Allspring Global Investments Holdings LLC Sells 16,294 Shares of American Homes 4 Rent (NYSE:AMH)

Allspring Global Investments Holdings LLC reduced its stake in shares of American Homes 4 Rent (NYSE:AMHFree Report) by 3.5% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 444,726 shares of the real estate investment trust’s stock after selling 16,294 shares during the period. Allspring Global Investments Holdings LLC owned about 0.12% of American Homes 4 Rent worth $16,357,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the business. Gilman Hill Asset Management LLC grew its holdings in shares of American Homes 4 Rent by 35.5% in the first quarter. Gilman Hill Asset Management LLC now owns 17,506 shares of the real estate investment trust’s stock valued at $644,000 after acquiring an additional 4,585 shares in the last quarter. Park Avenue Securities LLC grew its holdings in shares of American Homes 4 Rent by 11.3% in the first quarter. Park Avenue Securities LLC now owns 10,314 shares of the real estate investment trust’s stock valued at $379,000 after acquiring an additional 1,051 shares in the last quarter. Pensionfund Sabic grew its holdings in shares of American Homes 4 Rent by 40.0% in the first quarter. Pensionfund Sabic now owns 24,500 shares of the real estate investment trust’s stock valued at $901,000 after acquiring an additional 7,000 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of American Homes 4 Rent by 24.1% in the first quarter. GAMMA Investing LLC now owns 1,557 shares of the real estate investment trust’s stock valued at $57,000 after acquiring an additional 302 shares in the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in shares of American Homes 4 Rent in the first quarter valued at approximately $5,711,000. 91.87% of the stock is owned by institutional investors.

Insider Activity at American Homes 4 Rent

In other news, Director Douglas N. Benham bought 3,500 shares of American Homes 4 Rent stock in a transaction that occurred on Wednesday, May 8th. The shares were acquired at an average price of $23.00 per share, with a total value of $80,500.00. Following the completion of the purchase, the director now directly owns 37,997 shares in the company, valued at $873,931. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Douglas N. Benham bought 3,500 shares of American Homes 4 Rent stock in a transaction that occurred on Wednesday, May 8th. The shares were acquired at an average price of $23.00 per share, with a total value of $80,500.00. Following the completion of the purchase, the director now directly owns 37,997 shares in the company, valued at $873,931. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jack E. Corrigan acquired 10,000 shares of American Homes 4 Rent stock in a transaction dated Monday, May 6th. The shares were bought at an average cost of $22.78 per share, for a total transaction of $227,800.00. Following the completion of the purchase, 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. 6.05% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Scotiabank upped their price objective on American Homes 4 Rent from $39.00 to $41.00 and gave the company a “sector outperform” rating in a research note on Thursday, May 16th. Citigroup upgraded American Homes 4 Rent from a “neutral” rating to a “buy” rating and upped their price objective for the company from $37.00 to $41.00 in a research note on Friday, March 22nd. JPMorgan Chase & Co. upped their price objective on American Homes 4 Rent from $37.00 to $38.00 and gave the company a “neutral” rating in a research note on Monday, June 17th. Keefe, Bruyette & Woods upped their price objective 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. Finally, Raymond James upped their price objective 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $39.53.

View Our Latest Report on AMH

American Homes 4 Rent Trading Up 0.4 %

Shares of AMH stock opened at $37.45 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.59 and a current ratio of 0.59. American Homes 4 Rent has a 52-week low of $31.36 and a 52-week high of $37.97. The company has a market capitalization of $13.72 billion, a PE ratio of 38.21, a price-to-earnings-growth ratio of 3.14 and a beta of 0.74. The business’s fifty day moving average is $36.22 and its 200 day moving average is $35.90.

American Homes 4 Rent (NYSE:AMHGet Free Report) last issued its quarterly earnings data 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). American Homes 4 Rent had a return on equity of 5.00% and a net margin of 22.55%. The business had revenue of $423.56 million during the quarter, compared to analysts’ expectations of $421.28 million. During the same quarter last year, the business posted $0.41 EPS. The company’s quarterly revenue was up 6.5% on a year-over-year basis. On average, equities research analysts anticipate 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 was paid on Friday, June 28th. Investors of record on Friday, June 14th were paid a $0.26 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $1.04 dividend on an annualized basis and a yield of 2.78%. American Homes 4 Rent’s dividend payout ratio is presently 106.12%.

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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