Nomura Asset Management Co. Ltd. Decreases Position in American Homes 4 Rent (AMH)

Nomura Asset Management Co. Ltd. trimmed its position in American Homes 4 Rent (NYSE:AMH) by 18.3% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 132,090 shares of the real estate investment trust’s stock after selling 29,546 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in American Homes 4 Rent were worth $2,868,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. OxFORD Asset Management LLP boosted its stake in American Homes 4 Rent by 7.8% in the third quarter. OxFORD Asset Management LLP now owns 202,276 shares of the real estate investment trust’s stock valued at $4,410,000 after acquiring an additional 14,619 shares during the period. Skandinaviska Enskilda Banken AB publ acquired a new position in American Homes 4 Rent in the third quarter valued at approximately $749,000. KBC Group NV boosted its stake in American Homes 4 Rent by 27.6% in the third quarter. KBC Group NV now owns 141,492 shares of the real estate investment trust’s stock valued at $3,072,000 after acquiring an additional 30,626 shares during the period. Dimensional Fund Advisors LP boosted its stake in American Homes 4 Rent by 3.4% in the third quarter. Dimensional Fund Advisors LP now owns 3,262,468 shares of the real estate investment trust’s stock valued at $70,829,000 after acquiring an additional 105,924 shares during the period. Finally, Investec Asset Management LTD acquired a new position in American Homes 4 Rent in the third quarter valued at approximately $979,000. Institutional investors and hedge funds own 88.22% of the company’s stock.

In other American Homes 4 Rent news, Director B Wayne Et Al Hughes acquired 101,678 shares of American Homes 4 Rent stock in a transaction dated Tuesday, November 7th. The stock was acquired at an average cost of $21.87 per share, for a total transaction of $2,223,697.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last quarter, insiders have bought 3,038,600 shares of company stock valued at $65,685,192. Insiders own 27.82% of the company’s stock.

A number of brokerages have commented on AMH. Keefe, Bruyette & Woods upgraded American Homes 4 Rent from a “market perform” rating to an “outperform” rating in a research note on Thursday. Evercore ISI upgraded American Homes 4 Rent from an “in-line” rating to an “outperform” rating and set a $24.50 target price for the company in a research note on Monday, December 4th. B. Riley set a $26.00 target price on American Homes 4 Rent and gave the company a “buy” rating in a research note on Tuesday, November 14th. Citigroup began coverage on American Homes 4 Rent in a research report on Friday, October 20th. They set a “buy” rating and a $25.00 price objective for the company. Finally, BTIG Research began coverage on American Homes 4 Rent in a research report on Monday, October 9th. They set a “buy” rating and a $26.00 price objective for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $25.13.

American Homes 4 Rent (NYSE AMH) opened at $21.77 on Monday. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $6,242.29, a P/E ratio of 21.14, a PEG ratio of 1.84 and a beta of 0.68. American Homes 4 Rent has a 52-week low of $19.62 and a 52-week high of $23.98.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.25. The business had revenue of $246.80 million during the quarter, compared to the consensus estimate of $247.96 million. American Homes 4 Rent had a return on equity of 1.15% and a net margin of 6.56%. The business’s revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.24 earnings per share. research analysts anticipate that American Homes 4 Rent will post 1.03 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Tuesday, January 2nd will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, December 29th. This represents a $0.20 annualized dividend and a dividend yield of 0.92%. American Homes 4 Rent’s dividend payout ratio is presently -2,000.00%.

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American Homes 4 Rent Company Profile

American Homes 4 Rent is an internally managed real estate investment trust (REIT) focused on acquiring, renovating, leasing and operating single-family homes as rental properties. The Company’s primary objective is to generate attractive risk-adjusted returns for its shareholders through dividends and capital appreciation by acquiring, renovating, leasing and operating 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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