American Homes 4 Rent (NYSE:AMH) Shares Acquired by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lifted its position in shares of American Homes 4 Rent (NYSE:AMH) by 2.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,693 shares of the real estate investment trust’s stock after purchasing an additional 331 shares during the period. PNC Financial Services Group Inc.’s holdings in American Homes 4 Rent were worth $492,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Long Pond Capital LP increased its stake in shares of American Homes 4 Rent by 79.0% in the first quarter. Long Pond Capital LP now owns 6,035,274 shares of the real estate investment trust’s stock worth $201,216,000 after buying an additional 2,663,546 shares during the last quarter. Waterfront Capital Partners LLC bought a new stake in shares of American Homes 4 Rent in the first quarter worth $39,560,000. V3 Capital Management L.P. bought a new stake in shares of American Homes 4 Rent in the first quarter worth $30,273,000. D. E. Shaw & Co. Inc. increased its stake in shares of American Homes 4 Rent by 41.2% in the first quarter. D. E. Shaw & Co. Inc. now owns 2,312,222 shares of the real estate investment trust’s stock worth $77,089,000 after buying an additional 674,636 shares during the last quarter. Finally, Boston Partners increased its stake in shares of American Homes 4 Rent by 11.3% in the first quarter. Boston Partners now owns 4,018,344 shares of the real estate investment trust’s stock worth $134,000,000 after buying an additional 407,903 shares during the last quarter. 85.57% of the stock is currently owned by institutional investors and hedge funds.

AMH stock opened at $40.31 on Friday. The company has a market capitalization of $13.01 billion, a P/E ratio of 130.03, a PEG ratio of 1.97 and a beta of 0.50. The company has a 50-day simple moving average of $41.32 and a 200 day simple moving average of $37.75. American Homes 4 Rent has a fifty-two week low of $26.96 and a fifty-two week high of $42.61. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.56.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings data on Wednesday, August 4th. The real estate investment trust reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.01. American Homes 4 Rent had a net margin of 12.45% and a return on equity of 2.41%. Equities analysts anticipate that American Homes 4 Rent will post 1.33 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 30th. Investors of record on Wednesday, September 15th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend is Tuesday, September 14th. American Homes 4 Rent’s payout ratio is currently 34.48%.

AMH has been the subject of several recent research reports. Wells Fargo & Company boosted their target price on shares of American Homes 4 Rent from $38.00 to $44.00 and gave the company an “overweight” rating in a research note on Thursday, June 17th. Berenberg Bank lowered shares of American Homes 4 Rent from a “buy” rating to a “hold” rating in a research note on Monday, August 16th. JMP Securities boosted their target price on shares of American Homes 4 Rent from $34.00 to $47.00 and gave the company an “outperform” rating in a research note on Friday, August 20th. Barclays initiated coverage on shares of American Homes 4 Rent in a research note on Wednesday, September 1st. They set an “overweight” rating and a $49.00 target price for the company. Finally, Wolfe Research upgraded shares of American Homes 4 Rent from a “peer perform” rating to an “outperform” rating in a research note on Monday, August 30th. Six analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $42.54.

In other American Homes 4 Rent news, COO Bryan Smith sold 23,602 shares of the company’s stock in a transaction dated Monday, August 30th. The shares were sold at an average price of $40.75, for a total value of $961,781.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Christopher Lau sold 7,500 shares of the company’s stock in a transaction dated Thursday, September 2nd. The shares were sold at an average price of $42.25, for a total transaction of $316,875.00. The disclosure for this sale can be found here. Insiders sold 37,000 shares of company stock valued at $1,453,955 in the last ninety days. Corporate insiders own 6.61% of the company’s stock.

American Homes 4 Rent Profile

American Homes 4 Rent operates as a real estate investment trust. It engages in the acquisition, renovation, leasing, and operating single-family home as rental properties. The company was founded by Bradley Wayne Hughes, Sr. on October 19, 2012 and is headquartered in Calabasas, CA.

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

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