New York State Teachers Retirement System cut its stake in shares of American Homes 4 Rent (NYSE:AMH) by 32.1% in the 1st quarter, Holdings Channel reports. The firm owned 9,100 shares of the real estate investment trust’s stock after selling 4,300 shares during the period. New York State Teachers Retirement System’s holdings in American Homes 4 Rent were worth $183,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in AMH. Bank of New York Mellon Corp lifted its position in American Homes 4 Rent by 59.5% during the fourth quarter. Bank of New York Mellon Corp now owns 9,716,620 shares of the real estate investment trust’s stock valued at $212,211,000 after purchasing an additional 3,624,238 shares during the last quarter. Security Capital Research & Management Inc. lifted its position in American Homes 4 Rent by 128.7% during the fourth quarter. Security Capital Research & Management Inc. now owns 4,731,445 shares of the real estate investment trust’s stock valued at $103,335,000 after purchasing an additional 2,662,450 shares during the last quarter. Virtus Fund Advisers LLC lifted its position in American Homes 4 Rent by 104.6% during the fourth quarter. Virtus Fund Advisers LLC now owns 3,458,750 shares of the real estate investment trust’s stock valued at $75,712,000 after purchasing an additional 1,768,150 shares during the last quarter. BlackRock Inc. lifted its position in American Homes 4 Rent by 4.8% during the fourth quarter. BlackRock Inc. now owns 16,554,031 shares of the real estate investment trust’s stock valued at $361,539,000 after purchasing an additional 765,649 shares during the last quarter. Finally, Clearbridge Investments LLC lifted its position in American Homes 4 Rent by 18.6% during the fourth quarter. Clearbridge Investments LLC now owns 4,756,576 shares of the real estate investment trust’s stock valued at $103,884,000 after purchasing an additional 745,672 shares during the last quarter. Institutional investors and hedge funds own 92.66% of the company’s stock.

American Homes 4 Rent opened at $19.79 on Friday, Marketbeat reports. The company has a market cap of $5.89 billion, a price-to-earnings ratio of 19.51, a price-to-earnings-growth ratio of 1.31 and a beta of 0.59. American Homes 4 Rent has a one year low of $19.94 and a one year high of $20.13. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.48.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings results on Thursday, May 3rd. The real estate investment trust reported $0.02 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.01). The business had revenue of $258.00 million for the quarter, compared to analysts’ expectations of $251.72 million. American Homes 4 Rent had a return on equity of 1.56% and a net margin of 9.07%. The company’s revenue was up 10.4% compared to the same quarter last year. During the same period last year, the business posted $0.26 earnings per share. analysts anticipate that American Homes 4 Rent will post 1.11 EPS for the current year.

American Homes 4 Rent declared that its Board of Directors has approved a stock repurchase program on Thursday, February 22nd that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the real estate investment trust to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Monday, July 2nd. Investors of record on Friday, June 15th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend is Thursday, June 14th. American Homes 4 Rent’s payout ratio is 19.61%.

In related news, EVP Christopher Lau sold 105,000 shares of American Homes 4 Rent stock in a transaction on Tuesday, May 8th. The shares were sold at an average price of $20.50, for a total value of $2,152,500.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Dann V. Angeloff sold 3,000 shares of American Homes 4 Rent stock in a transaction on Monday, March 12th. The stock was sold at an average price of $19.67, for a total transaction of $59,010.00. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 262,385 shares of company stock worth $5,418,520. 27.82% of the stock is owned by insiders.

AMH has been the subject of several research analyst reports. 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 report on Friday, February 23rd. BTIG Research decreased their price target on shares of American Homes 4 Rent from $26.00 to $23.00 and set a “buy” rating on the stock in a research note on Monday, February 26th. Zacks Investment Research downgraded shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Tuesday, February 27th. Mizuho set a $22.00 price target on shares of American Homes 4 Rent and gave the stock a “buy” rating in a research note on Tuesday, February 27th. Finally, Robert W. Baird assumed coverage on shares of American Homes 4 Rent in a research note on Thursday, March 29th. They set an “outperform” rating and a $23.00 price target on the stock. Three research analysts have rated the stock with a sell rating and nine have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $24.56.

American Homes 4 Rent Company Profile

American Homes 4 Rent (NYSE: AMH) is a leader in the single-family home rental industry and "American Homes 4 Rent" is fast becoming a nationally recognized brand for rental homes, known for high quality, good value and tenant satisfaction. We are an internally managed Maryland real estate investment trust, or REIT, focused on acquiring, renovating, leasing, and operating attractive, single-family homes as rental properties.

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

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