Zimmer Partners LP decreased its holdings in American Homes 4 Rent (NYSE:AMH) by 68.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 750,000 shares of the real estate investment trust’s stock after selling 1,600,000 shares during the quarter. Zimmer Partners LP owned approximately 0.26% of American Homes 4 Rent worth $16,380,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company raised its stake in 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 valued at $164,000 after buying an additional 515 shares in the last quarter. Amalgamated Bank raised its stake in American Homes 4 Rent by 6.4% during the fourth quarter. Amalgamated Bank now owns 46,033 shares of the real estate investment trust’s stock valued at $1,005,000 after buying an additional 2,754 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of American Homes 4 Rent by 8.3% during the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 36,479 shares of the real estate investment trust’s stock worth $784,000 after purchasing an additional 2,800 shares during the period. Rhumbline Advisers raised its position in shares of American Homes 4 Rent by 1.2% during the 4th quarter. Rhumbline Advisers now owns 259,368 shares of the real estate investment trust’s stock worth $5,665,000 after purchasing an additional 3,053 shares during the period. Finally, Swiss National Bank raised its position in shares of American Homes 4 Rent by 0.9% during the 3rd quarter. Swiss National Bank now owns 388,717 shares of the real estate investment trust’s stock worth $8,439,000 after purchasing an additional 3,400 shares during the period. Institutional investors and hedge funds own 90.65% of the company’s stock.
AMH opened at $19.71 on Friday. 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 fifty-two week low of $18.39 and a fifty-two week high of $23.83. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.59 and a quick ratio of 0.59.
American Homes 4 Rent (NYSE:AMH) last released its earnings results on Thursday, February 22nd. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.26. The company had revenue of $242.80 million during 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 company’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.26 earnings per share. equities research analysts forecast that American Homes 4 Rent will post 1.13 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, April 2nd. Investors of record on Thursday, March 15th were issued 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 is 19.61%.
American Homes 4 Rent declared that its board has approved a stock buyback program on Thursday, February 22nd that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the real estate investment trust to repurchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.
A number of analysts have recently weighed in on AMH shares. BTIG Research dropped their price target on American Homes 4 Rent from $26.00 to $23.00 and set a “buy” rating on the stock in a research report on Monday, February 26th. Mizuho set a $22.00 price objective on American Homes 4 Rent and gave the stock a “buy” rating in a report on Tuesday, February 27th. TheStreet lowered American Homes 4 Rent from a “b-” rating to a “c+” rating in a report on Wednesday, January 10th. B. Riley set a $26.00 price target on American Homes 4 Rent and gave the company a “buy” rating in a research note on Friday, February 23rd. Finally, Zacks Investment Research lowered American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Tuesday, February 27th. Two research analysts have rated the stock with a sell rating and nine have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $24.50.
In related news, Director Dann V. Angeloff sold 3,000 shares of the 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Douglas N. Benham acquired 2,005 shares of the business’s stock in a transaction that occurred on Friday, January 26th. The shares were purchased at an average price of $24.80 per share, with a total value of $49,724.00. The disclosure for this purchase can be found here. 27.82% of the stock is currently owned by company insiders.
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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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