American Homes 4 Rent (AMH) Shares Sold by Credit Suisse AG

Credit Suisse AG lowered its position in American Homes 4 Rent (NYSE:AMH) by 1.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 601,550 shares of the real estate investment trust’s stock after selling 10,832 shares during the period. Credit Suisse AG owned about 0.20% of American Homes 4 Rent worth $13,168,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Canada Pension Plan Investment Board lifted its position in shares of American Homes 4 Rent by 44.1% in the third quarter. Canada Pension Plan Investment Board now owns 72,900 shares of the real estate investment trust’s stock valued at $1,596,000 after acquiring an additional 22,300 shares in the last quarter. BlackRock Inc. lifted its position in shares of American Homes 4 Rent by 1.8% in the third quarter. BlackRock Inc. now owns 19,553,235 shares of the real estate investment trust’s stock valued at $428,020,000 after acquiring an additional 340,190 shares in the last quarter. Capital Growth Management LP purchased a new position in shares of American Homes 4 Rent in the third quarter valued at about $32,616,000. CI Investments Inc. lifted its position in shares of American Homes 4 Rent by 0.7% in the third quarter. CI Investments Inc. now owns 7,238,968 shares of the real estate investment trust’s stock valued at $158,461,000 after acquiring an additional 51,651 shares in the last quarter. Finally, Global Endowment Management LP lifted its position in shares of American Homes 4 Rent by 167.7% in the third quarter. Global Endowment Management LP now owns 70,400 shares of the real estate investment trust’s stock valued at $1,541,000 after acquiring an additional 44,100 shares in the last quarter. 88.10% of the stock is owned by institutional investors.

NYSE:AMH opened at $21.06 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $6.14 billion, a P/E ratio of 19.71, a PEG ratio of 1.53 and a beta of 0.60. American Homes 4 Rent has a 12 month low of $18.39 and a 12 month high of $23.34.



American Homes 4 Rent (NYSE:AMH) last posted its earnings results on Thursday, November 1st. The real estate investment trust reported $0.05 EPS for the quarter, missing analysts’ consensus estimates 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%. American Homes 4 Rent’s quarterly revenue was up 13.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.25 earnings per share. On average, equities research analysts anticipate that American Homes 4 Rent will post 1.07 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Friday, December 14th will be paid a dividend of $0.05 per share. The ex-dividend date is Thursday, December 13th. This represents a $0.20 annualized dividend and a yield of 0.95%. American Homes 4 Rent’s payout ratio is currently 19.61%.

In related news, Director Douglas N. Benham acquired 2,000 shares of American Homes 4 Rent stock in a transaction on Wednesday, October 10th. The shares were bought at an average cost of $23.73 per share, with a total value of $47,460.00. Following the completion of the purchase, the director now directly owns 8,000 shares of the company’s stock, valued at approximately $189,840. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director B Wayne Et Al Hughes acquired 200,000 shares of American Homes 4 Rent stock in a transaction on Tuesday, November 6th. The shares were bought at an average cost of $19.91 per share, for a total transaction of $3,982,000.00. The disclosure for this purchase can be found here. Insiders have acquired 2,381,479 shares of company stock worth $47,852,315 over the last three months. 27.82% of the stock is currently owned by insiders.

A number of equities research analysts recently commented on the company. Wells Fargo & Co boosted their target price on American Homes 4 Rent from $22.00 to $24.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 28th. Zacks Investment Research upgraded American Homes 4 Rent from a “sell” rating to a “hold” rating in a research report on Monday, August 20th. Mizuho downgraded American Homes 4 Rent from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $24.00 to $22.00 in a research report on Wednesday, November 14th. JPMorgan Chase & Co. decreased their target price on American Homes 4 Rent from $26.00 to $25.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 14th. Finally, Morgan Stanley downgraded American Homes 4 Rent from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $22.50 to $21.00 in a research report on Thursday, November 15th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the stock. American Homes 4 Rent has an average rating of “Hold” and a consensus target price of $23.75.

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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.

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