Van ECK Associates Corp Buys New Stake in American Homes 4 Rent (AMH)

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Van ECK Associates Corp bought a new position in American Homes 4 Rent (NYSE:AMH) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 53,544 shares of the real estate investment trust’s stock, valued at approximately $1,188,000.

A number of other large investors also recently made changes to their positions in the stock. BlackRock Inc. grew its position in American Homes 4 Rent by 4.4% in the second quarter. BlackRock Inc. now owns 19,213,045 shares of the real estate investment trust’s stock worth $426,146,000 after acquiring an additional 812,581 shares in the last quarter. Long Pond Capital LP purchased a new position in American Homes 4 Rent in the first quarter worth $218,345,000. JPMorgan Chase & Co. grew its position in American Homes 4 Rent by 15.6% in the first quarter. JPMorgan Chase & Co. now owns 10,646,133 shares of the real estate investment trust’s stock worth $213,775,000 after acquiring an additional 1,436,368 shares in the last quarter. Centersquare Investment Management LLC grew its position in American Homes 4 Rent by 16.1% in the second quarter. Centersquare Investment Management LLC now owns 9,407,763 shares of the real estate investment trust’s stock worth $208,664,000 after acquiring an additional 1,303,923 shares in the last quarter. Finally, CI Investments Inc. grew its position in American Homes 4 Rent by 0.4% in the first quarter. CI Investments Inc. now owns 6,567,100 shares of the real estate investment trust’s stock worth $131,867,000 after acquiring an additional 25,100 shares in the last quarter. Institutional investors own 89.15% of the company’s stock.

Several research analysts recently issued reports on AMH shares. Mizuho set a $25.00 target price on shares of American Homes 4 Rent and gave the stock a “buy” rating in a research report on Friday, August 3rd. Zacks Investment Research upgraded shares of American Homes 4 Rent from a “sell” rating to a “hold” rating in a research report on Monday, August 20th. Wells Fargo & Co upped their price target on shares of American Homes 4 Rent from $22.00 to $24.00 and gave the company a “market perform” rating in a research report on Tuesday, August 28th. Zelman & Associates lowered shares of American Homes 4 Rent from a “buy” rating to a “hold” rating in a research report on Monday, July 30th. Finally, Morgan Stanley cut their price target on shares of American Homes 4 Rent from $25.00 to $22.50 and set an “overweight” rating for the company in a research report on Thursday, June 14th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. American Homes 4 Rent currently has a consensus rating of “Buy” and a consensus price target of $24.50.

NYSE AMH opened at $22.49 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.46. American Homes 4 Rent has a 12-month low of $18.39 and a 12-month high of $23.34. The stock has a market cap of $6.62 billion, a price-to-earnings ratio of 22.05, a price-to-earnings-growth ratio of 1.54 and a beta of 0.57.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings results on Thursday, August 2nd. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.27. American Homes 4 Rent had a net margin of 10.20% and a return on equity of 1.76%. The business had revenue of $264.48 million during the quarter, compared to analyst estimates of $257.89 million. During the same period in the prior year, the business posted $0.26 earnings per share. The company’s revenue was up 11.6% on a year-over-year basis. sell-side analysts predict that American Homes 4 Rent will post 1.08 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 1st. Stockholders of record on Friday, September 14th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.89%. The ex-dividend date is Thursday, September 13th. American Homes 4 Rent’s dividend payout ratio (DPR) is 19.61%.

In other news, Director Stephanie G. Heim sold 25,100 shares of the company’s stock in a transaction dated Monday, August 20th. The shares were sold at an average price of $23.00, for a total transaction of $577,300.00. Following the completion of the transaction, the director now directly owns 62,876 shares of the company’s stock, valued at $1,446,148. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Sara H. Vogt-Lowell sold 100,000 shares of the company’s stock in a transaction dated Monday, August 20th. The shares were sold at an average price of $23.00, for a total transaction of $2,300,000.00. Following the transaction, the insider now directly owns 86,790 shares of the company’s stock, valued at $1,996,170. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 150,000 shares of company stock valued at $3,450,000. Insiders own 27.82% of the company’s stock.

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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