Oppenheimer Asset Management Inc. Has $758,000 Stock Holdings in American Homes 4 Rent (NYSE:AMH)

Oppenheimer Asset Management Inc. trimmed its holdings in American Homes 4 Rent (NYSE:AMH) by 34.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,287 shares of the real estate investment trust’s stock after selling 15,433 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in American Homes 4 Rent were worth $758,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Cohen & Steers Inc. lifted its stake in shares of American Homes 4 Rent by 34.0% in the 2nd quarter. Cohen & Steers Inc. now owns 16,332,187 shares of the real estate investment trust’s stock valued at $397,035,000 after purchasing an additional 4,145,419 shares during the period. Invesco Ltd. increased its position in American Homes 4 Rent by 177.2% in the 2nd quarter. Invesco Ltd. now owns 6,983,625 shares of the real estate investment trust’s stock valued at $169,773,000 after buying an additional 4,464,448 shares in the last quarter. Nuveen Asset Management LLC increased its position in American Homes 4 Rent by 273.1% in the 2nd quarter. Nuveen Asset Management LLC now owns 5,976,811 shares of the real estate investment trust’s stock valued at $145,297,000 after buying an additional 4,374,907 shares in the last quarter. Zimmer Partners LP increased its position in American Homes 4 Rent by 86.4% in the 2nd quarter. Zimmer Partners LP now owns 3,728,541 shares of the real estate investment trust’s stock valued at $90,641,000 after buying an additional 1,728,541 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in American Homes 4 Rent by 4.5% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 3,411,620 shares of the real estate investment trust’s stock valued at $82,937,000 after buying an additional 145,480 shares in the last quarter. 87.33% of the stock is currently owned by institutional investors.

Shares of AMH opened at $25.71 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a 50 day moving average price of $25.95 and a two-hundred day moving average price of $24.99. The firm has a market capitalization of $7.73 billion, a P/E ratio of 24.25, a P/E/G ratio of 2.16 and a beta of 0.60. American Homes 4 Rent has a 52 week low of $18.91 and a 52 week high of $26.67.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings data on Thursday, November 7th. The real estate investment trust reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.19). The company had revenue of $298.30 million for the quarter, compared to the consensus estimate of $290.51 million. American Homes 4 Rent had a return on equity of 1.86% and a net margin of 10.02%. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.27 earnings per share. On average, equities analysts forecast that American Homes 4 Rent will post 1.11 earnings per share for the current year.

A number of analysts recently commented on AMH shares. Morgan Stanley boosted their target price on American Homes 4 Rent from $27.50 to $29.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 9th. ValuEngine lowered American Homes 4 Rent from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Zacks Investment Research lowered American Homes 4 Rent from a “buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. B. Riley set a $28.00 target price on American Homes 4 Rent and gave the company a “buy” rating in a research report on Friday, August 16th. Finally, BTIG Research lowered American Homes 4 Rent from a “buy” rating to a “neutral” rating in a research report on Thursday, August 1st. They noted that the move was a valuation call. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $26.88.

In other American Homes 4 Rent news, COO Jack E. Corrigan sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $25.55, for a total transaction of $511,000.00. Following the completion of the sale, the chief operating officer now directly owns 100 shares of the company’s stock, valued at approximately $2,555. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Jack E. Corrigan sold 100,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $25.70, for a total value of $2,570,000.00. Following the sale, the chief operating officer now directly owns 100 shares of the company’s stock, valued at $2,570. The disclosure for this sale can be found here. Insiders have sold a total of 275,000 shares of company stock valued at $7,060,600 over the last three months. Corporate insiders own 27.58% of the company’s stock.

About American Homes 4 Rent

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

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