Maryland State Retirement & Pension System boosted its position in shares of American Homes 4 Rent (NYSE:AMH – Get Rating) by 9.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 22,762 shares of the real estate investment trust’s stock after purchasing an additional 1,937 shares during the period. Maryland State Retirement & Pension System’s holdings in American Homes 4 Rent were worth $911,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of AMH. HighTower Advisors LLC purchased a new position in shares of American Homes 4 Rent during the 3rd quarter valued at $218,000. Morgan Stanley grew its holdings in shares of American Homes 4 Rent by 49.0% during the 3rd quarter. Morgan Stanley now owns 1,306,159 shares of the real estate investment trust’s stock valued at $49,790,000 after acquiring an additional 429,503 shares in the last quarter. Tudor Investment Corp Et Al purchased a new position in shares of American Homes 4 Rent during the 3rd quarter valued at $5,781,000. LPL Financial LLC grew its holdings in shares of American Homes 4 Rent by 67.1% during the 3rd quarter. LPL Financial LLC now owns 99,453 shares of the real estate investment trust’s stock valued at $3,791,000 after acquiring an additional 39,929 shares in the last quarter. Finally, Verition Fund Management LLC purchased a new position in shares of American Homes 4 Rent during the 3rd quarter valued at $693,000. Institutional investors and hedge funds own 88.49% of the company’s stock.
Several research firms have recently commented on AMH. Morgan Stanley lowered their price target on shares of American Homes 4 Rent from $41.00 to $39.00 and set an “equal weight” rating on the stock in a report on Friday, May 27th. B. Riley decreased their price objective on shares of American Homes 4 Rent from $47.00 to $43.00 in a report on Wednesday, May 11th. JPMorgan Chase & Co. decreased their price objective on shares of American Homes 4 Rent from $46.00 to $44.00 and set an “overweight” rating for the company in a report on Tuesday, March 22nd. Jefferies Financial Group began coverage on shares of American Homes 4 Rent in a report on Wednesday, April 20th. They issued a “buy” rating and a $48.00 price objective for the company. Finally, BMO Capital Markets began coverage on shares of American Homes 4 Rent in a report on Thursday, April 14th. They issued an “outperform” rating and a $46.00 price objective for the company. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, American Homes 4 Rent has an average rating of “Moderate Buy” and a consensus target price of $44.67.
American Homes 4 Rent (NYSE:AMH – Get Rating) last released its earnings results on Thursday, May 5th. The real estate investment trust reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.05. The firm had revenue of $356.11 million during the quarter, compared to analyst estimates of $355.76 million. American Homes 4 Rent had a net margin of 13.74% and a return on equity of 3.05%. The business’s revenue was up 13.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.32 EPS. As a group, sell-side analysts expect that American Homes 4 Rent will post 1.56 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Wednesday, June 15th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date is Tuesday, June 14th. American Homes 4 Rent’s dividend payout ratio is currently 153.19%.
In related news, Director Tamara Hughes Gustavson acquired 200,000 shares of the business’s stock in a transaction dated Thursday, May 12th. The stock was acquired at an average price of $35.71 per share, with a total value of $7,142,000.00. Following the completion of the transaction, the director now owns 8,830,956 shares of the company’s stock, valued at $315,353,438.76. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have bought 200,706 shares of company stock valued at $7,161,700 in the last ninety days. 6.03% of the stock is owned by company insiders.
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.
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