American Homes 4 Rent (AMH) Position Lessened by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lessened its holdings in American Homes 4 Rent (NYSE:AMH) by 11.8% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 502,597 shares of the real estate investment trust’s stock after selling 67,239 shares during the period. Public Employees Retirement System of Ohio owned 0.18% of American Homes 4 Rent worth $10,911,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. PNC Financial Services Group Inc. raised its position in shares of American Homes 4 Rent by 5.1% in the second quarter. PNC Financial Services Group Inc. now owns 5,720 shares of the real estate investment trust’s stock worth $128,000 after buying an additional 278 shares in the last quarter. Public Employees Retirement Association of Colorado raised its position in shares of American Homes 4 Rent by 35.0% in the second quarter. Public Employees Retirement Association of Colorado now owns 7,125 shares of the real estate investment trust’s stock worth $161,000 after buying an additional 1,848 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of American Homes 4 Rent by 7.7% in the second quarter. The Manufacturers Life Insurance Company now owns 7,247 shares of the real estate investment trust’s stock worth $164,000 after buying an additional 515 shares in the last quarter. CIBC Asset Management Inc purchased a new stake in shares of American Homes 4 Rent in the third quarter worth $202,000. Finally, QCM Cayman Ltd. purchased a new stake in shares of American Homes 4 Rent in the second quarter worth $203,000. Institutional investors own 88.21% of the company’s stock.

In related news, Director B Wayne Et Al Hughes acquired 292,977 shares of American Homes 4 Rent stock in a transaction dated Thursday, November 9th. The shares were purchased at an average cost of $21.86 per share, with a total value of $6,404,477.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have bought 1,670,950 shares of company stock worth $35,816,444 over the last ninety days. Insiders own 27.82% of the company’s stock.

A number of brokerages recently issued reports on AMH. B. Riley reiterated a “buy” rating on shares of American Homes 4 Rent in a research report on Wednesday, November 1st. JPMorgan Chase & Co. upgraded American Homes 4 Rent from a “neutral” rating to an “overweight” rating and set a $26.00 price target on the stock in a research report on Friday, December 15th. Keefe, Bruyette & Woods upgraded American Homes 4 Rent from a “market perform” rating to an “outperform” rating in a research report on Thursday, December 7th. Evercore ISI upgraded American Homes 4 Rent from an “in-line” rating to an “outperform” rating and set a $24.50 price target on the stock in a research report on Monday, December 4th. Finally, Citigroup started coverage on American Homes 4 Rent in a research report on Friday, October 20th. They set a “buy” rating and a $25.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $25.22.

American Homes 4 Rent (NYSE AMH) traded down $0.23 during midday trading on Thursday, reaching $20.54. The company’s stock had a trading volume of 4,911,663 shares, compared to its average volume of 2,358,896. American Homes 4 Rent has a twelve month low of $20.29 and a twelve month high of $23.98. The stock has a market capitalization of $5,880.00, a P/E ratio of 2,054.00, a price-to-earnings-growth ratio of 1.54 and a beta of 0.68. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.40.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.25. American Homes 4 Rent had a return on equity of 1.15% and a net margin of 6.56%. The firm had revenue of $246.80 million for the quarter, compared to analysts’ expectations of $247.96 million. During the same period last year, the firm earned $0.24 earnings per share. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. analysts expect that American Homes 4 Rent will post 1.02 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 5th. Stockholders of record on Tuesday, January 2nd were paid a dividend of $0.05 per share. The ex-dividend date was Friday, December 29th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.97%. American Homes 4 Rent’s dividend payout ratio (DPR) is currently 2,000.00%.

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American Homes 4 Rent 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.

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

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