American Homes 4 Rent (NYSE:AMH) Shares Sold by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. cut its holdings in American Homes 4 Rent (NYSE:AMH) by 51.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 336,863 shares of the real estate investment trust’s stock after selling 359,344 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in American Homes 4 Rent were worth $11,238,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Teacher Retirement System of Texas increased its stake in American Homes 4 Rent by 23.4% in the first quarter. Teacher Retirement System of Texas now owns 30,641 shares of the real estate investment trust’s stock valued at $1,022,000 after purchasing an additional 5,806 shares during the period. Synovus Financial Corp increased its stake in shares of American Homes 4 Rent by 8.1% during the first quarter. Synovus Financial Corp now owns 11,975 shares of the real estate investment trust’s stock worth $398,000 after acquiring an additional 898 shares during the period. Nissay Asset Management Corp Japan ADV increased its stake in shares of American Homes 4 Rent by 11.8% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 23,411 shares of the real estate investment trust’s stock worth $781,000 after acquiring an additional 2,470 shares during the period. Russell Investments Group Ltd. increased its stake in shares of American Homes 4 Rent by 17.8% during the first quarter. Russell Investments Group Ltd. now owns 1,551,827 shares of the real estate investment trust’s stock worth $51,735,000 after acquiring an additional 234,935 shares during the period. Finally, Duff & Phelps Investment Management Co. increased its stake in shares of American Homes 4 Rent by 1.4% during the first quarter. Duff & Phelps Investment Management Co. now owns 2,538,465 shares of the real estate investment trust’s stock worth $84,632,000 after acquiring an additional 36,200 shares during the period. Institutional investors own 84.50% of the company’s stock.

In related news, CEO David P. Singelyn sold 190,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 16th. The shares were sold at an average price of $32.52, for a total transaction of $6,178,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder B Wayne Et Al Hughes purchased 54,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 12th. The shares were bought at an average cost of $36.93 per share, with a total value of $1,994,220.00. The disclosure for this purchase can be found here. Insiders have sold 292,442 shares of company stock worth $9,509,487 in the last three months. Insiders own 6.61% of the company’s stock.

Shares of NYSE AMH opened at $39.26 on Friday. American Homes 4 Rent has a 12-month low of $25.90 and a 12-month high of $39.37. The stock has a market capitalization of $12.46 billion, a P/E ratio of 130.87, a PEG ratio of 2.16 and a beta of 0.49. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.45. The firm has a 50-day simple moving average of $36.57.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings data on Wednesday, May 5th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.03. The business had revenue of $312.57 million for the quarter, compared to the consensus estimate of $308.95 million. American Homes 4 Rent had a net margin of 12.47% and a return on equity of 2.36%. The company’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.28 earnings per share. As a group, equities research analysts expect that American Homes 4 Rent will post 1.28 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 30th. Investors of record on Tuesday, June 15th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.02%. The ex-dividend date is Monday, June 14th. American Homes 4 Rent’s payout ratio is 34.48%.

AMH has been the topic of a number of recent analyst reports. Zelman & Associates reiterated a “hold” rating on shares of American Homes 4 Rent in a research note on Monday, May 17th. B. Riley boosted their price objective on shares of American Homes 4 Rent from $34.00 to $38.00 and gave the stock a “buy” rating in a report on Thursday, April 1st. Morgan Stanley boosted their price objective on shares of American Homes 4 Rent from $38.00 to $40.00 and gave the stock an “equal weight” rating in a report on Tuesday. TheStreet raised shares of American Homes 4 Rent from a “c+” rating to a “b-” rating in a report on Monday, March 1st. Finally, Royal Bank of Canada initiated coverage on shares of American Homes 4 Rent in a report on Tuesday, March 30th. They set an “outperform” rating and a $37.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. American Homes 4 Rent presently has a consensus rating of “Buy” and a consensus target price of $34.50.

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, developing, 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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