Cambridge Investment Research Advisors Inc. Acquires 8,595 Shares of American Homes 4 Rent (NYSE:AMH)

Cambridge Investment Research Advisors Inc. grew its holdings in shares of American Homes 4 Rent (NYSE:AMHGet Rating) by 14.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 68,366 shares of the real estate investment trust’s stock after buying an additional 8,595 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in American Homes 4 Rent were worth $2,981,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Evoke Wealth LLC grew its stake in shares of American Homes 4 Rent by 254.5% during the third 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 during the last quarter. First Horizon Advisors Inc. grew its stake in shares of American Homes 4 Rent by 292.2% during the third quarter. First Horizon Advisors Inc. now owns 757 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 564 shares during the last quarter. MUFG Americas Holdings Corp bought a new position in shares of American Homes 4 Rent during the third quarter valued at approximately $36,000. National Bank of Canada FI bought a new position in shares of American Homes 4 Rent during the fourth quarter valued at approximately $43,000. Finally, Whittier Trust Co. grew its stake in shares of American Homes 4 Rent by 115.8% during the fourth quarter. Whittier Trust Co. now owns 1,079 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 579 shares during the last quarter. 80.54% of the stock is currently owned by hedge funds and other institutional investors.

Shares of AMH stock opened at $42.48 on Friday. The business’s fifty day simple moving average is $39.61 and its 200-day simple moving average is $40.20. The company has a market cap of $14.79 billion, a PE ratio of 106.20, a PEG ratio of 3.56 and a beta of 0.61. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.58. American Homes 4 Rent has a 12-month low of $35.48 and a 12-month high of $44.07.

American Homes 4 Rent (NYSE:AMHGet Rating) last issued its quarterly earnings results on Wednesday, February 23rd. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. The business had revenue of $338.09 million for the quarter, compared to the consensus estimate of $346.26 million. American Homes 4 Rent had a return on equity of 2.69% and a net margin of 12.84%. The business’s quarterly revenue was up 14.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.31 earnings per share. On average, equities analysts forecast that American Homes 4 Rent will post 1.56 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 31st. Investors of record on Tuesday, March 15th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.69%. This is an increase from American Homes 4 Rent’s previous quarterly dividend of $0.10. The ex-dividend date was Monday, March 14th. American Homes 4 Rent’s dividend payout ratio is presently 180.00%.

In other news, Director Douglas N. Benham bought 1,275 shares of the business’s stock in a transaction that occurred on Tuesday, March 15th. The shares were purchased at an average cost of $25.41 per share, with a total value of $32,397.75. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 6.03% of the stock is owned by corporate insiders.

A number of brokerages recently issued reports on AMH. BMO Capital Markets began coverage on American Homes 4 Rent in a report on Thursday, April 14th. They issued an “outperform” rating and a $46.00 price target for the company. Jefferies Financial Group began coverage on American Homes 4 Rent in a report on Wednesday. They issued a “buy” rating and a $48.00 price target for the company. StockNews.com began coverage on American Homes 4 Rent in a report on Thursday, March 31st. They issued a “hold” rating for the company. Morgan Stanley lowered their price target on American Homes 4 Rent from $43.50 to $41.00 and set an “equal weight” rating for the company in a report on Friday, March 11th. Finally, Zacks Investment Research lowered American Homes 4 Rent from a “buy” rating to a “hold” rating in a report on Wednesday, March 23rd. Nine investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, American Homes 4 Rent has a consensus rating of “Buy” and a consensus target price of $44.94.

About American Homes 4 Rent (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.

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

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