Forward Management LLC lowered its position in American Homes 4 Rent (NYSE:AMH) by 73.6% during the second quarter, Holdings Channel reports. The fund owned 244,276 shares of the real estate investment trust’s stock after selling 680,865 shares during the period. Forward Management LLC’s holdings in American Homes 4 Rent were worth $5,514,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of AMH. BlackRock Inc. boosted its stake in shares of American Homes 4 Rent by 3,164.1% in the first 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. Vanguard Group Inc. boosted its stake in shares of American Homes 4 Rent by 7.3% in the first 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. Principal Financial Group Inc. boosted its stake in shares of American Homes 4 Rent by 435.1% in the first quarter. Principal Financial Group Inc. now owns 2,480,682 shares of the real estate investment trust’s stock worth $56,956,000 after buying an additional 2,017,079 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of American Homes 4 Rent by 34.5% in the first quarter. Ameriprise Financial Inc. now owns 6,515,282 shares of the real estate investment trust’s stock worth $149,568,000 after buying an additional 1,670,871 shares during the last quarter. Finally, Citadel Advisors LLC boosted its stake in shares of American Homes 4 Rent by 518.3% in the first quarter. Citadel Advisors LLC now owns 1,699,881 shares of the real estate investment trust’s stock worth $39,029,000 after buying an additional 1,424,952 shares during the last quarter. Institutional investors and hedge funds own 92.84% of the company’s stock.

American Homes 4 Rent (AMH) opened at 22.08 on Thursday. The firm’s market capitalization is $5.72 billion. The firm has a 50 day moving average price of $22.70 and a 200-day moving average price of $22.76. American Homes 4 Rent has a 12 month low of $19.63 and a 12 month high of $23.98.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.22 EPS for the quarter, missing the Zacks’ consensus estimate of $0.26 by $0.04. The company had revenue of $237 million for the quarter, compared to analyst estimates of $236.28 million. American Homes 4 Rent had a net margin of 3.82% and a return on equity of 0.70%. The business’s revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.25 EPS. On average, equities analysts forecast that American Homes 4 Rent will post $0.05 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend is Thursday, September 14th. American Homes 4 Rent’s dividend payout ratio is -181.82%.

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A number of analysts have recently issued reports on AMH shares. Zacks Investment Research upgraded American Homes 4 Rent from a “sell” rating to a “hold” rating in a report on Monday, April 17th. FBR & Co reiterated a “buy” rating on shares of American Homes 4 Rent in a report on Thursday, April 13th. BidaskClub upgraded American Homes 4 Rent from a “hold” rating to a “buy” rating in a report on Saturday, June 24th. Evercore ISI started coverage on American Homes 4 Rent in a report on Monday, June 5th. They set an “in-line” rating and a $24.50 target price for the company. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $24.00 target price on shares of American Homes 4 Rent in a report on Monday, May 15th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $24.38.

In other news, insider Bryan Smith sold 12,432 shares of the stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $22.40, for a total transaction of $278,476.80. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 27.82% of the company’s stock.

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)

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