Natixis Advisors L.P. Increases Position in American Homes 4 Rent (AMH)

Natixis Advisors L.P. increased its stake in shares of American Homes 4 Rent (NYSE:AMH) by 7.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 229,946 shares of the real estate investment trust’s stock after acquiring an additional 15,912 shares during the quarter. Natixis Advisors L.P. owned about 0.08% of American Homes 4 Rent worth $4,564,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in AMH. Bank of New York Mellon Corp grew its position in shares of American Homes 4 Rent by 8.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,488,697 shares of the real estate investment trust’s stock valued at $55,198,000 after acquiring an additional 203,147 shares during the period. First Trust Advisors LP lifted its stake in American Homes 4 Rent by 126.3% in the 3rd quarter. First Trust Advisors LP now owns 89,149 shares of the real estate investment trust’s stock valued at $1,951,000 after buying an additional 49,751 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in American Homes 4 Rent by 9.1% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 240,000 shares of the real estate investment trust’s stock valued at $5,254,000 after buying an additional 20,000 shares in the last quarter. US Bancorp DE lifted its stake in American Homes 4 Rent by 149.7% in the 3rd quarter. US Bancorp DE now owns 17,581 shares of the real estate investment trust’s stock valued at $386,000 after buying an additional 10,540 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its stake in American Homes 4 Rent by 2.1% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 268,114 shares of the real estate investment trust’s stock valued at $5,869,000 after buying an additional 5,565 shares in the last quarter. 86.07% of the stock is currently owned by institutional investors and hedge funds.

AMH opened at $22.76 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.93 and a current ratio of 0.93. American Homes 4 Rent has a 1-year low of $18.91 and a 1-year high of $23.34. The company has a market capitalization of $6.75 billion, a price-to-earnings ratio of 21.47, a price-to-earnings-growth ratio of 1.80 and a beta of 0.72.

American Homes 4 Rent (NYSE:AMH) last released its earnings results on Thursday, February 21st. The real estate investment trust reported $0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.22). American Homes 4 Rent had a return on equity of 1.83% and a net margin of 10.09%. The business had revenue of $270.00 million during the quarter, compared to analysts’ expectations of $269.98 million. During the same period last year, the business earned $0.26 earnings per share. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. Sell-side analysts forecast that American Homes 4 Rent will post 1.13 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 15th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend is Thursday, March 14th. American Homes 4 Rent’s dividend payout ratio (DPR) is 18.87%.

In other American Homes 4 Rent news, insider David Goldberg sold 74,586 shares of the firm’s stock in a transaction that occurred on Thursday, February 28th. The shares were sold at an average price of $22.06, for a total value of $1,645,367.16. Following the transaction, the insider now directly owns 100 shares of the company’s stock, valued at approximately $2,206. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Jack E. Corrigan sold 350,000 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $22.70, for a total transaction of $7,945,000.00. Following the completion of the transaction, the chief operating officer now directly owns 100 shares in the company, valued at $2,270. The disclosure for this sale can be found here. Insiders sold a total of 795,005 shares of company stock worth $17,898,157 over the last three months. Corporate insiders own 26.52% of the company’s stock.

AMH has been the topic of a number of research reports. ValuEngine raised shares of American Homes 4 Rent from a “hold” rating to a “buy” rating in a research note on Friday, December 21st. Goldman Sachs Group raised shares of American Homes 4 Rent from a “neutral” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Monday, November 26th. Mizuho raised shares of American Homes 4 Rent from a “neutral” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Tuesday, February 26th. Zacks Investment Research raised shares of American Homes 4 Rent from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Finally, Wells Fargo & Co reaffirmed a “hold” rating on shares of American Homes 4 Rent in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $23.71.

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American Homes 4 Rent Company Profile

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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