Gamco Investors INC. ET AL Lowers Position in American Homes 4 Rent (NYSE:AMH)

Gamco Investors INC. ET AL decreased its position in American Homes 4 Rent (NYSE:AMHGet Rating) by 1.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 132,730 shares of the real estate investment trust’s stock after selling 1,550 shares during the period. Gamco Investors INC. ET AL’s holdings in American Homes 4 Rent were worth $5,788,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in AMH. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of American Homes 4 Rent by 31.2% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,172 shares of the real estate investment trust’s stock worth $51,000 after buying an additional 279 shares in the last quarter. National Asset Management Inc. grew its holdings in shares of American Homes 4 Rent by 6.1% during the fourth quarter. National Asset Management Inc. now owns 6,261 shares of the real estate investment trust’s stock worth $274,000 after buying an additional 360 shares in the last quarter. United Capital Financial Advisers LLC grew its holdings in American Homes 4 Rent by 1.5% in the third quarter. United Capital Financial Advisers LLC now owns 26,708 shares of the real estate investment trust’s stock valued at $1,018,000 after purchasing an additional 394 shares during the period. Nissay Asset Management Corp Japan ADV grew its holdings in American Homes 4 Rent by 1.8% in the third quarter. Nissay Asset Management Corp Japan ADV now owns 24,841 shares of the real estate investment trust’s stock valued at $947,000 after purchasing an additional 436 shares during the period. Finally, Makena Capital Management LLC grew its holdings in American Homes 4 Rent by 0.3% in the fourth quarter. Makena Capital Management LLC now owns 177,345 shares of the real estate investment trust’s stock valued at $7,734,000 after purchasing an additional 457 shares during the period. Hedge funds and other institutional investors own 88.49% of the company’s stock.

A number of equities research analysts recently issued reports on AMH shares. StockNews.com started coverage on shares of American Homes 4 Rent in a report on Thursday, March 31st. They issued a “hold” rating for the company. JPMorgan Chase & Co. lowered their target price on shares of American Homes 4 Rent from $46.00 to $44.00 and set an “overweight” rating for the company in a report on Tuesday, March 22nd. Credit Suisse Group boosted their target price on shares of American Homes 4 Rent from $42.00 to $44.00 and gave the company a “neutral” rating in a report on Monday, April 25th. B. Riley lowered their target price on shares of American Homes 4 Rent from $47.00 to $43.00 in a report on Wednesday, May 11th. Finally, Jefferies Financial Group initiated coverage on shares of American Homes 4 Rent in a report on Wednesday, April 20th. They issued a “buy” rating and a $48.00 target price for the company. Eight investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $45.06.

In other American Homes 4 Rent news, Director Douglas N. Benham bought 1,275 shares of the company’s stock in a transaction on Tuesday, March 15th. The shares were bought at an average cost of $25.41 per share, with a total value of $32,397.75. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Tamara Hughes Gustavson bought 200,000 shares of the company’s stock in a transaction on Thursday, May 12th. The shares were acquired at an average cost of $35.71 per share, for a total transaction of $7,142,000.00. Following the completion of the acquisition, the director now directly owns 8,830,956 shares of the company’s stock, valued at approximately $315,353,438.76. The disclosure for this purchase can be found here. Insiders purchased 201,981 shares of company stock worth $7,194,098 over the last ninety days. 6.03% of the stock is currently owned by corporate insiders.

NYSE AMH opened at $36.57 on Monday. The company’s fifty day simple moving average is $39.42 and its 200-day simple moving average is $39.95. American Homes 4 Rent has a 52 week low of $34.79 and a 52 week high of $44.07. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.55. The stock has a market cap of $12.74 billion, a P/E ratio of 77.81, a PEG ratio of 2.86 and a beta of 0.58.

American Homes 4 Rent (NYSE:AMHGet Rating) last posted its earnings results on Thursday, May 5th. The real estate investment trust reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.05. The business had revenue of $356.11 million for the quarter, compared to analysts’ expectations of $355.76 million. American Homes 4 Rent had a net margin of 13.74% and a return on equity of 3.05%. The business’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.32 earnings per share. On average, research analysts expect that American Homes 4 Rent will post 1.56 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 30th. Investors of record on Wednesday, June 15th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, June 14th. This represents a $0.72 annualized dividend and a yield of 1.97%. American Homes 4 Rent’s dividend payout ratio is presently 153.19%.

About American Homes 4 Rent (Get Rating)

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, developing, renovating, leasing, and operating attractive, single-family homes as rental properties.

Further Reading

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

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