Two Sigma Investments LP lessened its position in American Homes 4 Rent (NYSE:AMH) by 21.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 544,239 shares of the real estate investment trust’s stock after selling 150,847 shares during the quarter. Two Sigma Investments LP owned approximately 0.19% of American Homes 4 Rent worth $11,886,000 as of its most recent filing with the SEC.
Other institutional investors have also recently made changes to their positions in the company. American International Group Inc. acquired a new stake in American Homes 4 Rent in the 4th quarter valued at approximately $109,000. The Manufacturers Life Insurance Company increased its position in shares of American Homes 4 Rent by 7.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,247 shares of the real estate investment trust’s stock worth $164,000 after purchasing an additional 515 shares during the last quarter. CIBC Asset Management Inc acquired a new position in shares of American Homes 4 Rent during the 3rd quarter worth approximately $202,000. Magnetar Financial LLC acquired a new position in shares of American Homes 4 Rent during the 3rd quarter worth approximately $228,000. Finally, Granite Springs Asset Management LLC acquired a new position in shares of American Homes 4 Rent during the 4th quarter worth approximately $279,000. 90.65% of the stock is currently owned by institutional investors and hedge funds.
American Homes 4 Rent stock opened at $19.86 on Monday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.59 and a current ratio of 0.59. American Homes 4 Rent has a one year low of $18.39 and a one year high of $23.83. The company has a market capitalization of $5,695.03, a P/E ratio of 19.28, a PEG ratio of 1.51 and a beta of 0.65.
American Homes 4 Rent declared that its Board of Directors has approved a stock buyback program on Thursday, February 22nd that allows the company to buyback $300.00 million in shares. This buyback authorization allows the real estate investment trust to repurchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Thursday, March 15th will be paid a dividend of $0.05 per share. The ex-dividend date is Wednesday, March 14th. This represents a $0.20 annualized dividend and a dividend yield of 1.01%. American Homes 4 Rent’s dividend payout ratio is currently -250.00%.
In other news, Director Dann V. Angeloff sold 3,000 shares of American Homes 4 Rent stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $19.67, for a total transaction of $59,010.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Douglas N. Benham bought 2,005 shares of American Homes 4 Rent stock in a transaction dated Friday, January 26th. The shares were acquired at an average price of $24.80 per share, with a total value of $49,724.00. The disclosure for this purchase can be found here. Insiders own 27.82% of the company’s stock.
Several research analysts have weighed in on AMH shares. TheStreet lowered American Homes 4 Rent from a “b-” rating to a “c+” rating in a research report on Wednesday, January 10th. JPMorgan Chase & Co. raised 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 raised American Homes 4 Rent from a “market perform” rating to an “outperform” rating in a research report on Thursday, December 7th. BTIG Research lowered their price target on American Homes 4 Rent from $26.00 to $23.00 and set a “buy” rating on the stock in a research report on Monday, February 26th. Finally, Evercore ISI raised 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. Two investment analysts have rated the stock with a sell rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $24.56.
WARNING: “Two Sigma Investments LP Sells 150,847 Shares of American Homes 4 Rent (AMH)” was originally reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this article on another website, it was illegally stolen and reposted in violation of United States & international copyright & trademark law. The correct version of this article can be read at https://stocknewstimes.com/2018/03/19/two-sigma-investments-lp-sells-150847-shares-of-american-homes-4-rent-amh.html.
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.
Receive News & Ratings for American Homes 4 Rent Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Homes 4 Rent and related companies with MarketBeat.com's FREE daily email newsletter.