American Homes 4 Rent (AMH) Holdings Lifted by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. boosted its holdings in shares of American Homes 4 Rent (NYSE:AMH) by 5.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,720 shares of the real estate investment trust’s stock after acquiring an additional 278 shares during the period. PNC Financial Services Group Inc.’s holdings in American Homes 4 Rent were worth $128,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of AMH. BlackRock Inc. lifted its holdings in American Homes 4 Rent by 3,164.1% during the first quarter. BlackRock Inc. now owns 13,072,212 shares of the real estate investment trust’s stock worth $300,137,000 after acquiring an additional 12,671,722 shares in the last quarter. CI Investments Inc. acquired a new stake in shares of American Homes 4 Rent in the 2nd quarter valued at about $49,318,000. Duff & Phelps Investment Management Co. raised its stake in shares of American Homes 4 Rent by 55.8% in the 2nd quarter. Duff & Phelps Investment Management Co. now owns 3,227,252 shares of the real estate investment trust’s stock valued at $72,839,000 after purchasing an additional 1,156,375 shares during the period. State Street Corp raised its stake in shares of American Homes 4 Rent by 18.2% in the 1st quarter. State Street Corp now owns 6,066,593 shares of the real estate investment trust’s stock valued at $139,286,000 after purchasing an additional 935,598 shares during the period. Finally, AEW Capital Management L P raised its stake in shares of American Homes 4 Rent by 17.9% in the 2nd quarter. AEW Capital Management L P now owns 3,876,911 shares of the real estate investment trust’s stock valued at $91,272,000 after purchasing an additional 588,800 shares during the period. Hedge funds and other institutional investors own 93.36% of the company’s stock.

In other news, Director B Wayne Et Al Hughes acquired 1,372,200 shares of the firm’s stock in a transaction on Thursday, September 14th. The stock was purchased at an average price of $21.84 per share, for a total transaction of $29,968,848.00. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 27.82% of the company’s stock.

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Several analysts have issued reports on the company. Citigroup Inc. assumed coverage on American Homes 4 Rent in a research note on Friday, October 20th. They issued a “buy” rating and a $25.00 price target on the stock. BTIG Research assumed coverage on American Homes 4 Rent in a research note on Monday, October 9th. They issued a “buy” rating and a $26.00 price target on the stock. FBR & Co reissued a “buy” rating and issued a $26.00 price target on shares of American Homes 4 Rent in a research note on Friday, September 29th. BidaskClub downgraded American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Friday, August 25th. Finally, Zacks Investment Research raised American Homes 4 Rent from a “sell” rating to a “hold” rating in a research note on Tuesday, August 22nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $25.00.

Shares of American Homes 4 Rent (AMH) opened at 21.48 on Monday. The company has a 50 day moving average price of $21.76 and a 200-day moving average price of $22.42. American Homes 4 Rent has a 52-week low of $19.62 and a 52-week high of $23.98. The firm’s market cap is $5.59 billion.

American Homes 4 Rent (NYSE:AMH) last posted 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 firm had revenue of $237.00 million during the quarter, compared to analysts’ expectations of $236.28 million. American Homes 4 Rent had a net margin of 3.82% and a return on equity of 0.70%. The company’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter last year, the business posted $0.25 EPS. On average, analysts expect that American Homes 4 Rent will post $0.07 earnings per share for the current fiscal year.

American Homes 4 Rent 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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