American Homes 4 Rent (AMH) Shares Bought by Wells Fargo & Company MN

Wells Fargo & Company MN lifted its holdings in shares of American Homes 4 Rent (NYSE:AMH) by 48.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 372,008 shares of the real estate investment trust’s stock after buying an additional 121,326 shares during the quarter. Wells Fargo & Company MN owned approximately 0.14% of American Homes 4 Rent worth $8,077,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in AMH. Public Employees Retirement Association of Colorado raised its stake in American Homes 4 Rent by 35.0% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 7,125 shares of the real estate investment trust’s stock valued at $161,000 after purchasing an additional 1,848 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in American Homes 4 Rent by 14.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 2,417,232 shares of the real estate investment trust’s stock valued at $54,557,000 after purchasing an additional 308,006 shares during the last quarter. First Trust Advisors LP raised its stake in American Homes 4 Rent by 14.0% in the 2nd quarter. First Trust Advisors LP now owns 158,325 shares of the real estate investment trust’s stock valued at $3,573,000 after purchasing an additional 19,396 shares during the last quarter. State of Wisconsin Investment Board raised its stake in American Homes 4 Rent by 36.2% in the 2nd quarter. State of Wisconsin Investment Board now owns 45,157 shares of the real estate investment trust’s stock valued at $1,019,000 after purchasing an additional 12,010 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in American Homes 4 Rent by 10.0% in the 2nd quarter. Legal & General Group Plc now owns 486,902 shares of the real estate investment trust’s stock valued at $10,990,000 after purchasing an additional 44,152 shares during the last quarter. 88.21% of the stock is owned by institutional investors and hedge funds.

Shares of American Homes 4 Rent (NYSE AMH) opened at $21.84 on Friday. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $6,242.29, a price-to-earnings ratio of -2,184.00, a price-to-earnings-growth ratio of 1.86 and a beta of 0.68. American Homes 4 Rent has a twelve month low of $20.09 and a twelve month high of $23.98.

American Homes 4 Rent (NYSE:AMH) last issued its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.25. The company had revenue of $246.80 million during the quarter, compared to analysts’ expectations of $247.96 million. American Homes 4 Rent had a return on equity of 1.15% and a net margin of 6.56%. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.24 EPS. equities research analysts anticipate that American Homes 4 Rent will post 1.02 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Tuesday, January 2nd will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.92%. The ex-dividend date is Friday, December 29th. American Homes 4 Rent’s payout ratio is currently -2,000.00%.

AMH has been the subject of several recent research reports. B. Riley set a $26.00 price objective on American Homes 4 Rent and gave the company a “buy” rating in a research note on Tuesday, November 14th. Citigroup initiated coverage on American Homes 4 Rent in a research note on Friday, October 20th. They issued a “buy” rating and a $25.00 price objective for the company. BTIG Research initiated coverage on American Homes 4 Rent in a research note on Monday, October 9th. They issued a “buy” rating and a $26.00 price objective for the company. FBR & Co reissued a “buy” rating and issued a $26.00 price objective on shares of American Homes 4 Rent in a research note on Friday, September 29th. Finally, Keefe, Bruyette & Woods raised American Homes 4 Rent from a “market perform” rating to an “outperform” rating in a research note on Thursday, December 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $25.22.

In related news, Director B Wayne Et Al Hughes bought 101,678 shares of the company’s stock in a transaction on Tuesday, November 7th. The stock was bought at an average cost of $21.87 per share, for a total transaction of $2,223,697.86. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders acquired 1,670,950 shares of company stock valued at $35,816,444. 27.82% of the stock is owned by company insiders.

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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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