Oppenheimer Asset Management Inc. Has $475,000 Position in American Homes 4 Rent (AMH)

Oppenheimer Asset Management Inc. boosted its stake in shares of American Homes 4 Rent (NYSE:AMH) by 53.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,678 shares of the real estate investment trust’s stock after buying an additional 7,536 shares during the period. Oppenheimer Asset Management Inc.’s holdings in American Homes 4 Rent were worth $475,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the stock. BlackRock Inc. increased its position in American Homes 4 Rent by 4.4% during the 2nd quarter. BlackRock Inc. now owns 19,213,045 shares of the real estate investment trust’s stock valued at $426,146,000 after buying an additional 812,581 shares in the last quarter. Centersquare Investment Management LLC boosted its stake in American Homes 4 Rent by 16.1% during the 2nd quarter. Centersquare Investment Management LLC now owns 9,407,763 shares of the real estate investment trust’s stock valued at $208,664,000 after purchasing an additional 1,303,923 shares during the last quarter. Principal Financial Group Inc. boosted its stake in American Homes 4 Rent by 42.0% during the 1st quarter. Principal Financial Group Inc. now owns 6,111,266 shares of the real estate investment trust’s stock valued at $122,715,000 after purchasing an additional 1,808,597 shares during the last quarter. Burgundy Asset Management Ltd. boosted its stake in American Homes 4 Rent by 7.5% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 4,514,020 shares of the real estate investment trust’s stock valued at $100,121,000 after purchasing an additional 315,539 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in American Homes 4 Rent by 2.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,881,359 shares of the real estate investment trust’s stock valued at $86,090,000 after purchasing an additional 76,037 shares during the last quarter. 88.91% of the stock is owned by institutional investors.

Several analysts have commented on AMH shares. Mizuho set a $25.00 target price on American Homes 4 Rent and gave the company a “buy” rating in a research note on Friday, August 3rd. Zacks Investment Research upgraded American Homes 4 Rent from a “sell” rating to a “hold” rating in a research note on Monday, August 20th. BTIG Research set a $25.00 target price on American Homes 4 Rent and gave the company a “buy” rating in a research note on Monday. Wells Fargo & Co increased their target price on American Homes 4 Rent from $22.00 to $24.00 and gave the company a “market perform” rating in a research note on Tuesday, August 28th. Finally, Zelman & Associates downgraded American Homes 4 Rent from a “buy” rating to a “hold” rating in a research note on Monday, July 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $24.50.



In other news, Director Douglas N. Benham purchased 2,000 shares of the company’s stock in a transaction dated Wednesday, October 10th. The shares were purchased at an average cost of $23.73 per share, for a total transaction of $47,460.00. Following the purchase, the director now directly owns 8,000 shares in the company, valued at approximately $189,840. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Tamara Hughes Gustavson purchased 217,000 shares of the company’s stock in a transaction dated Wednesday, September 5th. The stock was purchased at an average price of $22.93 per share, for a total transaction of $4,975,810.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 150,000 shares of company stock worth $3,450,000. Company insiders own 27.82% of the company’s stock.

Shares of AMH opened at $20.19 on Thursday. The company has a current ratio of 0.99, a quick ratio of 0.85 and a debt-to-equity ratio of 0.45. American Homes 4 Rent has a 12 month low of $18.39 and a 12 month high of $23.34. The firm has a market cap of $5.89 billion, a price-to-earnings ratio of 19.79, a price-to-earnings-growth ratio of 1.37 and a beta of 0.62.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings results on Thursday, November 1st. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.22). The firm had revenue of $280.10 million during the quarter, compared to analysts’ expectations of $270.24 million. American Homes 4 Rent had a return on equity of 1.90% and a net margin of 10.70%. The business’s quarterly revenue was up 13.5% on a year-over-year basis. During the same quarter last year, the business earned $0.25 earnings per share. On average, equities research analysts expect that American Homes 4 Rent will post 1.08 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Friday, December 14th will be paid a $0.05 dividend. The ex-dividend date is Thursday, December 13th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.99%. American Homes 4 Rent’s dividend payout ratio (DPR) is currently 19.61%.

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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.

Further Reading: Understanding Price to Earnings Ratio (PE)

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

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