American Homes 4 Rent (AMH) Position Lifted by Swiss National Bank

Swiss National Bank boosted its holdings in shares of American Homes 4 Rent (NYSE:AMH) by 0.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 388,717 shares of the real estate investment trust’s stock after buying an additional 3,400 shares during the period. Swiss National Bank owned approximately 149,317.02% of American Homes 4 Rent worth $8,439,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. PNC Financial Services Group Inc. increased its position in American Homes 4 Rent by 5.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 5,720 shares of the real estate investment trust’s stock valued at $128,000 after buying an additional 278 shares in the last quarter. Teacher Retirement System of Texas increased its position in American Homes 4 Rent by 1.5% during the 2nd quarter. Teacher Retirement System of Texas now owns 18,405 shares of the real estate investment trust’s stock valued at $415,000 after buying an additional 280 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in American Homes 4 Rent by 7.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,247 shares of the real estate investment trust’s stock valued at $164,000 after buying an additional 515 shares in the last quarter. GAM Holding AG increased its position in American Homes 4 Rent by 4.8% during the 2nd quarter. GAM Holding AG now owns 19,436 shares of the real estate investment trust’s stock valued at $439,000 after buying an additional 897 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in American Homes 4 Rent by 8.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,535 shares of the real estate investment trust’s stock valued at $351,000 after buying an additional 1,251 shares in the last quarter. 86.05% of the stock is currently owned by institutional investors.

COPYRIGHT VIOLATION NOTICE: This report was first published by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this report on another site, it was illegally copied and reposted in violation of United States & international copyright & trademark legislation. The correct version of this report can be read at https://sportsperspectives.com/2017/11/21/american-homes-4-rent-amh-position-lifted-by-swiss-national-bank.html.

AMH has been the topic of several recent analyst reports. Zacks Investment Research lowered American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Tuesday, August 15th. B. Riley set a $26.00 target price on American Homes 4 Rent and gave the company a “buy” rating in a research report on Tuesday, November 14th. BidaskClub lowered American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Friday, August 25th. Citigroup Inc. initiated coverage on American Homes 4 Rent in a research report on Friday, October 20th. They set a “buy” rating and a $25.00 target price on the stock. Finally, TheStreet raised American Homes 4 Rent from a “c” rating to a “b” rating in a research report on Friday, August 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $25.13.

American Homes 4 Rent (NYSE AMH) opened at $21.65 on Tuesday. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $6,200.00, a PE ratio of 20.83, a PEG ratio of 1.81 and a beta of 0.69. American Homes 4 Rent has a 1-year low of $19.62 and a 1-year high of $23.98.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.25 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.25. The business had revenue of $246.80 million for the quarter, compared to analyst estimates of $247.96 million. American Homes 4 Rent had a return on equity of 1.15% and a net margin of 6.56%. The company’s revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.24 earnings per share. sell-side analysts anticipate that American Homes 4 Rent will post 1.03 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Tuesday, January 2nd will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date is Friday, December 29th. American Homes 4 Rent’s dividend payout ratio is presently 2,000.00%.

In related news, Director B Wayne Et Al Hughes bought 292,977 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The shares were purchased at an average cost of $21.86 per share, with a total value of $6,404,477.22. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders have purchased 1,766,855 shares of company stock worth $38,597,023. 27.82% of the stock is owned by corporate insiders.

American Homes 4 Rent Company 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.

Want to see what other hedge funds are holding AMH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Homes 4 Rent (NYSE:AMH).

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

Receive News & Ratings for American Homes 4 Rent Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Homes 4 Rent and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply