Cbre Clarion Securities LLC purchased a new position in shares of American Homes 4 Rent (NYSE:AMH) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 79,900 shares of the real estate investment trust’s stock, valued at approximately $1,745,000.
Other large investors have also recently made changes to their positions in the company. American International Group Inc. acquired a new stake in American Homes 4 Rent during the fourth quarter worth about $109,000. The Manufacturers Life Insurance Company increased its stake in American Homes 4 Rent by 7.7% during the second quarter. The Manufacturers Life Insurance Company now owns 7,247 shares of the real estate investment trust’s stock worth $164,000 after acquiring an additional 515 shares during the last quarter. CIBC Asset Management Inc acquired a new stake in American Homes 4 Rent during the third quarter worth about $202,000. Magnetar Financial LLC acquired a new stake in American Homes 4 Rent during the third quarter worth about $228,000. Finally, Virtu Financial LLC acquired a new stake in American Homes 4 Rent during the fourth quarter worth about $328,000. Institutional investors own 92.63% of the company’s stock.
Several brokerages have commented on AMH. B. Riley restated a “buy” rating on shares of American Homes 4 Rent in a research note on Wednesday, November 1st. Mizuho set a $22.00 price target on American Homes 4 Rent and gave the stock a “buy” rating in a research note on Tuesday. Zacks Investment Research lowered American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Tuesday. BTIG Research dropped their price target on American Homes 4 Rent from $26.00 to $23.00 and set a “buy” rating for the company in a research note on Monday. Finally, Evercore ISI raised American Homes 4 Rent from an “in-line” rating to an “outperform” rating and set a $24.50 target price for the company in a research report on Monday, December 4th. Two research analysts have rated the stock with a sell rating and eight have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $24.56.
Shares of American Homes 4 Rent (NYSE:AMH) opened at $19.29 on Wednesday. American Homes 4 Rent has a 1 year low of $18.39 and a 1 year high of $23.90. The company has a quick ratio of 1.51, a current ratio of 0.59 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $5,611.46, a PE ratio of -241.13, a PEG ratio of 1.48 and a beta of 0.58.
American Homes 4 Rent (NYSE:AMH) last issued its earnings results on Thursday, February 22nd. The real estate investment trust reported $0.26 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.26. American Homes 4 Rent had a return on equity of 1.45% and a net margin of 8.43%. The company had revenue of $242.80 million during the quarter, compared to the consensus estimate of $244.81 million. During the same quarter in the prior year, the business earned $0.26 earnings per share. The company’s revenue was up 6.7% compared to the same quarter last year. research analysts expect that American Homes 4 Rent will post 1.17 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Thursday, March 15th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend is Wednesday, March 14th. American Homes 4 Rent’s payout ratio is -250.00%.
American Homes 4 Rent declared that its Board of Directors has approved a share repurchase plan on Thursday, February 22nd that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the real estate investment trust to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its stock is undervalued.
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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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