HGI Capital Management LLC Sells 107,847 Shares of American Homes 4 Rent (NYSE:AMH)

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HGI Capital Management LLC lessened its holdings in American Homes 4 Rent (NYSE:AMH) by 49.7% during the third quarter, HoldingsChannel.com reports. The fund owned 109,282 shares of the real estate investment trust’s stock after selling 107,847 shares during the period. American Homes 4 Rent makes up about 1.6% of HGI Capital Management LLC’s holdings, making the stock its 23rd biggest holding. HGI Capital Management LLC’s holdings in American Homes 4 Rent were worth $2,829,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. M&T Bank Corp grew its position in American Homes 4 Rent by 4.4% in the second quarter. M&T Bank Corp now owns 13,577 shares of the real estate investment trust’s stock valued at $330,000 after acquiring an additional 572 shares during the last quarter. Quantamental Technologies LLC grew its position in American Homes 4 Rent by 4.6% in the second quarter. Quantamental Technologies LLC now owns 13,313 shares of the real estate investment trust’s stock valued at $324,000 after acquiring an additional 587 shares during the last quarter. US Bancorp DE grew its position in American Homes 4 Rent by 2.2% in the second quarter. US Bancorp DE now owns 35,176 shares of the real estate investment trust’s stock valued at $856,000 after acquiring an additional 760 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in American Homes 4 Rent by 1.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 94,602 shares of the real estate investment trust’s stock valued at $2,449,000 after acquiring an additional 993 shares during the last quarter. Finally, Jane Street Group LLC grew its position in American Homes 4 Rent by 8.1% in the second quarter. Jane Street Group LLC now owns 14,785 shares of the real estate investment trust’s stock valued at $359,000 after acquiring an additional 1,108 shares during the last quarter. Hedge funds and other institutional investors own 87.16% of the company’s stock.

Shares of NYSE:AMH traded down $0.04 during midday trading on Tuesday, hitting $25.79. 106,058 shares of the stock were exchanged, compared to its average volume of 2,927,685. The stock has a market capitalization of $7.73 billion, a price-to-earnings ratio of 24.36, a P/E/G ratio of 2.16 and a beta of 0.60. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.05 and a current ratio of 1.05. The business’s 50-day moving average price is $25.97 and its 200 day moving average price is $25.01. American Homes 4 Rent has a 12 month low of $18.91 and a 12 month high of $26.67.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings results on Thursday, November 7th. The real estate investment trust reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.19). The firm had revenue of $298.30 million for the quarter, compared to the consensus estimate of $290.51 million. American Homes 4 Rent had a return on equity of 2.03% and a net margin of 10.74%. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.27 earnings per share. As a group, sell-side analysts expect that American Homes 4 Rent will post 1.11 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Thursday, January 2nd will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.78%. The ex-dividend date is Tuesday, December 31st. American Homes 4 Rent’s dividend payout ratio (DPR) is currently 18.87%.

AMH has been the topic of several research reports. ValuEngine cut American Homes 4 Rent from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th. BTIG Research cut American Homes 4 Rent from a “buy” rating to a “neutral” rating in a report on Thursday, August 1st. They noted that the move was a valuation call. Evercore ISI restated a “buy” rating and set a $27.00 price target on shares of American Homes 4 Rent in a report on Tuesday. Morgan Stanley boosted their price target on American Homes 4 Rent from $27.50 to $29.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 9th. Finally, B. Riley set a $28.00 price target on American Homes 4 Rent and gave the stock a “buy” rating in a report on Friday, August 16th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $26.89.

In related news, COO Jack E. Corrigan sold 75,000 shares of American Homes 4 Rent stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $25.68, for a total value of $1,926,000.00. Following the transaction, the chief operating officer now directly owns 100 shares of the company’s stock, valued at $2,568. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Jack E. Corrigan sold 20,000 shares of American Homes 4 Rent stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $25.55, for a total value of $511,000.00. Following the completion of the transaction, the chief operating officer now directly owns 100 shares in the company, valued at $2,555. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 275,000 shares of company stock worth $7,060,600. Company insiders own 27.58% 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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Institutional Ownership by Quarter for American Homes 4 Rent (NYSE:AMH)

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