Sumitomo Mitsui Trust Holdings Inc. boosted its position in American Homes 4 Rent (NYSE:AMH) by 5.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 242,952 shares of the real estate investment trust’s stock after purchasing an additional 12,670 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.08% of American Homes 4 Rent worth $4,878,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMH. American International Group Inc. purchased a new position in American Homes 4 Rent in the 4th quarter valued at approximately $109,000. Granite Springs Asset Management LLC purchased a new position in American Homes 4 Rent in the 4th quarter valued at approximately $279,000. Virtu Financial LLC purchased a new position in American Homes 4 Rent in the 4th quarter valued at approximately $328,000. RMR Advisors LLC purchased a new position in American Homes 4 Rent during the fourth quarter worth $352,000. Finally, Alps Advisors Inc. purchased a new position in American Homes 4 Rent during the first quarter worth $361,000. 92.66% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have weighed in on AMH shares. Mizuho set a $22.00 price target on American Homes 4 Rent and gave the stock a “buy” rating in a research report on Tuesday, February 27th. 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 report on Monday, February 26th. B. Riley set a $26.00 price target on American Homes 4 Rent and gave the stock a “buy” rating in a research report on Friday, February 23rd. Robert W. Baird started coverage on American Homes 4 Rent in a research report on Thursday, March 29th. They set an “outperform” rating and a $23.00 price target for the company. Finally, ValuEngine downgraded American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Thursday. Three investment analysts have rated the stock with a sell rating and nine have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $24.56.
American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings data on Thursday, May 3rd. The real estate investment trust reported $0.02 EPS for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.01). The business had revenue of $258.00 million during the quarter, compared to analysts’ expectations of $251.72 million. American Homes 4 Rent had a net margin of 9.07% and a return on equity of 1.56%. American Homes 4 Rent’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.26 EPS. research analysts anticipate that American Homes 4 Rent will post 1.11 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 2nd. Stockholders of record on Friday, June 15th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date is Thursday, June 14th. American Homes 4 Rent’s dividend payout ratio is currently 19.61%.
American Homes 4 Rent announced that its Board of Directors has approved a share buyback 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 buy shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.
In other news, Director Dann V. Angeloff sold 3,000 shares of American Homes 4 Rent stock in a transaction on Monday, March 12th. The stock was sold at an average price of $19.67, for a total value of $59,010.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director B Wayne Et Al Hughes acquired 242,223 shares of the stock in a transaction dated Monday, May 14th. The stock was acquired at an average cost of $20.64 per share, with a total value of $4,999,482.72. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 262,385 shares of company stock valued at $5,418,520. Company insiders own 27.82% of the company’s stock.
American Homes 4 Rent Profile
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.
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