Amundi Pioneer Asset Management Inc. lowered its stake in shares of American Homes 4 Rent (NYSE:AMH) by 2.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,370,431 shares of the real estate investment trust’s stock after selling 32,907 shares during the quarter. Amundi Pioneer Asset Management Inc.’s holdings in American Homes 4 Rent were worth $27,519,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. American International Group Inc. purchased a new stake in shares of American Homes 4 Rent during the 4th quarter valued at $109,000. Granite Springs Asset Management LLC bought a new position in shares of American Homes 4 Rent during the 4th quarter valued at $279,000. Virtu Financial LLC bought a new position in shares of American Homes 4 Rent during the 4th quarter valued at $328,000. QS Investors LLC grew its holdings in shares of American Homes 4 Rent by 141.9% during the 4th quarter. QS Investors LLC now owns 17,217 shares of the real estate investment trust’s stock valued at $376,000 after purchasing an additional 10,100 shares during the last quarter. Finally, Alps Advisors Inc. bought a new position in shares of American Homes 4 Rent during the 1st quarter valued at $361,000. Hedge funds and other institutional investors own 85.44% of the company’s stock.
Several research firms recently commented on AMH. Morgan Stanley reduced their target price on shares of American Homes 4 Rent from $25.00 to $22.50 and set an “overweight” rating on the stock in a report on Thursday, June 14th. ValuEngine raised shares of American Homes 4 Rent from a “sell” rating to a “hold” rating in a report on Friday, June 8th. Robert W. Baird began coverage on shares of American Homes 4 Rent in a report on Thursday, March 29th. They set an “outperform” rating and a $23.00 target price on the stock. Mizuho set a $23.00 target price on shares of American Homes 4 Rent and gave the company a “buy” rating in a report on Monday, March 19th. Finally, B. Riley began coverage on shares of American Homes 4 Rent in a report on Monday, March 12th. They set a “buy” rating and a $26.00 target price on the stock. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $24.33.
In other news, Director B Wayne Et Al Hughes purchased 19,320 shares of the business’s stock in a transaction on Wednesday, May 9th. The shares were acquired at an average price of $20.70 per share, with a total value of $399,924.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Douglas N. Benham purchased 2,000 shares of the business’s stock in a transaction on Tuesday, May 29th. The stock was purchased at an average cost of $23.14 per share, for a total transaction of $46,280.00. The disclosure for this purchase can be found here. In the last three months, insiders acquired 913,099 shares of company stock worth $18,385,566. Insiders own 26.52% of the company’s stock.
Shares of American Homes 4 Rent opened at $21.84 on Thursday, Marketbeat.com reports. The firm has a market capitalization of $6.27 billion, a price-to-earnings ratio of 21.41, a PEG ratio of 1.40 and a beta of 0.58. American Homes 4 Rent has a 12-month low of $18.39 and a 12-month high of $23.23. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.48 and a current ratio of 1.48.
American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings results on Thursday, May 3rd. The real estate investment trust reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). The firm had revenue of $258.00 million during the quarter, compared to the consensus estimate of $251.72 million. American Homes 4 Rent had a return on equity of 1.56% and a net margin of 9.07%. American Homes 4 Rent’s revenue was up 10.4% on a year-over-year basis. During the same period last year, the business earned $0.26 EPS. research analysts expect that American Homes 4 Rent will post 1.09 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, July 2nd. Shareholders of record on Friday, June 15th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date is Thursday, June 14th. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 19.61%.
American Homes 4 Rent announced that its Board of Directors has initiated a share repurchase 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 buy shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.
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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