Monarch Partners Asset Management LLC cut its position in shares of American Homes 4 Rent (NYSE:AMH) by 16.6% during the second quarter, Holdings Channel reports. The institutional investor owned 494,247 shares of the real estate investment trust’s stock after selling 98,053 shares during the period. American Homes 4 Rent accounts for 1.1% of Monarch Partners Asset Management LLC’s holdings, making the stock its 28th largest position. Monarch Partners Asset Management LLC’s holdings in American Homes 4 Rent were worth $11,155,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. DUPONT CAPITAL MANAGEMENT Corp raised its stake in American Homes 4 Rent by 53.0% in the first quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 48,438 shares of the real estate investment trust’s stock worth $1,112,000 after buying an additional 16,787 shares in the last quarter. State of New Jersey Common Pension Fund D raised its stake in American Homes 4 Rent by 20.0% in the first quarter. State of New Jersey Common Pension Fund D now owns 60,000 shares of the real estate investment trust’s stock worth $1,378,000 after buying an additional 10,000 shares in the last quarter. Sapphire Star Partners LP acquired a new stake in American Homes 4 Rent during the first quarter worth approximately $292,000. Loeb Partners Corp raised its stake in American Homes 4 Rent by 0.8% in the first quarter. Loeb Partners Corp now owns 245,789 shares of the real estate investment trust’s stock worth $5,643,000 after buying an additional 2,000 shares in the last quarter. Finally, Navellier & Associates Inc raised its stake in American Homes 4 Rent by 78.3% in the first quarter. Navellier & Associates Inc now owns 29,940 shares of the real estate investment trust’s stock worth $687,000 after buying an additional 13,152 shares in the last quarter. 92.84% of the stock is owned by institutional investors and hedge funds.

American Homes 4 Rent (NYSE AMH) opened at 22.11 on Friday. American Homes 4 Rent has a 12 month low of $19.63 and a 12 month high of $23.98. The company’s market capitalization is $5.76 billion. The stock’s 50 day moving average is $22.69 and its 200-day moving average is $22.75.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.22 earnings per share 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 firm had revenue of $237 million for the quarter, compared to analyst estimates of $236.28 million. During the same quarter last year, the company earned $0.25 earnings per share. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. On average, analysts expect that American Homes 4 Rent will post $0.05 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend is Thursday, September 14th. American Homes 4 Rent’s dividend payout ratio (DPR) is presently -181.82%.

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A number of research firms have commented on AMH. 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 began coverage on shares of 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. BidaskClub lowered shares of American Homes 4 Rent from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $24.00 target price on shares of American Homes 4 Rent in a report on Friday, May 5th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $24.38.

In other news, insider Bryan Smith sold 12,432 shares of the stock in a transaction on 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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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