Exane Derivatives Sells 395 Shares of American Homes 4 Rent (NYSE:AMH)

Exane Derivatives reduced its position in shares of American Homes 4 Rent (NYSE:AMHGet Rating) by 8.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,172 shares of the real estate investment trust’s stock after selling 395 shares during the quarter. Exane Derivatives’ holdings in American Homes 4 Rent were worth $148,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. National Bank of Canada FI raised its holdings in American Homes 4 Rent by 11,168.2% during the 1st quarter. National Bank of Canada FI now owns 111,330 shares of the real estate investment trust’s stock valued at $4,822,000 after buying an additional 110,342 shares during the last quarter. Park Avenue Securities LLC bought a new stake in American Homes 4 Rent during the 1st quarter valued at $213,000. Long Pond Capital LP raised its holdings in American Homes 4 Rent by 7.4% during the 4th quarter. Long Pond Capital LP now owns 4,124,975 shares of the real estate investment trust’s stock valued at $179,890,000 after buying an additional 282,791 shares during the last quarter. BOKF NA raised its holdings in American Homes 4 Rent by 134.8% during the 4th quarter. BOKF NA now owns 88,930 shares of the real estate investment trust’s stock valued at $3,878,000 after buying an additional 51,050 shares during the last quarter. Finally, Ninepoint Partners LP increased its position in American Homes 4 Rent by 11.7% during the 1st quarter. Ninepoint Partners LP now owns 7,240 shares of the real estate investment trust’s stock valued at $290,000 after purchasing an additional 761 shares during the period. 88.49% of the stock is currently owned by institutional investors.

Insider Activity at American Homes 4 Rent

In other American Homes 4 Rent news, COO Bryan Smith sold 5,519 shares of the company’s stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $35.67, for a total transaction of $196,862.73. Following the transaction, the chief operating officer now owns 81,287 shares in the company, valued at approximately $2,899,507.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other American Homes 4 Rent news, COO Bryan Smith sold 5,519 shares of the company’s stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $35.67, for a total transaction of $196,862.73. Following the transaction, the chief operating officer now owns 81,287 shares in the company, valued at approximately $2,899,507.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Tamara Hughes Gustavson bought 281,695 shares of the stock in a transaction on Wednesday, September 7th. The shares were bought at an average price of $36.40 per share, for a total transaction of $10,253,698.00. Following the purchase, the director now directly owns 269,470 shares in the company, valued at approximately $9,808,708. The disclosure for this purchase can be found here. 6.03% of the stock is currently owned by insiders.

American Homes 4 Rent Stock Performance

Shares of AMH stock opened at $34.26 on Wednesday. American Homes 4 Rent has a one year low of $32.60 and a one year high of $44.07. The company’s 50-day moving average is $36.61 and its 200 day moving average is $37.47. The company has a market capitalization of $11.94 billion, a price-to-earnings ratio of 60.11, a price-to-earnings-growth ratio of 3.26 and a beta of 0.60. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.52 and a current ratio of 0.52.

American Homes 4 Rent (NYSE:AMHGet Rating) last announced its quarterly earnings data on Thursday, August 4th. The real estate investment trust reported $0.16 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.22). American Homes 4 Rent had a net margin of 15.67% and a return on equity of 3.46%. The firm had revenue of $361.90 million for the quarter, compared to analysts’ expectations of $362.35 million. During the same period last year, the company posted $0.33 earnings per share. The business’s revenue for the quarter was up 15.4% compared to the same quarter last year. Sell-side analysts expect that American Homes 4 Rent will post 1.56 EPS for the current fiscal year.

American Homes 4 Rent Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 15th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 2.10%. The ex-dividend date of this dividend is Wednesday, September 14th. American Homes 4 Rent’s dividend payout ratio (DPR) is 126.32%.

Analysts Set New Price Targets

A number of research analysts have issued reports on AMH shares. Capital One Financial started coverage on shares of American Homes 4 Rent in a research report on Friday, July 8th. They set an “overweight” rating and a $43.00 price objective on the stock. Evercore ISI reduced their price objective on shares of American Homes 4 Rent from $39.00 to $38.00 and set an “outperform” rating on the stock in a research report on Monday. Raymond James reissued a “strong-buy” rating and set a $45.00 price objective (down from $48.00) on shares of American Homes 4 Rent in a research report on Thursday, June 23rd. Morgan Stanley boosted their price objective on shares of American Homes 4 Rent from $37.50 to $39.00 and gave the company an “equal weight” rating in a research report on Thursday, August 25th. Finally, Credit Suisse Group reduced their price objective on shares of American Homes 4 Rent from $44.00 to $36.00 and set a “neutral” rating on the stock in a research report on Thursday, June 23rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, American Homes 4 Rent presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.07.

American Homes 4 Rent Profile

(Get Rating)

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, developing, renovating, leasing, and operating attractive, single-family homes as rental properties.

Further Reading

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

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