Treasurer of the State of North Carolina reduced its holdings in American Homes 4 Rent (NYSE:AMH) by 8.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 116,489 shares of the real estate investment trust’s stock after selling 11,080 shares during the period. Treasurer of the State of North Carolina’s holdings in American Homes 4 Rent were worth $2,832,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. M&T Bank Corp increased its stake in shares of American Homes 4 Rent by 4.4% during the 2nd quarter. M&T Bank Corp now owns 13,577 shares of the real estate investment trust’s stock worth $330,000 after purchasing an additional 572 shares during the last quarter. Quantamental Technologies LLC increased its stake in shares of American Homes 4 Rent by 4.6% during the 2nd quarter. Quantamental Technologies LLC now owns 13,313 shares of the real estate investment trust’s stock worth $324,000 after purchasing an additional 587 shares during the last quarter. Comerica Bank increased its stake in shares of American Homes 4 Rent by 6.4% during the 1st quarter. Comerica Bank now owns 11,811 shares of the real estate investment trust’s stock worth $274,000 after purchasing an additional 711 shares during the last quarter. US Bancorp DE increased its stake in shares of American Homes 4 Rent by 2.2% during the 2nd quarter. US Bancorp DE now owns 35,176 shares of the real estate investment trust’s stock worth $856,000 after purchasing an additional 760 shares during the last quarter. Finally, Jane Street Group LLC increased its stake in shares of American Homes 4 Rent by 8.1% during the 2nd quarter. Jane Street Group LLC now owns 14,785 shares of the real estate investment trust’s stock worth $359,000 after purchasing an additional 1,108 shares during the last quarter. Hedge funds and other institutional investors own 87.20% of the company’s stock.

In related news, COO Jack E. Corrigan sold 75,000 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $25.68, for a total value of $1,926,000.00. Following the transaction, the chief operating officer now owns 100 shares in the company, valued at approximately $2,568. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Jack E. Corrigan sold 100,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $25.70, for a total transaction of $2,570,000.00. Following the completion of the transaction, the chief operating officer now owns 100 shares in the company, valued at approximately $2,570. The disclosure for this sale can be found here. In the last quarter, insiders sold 275,000 shares of company stock worth $7,060,600. 27.58% of the stock is owned by company insiders.

AMH has been the topic of several recent analyst reports. B. Riley set a $28.00 price objective on shares of American Homes 4 Rent and gave the stock a “buy” rating in a research note on Friday, August 16th. Morgan Stanley restated a “hold” rating and set a $29.00 price objective on shares of American Homes 4 Rent in a research note on Wednesday. ValuEngine lowered shares of American Homes 4 Rent from a “buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Zacks Investment Research upgraded shares of American Homes 4 Rent from a “sell” rating to a “hold” rating in a research note on Wednesday, August 7th. Finally, Citigroup lowered shares of American Homes 4 Rent from a “buy” rating to a “neutral” rating and set a $25.00 price objective on the stock. in a research note on Tuesday, June 11th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $26.00.

Shares of AMH opened at $26.22 on Wednesday. American Homes 4 Rent has a 52 week low of $18.91 and a 52 week high of $26.19. The firm has a market cap of $7.82 billion, a P/E ratio of 24.74, a price-to-earnings-growth ratio of 2.19 and a beta of 0.60. The firm’s 50-day simple moving average is $25.41 and its 200 day simple moving average is $24.51. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.05 and a current ratio of 1.05.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.19). American Homes 4 Rent had a net margin of 10.02% and a return on equity of 1.86%. The company had revenue of $281.90 million during the quarter, compared to analyst estimates of $279.04 million. During the same quarter last year, the company posted $0.27 EPS. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. As a group, equities analysts forecast that American Homes 4 Rent will post 1.11 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were paid a $0.05 dividend. The ex-dividend date was Thursday, September 12th. This represents a $0.20 dividend on an annualized basis and a yield of 0.76%. American Homes 4 Rent’s dividend payout ratio (DPR) is currently 18.87%.

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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