Raymond James Financial Services Advisors Inc. raised its position in shares of American Homes 4 Rent (NYSE:AMH) by 8.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 261,947 shares of the real estate investment trust’s stock after acquiring an additional 20,641 shares during the quarter. Raymond James Financial Services Advisors Inc. owned approximately 0.10% of American Homes 4 Rent worth $5,912,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. PNC Financial Services Group Inc. raised its holdings in shares of American Homes 4 Rent by 5.1% during the second quarter. PNC Financial Services Group Inc. now owns 5,720 shares of the real estate investment trust’s stock valued at $128,000 after acquiring an additional 278 shares during the last quarter. Teacher Retirement System of Texas raised its holdings in shares of American Homes 4 Rent by 1.5% during the second quarter. Teacher Retirement System of Texas now owns 18,405 shares of the real estate investment trust’s stock valued at $415,000 after acquiring an additional 280 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of American Homes 4 Rent by 7.7% during the second quarter. The Manufacturers Life Insurance Company now owns 7,247 shares of the real estate investment trust’s stock valued at $164,000 after acquiring an additional 515 shares during the last quarter. Amalgamated Bank raised its holdings in shares of American Homes 4 Rent by 3.3% during the first quarter. Amalgamated Bank now owns 23,909 shares of the real estate investment trust’s stock valued at $549,000 after acquiring an additional 774 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its holdings in shares of American Homes 4 Rent by 0.6% during the first quarter. Nomura Asset Management Co. Ltd. now owns 149,466 shares of the real estate investment trust’s stock valued at $3,431,000 after acquiring an additional 850 shares during the last quarter. 93.74% of the stock is owned by institutional investors and hedge funds.

American Homes 4 Rent (NYSE:AMH) last issued 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 Thomson Reuters’ consensus estimate of $0.26 by ($0.04). American Homes 4 Rent had a return on equity of 0.70% and a net margin of 3.82%. The company had revenue of $237.00 million for the quarter, compared to analyst estimates of $236.28 million. During the same quarter in the prior year, the firm earned $0.25 earnings per share. The company’s revenue for the quarter was up 7.6% on a year-over-year basis.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were issued a $0.05 dividend. The ex-dividend date was Thursday, September 14th. This represents a $0.20 annualized dividend and a yield of 0.92%. American Homes 4 Rent’s dividend payout ratio (DPR) is presently -181.82%.

In other American Homes 4 Rent news, Director B Wayne Et Al Hughes purchased 1,372,200 shares of the business’s stock in a transaction on Thursday, September 14th. The stock was bought at an average cost of $21.84 per share, for a total transaction of $29,968,848.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 27.82% of the company’s stock.

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A number of equities analysts have commented on the company. Zacks Investment Research cut American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Tuesday, August 15th. BidaskClub raised American Homes 4 Rent from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. Finally, FBR & Co reissued a “buy” rating and set a $26.00 target price on shares of American Homes 4 Rent in a report on Friday, September 29th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $25.00.

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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