Pendal Group Ltd Trims Position in American Homes 4 Rent (NYSE:AMH)

Pendal Group Ltd lessened its holdings in shares of American Homes 4 Rent (NYSE:AMH) by 17.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 77,200 shares of the real estate investment trust’s stock after selling 15,800 shares during the quarter. Pendal Group Ltd’s holdings in American Homes 4 Rent were worth $1,877,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. BlackRock Inc. lifted its stake in shares of American Homes 4 Rent by 4.7% during the 1st quarter. BlackRock Inc. now owns 20,522,380 shares of the real estate investment trust’s stock worth $466,268,000 after purchasing an additional 919,749 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of American Homes 4 Rent by 35.4% during the 1st quarter. JPMorgan Chase & Co. now owns 14,029,048 shares of the real estate investment trust’s stock worth $318,739,000 after purchasing an additional 3,671,347 shares during the period. Principal Financial Group Inc. lifted its stake in shares of American Homes 4 Rent by 10.9% during the 1st quarter. Principal Financial Group Inc. now owns 9,784,600 shares of the real estate investment trust’s stock worth $222,306,000 after purchasing an additional 961,803 shares during the period. FMR LLC lifted its stake in shares of American Homes 4 Rent by 15.4% during the 1st quarter. FMR LLC now owns 9,322,298 shares of the real estate investment trust’s stock worth $211,803,000 after purchasing an additional 1,247,543 shares during the period. Finally, Clearbridge Investments LLC lifted its stake in shares of American Homes 4 Rent by 7.3% during the 1st quarter. Clearbridge Investments LLC now owns 6,764,231 shares of the real estate investment trust’s stock worth $153,683,000 after purchasing an additional 458,132 shares during the period. 87.59% of the stock is currently owned by institutional investors.

In related news, insider Bryan Smith sold 10,519 shares of the stock in a transaction on Friday, May 24th. The stock was sold at an average price of $24.44, for a total value of $257,084.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO David P. Singelyn sold 35,535 shares of the stock in a transaction on Monday, May 20th. The shares were sold at an average price of $24.00, for a total value of $852,840.00. Following the completion of the sale, the chief executive officer now owns 100 shares of the company’s stock, valued at $2,400. The disclosure for this sale can be found here. Over the last quarter, insiders sold 96,054 shares of company stock valued at $2,350,424. 27.58% of the stock is owned by insiders.

Several brokerages recently weighed in on AMH. Zacks Investment Research raised American Homes 4 Rent from a “sell” rating to a “hold” rating in a research report on Wednesday, August 7th. ValuEngine lowered American Homes 4 Rent from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Citigroup lowered American Homes 4 Rent from a “buy” rating to a “neutral” rating and set a $25.00 target price on the stock. in a research report on Tuesday, June 11th. Finally, BTIG Research lowered American Homes 4 Rent from a “buy” rating to a “neutral” rating in a research report on Thursday, August 1st. They noted that the move was a valuation call. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $24.50.

Shares of AMH traded up $0.25 during trading hours on Thursday, hitting $24.49. The stock had a trading volume of 33,332 shares, compared to its average volume of 1,982,187. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market capitalization of $7.39 billion, a price-to-earnings ratio of 23.14, a P/E/G ratio of 2.04 and a beta of 0.62. The stock has a fifty day simple moving average of $24.85. American Homes 4 Rent has a 12-month low of $18.91 and a 12-month high of $26.00.

American Homes 4 Rent (NYSE:AMH) last issued its earnings results on Monday, July 29th. The real estate investment trust reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.19). The firm had revenue of $281.90 million during the quarter, compared to analysts’ expectations of $279.04 million. American Homes 4 Rent had a return on equity of 1.86% and a net margin of 10.02%. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period last year, the business posted $0.27 earnings per share. As a group, sell-side analysts expect that American Homes 4 Rent will post 1.11 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be issued a $0.05 dividend. The ex-dividend date is Thursday, September 12th. This represents a $0.20 annualized dividend and a yield of 0.82%. American Homes 4 Rent’s dividend payout ratio is currently 18.87%.

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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Institutional Ownership by Quarter for American Homes 4 Rent (NYSE:AMH)

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