the stock is currently owned by institutional investors.

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Several analysts have commented on the company. JPMorgan Chase raised American Homes 4 Rent from a “neutral” rating to an “overweight” rating and set a $26.00 price objective on the stock in a report on Friday, December 15th. TheStreet lowered American Homes 4 Rent from a “b-” rating to a “c+” rating in a report on Wednesday, January 10th. Robert W. Baird assumed 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. B. Riley started coverage on American Homes 4 Rent in a report on Monday, March 12th. They issued a “buy” rating and a $26.00 price objective on the stock. Finally, Mizuho set a $23.00 price target on American Homes 4 Rent and gave the stock a “buy” rating in a research note on Monday, March 19th. Two equities research analysts have rated the stock with a sell rating and nine have given a buy rating to the company’s stock. American Homes 4 Rent presently has a consensus rating of “Buy” and a consensus price target of $24.50.

Shares of NYSE:AMH opened at $19.71 on Friday. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $5,695.03, a PE ratio of 19.32, a PEG ratio of 1.29 and a beta of 0.59. American Homes 4 Rent has a 1 year low of $18.39 and a 1 year high of $23.83.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings results on Thursday, February 22nd. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.26. The firm had revenue of $242.80 million for the quarter, compared to analyst estimates of $244.81 million. American Homes 4 Rent had a return on equity of 1.45% and a net margin of 8.43%. The business’s revenue was up 6.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.26 earnings per share. research analysts anticipate that American Homes 4 Rent will post 1.13 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 2nd. Shareholders of record on Thursday, March 15th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date was Wednesday, March 14th. American Homes 4 Rent’s dividend payout ratio (DPR) is currently 19.61%.

American Homes 4 Rent declared that its board has authorized a share buyback program on Thursday, February 22nd that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the real estate investment trust to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

In other American Homes 4 Rent news, Director Dann V. Angeloff sold 3,000 shares of the business’s stock in a transaction on Monday, March 12th. The stock was sold at an average price of $19.67, for a total transaction of $59,010.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Douglas N. Benham acquired 2,005 shares of the stock in a transaction on Friday, January 26th. The shares were bought at an average cost of $24.80 per share, for a total transaction of $49,724.00. The disclosure for this purchase can be found here. 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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