Goldman Sachs Group Inc. Has $127.26 Million Stock Position in American Homes 4 Rent (NYSE:AMH)

Goldman Sachs Group Inc. grew its position in American Homes 4 Rent (NYSE:AMHFree Report) by 80.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,539,015 shares of the real estate investment trust’s stock after buying an additional 1,574,295 shares during the period. Goldman Sachs Group Inc. owned 0.98% of American Homes 4 Rent worth $127,263,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Presima Securities ULC acquired a new stake in shares of American Homes 4 Rent in the 4th quarter valued at $1,474,000. California State Teachers Retirement System grew its stake in shares of American Homes 4 Rent by 1.8% during the fourth quarter. California State Teachers Retirement System now owns 487,443 shares of the real estate investment trust’s stock worth $17,528,000 after purchasing an additional 8,499 shares during the period. Bank of Nova Scotia grew its stake in shares of American Homes 4 Rent by 103.2% during the fourth quarter. Bank of Nova Scotia now owns 15,667 shares of the real estate investment trust’s stock worth $563,000 after purchasing an additional 7,956 shares during the period. Qtron Investments LLC acquired a new stake in shares of American Homes 4 Rent during the fourth quarter worth $500,000. Finally, Treasurer of the State of North Carolina grew its stake in shares of American Homes 4 Rent by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 151,668 shares of the real estate investment trust’s stock worth $5,454,000 after purchasing an additional 1,450 shares during the period. 91.87% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other American Homes 4 Rent news, Director Jack E. Corrigan purchased 10,000 shares of the stock in a transaction on Monday, May 6th. The shares were purchased at an average price of $22.78 per share, with a total value of $227,800.00. Following the completion of the transaction, the director now directly owns 10,000 shares in the company, valued at $227,800. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. In other American Homes 4 Rent news, Director Douglas N. Benham purchased 3,500 shares of the stock in a transaction on Wednesday, May 8th. The shares were purchased 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 directly owns 37,997 shares in the company, valued at $873,931. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jack E. Corrigan bought 10,000 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was purchased at an average cost of $22.78 per share, for a total transaction of $227,800.00. Following 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. Company insiders own 6.32% of the company’s stock.

American Homes 4 Rent Stock Performance

AMH opened at $35.65 on Friday. American Homes 4 Rent has a 52-week low of $31.36 and a 52-week high of $37.97. The firm has a market capitalization of $13.06 billion, a PE ratio of 36.38, a PEG ratio of 3.02 and a beta of 0.72. 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 business’s 50-day simple moving average is $35.96 and its 200 day simple moving average 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 the consensus estimate of $0.43 by ($0.13). The company 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%. The business’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.41 EPS. As a group, sell-side analysts expect that American Homes 4 Rent will post 1.74 earnings per share for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date is Friday, June 14th. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 106.12%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Citigroup raised American Homes 4 Rent from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $37.00 to $41.00 in a research note on Friday, March 22nd. StockNews.com cut American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. Keefe, Bruyette & Woods boosted their target price on American Homes 4 Rent from $38.00 to $39.00 and gave the company a “market perform” rating in a research note on Monday, May 13th. Royal Bank of Canada reissued an “outperform” rating and issued a $39.00 target price on shares of American Homes 4 Rent in a research note on Monday, February 26th. Finally, Mizuho boosted their target price on American Homes 4 Rent from $37.00 to $39.00 and gave the company a “buy” rating in a research note on Wednesday, March 20th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $39.64.

Read Our Latest Report on American Homes 4 Rent

American Homes 4 Rent Company Profile

(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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