Strs Ohio Sells 25,488 Shares of American Homes 4 Rent (NYSE:AMH)

Strs Ohio lowered its position in shares of American Homes 4 Rent (NYSE:AMH) by 6.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 345,317 shares of the real estate investment trust’s stock after selling 25,488 shares during the quarter. Strs Ohio owned approximately 0.12% of American Homes 4 Rent worth $8,394,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Comerica Bank raised its position in shares of American Homes 4 Rent by 6.4% during the first quarter. Comerica Bank now owns 11,811 shares of the real estate investment trust’s stock worth $274,000 after acquiring an additional 711 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in American Homes 4 Rent by 0.9% in the first quarter. State of Alaska Department of Revenue now owns 113,289 shares of the real estate investment trust’s stock valued at $2,572,000 after purchasing an additional 1,009 shares during the last quarter. Investec Asset Management PTY Ltd increased its holdings in American Homes 4 Rent by 3.0% in the first quarter. Investec Asset Management PTY Ltd now owns 68,000 shares of the real estate investment trust’s stock valued at $1,545,000 after purchasing an additional 2,000 shares during the last quarter. Quadrant Capital Group LLC increased its holdings in American Homes 4 Rent by 130.3% in the first quarter. Quadrant Capital Group LLC now owns 3,986 shares of the real estate investment trust’s stock valued at $87,000 after purchasing an additional 2,255 shares during the last quarter. Finally, New York State Common Retirement Fund increased its holdings in American Homes 4 Rent by 0.5% in the first quarter. New York State Common Retirement Fund now owns 492,568 shares of the real estate investment trust’s stock valued at $11,191,000 after purchasing an additional 2,600 shares during the last quarter. Institutional investors own 87.15% of the company’s stock.

In other American Homes 4 Rent news, insider Bryan Smith sold 50,000 shares of the business’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $24.81, for a total value of $1,240,500.00. Following the completion of the transaction, the insider now directly owns 75,054 shares of the company’s stock, valued at $1,862,089.74. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO David P. Singelyn sold 35,535 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $24.00, for a total value of $852,840.00. Following the completion of the transaction, the chief executive officer now directly owns 100 shares of the company’s stock, valued at $2,400. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,225,670 shares of company stock valued at $29,250,485. Insiders own 27.58% of the company’s stock.

NYSE AMH traded down $0.19 on Friday, reaching $24.65. The company had a trading volume of 22,207 shares, compared to its average volume of 2,044,616. American Homes 4 Rent has a 52 week low of $18.91 and a 52 week high of $26.00. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.30 and a current ratio of 1.05. The company has a market capitalization of $7.45 billion, a PE ratio of 23.25, a price-to-earnings-growth ratio of 2.01 and a beta of 0.62. The company has a 50 day moving average of $24.89.

American Homes 4 Rent (NYSE:AMH) last posted its earnings results on Monday, July 29th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.19). American Homes 4 Rent had a net margin of 10.02% and a return on equity of 1.86%. The business had revenue of $281.90 million during the quarter, compared to analyst estimates of $279.04 million. During the same period in the previous year, the firm posted $0.27 earnings per share. The firm’s revenue was up 6.6% on a year-over-year basis. As a group, equities research analysts predict that American Homes 4 Rent will post 1.11 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be paid a $0.05 dividend. The ex-dividend date is Thursday, September 12th. This represents a $0.20 dividend on an annualized basis and a yield of 0.81%. American Homes 4 Rent’s payout ratio is 18.87%.

AMH has been the subject of a number of recent analyst reports. ValuEngine downgraded American Homes 4 Rent from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Zacks Investment Research upgraded American Homes 4 Rent from a “sell” rating to a “hold” rating in a report on Wednesday. BTIG Research downgraded American Homes 4 Rent from a “buy” rating to a “neutral” rating in a report on Thursday, August 1st. They noted that the move was a valuation call. Finally, Citigroup downgraded American Homes 4 Rent from a “buy” rating to a “neutral” rating and set a $25.00 price objective for the company. in a report on Tuesday, June 11th. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. American Homes 4 Rent has an average rating of “Hold” and a consensus target price of $24.50.

About American Homes 4 Rent

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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