Canada Pension Plan Investment Board reduced its stake in American Homes 4 Rent (NYSE:AMH) by 36.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 254,200 shares of the real estate investment trust’s stock after selling 144,200 shares during the quarter. Canada Pension Plan Investment Board owned about 0.10% of American Homes 4 Rent worth $5,519,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Westpac Banking Corp raised its stake in American Homes 4 Rent by 27.7% in the third quarter. Westpac Banking Corp now owns 552,290 shares of the real estate investment trust’s stock valued at $11,990,000 after purchasing an additional 119,950 shares in the last quarter. Real Estate Management Services LLC purchased a new stake in American Homes 4 Rent in the third quarter valued at approximately $5,508,000. Honeywell International Inc. raised its stake in American Homes 4 Rent by 14.1% in the third quarter. Honeywell International Inc. now owns 99,754 shares of the real estate investment trust’s stock valued at $2,166,000 after purchasing an additional 12,304 shares in the last quarter. Strs Ohio raised its stake in American Homes 4 Rent by 3.4% in the third quarter. Strs Ohio now owns 301,922 shares of the real estate investment trust’s stock valued at $6,554,000 after purchasing an additional 9,841 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its stake in American Homes 4 Rent by 5.8% in the third quarter. Robeco Institutional Asset Management B.V. now owns 365,000 shares of the real estate investment trust’s stock valued at $7,924,000 after purchasing an additional 20,000 shares in the last quarter. 94.29% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director B Wayne Et Al Hughes bought 1,372,200 shares of the business’s stock in a transaction dated Thursday, September 14th. The shares were purchased at an average price 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 accessible through this hyperlink. Insiders bought 1,766,855 shares of company stock worth $38,597,023 in the last 90 days. Company insiders own 27.82% of the company’s stock.

A number of brokerages recently weighed in on AMH. B. Riley set a $26.00 target price on shares of American Homes 4 Rent and gave the company a “buy” rating in a research note on Tuesday. Citigroup Inc. initiated coverage on shares of American Homes 4 Rent in a research note on Friday, October 20th. They set a “buy” rating and a $25.00 price target on the stock. BTIG Research initiated coverage on shares of American Homes 4 Rent in a research note on Monday, October 9th. They set a “buy” rating and a $26.00 price target on the stock. FBR & Co reissued a “buy” rating and set a $26.00 price target on shares of American Homes 4 Rent in a research note on Friday, September 29th. Finally, BidaskClub downgraded shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Friday, August 25th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. American Homes 4 Rent currently has an average rating of “Hold” and an average target price of $25.13.

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American Homes 4 Rent (NYSE AMH) opened at $22.12 on Tuesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.51 and a current ratio of 1.51. American Homes 4 Rent has a one year low of $19.62 and a one year high of $23.98. The company has a market cap of $6,345.51, a P/E ratio of 21.49, a price-to-earnings-growth ratio of 1.89 and a beta of 0.69.

American Homes 4 Rent (NYSE:AMH) last issued its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.25. American Homes 4 Rent had a net margin of 6.56% and a return on equity of 1.15%. The firm had revenue of $246.80 million for the quarter, compared to analysts’ expectations of $247.96 million. During the same quarter last year, the business earned $0.24 earnings per share. The business’s revenue was up 4.5% on a year-over-year basis. sell-side analysts predict that American Homes 4 Rent will post 1.04 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Tuesday, January 2nd will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend is Friday, December 29th. American Homes 4 Rent’s dividend payout ratio is -2,000.00%.

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.

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

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