Loeb Partners Corp Has $5.53 Million Stake in American Homes 4 Rent (NYSE:AMH)

Loeb Partners Corp reduced its position in American Homes 4 Rent (NYSE:AMH) by 0.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 244,989 shares of the real estate investment trust’s stock after selling 800 shares during the period. American Homes 4 Rent comprises approximately 1.6% of Loeb Partners Corp’s investment portfolio, making the stock its 20th largest position. Loeb Partners Corp owned approximately 0.09% of American Homes 4 Rent worth $5,529,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of AMH. BlackRock Inc. increased its stake in shares of American Homes 4 Rent by 3,164.1% in the first quarter. BlackRock Inc. now owns 13,072,212 shares of the real estate investment trust’s stock worth $300,137,000 after buying an additional 12,671,722 shares during the period. Vanguard Group Inc. boosted its position in American Homes 4 Rent by 7.3% in the first quarter. Vanguard Group Inc. now owns 35,133,842 shares of the real estate investment trust’s stock worth $806,673,000 after buying an additional 2,386,955 shares in the last quarter. Principal Financial Group Inc. boosted its position in American Homes 4 Rent by 435.1% in the first quarter. Principal Financial Group Inc. now owns 2,480,682 shares of the real estate investment trust’s stock worth $56,956,000 after buying an additional 2,017,079 shares in the last quarter. Ameriprise Financial Inc. boosted its position in American Homes 4 Rent by 34.5% in the first quarter. Ameriprise Financial Inc. now owns 6,515,282 shares of the real estate investment trust’s stock worth $149,568,000 after buying an additional 1,670,871 shares in the last quarter. Finally, Citadel Advisors LLC boosted its position in American Homes 4 Rent by 518.3% in the first quarter. Citadel Advisors LLC now owns 1,699,881 shares of the real estate investment trust’s stock worth $39,029,000 after buying an additional 1,424,952 shares in the last quarter. Institutional investors own 92.20% of the company’s stock.

Shares of American Homes 4 Rent (AMH) opened at 22.74 on Friday. The firm’s market capitalization is $5.92 billion. American Homes 4 Rent has a 12 month low of $19.63 and a 12 month high of $23.98. The firm’s 50-day moving average price is $22.71 and its 200 day moving average price is $22.80.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by $0.04. American Homes 4 Rent had a return on equity of 0.70% and a net margin of 3.82%. The company had revenue of $237 million for the quarter, compared to the consensus estimate of $236.28 million. During the same quarter last year, the firm posted $0.25 earnings per share. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. Analysts anticipate that American Homes 4 Rent will post $0.05 earnings per share for the current fiscal year.

The firm also recently announced 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. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.88%. American Homes 4 Rent’s payout ratio is currently -181.82%.

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Several research analysts recently issued reports on the company. Zacks Investment Research cut American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Tuesday. BidaskClub cut American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. TheStreet raised American Homes 4 Rent from a “c” rating to a “b” rating in a research report on Friday, August 4th. Mizuho raised American Homes 4 Rent from a “neutral” rating to a “buy” rating and set a $25.50 target price on the stock in a research report on Monday, July 10th. Finally, Evercore ISI initiated coverage on American Homes 4 Rent in a research report on Monday, June 5th. They set an “in-line” rating and a $24.50 target price on the stock. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $25.00.

In other news, insider Bryan Smith sold 12,432 shares of American Homes 4 Rent 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 SEC, which can be accessed through the SEC website. 27.82% of the stock is owned by insiders.

About American Homes 4 Rent

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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