Strs Ohio Purchases 9,841 Shares of American Homes 4 Rent (NYSE:AMH)

Strs Ohio increased its stake in American Homes 4 Rent (NYSE:AMH) by 3.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 301,922 shares of the real estate investment trust’s stock after buying an additional 9,841 shares during the period. Strs Ohio owned 0.12% of American Homes 4 Rent worth $6,554,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Voya Investment Management LLC increased its position in American Homes 4 Rent by 26.5% during the 2nd quarter. Voya Investment Management LLC now owns 63,431 shares of the real estate investment trust’s stock valued at $1,432,000 after purchasing an additional 13,297 shares during the period. Legal & General Group Plc increased its position in American Homes 4 Rent by 10.0% during the 2nd quarter. Legal & General Group Plc now owns 486,902 shares of the real estate investment trust’s stock valued at $10,990,000 after purchasing an additional 44,152 shares during the period. Heartland Advisors Inc. increased its position in American Homes 4 Rent by 123.7% during the 2nd quarter. Heartland Advisors Inc. now owns 711,089 shares of the real estate investment trust’s stock valued at $16,049,000 after purchasing an additional 393,182 shares during the period. Bank of Montreal Can increased its position in American Homes 4 Rent by 249.3% during the 2nd quarter. Bank of Montreal Can now owns 428,244 shares of the real estate investment trust’s stock valued at $9,666,000 after purchasing an additional 305,641 shares during the period. Finally, Federated Investors Inc. PA bought a new stake in shares of American Homes 4 Rent in the 2nd quarter valued at about $5,811,000. 94.29% of the stock is currently owned by institutional investors.

American Homes 4 Rent (NYSE:AMH) traded down $0.01 during trading hours on Tuesday, hitting $22.12. 2,141,300 shares of the stock traded hands, compared to its average volume of 2,026,526. The stock has a market cap of $6,345.51, a price-to-earnings ratio of 21.49, a price-to-earnings-growth ratio of 1.89 and a beta of 0.69. 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 52-week low of $19.62 and a 52-week high of $23.98.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.25 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 company had revenue of $246.80 million during the quarter, compared to analyst estimates of $247.96 million. During the same quarter in the previous year, the firm earned $0.24 EPS. The firm’s revenue was up 4.5% compared to the same quarter last year. equities research analysts forecast that American Homes 4 Rent will post 1.04 EPS for the current year.

The firm 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 dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date is Friday, December 29th. American Homes 4 Rent’s payout ratio is -2,000.00%.

A number of analysts have recently weighed in on the stock. B. Riley restated a “buy” rating on shares of American Homes 4 Rent in a report on Wednesday, November 1st. Zacks Investment Research cut shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Tuesday, August 15th. BidaskClub upgraded shares of American Homes 4 Rent from a “sell” rating to a “hold” rating in a research note on Saturday, August 19th. Citigroup Inc. began coverage on shares of American Homes 4 Rent in a research note on Friday, October 20th. They issued a “buy” rating and a $25.00 target price for the company. Finally, FBR & Co reiterated a “buy” rating and issued a $26.00 target price on shares of American Homes 4 Rent in a research note on Friday, September 29th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $25.13.

In other news, Director B Wayne Et Al Hughes purchased 292,977 shares of the stock in a transaction dated Thursday, November 9th. The shares were purchased at an average price of $21.86 per share, with a total value of $6,404,477.22. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have bought 1,766,855 shares of company stock valued at $38,597,023 in the last ninety days. Insiders own 27.82% of the company’s stock.

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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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