American Homes 4 Rent (NYSE:AMH) Stake Cut by Natixis Advisors L.P.

Natixis Advisors L.P. reduced its holdings in American Homes 4 Rent (NYSE:AMH) by 18.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 157,638 shares of the real estate investment trust’s stock after selling 35,666 shares during the period. Natixis Advisors L.P. owned about 0.05% of American Homes 4 Rent worth $3,832,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. BlackRock Inc. lifted its stake in American Homes 4 Rent by 4.7% in the 1st quarter. BlackRock Inc. now owns 20,522,380 shares of the real estate investment trust’s stock worth $466,268,000 after acquiring an additional 919,749 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in American Homes 4 Rent by 35.4% in the 1st quarter. JPMorgan Chase & Co. now owns 14,029,048 shares of the real estate investment trust’s stock worth $318,739,000 after acquiring an additional 3,671,347 shares in the last quarter. Principal Financial Group Inc. lifted its stake in American Homes 4 Rent by 10.9% in the 1st quarter. Principal Financial Group Inc. now owns 9,784,600 shares of the real estate investment trust’s stock worth $222,306,000 after acquiring an additional 961,803 shares in the last quarter. FMR LLC lifted its stake in American Homes 4 Rent by 15.4% in the 1st quarter. FMR LLC now owns 9,322,298 shares of the real estate investment trust’s stock worth $211,803,000 after acquiring an additional 1,247,543 shares in the last quarter. Finally, Clearbridge Investments LLC lifted its stake in American Homes 4 Rent by 7.3% in the 1st quarter. Clearbridge Investments LLC now owns 6,764,231 shares of the real estate investment trust’s stock worth $153,683,000 after acquiring an additional 458,132 shares in the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

Shares of AMH traded down $0.12 during midday trading on Friday, reaching $24.48. 15,943 shares of the stock were exchanged, compared to its average volume of 1,823,194. American Homes 4 Rent has a 12-month low of $18.91 and a 12-month high of $26.00. The firm has a 50 day simple moving average of $24.97 and a 200-day simple moving average of $24.08. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.47. The company has a market cap of $7.34 billion, a price-to-earnings ratio of 23.14, a P/E/G ratio of 2.06 and a beta of 0.62.



American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.19). American Homes 4 Rent had a return on equity of 1.86% and a net margin of 10.02%. The firm had revenue of $281.90 million for the quarter, compared to analysts’ expectations of $279.04 million. During the same period last year, the business earned $0.27 earnings per share. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. Research analysts expect that American Homes 4 Rent will post 1.11 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend is Thursday, September 12th. American Homes 4 Rent’s payout ratio is presently 18.87%.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research raised American Homes 4 Rent from a “sell” rating to a “hold” rating in a research note on Wednesday, August 7th. BTIG Research downgraded American Homes 4 Rent from a “buy” rating to a “neutral” rating in a research note on Thursday, August 1st. They noted that the move was a valuation call. Citigroup downgraded American Homes 4 Rent from a “buy” rating to a “neutral” rating and set a $25.00 price target for the company. in a research note on Tuesday, June 11th. B. Riley set a $28.00 price target on American Homes 4 Rent and gave the stock a “buy” rating in a research note on Friday, August 16th. Finally, ValuEngine downgraded American Homes 4 Rent from a “buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. American Homes 4 Rent has an average rating of “Hold” and an average price target of $25.00.

In related news, COO Jack E. Corrigan sold 75,000 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $25.68, for a total transaction of $1,926,000.00. Following the completion of the transaction, the chief operating officer now owns 100 shares in the company, valued at approximately $2,568. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Jack E. Corrigan sold 20,000 shares of the firm’s 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 transaction, the chief operating officer now owns 100 shares of the company’s stock, valued at approximately $2,555. The disclosure for this sale can be found here. Insiders have sold a total of 275,000 shares of company stock worth $7,060,600 in the last three months. 27.58% of the stock is owned by insiders.

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

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