Massachusetts Financial Services Co. MA Purchases 248,359 Shares of American Homes 4 Rent (AMH)

Massachusetts Financial Services Co. MA increased its position in shares of American Homes 4 Rent (NYSE:AMH) by 10.3% in the 3rd quarter, HoldingsChannel reports. The fund owned 2,653,479 shares of the real estate investment trust’s stock after buying an additional 248,359 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in American Homes 4 Rent were worth $58,085,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the stock. Citadel Advisors LLC raised its holdings in American Homes 4 Rent by 1,181.0% during the second quarter. Citadel Advisors LLC now owns 2,380,096 shares of the real estate investment trust’s stock valued at $52,790,000 after buying an additional 2,194,301 shares in the last quarter. Principal Financial Group Inc. raised its holdings in 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 valued at $122,715,000 after buying an additional 1,808,597 shares in the last quarter. Security Capital Research & Management Inc. raised its holdings in American Homes 4 Rent by 95.5% during the second quarter. Security Capital Research & Management Inc. now owns 3,339,970 shares of the real estate investment trust’s stock valued at $74,081,000 after buying an additional 1,631,925 shares in the last quarter. Bank of America Corp DE raised its holdings in American Homes 4 Rent by 146.0% during the second quarter. Bank of America Corp DE now owns 2,504,080 shares of the real estate investment trust’s stock valued at $55,540,000 after buying an additional 1,486,363 shares in the last quarter. Finally, American Century Companies Inc. bought a new position in American Homes 4 Rent during the second quarter valued at about $32,196,000. Institutional investors and hedge funds own 89.15% of the company’s stock.

AMH has been the topic of several recent research reports. Zelman & Associates lowered American Homes 4 Rent from a “buy” rating to a “hold” rating in a report on Monday, July 30th. Wells Fargo & Co raised their target price on American Homes 4 Rent from $22.00 to $24.00 and gave the company a “market perform” rating in a report on Tuesday, August 28th. Zacks Investment Research upgraded American Homes 4 Rent from a “sell” rating to a “hold” rating in a report on Monday, August 20th. Finally, Mizuho set a $25.00 target price on American Homes 4 Rent and gave the company a “buy” rating in a report on Friday, August 3rd. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. American Homes 4 Rent currently has an average rating of “Buy” and a consensus target price of $24.25.

In other American Homes 4 Rent news, Director Douglas N. Benham purchased 2,000 shares of the stock in a transaction dated Wednesday, October 10th. The shares were bought at an average cost of $23.73 per share, with a total value of $47,460.00. Following the completion of the transaction, the director now owns 8,000 shares in the company, valued at approximately $189,840. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Sara H. Vogt-Lowell sold 100,000 shares of the firm’s stock in a transaction dated Monday, August 20th. The shares were sold at an average price of $23.00, for a total value of $2,300,000.00. Following the completion of the sale, the insider now directly owns 86,790 shares in the company, valued at $1,996,170. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 150,000 shares of company stock worth $3,450,000. 27.82% of the stock is currently owned by company insiders.

NYSE AMH opened at $20.97 on Friday. American Homes 4 Rent has a fifty-two week low of $18.39 and a fifty-two week high of $23.34. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market cap of $6.28 billion, a price-to-earnings ratio of 20.56, a P/E/G ratio of 1.46 and a beta of 0.58.

American Homes 4 Rent (NYSE:AMH) last posted its earnings results on Thursday, August 2nd. The real estate investment trust reported $0.27 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.27. The company had revenue of $264.48 million for the quarter, compared to analyst estimates of $257.89 million. American Homes 4 Rent had a return on equity of 1.76% and a net margin of 10.20%. The business’s revenue was up 11.6% compared to the same quarter last year. During the same period last year, the company earned $0.26 earnings per share. Analysts anticipate that American Homes 4 Rent will post 1.08 earnings per share for the current fiscal year.

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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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)

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