Thrivent Financial For Lutherans lowered its stake in shares of American Homes 4 Rent (NYSE:AMH) by 42.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 94,400 shares of the real estate investment trust’s stock after selling 69,099 shares during the period. Thrivent Financial For Lutherans’ holdings in American Homes 4 Rent were worth $2,062,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of AMH. American International Group Inc. bought a new position in American Homes 4 Rent during the 4th quarter valued at about $109,000. The Manufacturers Life Insurance Company lifted 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 valued at $164,000 after acquiring an additional 515 shares during the period. CIBC Asset Management Inc bought a new position in American Homes 4 Rent during the 3rd quarter valued at about $202,000. Magnetar Financial LLC bought a new position in American Homes 4 Rent during the 3rd quarter valued at about $228,000. Finally, Virtu Financial LLC bought a new position in American Homes 4 Rent during the 4th quarter valued at about $328,000. Institutional investors and hedge funds own 90.65% of the company’s stock.
In other news, Director Dann V. Angeloff sold 3,000 shares of the stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $19.67, for a total value of $59,010.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Douglas N. Benham acquired 2,005 shares of the stock in a transaction dated Friday, January 26th. The stock was acquired at an average price of $24.80 per share, for a total transaction of $49,724.00. The disclosure for this purchase can be found here. 27.82% of the stock is owned by corporate insiders.
American Homes 4 Rent (AMH) opened at $19.72 on Tuesday. American Homes 4 Rent has a one year low of $18.39 and a one year high of $23.83. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.40. The firm has a market cap of $5,695.03, a P/E ratio of -246.50, a PEG ratio of 1.51 and a beta of 0.65.
American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings data on Thursday, February 22nd. The real estate investment trust reported $0.26 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.26. American Homes 4 Rent had a net margin of 8.43% and a return on equity of 1.45%. The firm had revenue of $242.80 million for the quarter, compared to analysts’ expectations of $244.81 million. During the same quarter in the prior year, the business earned $0.26 EPS. The business’s quarterly revenue was up 6.7% on a year-over-year basis. research analysts expect that American Homes 4 Rent will post 1.16 earnings per share for the current fiscal year.
American Homes 4 Rent declared that its Board of Directors has authorized 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 buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Thursday, March 15th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.01%. The ex-dividend date is Wednesday, March 14th. American Homes 4 Rent’s dividend payout ratio (DPR) is presently -250.00%.
AMH has been the topic of several research analyst reports. TheStreet cut shares of American Homes 4 Rent from a “b-” rating to a “c+” rating in a research note on Wednesday, January 10th. Zacks Investment Research cut shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Tuesday, February 27th. Mizuho set a $23.00 target price on shares of American Homes 4 Rent and gave the company a “buy” rating in a research note on Monday. B. Riley initiated coverage on shares of American Homes 4 Rent in a research note on Monday, March 12th. They set a “buy” rating and a $26.00 target price on the stock. Finally, BTIG Research lowered their target price on shares of American Homes 4 Rent from $26.00 to $23.00 and set a “buy” rating on the stock in a research note on Monday, February 26th. Two research analysts have rated the stock with a sell rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $24.69.
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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.
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