Fmr LLC Cuts Holdings in American Homes 4 Rent (AMH)

Fmr LLC decreased its position in American Homes 4 Rent (NYSE:AMH) by 25.4% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 8,880,435 shares of the real estate investment trust’s stock after selling 3,026,130 shares during the period. Fmr LLC owned about 3.00% of American Homes 4 Rent worth $194,391,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Qube Research & Technologies Ltd bought a new stake in American Homes 4 Rent in the 2nd quarter valued at approximately $123,000. US Bancorp DE lifted its stake in American Homes 4 Rent by 75.6% in the 2nd quarter. US Bancorp DE now owns 7,041 shares of the real estate investment trust’s stock valued at $156,000 after acquiring an additional 3,032 shares in the last quarter. First Hawaiian Bank bought a new stake in American Homes 4 Rent in the 3rd quarter valued at approximately $187,000. Tower Research Capital LLC TRC bought a new stake in American Homes 4 Rent in the 2nd quarter valued at approximately $209,000. Finally, OppenheimerFunds Inc. bought a new stake in American Homes 4 Rent in the 2nd quarter valued at approximately $225,000. Hedge funds and other institutional investors own 88.10% of the company’s stock.

In other American Homes 4 Rent news, Director Douglas N. Benham purchased 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 10th. The shares were acquired at an average price of $23.73 per share, for a total transaction of $47,460.00. Following the purchase, the director now owns 8,000 shares in the company, valued at $189,840. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Tamara Hughes Gustavson purchased 355,998 shares of the company’s stock in a transaction that occurred on Tuesday, November 13th. The stock was acquired at an average price of $20.48 per share, for a total transaction of $7,290,839.04. Following the purchase, the director now owns 16,869,998 shares in the company, valued at approximately $345,497,559.04. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 2,381,479 shares of company stock worth $47,852,315. Company insiders own 27.82% of the company’s stock.

Shares of American Homes 4 Rent stock opened at $20.70 on Thursday. American Homes 4 Rent has a 12-month low of $18.39 and a 12-month high of $23.34. The company has a market cap of $6.14 billion, a PE ratio of 20.29, a P/E/G ratio of 1.53 and a beta of 0.60. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.45.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings data on Thursday, November 1st. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.22). American Homes 4 Rent had a return on equity of 1.90% and a net margin of 10.70%. The company had revenue of $280.10 million for the quarter, compared to the consensus estimate of $270.24 million. During the same quarter in the prior year, the company earned $0.25 EPS. The company’s revenue for the quarter was up 13.5% on a year-over-year basis. As a group, equities analysts expect that American Homes 4 Rent will post 1.07 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Friday, December 14th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date is Thursday, December 13th. American Homes 4 Rent’s dividend payout ratio is currently 19.61%.

Several equities research analysts have commented on AMH shares. Zacks Investment Research cut American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Thursday, August 9th. Wells Fargo & Co boosted their target price on American Homes 4 Rent from $22.00 to $24.00 and gave the company a “market perform” rating in a research note on Tuesday, August 28th. BTIG Research set a $25.00 target price on American Homes 4 Rent and gave the company a “buy” rating in a research note on Monday, November 5th. Mizuho cut American Homes 4 Rent from a “buy” rating to a “neutral” rating and cut their target price for the company from $24.00 to $22.00 in a research note on Wednesday, November 14th. Finally, JPMorgan Chase & Co. dropped their price objective on American Homes 4 Rent from $26.00 to $25.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 14th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $23.75.

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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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