Westpac Banking Corp Decreases Stake in American Homes 4 Rent (AMH)

Westpac Banking Corp trimmed its holdings in shares of American Homes 4 Rent (NYSE:AMH) by 27.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 432,340 shares of the real estate investment trust’s stock after selling 160,210 shares during the period. Westpac Banking Corp owned about 0.17% of American Homes 4 Rent worth $9,758,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Teacher Retirement System of Texas boosted its position in American Homes 4 Rent by 1.5% during the second quarter. Teacher Retirement System of Texas now owns 18,405 shares of the real estate investment trust’s stock valued at $415,000 after buying an additional 280 shares during the period. Amalgamated Bank boosted its position in American Homes 4 Rent by 3.3% during the first quarter. Amalgamated Bank now owns 23,909 shares of the real estate investment trust’s stock valued at $549,000 after buying an additional 774 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in American Homes 4 Rent by 5.8% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,284 shares of the real estate investment trust’s stock valued at $328,000 after buying an additional 786 shares during the period. Nomura Asset Management Co. Ltd. boosted its holdings in shares of American Homes 4 Rent by 0.6% during the first quarter. Nomura Asset Management Co. Ltd. now owns 149,466 shares of the real estate investment trust’s stock worth $3,431,000 after purchasing an additional 850 shares during the period. Finally, GAM Holding AG boosted its holdings in shares of American Homes 4 Rent by 4.8% during the second quarter. GAM Holding AG now owns 19,436 shares of the real estate investment trust’s stock worth $439,000 after purchasing an additional 897 shares during the period. Institutional investors and hedge funds own 93.74% of the company’s stock.

In other news, Director B Wayne Et Al Hughes purchased 1,372,200 shares of the stock in a transaction that occurred on Thursday, September 14th. The shares were purchased at an average cost of $21.84 per share, with a total value of $29,968,848.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 27.82% of the company’s stock.

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A number of research firms have recently weighed in on AMH. Evercore ISI began coverage on shares of American Homes 4 Rent in a report on Monday, June 5th. They set an “in-line” rating and a $24.50 target price for the company. Zacks Investment Research upgraded shares of American Homes 4 Rent from a “sell” rating to a “hold” rating in a report on Monday, July 24th. BidaskClub lowered shares of American Homes 4 Rent from a “buy” rating to a “hold” rating in a report on Monday, July 31st. FBR & Co reiterated a “buy” rating on shares of American Homes 4 Rent in a report on Wednesday, May 24th. Finally, TheStreet upgraded shares of American Homes 4 Rent from a “c” rating to a “b” rating in a report on Friday, August 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $24.83.

American Homes 4 Rent (NYSE AMH) opened at 22.14 on Friday. The stock’s market cap is $5.76 billion. The company’s 50 day moving average is $22.38 and its 200-day moving average is $22.71. American Homes 4 Rent has a 1-year low of $19.63 and a 1-year high of $23.98.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.22 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.04). The business had revenue of $237.00 million during the quarter, compared to analyst estimates of $236.28 million. American Homes 4 Rent had a return on equity of 0.70% and a net margin of 3.82%. The firm’s revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.25 EPS. Equities research analysts forecast that American Homes 4 Rent will post $0.05 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date is Thursday, September 14th. American Homes 4 Rent’s dividend payout ratio (DPR) is presently -181.82%.

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.

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

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