Goldman Sachs Group Inc. Buys 2,921,537 Shares of American Homes 4 Rent (NYSE:AMH)

Goldman Sachs Group Inc. lifted its stake in American Homes 4 Rent (NYSE:AMHGet Rating) by 54.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,256,460 shares of the real estate investment trust’s stock after acquiring an additional 2,921,537 shares during the period. Goldman Sachs Group Inc. owned 2.47% of American Homes 4 Rent worth $360,064,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Evoke Wealth LLC increased its position in American Homes 4 Rent by 254.5% during the 3rd quarter. Evoke Wealth LLC now owns 741 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 532 shares in the last quarter. First Horizon Advisors Inc. grew its stake in American Homes 4 Rent by 292.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 757 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 564 shares during the last quarter. Charter Oak Capital Management LLC purchased a new stake in American Homes 4 Rent during the 4th quarter valued at about $35,000. National Bank of Canada FI purchased a new stake in American Homes 4 Rent during the 4th quarter valued at about $43,000. Finally, Whittier Trust Co. grew its stake in American Homes 4 Rent by 115.8% during the 4th quarter. Whittier Trust Co. now owns 1,079 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 579 shares during the last quarter. 88.49% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Douglas N. Benham bought 1,275 shares of the business’s stock in a transaction dated Tuesday, March 15th. The shares were acquired at an average price of $25.41 per share, for a total transaction of $32,397.75. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 6.03% of the stock is currently owned by insiders.

NYSE:AMH traded up $1.57 during midday trading on Friday, reaching $37.50. The company had a trading volume of 5,148,644 shares, compared to its average volume of 2,959,169. The firm has a market capitalization of $13.06 billion, a price-to-earnings ratio of 79.79, a PEG ratio of 3.06 and a beta of 0.58. The stock’s fifty day simple moving average is $39.62 and its 200-day simple moving average is $40.08. American Homes 4 Rent has a 12-month low of $34.79 and a 12-month high of $44.07. The company has a current ratio of 0.64, a quick ratio of 0.68 and a debt-to-equity ratio of 0.55.

American Homes 4 Rent (NYSE:AMHGet Rating) last posted its quarterly earnings results on Thursday, May 5th. The real estate investment trust reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.05. American Homes 4 Rent had a return on equity of 3.05% and a net margin of 13.74%. The company had revenue of $356.11 million for the quarter, compared to analysts’ expectations of $355.76 million. During the same period last year, the firm earned $0.32 earnings per share. American Homes 4 Rent’s quarterly revenue was up 13.9% on a year-over-year basis. As a group, sell-side analysts expect that American Homes 4 Rent will post 1.56 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Wednesday, June 15th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend is Tuesday, June 14th. American Homes 4 Rent’s dividend payout ratio (DPR) is currently 153.19%.

A number of brokerages have recently commented on AMH. Jefferies Financial Group began coverage on American Homes 4 Rent in a research note on Wednesday, April 20th. They issued a “buy” rating and a $48.00 target price on the stock. B. Riley lowered their target price on American Homes 4 Rent from $47.00 to $43.00 in a research note on Wednesday. KeyCorp began coverage on American Homes 4 Rent in a research note on Tuesday, February 1st. They issued a “sector weight” rating on the stock. StockNews.com began coverage on American Homes 4 Rent in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, BMO Capital Markets began coverage on American Homes 4 Rent in a research note on Thursday, April 14th. They issued an “outperform” rating and a $46.00 target price on the stock. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $45.06.

American Homes 4 Rent Profile (Get Rating)

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, developing, renovating, leasing, and operating attractive, single-family homes as rental properties.

Further Reading

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

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