Cibc World Markets Corp Takes $7 Million Position in American Homes 4 Rent (AMH)

Cibc World Markets Corp purchased a new stake in shares of American Homes 4 Rent (NYSE:AMH) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 310,000 shares of the real estate investment trust’s stock, valued at approximately $6,997,000. Cibc World Markets Corp owned approximately 0.12% of American Homes 4 Rent at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Legal & General Group Plc grew its holdings in American Homes 4 Rent by 10.0% during the 2nd quarter. Legal & General Group Plc now owns 486,902 shares of the real estate investment trust’s stock worth $10,990,000 after acquiring an additional 44,152 shares in the last quarter. Bank of Montreal Can grew its holdings in American Homes 4 Rent by 249.3% during the 2nd quarter. Bank of Montreal Can now owns 428,244 shares of the real estate investment trust’s stock worth $9,666,000 after acquiring an additional 305,641 shares in the last quarter. Principal Financial Group Inc. grew its holdings in American Homes 4 Rent by 3.7% during the 2nd quarter. Principal Financial Group Inc. now owns 2,572,898 shares of the real estate investment trust’s stock worth $58,069,000 after acquiring an additional 92,216 shares in the last quarter. Heartland Advisors Inc. grew its holdings in American Homes 4 Rent by 123.7% during the 2nd quarter. Heartland Advisors Inc. now owns 711,089 shares of the real estate investment trust’s stock worth $16,049,000 after acquiring an additional 393,182 shares in the last quarter. Finally, First Trust Advisors LP grew its holdings in American Homes 4 Rent by 14.0% during the 2nd quarter. First Trust Advisors LP now owns 158,325 shares of the real estate investment trust’s stock worth $3,573,000 after acquiring an additional 19,396 shares in the last quarter. 93.74% of the stock is owned by institutional investors and hedge funds.

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In other American Homes 4 Rent news, Director B Wayne Et Al Hughes purchased 1,372,200 shares of the stock in a transaction on Thursday, September 14th. The shares were purchased at an average price of $21.84 per share, with a total value of $29,968,848.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 27.82% of the company’s stock.

American Homes 4 Rent (AMH) opened at 21.66 on Monday. The company’s market capitalization is $5.64 billion. The stock has a 50 day moving average of $22.34 and a 200-day moving average of $22.68. American Homes 4 Rent has a 52-week low of $19.63 and a 52-week high of $23.98.

American Homes 4 Rent (NYSE:AMH) last announced its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.04). American Homes 4 Rent had a return on equity of 0.70% and a net margin of 3.82%. The company had revenue of $237.00 million for the quarter, compared to the consensus estimate of $236.28 million. During the same period last year, the firm posted $0.25 EPS. The company’s revenue was up 7.6% compared to the same quarter last year. On average, equities analysts forecast that American Homes 4 Rent will post $0.05 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend is Thursday, September 14th. American Homes 4 Rent’s dividend payout ratio (DPR) is currently -181.82%.

Several research analysts have weighed in on AMH shares. Zacks Investment Research lowered shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Tuesday, August 15th. BidaskClub raised shares of American Homes 4 Rent from a “hold” rating to a “buy” rating in a report on Friday, July 14th. Evercore ISI started 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 price objective for the company. Finally, TheStreet raised 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 given a hold rating and three have given a buy rating to the stock. American Homes 4 Rent presently has a consensus rating of “Hold” and an average target price of $24.83.

About American Homes 4 Rent

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.

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

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