American Homes 4 Rent (NYSE:AMH) Stake Cut by Loeb Partners Corp

Loeb Partners Corp cut its stake in shares of American Homes 4 Rent (NYSE:AMH) by 0.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 244,989 shares of the real estate investment trust’s stock after selling 800 shares during the period. American Homes 4 Rent accounts for about 1.6% of Loeb Partners Corp’s holdings, making the stock its 20th largest position. Loeb Partners Corp owned about 0.09% of American Homes 4 Rent worth $5,529,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in AMH. Metropolitan Life Insurance Co. NY boosted its position in shares of American Homes 4 Rent by 1.9% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 16,631 shares of the real estate investment trust’s stock valued at $349,000 after buying an additional 318 shares during the last quarter. Teachers Advisors LLC boosted its position in shares of American Homes 4 Rent by 400.1% in the fourth quarter. Teachers Advisors LLC now owns 937,683 shares of the real estate investment trust’s stock valued at $19,673,000 after buying an additional 750,201 shares during the last quarter. Highbridge Capital Management LLC bought a new position in shares of American Homes 4 Rent during the fourth quarter valued at $1,532,000. Macquarie Group Ltd. boosted its position in shares of American Homes 4 Rent by 1.8% in the fourth quarter. Macquarie Group Ltd. now owns 177,896 shares of the real estate investment trust’s stock valued at $3,732,000 after buying an additional 3,100 shares during the last quarter. Finally, Alpha Windward LLC boosted its position in shares of American Homes 4 Rent by 1,543.4% in the first quarter. Alpha Windward LLC now owns 22,169 shares of the real estate investment trust’s stock valued at $509,000 after buying an additional 20,820 shares during the last quarter. Institutional investors own 92.84% of the company’s stock.

American Homes 4 Rent (NYSE AMH) traded down 0.23% during midday trading on Friday, hitting $22.06. 2,949,221 shares of the stock were exchanged. The firm’s 50-day moving average price is $22.69 and its 200 day moving average price is $22.75. The firm’s market capitalization is $5.74 billion. American Homes 4 Rent has a 1-year low of $19.63 and a 1-year high of $23.98.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.22 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by $0.04. The business had revenue of $237 million during the quarter, compared to the consensus estimate of $236.28 million. American Homes 4 Rent had a negative return on equity of 0.02% and a net margin of 6.36%. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period last year, the business posted $0.25 earnings per share. Analysts expect that American Homes 4 Rent will post $0.05 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend is Thursday, September 14th. American Homes 4 Rent’s dividend payout ratio (DPR) is presently -181.82%.

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A number of research firms recently commented on AMH. BidaskClub cut American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Friday. TheStreet upgraded American Homes 4 Rent from a “c” rating to a “b” rating in a report on Friday, August 4th. Zacks Investment Research cut American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Mizuho upgraded shares of American Homes 4 Rent from a “neutral” rating to a “buy” rating and set a $25.50 price objective for the company in a research report on Monday, July 10th. Finally, Evercore ISI assumed coverage on shares of American Homes 4 Rent in a research report on Monday, June 5th. They set an “in-line” rating and a $24.50 price objective for the company. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $24.38.

In related news, insider Bryan Smith sold 12,432 shares of the firm’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $22.40, for a total value of $278,476.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 27.82% of the stock is currently owned by company insiders.

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.

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

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