Burgundy Asset Management Ltd. Sells 156,663 Shares of American Homes 4 Rent (AMH)

Burgundy Asset Management Ltd. reduced its position in shares of American Homes 4 Rent (NYSE:AMH) by 3.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,827,936 shares of the real estate investment trust’s stock after selling 156,663 shares during the period. Burgundy Asset Management Ltd. owned about 1.33% of American Homes 4 Rent worth $83,104,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. PNC Financial Services Group Inc. raised its holdings in American Homes 4 Rent by 5.1% during the second quarter. PNC Financial Services Group Inc. now owns 5,720 shares of the real estate investment trust’s stock worth $128,000 after acquiring an additional 278 shares in the last quarter. Teacher Retirement System of Texas raised its holdings in American Homes 4 Rent by 1.5% during the second quarter. Teacher Retirement System of Texas now owns 18,405 shares of the real estate investment trust’s stock worth $415,000 after acquiring an additional 280 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in American Homes 4 Rent by 7.7% during the second quarter. The Manufacturers Life Insurance Company now owns 7,247 shares of the real estate investment trust’s stock worth $164,000 after acquiring an additional 515 shares in the last quarter. GAM Holding AG raised its holdings in American Homes 4 Rent by 4.8% during the second quarter. GAM Holding AG now owns 19,436 shares of the real estate investment trust’s stock worth $439,000 after acquiring an additional 897 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in American Homes 4 Rent by 8.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,535 shares of the real estate investment trust’s stock worth $351,000 after acquiring an additional 1,251 shares in the last quarter. 88.22% of the stock is owned by institutional investors.

Shares of American Homes 4 Rent (NYSE:AMH) opened at $22.01 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.51 and a quick ratio of 1.51. The stock has a market capitalization of $6,282.43, a P/E ratio of 21.27, a price-to-earnings-growth ratio of 1.86 and a beta of 0.68. American Homes 4 Rent has a 52 week low of $19.62 and a 52 week high of $23.98.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.25. The firm 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 business’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.24 earnings per share. equities research analysts forecast that American Homes 4 Rent will post 1.03 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Tuesday, January 2nd will be paid a $0.05 dividend. The ex-dividend date is Friday, December 29th. This represents a $0.20 annualized dividend and a yield of 0.91%. American Homes 4 Rent’s dividend payout ratio is -2,000.00%.

Several analysts recently issued reports on AMH shares. Citigroup started coverage on American Homes 4 Rent in a report on Friday, October 20th. They set a “buy” rating and a $25.00 target price on the stock. BTIG Research started coverage on American Homes 4 Rent in a report on Monday, October 9th. They set a “buy” rating and a $26.00 target price on the stock. BidaskClub lowered American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Friday, August 25th. B. Riley set a $26.00 target price on American Homes 4 Rent and gave the stock a “buy” rating in a report on Tuesday, November 14th. Finally, Evercore ISI upgraded American Homes 4 Rent from an “in-line” rating to an “outperform” rating and set a $24.50 target price on the stock in a report on Monday, December 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $25.13.

In other American Homes 4 Rent news, Director B Wayne Et Al Hughes acquired 802,745 shares of the company’s stock in a transaction on Thursday, December 7th. The shares were purchased at an average price of $21.30 per share, for a total transaction of $17,098,468.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders acquired 1,670,950 shares of company stock worth $35,816,444 in the last 90 days. Corporate insiders own 27.82% of the company’s stock.

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About American Homes 4 Rent

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.

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

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