PGGM Investments Invests $230.04 Million in American Homes 4 Rent (NYSE:AMH)

PGGM Investments acquired a new position in American Homes 4 Rent (NYSE:AMH) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 8,776,644 shares of the real estate investment trust’s stock, valued at approximately $230,036,000. American Homes 4 Rent accounts for approximately 1.3% of PGGM Investments’ investment portfolio, making the stock its 19th largest position. PGGM Investments owned 2.92% of American Homes 4 Rent as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of the company. US Bancorp DE boosted its holdings in American Homes 4 Rent by 2.2% during the second quarter. US Bancorp DE now owns 35,176 shares of the real estate investment trust’s stock valued at $856,000 after purchasing an additional 760 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of American Homes 4 Rent by 1.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 94,602 shares of the real estate investment trust’s stock worth $2,449,000 after acquiring an additional 993 shares in the last quarter. Jane Street Group LLC boosted its holdings in shares of American Homes 4 Rent by 8.1% in the 2nd quarter. Jane Street Group LLC now owns 14,785 shares of the real estate investment trust’s stock worth $359,000 after acquiring an additional 1,108 shares in the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of American Homes 4 Rent in the 3rd quarter worth approximately $31,000. Finally, Quest Capital Management Inc. ADV acquired a new position in shares of American Homes 4 Rent in the 3rd quarter worth approximately $32,000. Institutional investors and hedge funds own 85.98% of the company’s stock.

Several research analysts have recently commented on AMH shares. Goldman Sachs Group started coverage on American Homes 4 Rent in a report on Friday, November 8th. They issued a “buy” rating and a $29.00 target price on the stock. Morgan Stanley boosted their price objective on shares of American Homes 4 Rent from $27.50 to $29.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 9th. Evercore ISI restated a “buy” rating and issued a $27.00 price objective on shares of American Homes 4 Rent in a research report on Tuesday, November 12th. Zacks Investment Research cut shares of American Homes 4 Rent from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of American Homes 4 Rent from $27.00 to $28.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 3rd. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $27.22.

AMH stock traded down $0.17 during trading on Friday, hitting $26.90. The company had a trading volume of 19,815 shares, compared to its average volume of 1,338,373. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.47. The firm has a 50-day moving average price of $26.14 and a 200-day moving average price of $25.64. American Homes 4 Rent has a 12 month low of $20.98 and a 12 month high of $27.14. The stock has a market cap of $7.96 billion, a price-to-earnings ratio of 25.54, a PEG ratio of 2.22 and a beta of 0.59.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings data on Thursday, November 7th. 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 company had revenue of $298.30 million during the quarter, compared to the consensus estimate of $290.51 million. American Homes 4 Rent had a return on equity of 2.03% and a net margin of 10.74%. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.27 EPS. Equities analysts expect that American Homes 4 Rent will post 1.12 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 7th. Shareholders of record on Thursday, January 2nd were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.74%. The ex-dividend date was Tuesday, December 31st. American Homes 4 Rent’s payout ratio is 18.87%.

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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