American Homes 4 Rent (AMH) Position Increased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its stake in American Homes 4 Rent (NYSE:AMH) by 2.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,881,359 shares of the real estate investment trust’s stock after purchasing an additional 76,037 shares during the period. Dimensional Fund Advisors LP owned 1.31% of American Homes 4 Rent worth $86,090,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Amica Mutual Insurance Co. bought a new position in American Homes 4 Rent in the 2nd quarter worth $2,678,000. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in American Homes 4 Rent by 8.1% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 262,549 shares of the real estate investment trust’s stock worth $5,823,000 after buying an additional 19,597 shares during the period. Canada Pension Plan Investment Board boosted its holdings in American Homes 4 Rent by 10.0% in the 2nd quarter. Canada Pension Plan Investment Board now owns 50,600 shares of the real estate investment trust’s stock worth $1,122,000 after buying an additional 4,600 shares during the period. Bank of Montreal Can boosted its holdings in American Homes 4 Rent by 2,051.5% in the 2nd quarter. Bank of Montreal Can now owns 185,266 shares of the real estate investment trust’s stock worth $4,109,000 after buying an additional 176,655 shares during the period. Finally, GSA Capital Partners LLP boosted its holdings in American Homes 4 Rent by 14.6% in the 1st quarter. GSA Capital Partners LLP now owns 41,091 shares of the real estate investment trust’s stock worth $825,000 after buying an additional 5,239 shares during the period. Hedge funds and other institutional investors own 89.13% of the company’s stock.

Shares of AMH traded down $0.03 during midday trading on Friday, hitting $20.90. 1,901,305 shares of the company traded hands, compared to its average volume of 2,155,077. American Homes 4 Rent has a 52 week low of $18.39 and a 52 week high of $23.34. The company has a market capitalization of $6.48 billion, a PE ratio of 20.49, a price-to-earnings-growth ratio of 1.51 and a beta of 0.58. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.46.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings data on Thursday, August 2nd. The real estate investment trust reported $0.27 EPS for the quarter, meeting the consensus estimate of $0.27. American Homes 4 Rent had a net margin of 10.20% and a return on equity of 1.76%. The business had revenue of $264.48 million during the quarter, compared to the consensus estimate of $257.89 million. During the same quarter in the prior year, the firm earned $0.26 EPS. The business’s revenue was up 11.6% on a year-over-year basis. As a group, sell-side analysts expect that American Homes 4 Rent will post 1.08 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 1st. Shareholders of record on Friday, September 14th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend was Thursday, September 13th. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 19.61%.

In related news, insider Sara H. Vogt-Lowell sold 100,000 shares of the stock in a transaction dated Monday, August 20th. The shares were sold at an average price of $23.00, for a total value of $2,300,000.00. Following the completion of the transaction, the insider now owns 86,790 shares of the company’s stock, valued at approximately $1,996,170. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Stephanie G. Heim sold 25,100 shares of the stock in a transaction dated Monday, August 20th. The shares were sold at an average price of $23.00, for a total transaction of $577,300.00. Following the completion of the transaction, the director now directly owns 62,876 shares of the company’s stock, valued at approximately $1,446,148. The disclosure for this sale can be found here. Insiders have sold a total of 150,000 shares of company stock valued at $3,450,000 in the last three months. Insiders own 26.52% of the company’s stock.

Several research analysts recently weighed in on the stock. Wells Fargo & Co upped their target price on shares of American Homes 4 Rent from $22.00 to $24.00 and gave the stock a “market perform” rating in a report on Tuesday, August 28th. Zacks Investment Research raised shares of American Homes 4 Rent from a “sell” rating to a “hold” rating in a report on Monday, August 20th. Mizuho set a $25.00 target price on shares of American Homes 4 Rent and gave the stock a “buy” rating in a report on Friday, August 3rd. Zelman & Associates downgraded shares of American Homes 4 Rent from a “buy” rating to a “hold” rating in a report on Monday, July 30th. Finally, Morgan Stanley dropped their target price on shares of American Homes 4 Rent from $25.00 to $22.50 and set an “overweight” rating for the company in a report on Thursday, June 14th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $24.33.

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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