Ceredex Value Advisors LLC acquired a new position in shares of American Homes 4 Rent (NYSE:AMH) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 4,100,000 shares of the real estate investment trust’s stock, valued at approximately $82,532,000. American Homes 4 Rent accounts for about 1.0% of Ceredex Value Advisors LLC’s portfolio, making the stock its 26th largest position. Ceredex Value Advisors LLC owned 1.43% of American Homes 4 Rent as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. American International Group Inc. acquired a new stake in American Homes 4 Rent during the 4th quarter worth approximately $109,000. Granite Springs Asset Management LLC acquired a new stake in American Homes 4 Rent during the 4th quarter worth approximately $279,000. Virtu Financial LLC acquired a new stake in American Homes 4 Rent during the 4th quarter worth approximately $328,000. RMR Advisors LLC acquired a new stake in American Homes 4 Rent during the 4th quarter worth approximately $352,000. Finally, Alps Advisors Inc. acquired a new stake in American Homes 4 Rent during the 1st quarter worth approximately $361,000. Institutional investors and hedge funds own 92.66% of the company’s stock.
In related news, Director B Wayne Et Al Hughes purchased 242,223 shares of the firm’s stock in a transaction dated Monday, May 14th. The stock was acquired at an average price of $20.64 per share, with a total value of $4,999,482.72. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Dann V. Angeloff sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, March 12th. The stock was 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. Insiders have bought 262,385 shares of company stock valued at $5,418,520 in the last three months. Corporate insiders own 27.82% of the company’s stock.
Shares of NYSE:AMH opened at $19.79 on Friday. 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 52-week low of $19.94 and a 52-week high of $20.13. The company has a market capitalization of $5.93 billion, a price-to-earnings ratio of 19.40, a PEG ratio of 1.32 and a beta of 0.59.
American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings data on Thursday, May 3rd. The real estate investment trust reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate 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 firm had revenue of $258.00 million during the quarter, compared to analyst estimates of $251.72 million. During the same period last year, the business earned $0.26 EPS. The firm’s revenue was up 10.4% compared to the same quarter last year. analysts anticipate that American Homes 4 Rent will post 1.11 EPS for the current fiscal year.
American Homes 4 Rent announced that its board has authorized a share repurchase program on Thursday, February 22nd that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the real estate investment trust to buy shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.
The business 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 dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend is Thursday, June 14th. American Homes 4 Rent’s payout ratio is currently 19.61%.
A number of research firms recently issued reports on AMH. ValuEngine downgraded shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Thursday. Mizuho set a $23.00 price objective on shares of American Homes 4 Rent and gave the company a “buy” rating in a research report on Monday, March 19th. 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. Robert W. Baird began coverage on shares of American Homes 4 Rent in a research report on Thursday, March 29th. They issued an “outperform” rating and a $23.00 price objective for the company. Finally, B. Riley set a $26.00 price objective on shares of American Homes 4 Rent and gave the company a “buy” rating in a research report on Friday, February 23rd. Three research 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 $24.56.
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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