American Homes 4 Rent (NYSE:AMH) Stake Lowered by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lessened its holdings in American Homes 4 Rent (NYSE:AMH) by 98.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,308 shares of the real estate investment trust’s stock after selling 2,699,100 shares during the period. Daiwa Securities Group Inc.’s holdings in American Homes 4 Rent were worth $649,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in AMH. Nisa Investment Advisors LLC raised its stake in American Homes 4 Rent by 270.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 44,500 shares of the real estate investment trust’s stock worth $972,000 after purchasing an additional 32,500 shares during the period. Schwab Charles Investment Management Inc. increased its position in shares of American Homes 4 Rent by 1.1% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 2,445,960 shares of the real estate investment trust’s stock worth $53,420,000 after acquiring an additional 25,740 shares in the last quarter. Westpac Banking Corp increased its position in shares of American Homes 4 Rent by 5.9% in the fourth quarter. Westpac Banking Corp now owns 585,060 shares of the real estate investment trust’s stock worth $12,778,000 after acquiring an additional 32,770 shares in the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of American Homes 4 Rent in the fourth quarter worth $497,000. Finally, State of Alaska Department of Revenue increased its position in shares of American Homes 4 Rent by 5.6% in the fourth quarter. State of Alaska Department of Revenue now owns 80,230 shares of the real estate investment trust’s stock worth $1,751,000 after acquiring an additional 4,230 shares in the last quarter. 92.66% of the stock is currently owned by institutional investors.

In other American Homes 4 Rent news, Director Tamara Hughes Gustavson purchased 507,614 shares of the stock in a transaction on Friday, May 18th. The shares were purchased at an average price of $19.70 per share, with a total value of $9,999,995.80. Following the acquisition, the director now directly owns 15,586,898 shares of the company’s stock, valued at approximately $307,061,890.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Dann V. Angeloff sold 3,000 shares of the business’s stock in a transaction on Monday, March 12th. The shares were sold at an average price of $19.67, for a total transaction of $59,010.00. The disclosure for this sale can be found here. Insiders bought 769,999 shares of company stock valued at $15,418,516 over the last 90 days. 27.82% of the stock is owned by corporate insiders.

American Homes 4 Rent stock opened at $19.70 on Friday. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $5.85 billion, a PE ratio of 19.40, a PEG ratio of 1.30 and a beta of 0.59. American Homes 4 Rent has a fifty-two week low of $18.39 and a fifty-two week high of $23.23.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings results on Thursday, May 3rd. The real estate investment trust reported $0.02 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.01). The company had revenue of $258.00 million for the quarter, compared to analyst estimates of $251.72 million. American Homes 4 Rent had a return on equity of 1.56% and a net margin of 9.07%. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.26 earnings per share. equities research analysts predict that American Homes 4 Rent will post 1.11 earnings per share for the current fiscal year.

American Homes 4 Rent announced that its Board of Directors has approved a stock buyback plan on Thursday, February 22nd that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the real estate investment trust to buy shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 2nd. Shareholders of record on Friday, June 15th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date is Thursday, June 14th. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 19.61%.

A number of research firms recently weighed in on AMH. Robert W. Baird began coverage on shares of American Homes 4 Rent in a report on Thursday, March 29th. They set an “outperform” rating and a $23.00 price target for the company. ValuEngine lowered shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Thursday. B. Riley assumed coverage on shares of American Homes 4 Rent in a research report on Monday, March 12th. They issued a “buy” rating and a $26.00 price target on the stock. Mizuho set a $23.00 price target on shares of American Homes 4 Rent and gave the stock a “buy” rating in a research report on Monday, March 19th. Finally, BTIG Research cut their price objective on shares of 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. Three analysts have rated the stock with a sell rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $24.56.

About American Homes 4 Rent

American Homes 4 Rent (NYSE: AMH) is a leader in the single-family home rental industry and "American Homes 4 Rent" is fast becoming a nationally recognized brand for rental homes, known for high quality, good value and tenant satisfaction. We are an internally managed Maryland real estate investment trust, or REIT, focused on acquiring, renovating, leasing, and operating attractive, single-family homes as rental properties.

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

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