Cambiar Investors LLC reduced its holdings in American Homes 4 Rent (NYSE:AMH) by 28.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 142,262 shares of the real estate investment trust’s stock after selling 57,425 shares during the quarter. Cambiar Investors LLC’s holdings in American Homes 4 Rent were worth $3,232,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AMH. Quadrant Capital Group LLC lifted its stake in shares of American Homes 4 Rent by 130.3% in the first quarter. Quadrant Capital Group LLC now owns 3,986 shares of the real estate investment trust’s stock valued at $87,000 after buying an additional 2,255 shares in the last quarter. Penserra Capital Management LLC acquired a new position in American Homes 4 Rent during the first quarter worth $102,000. Solstein Capital LLC acquired a new position in American Homes 4 Rent during the first quarter worth $136,000. Pearl River Capital LLC acquired a new position in American Homes 4 Rent during the first quarter worth $202,000. Finally, Renaissance Group LLC acquired a new position in American Homes 4 Rent during the first quarter worth $205,000. Institutional investors and hedge funds own 87.43% of the company’s stock.
Shares of NYSE AMH traded down $0.08 during midday trading on Friday, hitting $24.72. 1,217,600 shares of the company’s stock were exchanged, compared to its average volume of 2,062,707. The firm has a market capitalization of $7.40 billion, a PE ratio of 23.32, a price-to-earnings-growth ratio of 2.14 and a beta of 0.65. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.30 and a current ratio of 1.30. American Homes 4 Rent has a twelve month low of $18.91 and a twelve month high of $25.02.
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 paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.81%. The ex-dividend date is Thursday, June 13th. American Homes 4 Rent’s payout ratio is currently 18.87%.
AMH has been the subject of a number of research reports. Wells Fargo & Co reaffirmed a “hold” rating on shares of American Homes 4 Rent in a research note on Thursday, March 14th. ValuEngine lowered shares of American Homes 4 Rent from a “buy” rating to a “hold” rating in a research note on Monday, April 1st. Zacks Investment Research lowered shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Tuesday, April 23rd. Finally, BTIG Research set a $26.00 price target on shares of American Homes 4 Rent and gave the company a “buy” rating in a research note on Tuesday, May 14th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $24.50.
In related news, EVP Stephanie G. Heim sold 1,600 shares of the stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $23.87, for a total value of $38,192.00. Following the completion of the transaction, the executive vice president now directly owns 60,204 shares of the company’s stock, valued at approximately $1,437,069.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Stephanie G. Heim sold 5,000 shares of the stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $25.50, for a total value of $127,500.00. The disclosure for this sale can be found here. Insiders have sold 3,339,878 shares of company stock worth $79,504,033 in the last 90 days. 27.58% of the stock is currently owned by insiders.
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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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