Bank of Montreal Can increased its stake in American Homes 4 Rent (NYSE:AMH) by 249.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 428,244 shares of the real estate investment trust’s stock after buying an additional 305,641 shares during the period. Bank of Montreal Can owned approximately 0.17% of American Homes 4 Rent worth $9,666,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. increased its position in shares of American Homes 4 Rent by 0.6% in the first quarter. Nomura Asset Management Co. Ltd. now owns 149,466 shares of the real estate investment trust’s stock valued at $3,431,000 after buying an additional 850 shares in the last quarter. Skandinaviska Enskilda Banken AB publ purchased a new position in shares of American Homes 4 Rent during the first quarter valued at $305,000. Public Employees Retirement System of Ohio increased its position in shares of American Homes 4 Rent by 1.0% in the first quarter. Public Employees Retirement System of Ohio now owns 479,367 shares of the real estate investment trust’s stock valued at $11,006,000 after buying an additional 4,590 shares in the last quarter. FNY Partners Fund LP purchased a new position in shares of American Homes 4 Rent during the first quarter valued at $114,000. Finally, Credit Suisse AG increased its position in shares of American Homes 4 Rent by 11.4% in the first quarter. Credit Suisse AG now owns 871,998 shares of the real estate investment trust’s stock valued at $20,022,000 after buying an additional 89,368 shares in the last quarter. Hedge funds and other institutional investors own 93.80% of the company’s stock.

American Homes 4 Rent (NYSE AMH) opened at 23.04 on Wednesday. American Homes 4 Rent has a one year low of $19.63 and a one year high of $23.98. The company has a 50 day moving average of $22.57 and a 200-day moving average of $22.61. The company’s market cap is $5.96 billion.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings results on Thursday, May 4th. The real estate investment trust reported $0.26 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.26. The firm had revenue of $233.80 million for the quarter, compared to analyst estimates of $227.11 million. American Homes 4 Rent had a net margin of 1.92% and a return on equity of 0.35%. American Homes 4 Rent’s quarterly revenue was up 19.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.23 earnings per share. On average, equities analysts expect that American Homes 4 Rent will post $0.06 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Thursday, June 15th were given a dividend of $0.05 per share. The ex-dividend date was Tuesday, June 13th. This represents a $0.20 dividend on an annualized basis and a yield of 0.87%. American Homes 4 Rent’s payout ratio is presently -133.32%.

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Several research analysts recently weighed in on the stock. Zacks Investment Research raised shares of American Homes 4 Rent from a “sell” rating to a “hold” rating in a report on Monday, April 17th. FBR & Co reaffirmed a “buy” rating on shares of American Homes 4 Rent in a report on Thursday, April 13th. Evercore ISI assumed coverage on shares of American Homes 4 Rent in a report on Monday, June 5th. They issued an “in-line” rating and a $24.50 target price for the company. BidaskClub raised shares of American Homes 4 Rent from a “hold” rating to a “buy” rating in a report on Friday, July 14th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $24.00 price objective on shares of American Homes 4 Rent in a report on Friday, May 5th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $24.38.

In related news, insider Bryan Smith sold 12,432 shares of the business’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $22.40, for a total transaction of $278,476.80. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Tamara Hughes Gustavson purchased 462,123 shares of the stock in a transaction that occurred on Tuesday, May 9th. The shares were acquired at an average price of $22.21 per share, for a total transaction of $10,263,751.83. Following the completion of the transaction, the director now directly owns 13,600,665 shares of the company’s stock, valued at approximately $302,070,769.65. The disclosure for this purchase can be found here. Insiders own 27.82% of the company’s stock.

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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