Teachers Insurance & Annuity Association of America boosted its holdings in shares of American Homes 4 Rent (NYSE:AMH) by 88.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 452,393 shares of the real estate investment trust’s stock after buying an additional 211,845 shares during the period. American Homes 4 Rent comprises 1.3% of Teachers Insurance & Annuity Association of America’s portfolio, making the stock its 28th largest holding. Teachers Insurance & Annuity Association of America’s holdings in American Homes 4 Rent were worth $10,997,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. JPMorgan Chase & Co. increased its stake in American Homes 4 Rent by 35.4% in the first quarter. JPMorgan Chase & Co. now owns 14,029,048 shares of the real estate investment trust’s stock valued at $318,739,000 after acquiring an additional 3,671,347 shares during the period. Barings LLC acquired a new stake in American Homes 4 Rent during the first quarter valued at approximately $58,228,000. Commonwealth Bank of Australia acquired a new stake in American Homes 4 Rent during the second quarter valued at approximately $37,647,000. FMR LLC boosted its holdings in American Homes 4 Rent by 15.4% during the first quarter. FMR LLC now owns 9,322,298 shares of the real estate investment trust’s stock valued at $211,803,000 after purchasing an additional 1,247,543 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its stake in shares of American Homes 4 Rent by 229.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 1,573,893 shares of the real estate investment trust’s stock valued at $38,197,000 after purchasing an additional 1,096,835 shares during the period. Hedge funds and other institutional investors own 87.17% 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 shares were 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Jack E. Corrigan sold 80,000 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $25.67, for a total transaction of $2,053,600.00. Following the completion of the transaction, the chief operating officer now directly owns 100 shares of the company’s stock, valued at $2,567. The disclosure for this sale can be found here. In the last quarter, insiders sold 325,000 shares of company stock valued at $8,301,100. Corporate insiders own 27.58% of the company’s stock.
American Homes 4 Rent (NYSE:AMH) last announced its earnings results on Monday, July 29th. The real estate investment trust reported $0.08 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.19). The business had revenue of $281.90 million during the quarter, compared to analyst estimates of $279.04 million. American Homes 4 Rent had a return on equity of 1.86% and a net margin of 10.02%. The firm’s revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.27 earnings per share. 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 declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend 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 dividend payout ratio is 18.87%.
AMH has been the subject of a number of recent research reports. Zacks Investment Research raised American Homes 4 Rent from a “sell” rating to a “hold” rating in a report on Wednesday, August 7th. ValuEngine lowered American Homes 4 Rent from a “buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Citigroup cut American Homes 4 Rent from a “buy” rating to a “neutral” rating and set a $25.00 price target on the stock. in a research report on Tuesday, June 11th. B. Riley set a $28.00 price objective on American Homes 4 Rent and gave the stock a “buy” rating in a research note on Friday, August 16th. Finally, BTIG Research cut 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. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $25.00.
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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