Ameriprise Financial Inc. lifted its stake in American Homes 4 Rent (NYSE:AMH) by 2.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,651,192 shares of the real estate investment trust’s stock after acquiring an additional 135,910 shares during the period. Ameriprise Financial Inc. owned 2.57% of American Homes 4 Rent worth $150,091,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas raised its position in shares of American Homes 4 Rent by 1.5% in the 2nd 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. Amalgamated Bank raised its position in shares of American Homes 4 Rent by 3.3% in the 1st quarter. Amalgamated Bank now owns 23,909 shares of the real estate investment trust’s stock worth $549,000 after acquiring an additional 774 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of American Homes 4 Rent by 5.8% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,284 shares of the real estate investment trust’s stock worth $328,000 after acquiring an additional 786 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its position in shares of American Homes 4 Rent by 0.6% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 149,466 shares of the real estate investment trust’s stock worth $3,431,000 after acquiring an additional 850 shares in the last quarter. Finally, GAM Holding AG raised its position in shares of American Homes 4 Rent by 4.8% in the 2nd 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. 93.74% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have recently commented on the company. BidaskClub lowered American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Friday, August 25th. Zacks Investment Research raised American Homes 4 Rent from a “sell” rating to a “hold” rating in a research report on Tuesday, August 22nd. TheStreet raised American Homes 4 Rent from a “c” rating to a “b” rating in a research report on Friday, August 4th. Finally, Mizuho raised American Homes 4 Rent from a “neutral” rating to a “buy” rating and set a $25.50 price target for the company in a research report on Monday, July 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. American Homes 4 Rent presently has an average rating of “Hold” and a consensus target price of $24.83.

In related news, Director B Wayne Et Al Hughes acquired 1,372,200 shares of American Homes 4 Rent stock in a transaction dated Thursday, September 14th. The shares were acquired at an average cost of $21.84 per share, for a total transaction of $29,968,848.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 27.82% of the stock is currently owned by company insiders.

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American Homes 4 Rent (NYSE AMH) opened at 22.14 on Friday. American Homes 4 Rent has a 52-week low of $19.63 and a 52-week high of $23.98. The stock has a 50 day moving average price of $22.38 and a 200 day moving average price of $22.71. The company’s market capitalization is $5.76 billion.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.04). The company had revenue of $237.00 million during 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 firm’s revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.25 earnings per share. On average, equities analysts expect that American Homes 4 Rent will post $0.05 earnings per share 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 paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.90%. The ex-dividend date is Thursday, September 14th. American Homes 4 Rent’s payout ratio is currently -181.82%.

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.

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

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