American Homes 4 Rent (AMH) Shares Bought by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA grew its stake in shares of American Homes 4 Rent (NYSE:AMH) by 10.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,389,052 shares of the real estate investment trust’s stock after acquiring an additional 233,292 shares during the period. Massachusetts Financial Services Co. MA owned 0.83% of American Homes 4 Rent worth $47,971,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of AMH. American International Group Inc. acquired a new stake in American Homes 4 Rent during the fourth quarter worth approximately $109,000. Granite Springs Asset Management LLC acquired a new stake in American Homes 4 Rent during the fourth quarter worth approximately $279,000. Virtu Financial LLC acquired a new stake in American Homes 4 Rent during the fourth quarter worth approximately $328,000. RMR Advisors LLC acquired a new stake in American Homes 4 Rent during the fourth quarter worth approximately $352,000. Finally, Alps Advisors Inc. acquired a new stake in American Homes 4 Rent during the first quarter worth approximately $361,000. Hedge funds and other institutional investors own 92.66% of the company’s stock.

American Homes 4 Rent opened at $20.05 on Wednesday, according to MarketBeat. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.48 and a quick ratio of 1.48. American Homes 4 Rent has a 1-year low of $20.09 and a 1-year high of $20.40. The company has a market capitalization of $6.08 billion, a PE ratio of 20.14, a price-to-earnings-growth ratio of 1.35 and a beta of 0.59.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings results on Thursday, May 3rd. The real estate investment trust reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). American Homes 4 Rent had a net margin of 9.07% and a return on equity of 1.56%. The business had revenue of $258.00 million during the quarter, compared to analyst estimates of $251.72 million. During the same quarter in the previous year, the firm posted $0.26 earnings per share. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. sell-side analysts anticipate that American Homes 4 Rent will post 1.11 earnings per share for the current year.

American Homes 4 Rent announced that its board has authorized a share repurchase plan on Thursday, February 22nd that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the real estate investment trust to purchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 2nd. Stockholders of record on Friday, June 15th will be given a $0.05 dividend. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.00%. American Homes 4 Rent’s payout ratio is 19.61%.

In other American Homes 4 Rent news, Director B Wayne Et Al Hughes purchased 242,223 shares of the company’s stock in a transaction dated Monday, May 14th. The stock was bought at an average cost of $20.64 per share, for a total transaction of $4,999,482.72. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Dann V. Angeloff sold 3,000 shares of American Homes 4 Rent stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $19.67, for a total transaction of $59,010.00. The disclosure for this sale can be found here. Over the last quarter, insiders bought 262,385 shares of company stock valued at $5,418,520. 26.52% of the stock is owned by company insiders.

Several equities research analysts have issued reports on the stock. Robert W. Baird assumed coverage on shares of American Homes 4 Rent in a research report on Thursday, March 29th. They set an “outperform” rating and a $23.00 price objective for the company. B. Riley assumed 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 price objective for the company. Mizuho set a $23.00 price objective on shares of American Homes 4 Rent and gave the stock a “buy” rating in a research report on Monday, March 19th. BTIG Research cut their price objective on shares of American Homes 4 Rent from $26.00 to $23.00 and set a “buy” rating for the company in a research report on Monday, February 26th. Finally, 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. Two research analysts have rated the stock with a sell rating and nine have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $24.56.

American Homes 4 Rent Company Profile

American Homes 4 Rent (NYSE: AMH) is a leader in the single-family home rental industry and "American Homes 4 Rent" is fast becoming a nationally recognized brand for rental homes, known for high quality, good value and tenant satisfaction. We are an internally managed Maryland real estate investment trust, or REIT, focused on acquiring, renovating, leasing, and operating attractive, 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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