American Homes 4 Rent (AMH) Shares Bought by LPL Financial LLC

LPL Financial LLC grew its stake in American Homes 4 Rent (NYSE:AMH) by 11.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,842 shares of the real estate investment trust’s stock after purchasing an additional 4,008 shares during the period. LPL Financial LLC’s holdings in American Homes 4 Rent were worth $870,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of AMH. Bank of New York Mellon Corp boosted its stake in shares of American Homes 4 Rent by 59.5% in the 4th quarter. Bank of New York Mellon Corp now owns 9,716,620 shares of the real estate investment trust’s stock valued at $212,211,000 after purchasing an additional 3,624,238 shares in the last quarter. Security Capital Research & Management Inc. boosted its stake in shares of American Homes 4 Rent by 128.7% in the 4th quarter. Security Capital Research & Management Inc. now owns 4,731,445 shares of the real estate investment trust’s stock valued at $103,335,000 after purchasing an additional 2,662,450 shares in the last quarter. Virtus Fund Advisers LLC boosted its stake in shares of American Homes 4 Rent by 104.6% in the 4th quarter. Virtus Fund Advisers LLC now owns 3,458,750 shares of the real estate investment trust’s stock valued at $75,712,000 after purchasing an additional 1,768,150 shares in the last quarter. BlackRock Inc. boosted its stake in shares of American Homes 4 Rent by 4.8% in the 4th quarter. BlackRock Inc. now owns 16,554,031 shares of the real estate investment trust’s stock valued at $361,539,000 after purchasing an additional 765,649 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its stake in shares of American Homes 4 Rent by 18.6% in the 4th quarter. Clearbridge Investments LLC now owns 4,756,576 shares of the real estate investment trust’s stock valued at $103,884,000 after purchasing an additional 745,672 shares in the last quarter. Institutional investors own 90.66% of the company’s stock.

How to Become a New Pot Stock Millionaire

AMH has been the topic of a number of research analyst reports. TheStreet downgraded shares of American Homes 4 Rent from a “b-” rating to a “c+” rating in a research note on Wednesday, January 10th. JPMorgan Chase upgraded 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 report on Friday, December 15th. Zacks Investment Research downgraded shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Tuesday, February 27th. B. Riley began coverage on shares of American Homes 4 Rent in a research report on Monday, March 12th. They set a “buy” rating and a $26.00 target price on the stock. Finally, BTIG Research cut their target price on shares of 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. Two equities research analysts have rated the stock with a sell rating and nine have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $24.50.

In other news, Director Dann V. Angeloff sold 3,000 shares of the business’s 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Douglas N. Benham purchased 2,005 shares of the company’s stock in a transaction dated Friday, January 26th. The stock was purchased 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 insiders.

NYSE:AMH 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. American Homes 4 Rent has a one year low of $18.39 and a one year high of $23.83. The company has a market cap of $5,703.64, a P/E ratio of 19.32, a price-to-earnings-growth ratio of 1.29 and a beta of 0.59.

American Homes 4 Rent (NYSE:AMH) last posted its earnings results on Thursday, February 22nd. The real estate investment trust reported $0.26 EPS for the quarter, hitting the consensus estimate of $0.26. American Homes 4 Rent had a net margin of 8.43% and a return on equity of 1.45%. The business had revenue of $242.80 million for the quarter, compared to the consensus estimate of $244.81 million. During the same period last year, the company earned $0.26 EPS. The firm’s revenue was up 6.7% compared to the same quarter last year. analysts expect that American Homes 4 Rent will post 1.12 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, April 2nd. Investors of record on Thursday, March 15th were given 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 yield of 1.01%. American Homes 4 Rent’s dividend payout ratio is presently 19.61%.

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

ILLEGAL ACTIVITY NOTICE: This piece of content was originally posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of US and international trademark and copyright legislation. The correct version of this piece of content can be read at https://www.dispatchtribunal.com/2018/04/13/american-homes-4-rent-amh-shares-bought-by-lpl-financial-llc.html.

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.

Want to see what other hedge funds are holding AMH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Homes 4 Rent (NYSE:AMH).

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

Receive News & Ratings for American Homes 4 Rent Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Homes 4 Rent and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply