Cibc World Market Inc. Invests $469,000 in American Homes 4 Rent (NYSE:AMH)

Cibc World Market Inc. acquired a new position in shares of American Homes 4 Rent (NYSE:AMHGet Rating) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 13,226 shares of the real estate investment trust’s stock, valued at approximately $469,000.

Other large investors have also recently added to or reduced their stakes in the company. Ellevest Inc. lifted its stake in American Homes 4 Rent by 86.2% during the second quarter. Ellevest Inc. now owns 728 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 337 shares during the last quarter. Arlington Partners LLC bought a new position in American Homes 4 Rent during the second quarter worth $27,000. Charter Oak Capital Management LLC bought a new position in American Homes 4 Rent during the second quarter worth $31,000. AdvisorNet Financial Inc lifted its stake in American Homes 4 Rent by 253.2% during the second quarter. AdvisorNet Financial Inc now owns 1,116 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 800 shares during the last quarter. Finally, Lazard Asset Management LLC bought a new position in American Homes 4 Rent during the second quarter worth $62,000. 88.49% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Kenneth M. Woolley sold 10,000 shares of American Homes 4 Rent stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $36.69, for a total value of $366,900.00. Following the transaction, the director now owns 20,128 shares of the company’s stock, valued at approximately $738,496.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Kenneth M. Woolley sold 10,000 shares of American Homes 4 Rent stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $36.69, for a total value of $366,900.00. Following the transaction, the director now owns 20,128 shares of the company’s stock, valued at approximately $738,496.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Tamara Hughes Gustavson purchased 281,695 shares of the company’s stock in a transaction that occurred on Wednesday, September 7th. The stock was bought at an average cost 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. In the last quarter, insiders have sold 22,474 shares of company stock valued at $782,428. 6.03% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on AMH shares. Jefferies Financial Group reduced their price objective on American Homes 4 Rent from $45.00 to $38.00 and set a “buy” rating on the stock in a research note on Wednesday, October 19th. Mizuho cut their target price on American Homes 4 Rent from $42.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, October 6th. The Goldman Sachs Group cut their target price on American Homes 4 Rent from $42.00 to $35.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 18th. Morgan Stanley raised their target price on American Homes 4 Rent from $37.50 to $39.00 and gave the company an “equal weight” rating in a research note on Thursday, August 25th. Finally, B. Riley cut their target price on American Homes 4 Rent from $43.00 to $36.00 in a research note on Tuesday, November 8th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, American Homes 4 Rent currently has an average rating of “Moderate Buy” and an average target price of $39.31.

American Homes 4 Rent Price Performance

NYSE:AMH opened at $32.15 on Wednesday. The business’s 50-day moving average price is $32.37 and its 200 day moving average price is $34.93. The firm has a market cap of $11.36 billion, a P/E ratio of 53.58, a PEG ratio of 2.68 and a beta of 0.58. American Homes 4 Rent has a 52-week low of $29.31 and a 52-week high of $44.07. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.61.

American Homes 4 Rent Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Thursday, December 15th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Wednesday, December 14th. This represents a $0.72 dividend on an annualized basis and a yield of 2.24%. American Homes 4 Rent’s dividend payout ratio is currently 120.00%.

About American Homes 4 Rent

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

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