M&T Bank Corp Buys 4,377 Shares of American Homes 4 Rent (AMH)

M&T Bank Corp grew its stake in shares of American Homes 4 Rent (NYSE:AMH) by 30.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,692 shares of the real estate investment trust’s stock after purchasing an additional 4,377 shares during the quarter. M&T Bank Corp’s holdings in American Homes 4 Rent were worth $407,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of AMH. PNC Financial Services Group Inc. lifted its stake in shares of American Homes 4 Rent by 5.1% during the second quarter. PNC Financial Services Group Inc. now owns 5,720 shares of the real estate investment trust’s stock worth $128,000 after purchasing an additional 278 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of American Homes 4 Rent by 7.7% during the second quarter. The Manufacturers Life Insurance Company now owns 7,247 shares of the real estate investment trust’s stock worth $164,000 after purchasing an additional 515 shares in the last quarter. CIBC Asset Management Inc acquired a new position in shares of American Homes 4 Rent during the third quarter worth about $202,000. Magnetar Financial LLC acquired a new position in shares of American Homes 4 Rent during the third quarter worth about $228,000. Finally, Yorktown Management & Research Co Inc acquired a new position in shares of American Homes 4 Rent during the third quarter worth about $339,000. Institutional investors own 92.63% of the company’s stock.

American Homes 4 Rent (NYSE AMH) opened at $19.27 on Friday. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.40. American Homes 4 Rent has a one year low of $18.39 and a one year high of $23.98. The company has a market capitalization of $5,562.72, a PE ratio of 18.83, a P/E/G ratio of 1.44 and a beta of 0.58.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings results on Thursday, February 22nd. The real estate investment trust reported $0.26 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.26. American Homes 4 Rent had a return on equity of 1.47% and a net margin of 8.43%. The business had revenue of $242.80 million for the quarter, compared to analysts’ expectations of $244.81 million. During the same quarter in the previous year, the firm posted $0.26 earnings per share. The company’s revenue was up 6.7% compared to the same quarter last year. analysts forecast that American Homes 4 Rent will post 1.17 EPS for the current year.

American Homes 4 Rent declared that its board has approved a stock buyback program on Thursday, February 22nd that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the real estate investment trust to reacquire shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

In other American Homes 4 Rent news, Director Douglas N. Benham purchased 2,005 shares of the business’s stock in a transaction that occurred on Friday, January 26th. The shares were acquired at an average price of $24.80 per share, for a total transaction of $49,724.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director B Wayne Et Al Hughes purchased 802,745 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The stock was acquired at an average price of $21.30 per share, for a total transaction of $17,098,468.50. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 1,278,300 shares of company stock worth $27,237,993. Insiders own 27.82% of the company’s stock.

A number of brokerages have commented on AMH. B. Riley set a $26.00 price objective on American Homes 4 Rent and gave the stock a “buy” rating in a research note on Tuesday, November 14th. JPMorgan Chase & Co. upgraded American Homes 4 Rent from a “neutral” rating to an “overweight” rating and set a $26.00 price objective on the stock in a research note on Friday, December 15th. Evercore ISI upgraded American Homes 4 Rent from an “in-line” rating to an “outperform” rating and set a $24.50 price objective on the stock in a research note on Monday, December 4th. Keefe, Bruyette & Woods upgraded American Homes 4 Rent from a “market perform” rating to an “outperform” rating in a research note on Thursday, December 7th. Finally, TheStreet cut American Homes 4 Rent from a “b-” rating to a “c+” rating in a research note on Wednesday, January 10th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $25.22.

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

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