Russell Investments Group Ltd. Sells 832,312 Shares of American Homes 4 Rent (NYSE:AMH)

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Russell Investments Group Ltd. lessened its position in shares of American Homes 4 Rent (NYSE:AMH) by 52.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 741,581 shares of the real estate investment trust’s stock after selling 832,312 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.25% of American Homes 4 Rent worth $19,187,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in AMH. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of American Homes 4 Rent during the 3rd quarter worth approximately $31,000. Quest Capital Management Inc. ADV acquired a new stake in shares of American Homes 4 Rent during the 3rd quarter worth approximately $32,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of American Homes 4 Rent during the 2nd quarter worth approximately $78,000. Altshuler Shaham Ltd grew its holdings in shares of American Homes 4 Rent by 87.7% during the 2nd quarter. Altshuler Shaham Ltd now owns 3,662 shares of the real estate investment trust’s stock worth $89,000 after purchasing an additional 1,711 shares in the last quarter. Finally, Schroder Investment Management Group acquired a new stake in shares of American Homes 4 Rent during the 2nd quarter worth approximately $123,000. 87.33% of the stock is currently owned by institutional investors.

AMH stock traded up $0.24 during trading on Friday, hitting $25.71. The company had a trading volume of 2,573,433 shares, compared to its average volume of 2,082,789. The company has a fifty day moving average price of $25.95 and a two-hundred day moving average price of $24.99. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.47. The company has a market cap of $7.73 billion, a P/E ratio of 24.25, a P/E/G ratio of 2.16 and a beta of 0.60. American Homes 4 Rent has a fifty-two week low of $18.91 and a fifty-two week high of $26.67.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings results on Thursday, November 7th. The real estate investment trust reported $0.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.19). The company had revenue of $298.30 million during the quarter, compared to analyst estimates of $290.51 million. American Homes 4 Rent had a net margin of 10.02% and a return on equity of 1.86%. American Homes 4 Rent’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.27 EPS. On average, analysts expect that American Homes 4 Rent will post 1.11 earnings per share for the current year.

In other American Homes 4 Rent news, COO Jack E. Corrigan sold 20,000 shares of American Homes 4 Rent stock in a transaction 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 completion of the transaction, the chief operating officer now owns 100 shares in the company, valued at approximately $2,555. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Jack E. Corrigan sold 75,000 shares of American Homes 4 Rent stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $25.68, for a total value of $1,926,000.00. Following the completion of the transaction, the chief operating officer now owns 100 shares of the company’s stock, valued at approximately $2,568. 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. 27.58% of the stock is owned by insiders.

AMH has been the topic of several recent research reports. Morgan Stanley lifted their price objective on American Homes 4 Rent from $27.50 to $29.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 9th. Goldman Sachs Group started coverage on American Homes 4 Rent in a research note on Friday. They issued a “buy” rating and a $29.00 price target on the stock. Zacks Investment Research lowered American Homes 4 Rent from a “buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. BTIG Research lowered 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. Finally, B. Riley set a $28.00 price target on American Homes 4 Rent and gave the company a “buy” rating in a research note on Friday, August 16th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $26.88.

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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