US Bancorp DE Sells 7,937 Shares of American Homes 4 Rent (NYSE:AMH)

Key Points

• US Bancorp DE reduced its stake in American Homes 4 Rent by 54.7%, selling 7,937 shares, and now owns 6,584 shares valued at $249,000.
• American Homes 4 Rent's recent quarterly earnings surpassed expectations with an EPS of $0.47, while revenue increased by 8% year-over-year to $457.5 million.
• Analysts have mixed views on the stock, with some lowering price targets; currently, American Homes 4 Rent holds a consensus rating of "Moderate Buy" at a target price of $40.97.

US Bancorp DE cut its position in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 54.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,584 shares of the real estate investment trust's stock after selling 7,937 shares during the period. US Bancorp DE's holdings in American Homes 4 Rent were worth $249,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Price T Rowe Associates Inc. MD increased its position in shares of American Homes 4 Rent by 8.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 8,721,356 shares of the real estate investment trust's stock valued at $326,355,000 after purchasing an additional 675,077 shares during the period. Dimensional Fund Advisors LP increased its position in shares of American Homes 4 Rent by 0.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,935,152 shares of the real estate investment trust's stock valued at $184,670,000 after purchasing an additional 28,381 shares during the period. Northern Trust Corp increased its position in shares of American Homes 4 Rent by 40.1% during the fourth quarter. Northern Trust Corp now owns 4,183,541 shares of the real estate investment trust's stock valued at $156,548,000 after purchasing an additional 1,198,471 shares during the period. Burgundy Asset Management Ltd. increased its position in shares of American Homes 4 Rent by 1.6% during the fourth quarter. Burgundy Asset Management Ltd. now owns 3,844,552 shares of the real estate investment trust's stock valued at $143,863,000 after purchasing an additional 60,756 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of American Homes 4 Rent by 0.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,846,804 shares of the real estate investment trust's stock valued at $106,527,000 after purchasing an additional 19,336 shares during the period. 91.87% of the stock is currently owned by institutional investors.

American Homes 4 Rent Stock Down 0.8%

Shares of American Homes 4 Rent stock opened at $34.60 on Friday. American Homes 4 Rent has a 1 year low of $31.68 and a 1 year high of $41.41. The business has a 50-day moving average of $35.82 and a two-hundred day moving average of $36.25. The company has a market capitalization of $12.83 billion, a P/E ratio of 31.17, a price-to-earnings-growth ratio of 2.95 and a beta of 0.72. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.88 and a quick ratio of 0.88.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.01. American Homes 4 Rent had a return on equity of 5.60% and a net margin of 23.72%. The company had revenue of $457.50 million during the quarter, compared to the consensus estimate of $451.50 million. During the same period in the prior year, the company earned $0.45 earnings per share. The company's revenue for the quarter was up 8.0% compared to the same quarter last year. As a group, equities analysts predict that American Homes 4 Rent will post 1.85 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on AMH. Barclays lowered their price target on American Homes 4 Rent from $40.00 to $39.00 and set an "equal weight" rating on the stock in a research report on Tuesday. Citigroup cut American Homes 4 Rent from a "buy" rating to a "neutral" rating and set a $41.00 price target on the stock. in a research report on Friday, June 6th. Scotiabank upped their price target on American Homes 4 Rent from $38.00 to $41.00 and gave the company a "sector perform" rating in a research report on Monday, May 12th. Wall Street Zen upgraded American Homes 4 Rent from a "sell" rating to a "hold" rating in a research report on Tuesday, May 6th. Finally, Royal Bank Of Canada upped their price target 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. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, American Homes 4 Rent currently has a consensus rating of "Moderate Buy" and a consensus target price of $40.97.

Insider Activity

In other news, Director Jack E. Corrigan acquired 4,000 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The stock was acquired at an average cost of $22.93 per share, for a total transaction of $91,720.00. Following the completion of the acquisition, the director owned 15,000 shares in the company, valued at $343,950. This represents a 36.36% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 6.32% of the company's stock.

American Homes 4 Rent Company Profile

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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