American Homes 4 Rent (AMH) Stake Lowered by GSA Capital Partners LLP
GSA Capital Partners LLP reduced its position in shares of American Homes 4 Rent (NYSE:AMH) by 70.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,287 shares of the real estate investment trust’s stock after selling 28,804 shares during the period. GSA Capital Partners LLP’s holdings in American Homes 4 Rent were worth $273,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AMH. US Bancorp DE grew its position in shares of American Homes 4 Rent by 75.6% during the 2nd quarter. US Bancorp DE now owns 7,041 shares of the real estate investment trust’s stock valued at $156,000 after purchasing an additional 3,032 shares in the last quarter. WINTON GROUP Ltd purchased a new position in shares of American Homes 4 Rent during the 1st quarter valued at $229,000. Amica Retiree Medical Trust purchased a new position in shares of American Homes 4 Rent during the 2nd quarter valued at $464,000. Quantitative Systematic Strategies LLC purchased a new position in shares of American Homes 4 Rent during the 2nd quarter valued at $484,000. Finally, Hsbc Holdings PLC grew its position in shares of American Homes 4 Rent by 19.0% during the 1st quarter. Hsbc Holdings PLC now owns 25,524 shares of the real estate investment trust’s stock valued at $513,000 after purchasing an additional 4,070 shares in the last quarter. Hedge funds and other institutional investors own 89.14% of the company’s stock.
Shares of NYSE:AMH opened at $22.75 on Monday. American Homes 4 Rent has a 52-week low of $18.39 and a 52-week high of $23.34. The firm has a market capitalization of $6.73 billion, a P/E ratio of 22.09, a P/E/G ratio of 1.57 and a beta of 0.57. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.46.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 1st. Shareholders of record on Friday, September 14th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.88%. The ex-dividend date is Thursday, September 13th. American Homes 4 Rent’s dividend payout ratio is presently 19.61%.
A number of research analysts have recently commented on the stock. Wells Fargo & Co boosted their price target on shares of American Homes 4 Rent from $22.00 to $24.00 and gave the company a “market perform” rating in a research report on Tuesday, August 28th. Zacks Investment Research upgraded shares of American Homes 4 Rent from a “sell” rating to a “hold” rating in a research report on Monday, August 20th. Mizuho set a $25.00 target price on shares of American Homes 4 Rent and gave the stock a “buy” rating in a research report on Friday, August 3rd. Zelman & Associates lowered shares of American Homes 4 Rent from a “buy” rating to a “hold” rating in a research report on Monday, July 30th. Finally, Morgan Stanley cut their target price on shares of American Homes 4 Rent from $25.00 to $22.50 and set an “overweight” rating for the company in a research report on Thursday, June 14th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $24.50.
In other American Homes 4 Rent news, Director Tamara Hughes Gustavson purchased 217,000 shares of the stock in a transaction on Wednesday, September 5th. The stock was acquired at an average cost of $22.93 per share, with a total value of $4,975,810.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Stephanie G. Heim sold 25,100 shares of the business’s stock in a transaction on Monday, August 20th. The stock was sold at an average price of $23.00, for a total transaction of $577,300.00. Following the completion of the sale, the director now directly owns 62,876 shares of the company’s stock, valued at $1,446,148. The disclosure for this sale can be found here. Insiders sold 150,000 shares of company stock valued at $3,450,000 over the last three months. 27.82% of the stock is currently owned by insiders.
American Homes 4 Rent 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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