A.R.T. Advisors LLC decreased its stake in shares of American Homes 4 Rent (NYSE:AMH) by 23.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,700 shares of the real estate investment trust’s stock after selling 10,200 shares during the period. A.R.T. Advisors LLC’s holdings in American Homes 4 Rent were worth $656,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of AMH. Long Pond Capital LP bought a new stake in shares of American Homes 4 Rent during the first quarter worth $218,345,000. Centersquare Investment Management LLC bought a new stake in shares of American Homes 4 Rent during the first quarter worth $162,725,000. Ceredex Value Advisors LLC bought a new stake in shares of American Homes 4 Rent during the first quarter worth $82,532,000. BlackRock Inc. increased its position in shares of American Homes 4 Rent by 11.2% during the first quarter. BlackRock Inc. now owns 18,400,464 shares of the real estate investment trust’s stock worth $369,481,000 after acquiring an additional 1,846,433 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of American Homes 4 Rent by 42.0% during the first quarter. Principal Financial Group Inc. now owns 6,111,266 shares of the real estate investment trust’s stock worth $122,715,000 after acquiring an additional 1,808,597 shares in the last quarter. 85.48% of the stock is owned by institutional investors.
AMH has been the subject of several recent research reports. B. Riley initiated 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 for the company. ValuEngine cut shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Thursday, May 17th. Robert W. Baird initiated 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 for the company. Mizuho set a $23.00 target price on shares of American Homes 4 Rent and gave the stock a “buy” rating in a report on Monday, March 19th. Finally, Morgan Stanley reduced their target price on shares of American Homes 4 Rent from $25.00 to $22.50 and set an “overweight” rating for the company in a report on Thursday, June 14th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $24.33.
Shares of American Homes 4 Rent opened at $22.18 on Friday, according to MarketBeat.com. American Homes 4 Rent has a 12 month low of $18.39 and a 12 month high of $23.23. The firm has a market cap of $6.51 billion, a P/E ratio of 21.75, a price-to-earnings-growth ratio of 1.45 and a beta of 0.58. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.48.
American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings results on Thursday, May 3rd. The real estate investment trust reported $0.02 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 analyst estimates of $251.72 million. American Homes 4 Rent had a net margin of 9.07% and a return on equity of 1.56%. The business’s revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.26 EPS. equities research analysts predict that American Homes 4 Rent will post 1.09 EPS for the current 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 paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date is Thursday, June 14th. American Homes 4 Rent’s dividend payout ratio is currently 19.61%.
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 stock was purchased at an average price of $20.70 per share, for a total transaction of $399,924.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 price of $23.14 per share, with a total value of $46,280.00. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 913,099 shares of company stock valued at $18,385,566. Corporate insiders own 27.82% of the company’s stock.
About American Homes 4 Rent
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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