Goldman Sachs Group Inc. boosted its holdings in shares of American Homes 4 Rent (NYSE:AMH – Get Rating) by 54.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,256,460 shares of the real estate investment trust’s stock after purchasing an additional 2,921,537 shares during the period. Goldman Sachs Group Inc.’s holdings in American Homes 4 Rent were worth $360,064,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently made changes to their positions in AMH. First Horizon Advisors Inc. lifted its holdings in American Homes 4 Rent by 292.2% during the third quarter. First Horizon Advisors Inc. now owns 757 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 564 shares in the last quarter. Evoke Wealth LLC lifted its holdings in American Homes 4 Rent by 254.5% during the third quarter. Evoke Wealth LLC now owns 741 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 532 shares in the last quarter. Charter Oak Capital Management LLC bought a new position in American Homes 4 Rent during the fourth quarter worth about $35,000. National Bank of Canada FI bought a new position in American Homes 4 Rent during the fourth quarter worth about $43,000. Finally, Whittier Trust Co. raised its stake in shares of American Homes 4 Rent by 115.8% in the 4th quarter. Whittier Trust Co. now owns 1,079 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 579 shares during the period. Hedge funds and other institutional investors own 88.49% of the company’s stock.
A number of brokerages have recently issued reports on AMH. B. Riley reduced their price objective on American Homes 4 Rent from $47.00 to $43.00 in a report on Wednesday. Mizuho upped their price target on shares of American Homes 4 Rent from $42.00 to $44.00 and gave the stock a “buy” rating in a report on Tuesday, January 25th. Credit Suisse Group upped their price target on shares of American Homes 4 Rent from $42.00 to $44.00 and gave the company a “neutral” rating in a research report on Monday, April 25th. JPMorgan Chase & Co. cut their price objective on shares of American Homes 4 Rent from $46.00 to $44.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 22nd. Finally, KeyCorp initiated coverage on shares of American Homes 4 Rent in a research report on Tuesday, February 1st. They set a “sector weight” rating on the stock. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $45.06.
American Homes 4 Rent (NYSE:AMH – Get Rating) last posted its quarterly earnings data on Thursday, May 5th. The real estate investment trust reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.05. American Homes 4 Rent had a return on equity of 3.05% and a net margin of 13.74%. The business had revenue of $356.11 million during the quarter, compared to the consensus estimate of $355.76 million. During the same period in the prior year, the company earned $0.32 earnings per share. The company’s revenue was up 13.9% compared to the same quarter last year. As a group, research analysts predict that American Homes 4 Rent will post 1.56 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date is Tuesday, June 14th. American Homes 4 Rent’s payout ratio is 153.19%.
In other American Homes 4 Rent news, Director Douglas N. Benham acquired 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, for a total transaction of $32,397.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 6.03% of the company’s stock.
American Homes 4 Rent Profile (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.
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