Prudential Financial Inc. lifted its holdings in shares of American Homes 4 Rent (NYSE:AMH) by 7,735.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,659,629 shares of the real estate investment trust’s stock after buying an additional 1,638,449 shares during the period. Prudential Financial Inc. owned about 0.64% of American Homes 4 Rent worth $36,031,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. PNC Financial Services Group Inc. boosted its stake in shares of 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 last quarter. Public Employees Retirement Association of Colorado boosted its stake in shares of 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 last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of American Homes 4 Rent by 7.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,247 shares of the real estate investment trust’s stock worth $164,000 after buying an additional 515 shares during the last quarter. QCM Cayman Ltd. acquired a new position in shares of American Homes 4 Rent during the 2nd quarter worth about $203,000. Finally, Old Mutual Global Investors UK Ltd. acquired a new position in shares of American Homes 4 Rent during the 2nd quarter worth about $219,000. Institutional investors own 94.29% of the company’s stock.

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In related news, Director B Wayne Et Al Hughes purchased 292,977 shares of the stock in a transaction on Thursday, November 9th. The shares were purchased at an average cost of $21.86 per share, with a total value of $6,404,477.22. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last three months, insiders acquired 1,766,855 shares of company stock worth $38,597,023. Insiders own 27.82% of the company’s stock.

AMH has been the topic of a number of research analyst reports. TheStreet raised shares of American Homes 4 Rent from a “c” rating to a “b” rating in a report on Friday, August 4th. B. Riley reaffirmed a “buy” rating on shares of American Homes 4 Rent in a report on Wednesday, November 1st. Citigroup Inc. initiated coverage on shares of American Homes 4 Rent in a report on Friday, October 20th. They issued a “buy” rating and a $25.00 target price on the stock. BTIG Research initiated coverage on shares of American Homes 4 Rent in a report on Monday, October 9th. They issued a “buy” rating and a $26.00 target price on the stock. Finally, FBR & Co reaffirmed a “buy” rating and issued 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 assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $25.13.

Shares of American Homes 4 Rent (AMH) opened at $22.12 on Tuesday. The stock has a market cap of $6,345.51, a PE ratio of 21.49, a PEG ratio of 1.89 and a beta of 0.69. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.40. American Homes 4 Rent has a fifty-two week low of $19.62 and a fifty-two week high of $23.98.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.25 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.25. The firm had revenue of $246.80 million for the quarter, compared to analysts’ expectations of $247.96 million. American Homes 4 Rent had a net margin of 6.56% and a return on equity of 1.15%. The business’s revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.24 EPS. analysts predict that American Homes 4 Rent will post 1.04 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Tuesday, January 2nd will be issued a $0.05 dividend. The ex-dividend date is Friday, December 29th. This represents a $0.20 annualized dividend and a yield of 0.90%. American Homes 4 Rent’s dividend payout ratio is currently -2,000.00%.

American Homes 4 Rent Profile

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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