American Homes 4 Rent (AMH) Shares Sold by Robeco Institutional Asset Management B.V.

American Homes 4 Rent (AMH) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. decreased its stake in American Homes 4 Rent (NYSE:AMH) by 1.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 315,000 shares of the real estate investment trust’s stock after selling 5,000 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in American Homes 4 Rent were worth $7,157,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Utah Retirement Systems boosted its holdings in shares of American Homes 4 Rent by 1.1% in the 4th quarter. Utah Retirement Systems now owns 53,932 shares of the real estate investment trust’s stock valued at $1,071,000 after buying an additional 600 shares in the last quarter. First Hawaiian Bank boosted its stake in American Homes 4 Rent by 8.6% during the 4th quarter. First Hawaiian Bank now owns 9,290 shares of the real estate investment trust’s stock worth $184,000 after purchasing an additional 732 shares during the period. State of Alaska Department of Revenue boosted its stake in American Homes 4 Rent by 0.9% during the 1st quarter. State of Alaska Department of Revenue now owns 113,289 shares of the real estate investment trust’s stock worth $2,572,000 after purchasing an additional 1,009 shares during the period. BOKF NA boosted its stake in American Homes 4 Rent by 3.2% during the 4th quarter. BOKF NA now owns 40,198 shares of the real estate investment trust’s stock worth $798,000 after purchasing an additional 1,231 shares during the period. Finally, Investec Asset Management PTY Ltd boosted its stake in American Homes 4 Rent by 3.0% during the 1st quarter. Investec Asset Management PTY Ltd now owns 68,000 shares of the real estate investment trust’s stock worth $1,545,000 after purchasing an additional 2,000 shares during the period. Institutional investors and hedge funds own 88.04% of the company’s stock.

A number of analysts recently weighed in on AMH shares. ValuEngine upgraded shares of American Homes 4 Rent from a “hold” rating to a “buy” rating in a research note on Friday, March 15th. Mizuho upgraded shares of American Homes 4 Rent from a “neutral” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Tuesday, February 26th. BTIG Research set a $26.00 price target on shares of American Homes 4 Rent and gave the stock a “buy” rating in a research note on Tuesday. Zacks Investment Research upgraded shares of American Homes 4 Rent from a “sell” rating to a “hold” rating in a research note on Monday, February 18th. Finally, Wells Fargo & Co reiterated a “hold” rating on shares of American Homes 4 Rent in a research note on Thursday, March 14th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. American Homes 4 Rent currently has an average rating of “Buy” and a consensus price target of $24.43.

Shares of NYSE:AMH opened at $23.72 on Thursday. The firm has a market cap of $7.13 billion, a P/E ratio of 22.38, a price-to-earnings-growth ratio of 2.18 and a beta of 0.74. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.49. American Homes 4 Rent has a 1-year low of $18.91 and a 1-year high of $24.45.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $0.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.21). The business had revenue of $279.20 million for the quarter, compared to analyst estimates of $275.90 million. American Homes 4 Rent had a return on equity of 1.98% and a net margin of 10.78%. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.24 EPS. As a group, research analysts expect that American Homes 4 Rent will post 1.11 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be given a dividend of $0.05 per share. The ex-dividend date is Thursday, June 13th. This represents a $0.20 dividend on an annualized basis and a yield of 0.84%. American Homes 4 Rent’s payout ratio is currently 18.87%.

In other American Homes 4 Rent news, CEO David P. Singelyn sold 1,040,000 shares of the company’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $23.67, for a total transaction of $24,616,800.00. Following the completion of the transaction, the chief executive officer now owns 100 shares in the company, valued at approximately $2,367. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Stephanie G. Heim sold 5,000 shares of the company’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $25.50, for a total transaction of $127,500.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,895,912 shares of company stock valued at $91,636,486. 27.58% of the stock is owned by insiders.

American Homes 4 Rent 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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