Pioneer Investment Management Inc. increased its stake in American Homes 4 Rent (NYSE:AMH) by 102.3% during the second quarter, Holdings Channel reports. The fund owned 941,902 shares of the real estate investment trust’s stock after buying an additional 476,414 shares during the period. Pioneer Investment Management Inc.’s holdings in American Homes 4 Rent were worth $21,259,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the company. DUPONT CAPITAL MANAGEMENT Corp raised its stake in American Homes 4 Rent by 53.0% in the first quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 48,438 shares of the real estate investment trust’s stock valued at $1,112,000 after buying an additional 16,787 shares during the last quarter. State of New Jersey Common Pension Fund D raised its stake in American Homes 4 Rent by 20.0% in the first quarter. State of New Jersey Common Pension Fund D now owns 60,000 shares of the real estate investment trust’s stock valued at $1,378,000 after buying an additional 10,000 shares during the last quarter. Sapphire Star Partners LP bought a new stake in American Homes 4 Rent during the first quarter valued at about $292,000. Loeb Partners Corp raised its stake in American Homes 4 Rent by 0.8% in the first quarter. Loeb Partners Corp now owns 245,789 shares of the real estate investment trust’s stock valued at $5,643,000 after buying an additional 2,000 shares during the last quarter. Finally, Navellier & Associates Inc raised its stake in American Homes 4 Rent by 78.3% in the first quarter. Navellier & Associates Inc now owns 29,940 shares of the real estate investment trust’s stock valued at $687,000 after buying an additional 13,152 shares during the last quarter. Institutional investors and hedge funds own 92.84% of the company’s stock.

Shares of American Homes 4 Rent (NYSE:AMH) opened at 22.11 on Friday. The firm has a 50-day moving average price of $22.69 and a 200 day moving average price of $22.75. American Homes 4 Rent has a 1-year low of $19.63 and a 1-year high of $23.98. The company’s market cap is $5.76 billion.

American Homes 4 Rent (NYSE:AMH) last announced its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $237 million during the quarter, compared to analysts’ expectations of $236.28 million. During the same quarter in the previous year, the firm earned $0.25 EPS. American Homes 4 Rent’s quarterly revenue was up 7.6% on a year-over-year basis. On average, analysts predict that American Homes 4 Rent will post $0.05 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a $0.05 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.90%. American Homes 4 Rent’s payout ratio is presently -181.82%.

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Several research firms recently issued reports on AMH. Zacks Investment Research upgraded American Homes 4 Rent from a “sell” rating to a “hold” rating in a report on Monday, April 17th. FBR & Co reiterated a “buy” rating on shares of American Homes 4 Rent in a report on Thursday, April 13th. Evercore ISI assumed coverage on American Homes 4 Rent in a report on Monday, June 5th. They set an “in-line” rating and a $24.50 target price on the stock. BidaskClub lowered American Homes 4 Rent from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $24.00 price objective on shares of American Homes 4 Rent in a research note on Friday, May 5th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $24.38.

In other news, insider Bryan Smith sold 12,432 shares of the business’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $22.40, for a total value of $278,476.80. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 27.82% of the stock is owned by insiders.

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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