Schroder Investment Management Group Acquires Shares of 5,074 American Homes 4 Rent (NYSE:AMH)

Schroder Investment Management Group acquired a new stake in shares of American Homes 4 Rent (NYSE:AMH) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 5,074 shares of the real estate investment trust’s stock, valued at approximately $123,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AMH. Invesco Ltd. boosted its stake in American Homes 4 Rent by 177.2% during the 2nd quarter. Invesco Ltd. now owns 6,983,625 shares of the real estate investment trust’s stock valued at $169,773,000 after acquiring an additional 4,464,448 shares during the last quarter. Nuveen Asset Management LLC raised its holdings in shares of American Homes 4 Rent by 273.1% during the second quarter. Nuveen Asset Management LLC now owns 5,976,811 shares of the real estate investment trust’s stock worth $145,297,000 after purchasing an additional 4,374,907 shares during the period. Cohen & Steers Inc. raised its holdings in shares of American Homes 4 Rent by 34.0% during the second quarter. Cohen & Steers Inc. now owns 16,332,187 shares of the real estate investment trust’s stock worth $397,035,000 after purchasing an additional 4,145,419 shares during the period. Commonwealth Bank of Australia acquired a new stake in shares of American Homes 4 Rent during the second quarter worth $37,647,000. Finally, FMR LLC raised its holdings in shares of American Homes 4 Rent by 15.4% during the first quarter. FMR LLC now owns 9,322,298 shares of the real estate investment trust’s stock worth $211,803,000 after purchasing an additional 1,247,543 shares during the period. Hedge funds and other institutional investors own 87.20% of the company’s stock.

Shares of NYSE:AMH opened at $26.04 on Friday. The stock has a market capitalization of $7.78 billion, a price-to-earnings ratio of 24.57, a price-to-earnings-growth ratio of 2.18 and a beta of 0.60. American Homes 4 Rent has a 1-year low of $18.91 and a 1-year high of $26.19. The company’s fifty day moving average is $25.31 and its two-hundred day moving average is $24.44. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.05 and a current ratio of 1.05.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings data 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 during the quarter, compared to analyst estimates of $279.04 million. During the same period last year, the business earned $0.27 EPS. The firm’s revenue was up 6.6% on a year-over-year basis. Sell-side analysts expect that American Homes 4 Rent will post 1.11 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were issued a $0.05 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.77%. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 18.87%.

In related news, COO Jack E. Corrigan sold 80,000 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $25.67, for a total value of $2,053,600.00. Following the sale, the chief operating officer now owns 100 shares of the company’s stock, valued at approximately $2,567. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO Jack E. Corrigan sold 100,000 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $25.70, for a total transaction of $2,570,000.00. Following the completion of the sale, the chief operating officer now directly owns 100 shares in the company, valued at approximately $2,570. The disclosure for this sale can be found here. In the last ninety days, insiders sold 275,000 shares of company stock worth $7,060,600. Corporate insiders own 27.58% of the company’s stock.

A number of analysts have weighed in on the stock. Citigroup cut shares of American Homes 4 Rent from a “buy” rating to a “neutral” rating and set a $25.00 target price on the stock. in a report on Tuesday, June 11th. Zacks Investment Research raised shares of American Homes 4 Rent from a “sell” rating to a “hold” rating in a report on Wednesday, August 7th. BTIG Research cut shares of 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. ValuEngine cut shares of American Homes 4 Rent from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th. Finally, B. Riley set a $28.00 target price on shares of American Homes 4 Rent and gave the stock a “buy” rating in a report on Friday, August 16th. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $25.00.

American Homes 4 Rent Company 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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