New York State Common Retirement Fund reduced its holdings in shares of American Homes 4 Rent (NYSE:AMH) by 20.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 494,668 shares of the real estate investment trust’s stock after selling 130,362 shares during the period. New York State Common Retirement Fund owned about 0.19% of American Homes 4 Rent worth $11,165,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. FNY Partners Fund LP purchased a new stake in American Homes 4 Rent during the 1st quarter worth approximately $114,000. PNC Financial Services Group Inc. increased its stake in American Homes 4 Rent by 169.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,442 shares of the real estate investment trust’s stock worth $125,000 after buying an additional 3,423 shares during the period. Public Employees Retirement Association of Colorado increased its stake in American Homes 4 Rent by 35.0% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 7,125 shares of the real estate investment trust’s stock worth $161,000 after buying an additional 1,848 shares during the period. Old Mutual Global Investors UK Ltd. purchased a new stake in American Homes 4 Rent during the 2nd quarter worth approximately $219,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in American Homes 4 Rent during the 1st quarter worth approximately $236,000. 93.74% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of American Homes 4 Rent (AMH) opened at 21.50 on Friday. American Homes 4 Rent has a 52 week low of $19.63 and a 52 week high of $23.98. The firm’s market cap is $5.60 billion. The company’s 50-day moving average is $22.07 and its 200-day moving average is $22.60.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.04). American Homes 4 Rent had a net margin of 3.82% and a return on equity of 0.70%. The firm had revenue of $237.00 million for the quarter, compared to analyst estimates of $236.28 million. During the same period last year, the firm posted $0.25 EPS. The business’s revenue was up 7.6% compared to the same quarter last year. Analysts forecast that American Homes 4 Rent will post $0.05 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend was Thursday, September 14th. American Homes 4 Rent’s dividend payout ratio (DPR) is -181.82%.

Several equities research analysts recently weighed in on the stock. Mizuho raised shares of American Homes 4 Rent from a “neutral” rating to a “buy” rating and set a $25.50 target price on the stock in a research note on Monday, July 10th. Zacks Investment Research raised shares of American Homes 4 Rent from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. BidaskClub raised shares of American Homes 4 Rent from a “hold” rating to a “buy” rating in a research note on Saturday, June 24th. FBR & Co reissued a “buy” rating and issued a $26.00 price objective on shares of American Homes 4 Rent in a research report on Friday, September 29th. Finally, TheStreet raised shares of American Homes 4 Rent from a “c” rating to a “b” rating in a research report on Friday, August 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $24.80.

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

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.

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

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