American Homes 4 Rent (AMH) Shares Bought by Covey Capital Advisors LLC

Covey Capital Advisors LLC boosted its position in shares of American Homes 4 Rent (NYSE:AMH) by 9.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,553 shares of the real estate investment trust’s stock after purchasing an additional 4,250 shares during the period. American Homes 4 Rent makes up 1.2% of Covey Capital Advisors LLC’s portfolio, making the stock its 20th biggest position. Covey Capital Advisors LLC’s holdings in American Homes 4 Rent were worth $1,118,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FNY Partners Fund LP acquired a new stake in American Homes 4 Rent during the 1st quarter valued at $114,000. PNC Financial Services Group Inc. boosted its stake in American Homes 4 Rent by 169.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,442 shares of the real estate investment trust’s stock valued at $125,000 after acquiring an additional 3,423 shares during the last quarter. Public Employees Retirement Association of Colorado boosted its stake in American Homes 4 Rent by 35.0% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 7,125 shares of the real estate investment trust’s stock valued at $161,000 after acquiring an additional 1,848 shares during the last quarter. Teza Capital Management LLC bought a new position in American Homes 4 Rent during the 1st quarter valued at $202,000. Finally, Old Mutual Global Investors UK Ltd. bought a new position in American Homes 4 Rent during the 2nd quarter valued at $219,000. 93.74% of the stock is owned by institutional investors and hedge funds.

In related news, Director B Wayne Et Al Hughes acquired 1,372,200 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The shares were bought at an average cost of $21.84 per share, for a total transaction of $29,968,848.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 27.82% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “American Homes 4 Rent (AMH) Shares Bought by Covey Capital Advisors LLC” was originally posted by BBNS and is the property of of BBNS. If you are reading this report on another website, it was copied illegally and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this report can be read at https://baseballnewssource.com/markets/covey-capital-advisors-llc-has-1-12-million-position-in-american-homes-4-rent-amh/1602122.html.

American Homes 4 Rent (NYSE:AMH) opened at 21.66 on Friday. The firm’s market capitalization is $5.64 billion. The firm has a 50 day moving average of $22.34 and a 200 day moving average of $22.68. American Homes 4 Rent has a one year low of $19.63 and a one year high of $23.98.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.04). American Homes 4 Rent had a return on equity of 0.70% and a net margin of 3.82%. The business had revenue of $237.00 million during the quarter, compared to analysts’ expectations of $236.28 million. During the same period in the prior year, the firm posted $0.25 EPS. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. Equities analysts forecast that American Homes 4 Rent will post $0.05 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a dividend of $0.05 per share. The ex-dividend date is Thursday, September 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.92%. American Homes 4 Rent’s payout ratio is -181.82%.

A number of research analysts have recently issued reports on the stock. BidaskClub downgraded shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Friday, August 25th. Zacks Investment Research upgraded shares of American Homes 4 Rent from a “sell” rating to a “hold” rating in a research report on Tuesday, August 22nd. TheStreet upgraded shares of American Homes 4 Rent from a “c” rating to a “b” rating in a research report on Friday, August 4th. Finally, Mizuho raised shares of American Homes 4 Rent from a “neutral” rating to a “buy” rating and set a $25.50 target price on the stock in a research note on Monday, July 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $24.83.

American Homes 4 Rent Profile

American Homes 4 Rent is an internally managed real estate investment trust (REIT) focused on acquiring, renovating, leasing and operating single-family homes as rental properties. The Company’s primary objective is to generate attractive risk-adjusted returns for its shareholders through dividends and capital appreciation by acquiring, renovating, leasing and operating single-family homes as rental properties.

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

Receive News & Ratings for American Homes 4 Rent Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Homes 4 Rent and related companies with our FREE daily email newsletter.

 


Latest News

American League Once Again Dominates National League
American League Once Again Dominates National League
Los Angeles Dodgers Waiting But Magic Number Down to One
Los Angeles Dodgers Waiting But Magic Number Down to One
Young Girl Hit by Foul Ball Rushed to Hospital
Young Girl Hit by Foul Ball Rushed to Hospital
New Home Run Record Reached in Major League Baseball
New Home Run Record Reached in Major League Baseball
Will 2017 MLB Season End with No 20-Game Winner?
Will 2017 MLB Season End with No 20-Game Winner?
Cleveland Indians Winning Streak Snapped at 22
Cleveland Indians Winning Streak Snapped at 22


Leave a Reply

 
© 2006-2017 BBNS.