OxFORD Asset Management LLP increased its holdings in shares of American Homes 4 Rent (NYSE:AMH) by 7.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 202,276 shares of the real estate investment trust’s stock after buying an additional 14,619 shares during the quarter. OxFORD Asset Management LLP owned 0.07% of American Homes 4 Rent worth $4,410,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. PNC Financial Services Group Inc. raised its stake in American Homes 4 Rent by 5.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 5,720 shares of the real estate investment trust’s stock worth $128,000 after buying an additional 278 shares during the period. Public Employees Retirement Association of Colorado raised 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 worth $161,000 after buying an additional 1,848 shares during the period. The Manufacturers Life Insurance Company raised its stake in American Homes 4 Rent by 7.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,247 shares of the real estate investment trust’s stock worth $164,000 after buying an additional 515 shares during the period. CIBC Asset Management Inc acquired a new stake in American Homes 4 Rent during the 3rd quarter worth $202,000. Finally, QCM Cayman Ltd. acquired a new stake in American Homes 4 Rent during the 2nd quarter worth $203,000. 88.22% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages recently commented on AMH. B. Riley reaffirmed a “buy” rating on shares of American Homes 4 Rent in a research note on Wednesday, November 1st. BidaskClub cut American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Friday, August 11th. Evercore ISI upgraded American Homes 4 Rent from an “in-line” rating to an “outperform” rating and set a $24.50 target price for the company in a report on Monday. FBR & Co reiterated a “buy” rating and set a $26.00 target price on shares of American Homes 4 Rent in a report on Friday, September 29th. Finally, Zacks Investment Research upgraded American Homes 4 Rent from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $25.13.
American Homes 4 Rent (AMH) traded down $0.01 during mid-day trading on Thursday, reaching $21.31. The company’s stock had a trading volume of 1,161,600 shares, compared to its average volume of 2,027,466. The company has a market cap of $6,113.25, a PE ratio of 20.70, a PEG ratio of 1.80 and a beta of 0.68. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.51 and a current ratio of 1.51. American Homes 4 Rent has a 52-week low of $19.62 and a 52-week high of $23.98.
American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.25 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.25. The company had revenue of $246.80 million during the quarter, compared to analysts’ expectations of $247.96 million. American Homes 4 Rent had a return on equity of 1.15% and a net margin of 6.56%. American Homes 4 Rent’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.24 EPS. equities analysts expect that American Homes 4 Rent will post 1.03 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Tuesday, January 2nd will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend is Friday, December 29th. American Homes 4 Rent’s payout ratio is -2,000.00%.
In related news, Director B Wayne Et Al Hughes acquired 101,678 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The stock was bought at an average price of $21.87 per share, for a total transaction of $2,223,697.86. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders bought a total of 1,766,855 shares of company stock valued at $38,597,023 in the last 90 days. 27.82% of the stock is owned by corporate insiders.
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American Homes 4 Rent Company 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.
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