Easterly Investment Partners LLC lowered its position in American Homes 4 Rent (NYSE:AMH - Free Report) by 28.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 353,220 shares of the real estate investment trust's stock after selling 139,669 shares during the period. American Homes 4 Rent makes up approximately 1.1% of Easterly Investment Partners LLC's investment portfolio, making the stock its 22nd biggest holding. Easterly Investment Partners LLC owned approximately 0.10% of American Homes 4 Rent worth $13,355,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in the company. GF Fund Management CO. LTD. increased its position in shares of American Homes 4 Rent by 5.1% in the 1st quarter. GF Fund Management CO. LTD. now owns 6,288 shares of the real estate investment trust's stock valued at $238,000 after acquiring an additional 304 shares during the period. Arizona State Retirement System increased its position in shares of American Homes 4 Rent by 0.4% in the 1st quarter. Arizona State Retirement System now owns 96,005 shares of the real estate investment trust's stock valued at $3,630,000 after acquiring an additional 366 shares during the period. Quadrant Capital Group LLC increased its position in shares of American Homes 4 Rent by 11.9% in the 4th quarter. Quadrant Capital Group LLC now owns 3,532 shares of the real estate investment trust's stock valued at $132,000 after acquiring an additional 376 shares during the period. Jones Financial Companies Lllp increased its position in shares of American Homes 4 Rent by 56.6% in the 4th quarter. Jones Financial Companies Lllp now owns 1,084 shares of the real estate investment trust's stock valued at $41,000 after acquiring an additional 392 shares during the period. Finally, Bessemer Group Inc. increased its position in shares of American Homes 4 Rent by 14.5% in the 4th quarter. Bessemer Group Inc. now owns 3,599 shares of the real estate investment trust's stock valued at $135,000 after acquiring an additional 456 shares during the period. Institutional investors own 91.87% of the company's stock.
American Homes 4 Rent Stock Performance
Shares of NYSE:AMH traded down $0.16 during midday trading on Friday, hitting $36.14. The stock had a trading volume of 2,757,973 shares, compared to its average volume of 2,226,930. The company has a market capitalization of $13.38 billion, a PE ratio of 33.46, a P/E/G ratio of 3.74 and a beta of 0.74. The stock has a 50 day moving average price of $36.81 and a two-hundred day moving average price of $36.29. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.63. American Homes 4 Rent has a 1 year low of $31.68 and a 1 year high of $41.41.
American Homes 4 Rent (NYSE:AMH - Get Free Report) last issued its earnings results on Thursday, May 1st. The real estate investment trust reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.01. The business had revenue of $459.28 million for the quarter, compared to the consensus estimate of $449.00 million. American Homes 4 Rent had a net margin of 23.41% and a return on equity of 5.45%. The business's quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.43 earnings per share. As a group, equities analysts predict that American Homes 4 Rent will post 1.85 earnings per share for the current fiscal year.
American Homes 4 Rent Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date of this dividend was Friday, June 13th. American Homes 4 Rent's dividend payout ratio is currently 111.11%.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on AMH shares. Raymond James Financial upped their price target on shares of American Homes 4 Rent from $39.00 to $43.00 and gave the company an "outperform" rating in a report on Friday, May 9th. Scotiabank increased their price objective on shares of American Homes 4 Rent from $38.00 to $41.00 and gave the company a "sector perform" rating in a report on Monday, May 12th. Citigroup lowered American Homes 4 Rent from a "buy" rating to a "neutral" rating and set a $41.00 target price on the stock. in a research report on Friday, June 6th. Royal Bank Of Canada boosted their target price on American Homes 4 Rent from $39.00 to $41.00 and gave the company an "outperform" rating in a research report on Monday, May 5th. Finally, Wall Street Zen raised shares of American Homes 4 Rent from a "sell" rating to a "hold" rating in a research report on Tuesday, May 6th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, American Homes 4 Rent has a consensus rating of "Moderate Buy" and an average price target of $40.90.
Read Our Latest Research Report on AMH
Insider Transactions at American Homes 4 Rent
In other American Homes 4 Rent news, CAO Sara H. Vogt-Lowell sold 42,500 shares of American Homes 4 Rent stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $39.01, for a total transaction of $1,657,925.00. Following the completion of the transaction, the chief accounting officer owned 99,214 shares in the company, valued at approximately $3,870,338.14. The trade was a 29.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jack E. Corrigan bought 4,000 shares of the business's stock in a transaction on Thursday, June 12th. The shares were acquired at an average price of $22.93 per share, with a total value of $91,720.00. Following the transaction, the director owned 15,000 shares of the company's stock, valued at $343,950. The trade was a 36.36% increase in their position. The disclosure for this purchase can be found here. 6.32% of the stock is currently owned by insiders.
American Homes 4 Rent Company Profile
(
Free Report)
American Homes 4 Rent operates as a real estate investment trust. It engages in the acquisition, renovation, leasing, and operating of single-family homes as rental properties. The company was founded by Bradley Wayne Hughes, Sr. on October 19, 2012 and is headquartered in Las Vegas, NV.
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