Bank of Nova Scotia Purchases 7,956 Shares of American Homes 4 Rent (NYSE:AMH)

Bank of Nova Scotia boosted its holdings in shares of American Homes 4 Rent (NYSE:AMHFree Report) by 103.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,667 shares of the real estate investment trust’s stock after purchasing an additional 7,956 shares during the period. Bank of Nova Scotia’s holdings in American Homes 4 Rent were worth $563,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Norges Bank bought a new position in shares of American Homes 4 Rent in the fourth quarter valued at about $789,947,000. Vanguard Group Inc. raised its position in American Homes 4 Rent by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 44,399,483 shares of the real estate investment trust’s stock worth $1,495,819,000 after purchasing an additional 1,011,707 shares during the last quarter. 59 North Capital Management LP lifted its holdings in American Homes 4 Rent by 53.8% during the 3rd quarter. 59 North Capital Management LP now owns 2,300,256 shares of the real estate investment trust’s stock worth $77,496,000 after buying an additional 804,235 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in American Homes 4 Rent by 18.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,484,488 shares of the real estate investment trust’s stock valued at $125,302,000 after buying an additional 531,213 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its stake in shares of American Homes 4 Rent by 84.1% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 918,067 shares of the real estate investment trust’s stock valued at $330,000 after buying an additional 419,385 shares during the period. Institutional investors own 91.87% of the company’s stock.

Analyst Upgrades and Downgrades

AMH has been the subject of a number of research reports. Mizuho lifted their price objective on American Homes 4 Rent from $37.00 to $39.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. Scotiabank increased their price objective on shares of American Homes 4 Rent from $39.00 to $41.00 and gave the company a “sector outperform” rating in a report on Thursday, May 16th. Citigroup upgraded shares of American Homes 4 Rent from a “neutral” rating to a “buy” rating and upped their target price for the company from $37.00 to $41.00 in a research report on Friday, March 22nd. Raymond James increased their price target on American Homes 4 Rent from $40.00 to $41.00 and gave the company an “outperform” rating in a research note on Thursday, March 28th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $39.00 price objective on shares of American Homes 4 Rent in a research note on Monday, February 26th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, American Homes 4 Rent presently has an average rating of “Moderate Buy” and a consensus price target of $39.64.

Get Our Latest Stock Report on American Homes 4 Rent

American Homes 4 Rent Stock Performance

Shares of AMH opened at $35.65 on Friday. The firm has a market cap of $13.06 billion, a P/E ratio of 36.38, a PEG ratio of 3.02 and a beta of 0.72. American Homes 4 Rent has a twelve month low of $31.36 and a twelve month high of $37.97. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.59 and a current ratio of 0.59. The firm’s 50 day moving average price is $35.96 and its two-hundred day moving average price is $35.82.

American Homes 4 Rent (NYSE:AMHGet Free Report) last released its earnings results on Friday, May 10th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.13). The firm had revenue of $423.56 million for the quarter, compared to the consensus estimate of $421.28 million. American Homes 4 Rent had a return on equity of 5.00% and a net margin of 22.55%. American Homes 4 Rent’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter last year, the company posted $0.41 EPS. On average, analysts forecast that American Homes 4 Rent will post 1.74 EPS for the current fiscal year.

American Homes 4 Rent Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.92%. The ex-dividend date of this dividend is Friday, June 14th. American Homes 4 Rent’s payout ratio is 106.12%.

Insiders Place Their Bets

In other American Homes 4 Rent news, Director Douglas N. Benham bought 3,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The stock was acquired at an average price of $23.00 per share, with a total value of $80,500.00. Following the completion of the transaction, the director now owns 37,997 shares in the company, valued at $873,931. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Douglas N. Benham acquired 3,500 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was bought at an average price of $23.00 per share, for a total transaction of $80,500.00. Following the acquisition, the director now directly owns 37,997 shares of the company’s stock, valued at $873,931. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jack E. Corrigan purchased 10,000 shares of the company’s stock in a transaction on Monday, May 6th. The shares were purchased at an average cost of $22.78 per share, for a total transaction of $227,800.00. Following the completion of the transaction, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $227,800. The disclosure for this purchase can be found here. Insiders own 6.32% of the company’s stock.

About American Homes 4 Rent

(Free Report)

AMH (NYSE: AMH) is a leading large-scale integrated owner, operator and developer of single-family rental homes. We're an internally managed Maryland real estate investment trust (REIT) focused on acquiring, developing, renovating, leasing and managing homes as rental properties. Our goal is to simplify the experience of leasing a home and deliver peace of mind to households across the country.

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

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