American Homes 4 Rent (AMH) Shares Bought by Axa

Axa lifted its holdings in American Homes 4 Rent (NYSE:AMH) by 15.1% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 941,003 shares of the real estate investment trust’s stock after buying an additional 123,651 shares during the period. Axa owned approximately 0.36% of American Homes 4 Rent worth $21,238,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of American Homes 4 Rent by 7.3% in the 1st quarter. Vanguard Group Inc. now owns 35,133,842 shares of the real estate investment trust’s stock worth $806,673,000 after buying an additional 2,386,955 shares during the last quarter. BlackRock Inc. boosted its stake in shares of American Homes 4 Rent by 3,164.1% in the 1st quarter. BlackRock Inc. now owns 13,072,212 shares of the real estate investment trust’s stock worth $300,137,000 after buying an additional 12,671,722 shares during the last quarter. State Street Corp boosted its stake in shares of American Homes 4 Rent by 18.2% in the 1st quarter. State Street Corp now owns 6,066,593 shares of the real estate investment trust’s stock worth $139,286,000 after buying an additional 935,598 shares during the last quarter. AEW Capital Management L P boosted its stake in shares of American Homes 4 Rent by 17.9% in the 2nd quarter. AEW Capital Management L P now owns 3,876,911 shares of the real estate investment trust’s stock worth $91,272,000 after buying an additional 588,800 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of American Homes 4 Rent by 4.4% in the 1st quarter. Renaissance Technologies LLC now owns 3,619,546 shares of the real estate investment trust’s stock worth $83,105,000 after buying an additional 153,505 shares during the last quarter. Hedge funds and other institutional investors own 93.74% of the company’s stock.

A number of equities analysts have recently weighed in on the company. Mizuho upgraded American Homes 4 Rent from a “neutral” rating to a “buy” rating and set a $25.50 target price on the stock in a research note on Monday, July 10th. Zacks Investment Research upgraded American Homes 4 Rent from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. BidaskClub upgraded American Homes 4 Rent from a “hold” rating to a “buy” rating in a research note on Saturday, June 24th. FBR & Co restated a “buy” rating on shares of American Homes 4 Rent in a research note on Wednesday, May 24th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $24.00 target price on shares of American Homes 4 Rent in a research note on Monday, May 15th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $24.83.

In related news, insider Bryan Smith sold 12,432 shares of the firm’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $22.40, for a total value of $278,476.80. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 27.82% of the company’s stock.

American Homes 4 Rent (NYSE AMH) opened at 21.59 on Friday. American Homes 4 Rent has a 1-year low of $19.63 and a 1-year high of $23.98. The company has a 50-day moving average price of $22.53 and a 200 day moving average price of $22.76. The stock’s market cap is $5.62 billion.

American Homes 4 Rent (NYSE:AMH) last issued its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by $0.04. American Homes 4 Rent had a return on equity of 0.70% and a net margin of 3.82%. The company had revenue of $237 million during the quarter, compared to analysts’ expectations of $236.28 million. During the same quarter in the prior year, the business posted $0.25 EPS. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. Equities analysts expect that American Homes 4 Rent will post $0.05 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.93%. The ex-dividend date is Thursday, September 14th. American Homes 4 Rent’s dividend payout ratio is currently -181.82%.

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American Homes 4 Rent 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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