Ontario Teachers Pension Plan Board Boosts Holdings in American Homes 4 Rent $AMH

Ontario Teachers Pension Plan Board lifted its holdings in American Homes 4 Rent (NYSE:AMH) by 78.6% in the third quarter, HoldingsChannel reports. The fund owned 56,019 shares of the real estate investment trust’s stock after buying an additional 24,662 shares during the period. Ontario Teachers Pension Plan Board’s holdings in American Homes 4 Rent were worth $1,863,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Norges Bank bought a new stake in American Homes 4 Rent in the second quarter worth $796,706,000. First Trust Advisors LP increased its holdings in shares of American Homes 4 Rent by 2,035.9% in the second quarter. First Trust Advisors LP now owns 1,129,609 shares of the real estate investment trust’s stock worth $40,745,000 after buying an additional 1,076,722 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in shares of American Homes 4 Rent by 849.8% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 603,038 shares of the real estate investment trust’s stock worth $21,752,000 after buying an additional 539,548 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of American Homes 4 Rent by 24.0% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,506,317 shares of the real estate investment trust’s stock valued at $83,335,000 after acquiring an additional 485,401 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in American Homes 4 Rent by 21.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 2,606,764 shares of the real estate investment trust’s stock valued at $94,026,000 after acquiring an additional 468,075 shares during the period. Institutional investors own 91.87% of the company’s stock.

American Homes 4 Rent Price Performance

Shares of American Homes 4 Rent stock opened at $31.39 on Thursday. The business has a 50 day moving average of $31.53 and a 200 day moving average of $32.59. American Homes 4 Rent has a 52 week low of $28.84 and a 52 week high of $39.49. The company has a market cap of $11.65 billion, a PE ratio of 26.60, a P/E/G ratio of 3.00 and a beta of 0.80. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.62.

American Homes 4 Rent Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be issued a $0.33 dividend. This is a boost from American Homes 4 Rent’s previous quarterly dividend of $0.30. The ex-dividend date is Friday, March 13th. This represents a $1.32 annualized dividend and a yield of 4.2%. American Homes 4 Rent’s dividend payout ratio (DPR) is currently 101.69%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on AMH. UBS Group reduced their price target on American Homes 4 Rent from $38.00 to $33.00 and set a “neutral” rating on the stock in a research report on Thursday, January 8th. Barclays cut their target price on shares of American Homes 4 Rent from $34.00 to $33.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 13th. The Goldman Sachs Group set a $37.00 target price on shares of American Homes 4 Rent in a research note on Monday, December 15th. Wall Street Zen cut shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Sunday, January 18th. Finally, JPMorgan Chase & Co. cut their price target on shares of American Homes 4 Rent from $38.00 to $37.00 and set a “neutral” rating on the stock in a report on Monday, January 12th. Eight research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, American Homes 4 Rent presently has a consensus rating of “Hold” and an average target price of $37.44.

Insider Activity at American Homes 4 Rent

In related news, Director Jack E. Corrigan purchased 5,000 shares of American Homes 4 Rent stock in a transaction that occurred on Tuesday, December 9th. The shares were bought at an average price of $22.96 per share, for a total transaction of $114,800.00. Following the completion of the transaction, the director directly owned 17,300 shares of the company’s stock, valued at $397,208. This represents a 40.65% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 6.32% of the company’s stock.

American Homes 4 Rent Company Profile

American Homes 4 Rent (NYSE: AMH) is a publicly traded real estate investment trust (REIT) specializing in the acquisition, development and management of single-family rental homes. Since its initial public offering in April 2013, the company has focused on building a large-scale, professionally managed portfolio of homes designed to meet the needs of today’s renters. Its business model emphasizes the acquisition of well-located properties coupled with consistent, in-house property management to drive occupancy and long-term value.

As of the most recent reporting, American Homes 4 Rent owns and operates tens of thousands of homes across the United States, with concentration in key Sun Belt and high-growth markets.