Citigroup Inc. boosted its stake in American Homes 4 Rent (NYSE:AMH) by 141.1% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 217,425 shares of the real estate investment trust’s stock after buying an additional 127,231 shares during the period. Citigroup Inc. owned approximately 0.08% of American Homes 4 Rent worth $4,907,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FNY Partners Fund LP acquired a new position in American Homes 4 Rent in the 1st quarter valued at about $114,000. PNC Financial Services Group Inc. grew its stake in American Homes 4 Rent by 169.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,442 shares of the real estate investment trust’s stock valued at $125,000 after buying an additional 3,423 shares during the last quarter. Public Employees Retirement Association of Colorado grew its stake in American Homes 4 Rent by 35.0% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 7,125 shares of the real estate investment trust’s stock valued at $161,000 after buying an additional 1,848 shares during the last quarter. Old Mutual Global Investors UK Ltd. acquired a new position in American Homes 4 Rent in the 2nd quarter valued at about $219,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in American Homes 4 Rent in the 1st quarter valued at about $236,000. Institutional investors and hedge funds own 93.74% of the company’s stock.

American Homes 4 Rent (NYSE AMH) opened at 21.66 on Friday. The firm’s 50 day moving average is $22.34 and its 200-day moving average is $22.68. American Homes 4 Rent has a 12 month low of $19.63 and a 12 month high of $23.98. The firm’s market cap is $5.64 billion.

American Homes 4 Rent (NYSE:AMH) last posted its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.04). The business had revenue of $237.00 million during the quarter, compared to analysts’ expectations of $236.28 million. American Homes 4 Rent had a return on equity of 0.70% and a net margin of 3.82%. American Homes 4 Rent’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.25 EPS. On average, equities analysts forecast 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. Investors of record on Friday, September 15th will be paid a dividend of $0.05 per share. The ex-dividend date is Thursday, September 14th. This represents a $0.20 annualized dividend and a yield of 0.92%. American Homes 4 Rent’s dividend payout ratio is currently -181.82%.

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A number of research analysts recently commented on the stock. BidaskClub lowered shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. TheStreet upgraded shares of American Homes 4 Rent from a “c” rating to a “b” rating in a research note on Friday, August 4th. Zacks Investment Research upgraded shares of American Homes 4 Rent from a “sell” rating to a “hold” rating in a research note on Tuesday, August 22nd. Evercore ISI assumed coverage on shares of American Homes 4 Rent in a research note on Monday, June 5th. They issued an “in-line” rating and a $24.50 price target on the stock. Finally, Mizuho upgraded shares of American Homes 4 Rent from a “neutral” rating to a “buy” rating and set a $25.50 price target on the stock in a research note 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 issued a buy rating to the stock. American Homes 4 Rent has a consensus rating of “Hold” and a consensus target price of $24.83.

In other news, Director B Wayne Et Al Hughes acquired 1,372,200 shares of American Homes 4 Rent stock in a transaction that occurred on Thursday, September 14th. The stock was bought at an average price of $21.84 per share, with a total value of $29,968,848.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 27.82% of the stock is currently owned by insiders.

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.

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

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