American Homes 4 Rent (NYSE:AMH) Shares Acquired by Citigroup Inc.

Citigroup Inc. grew its holdings in American Homes 4 Rent (NYSE:AMH) by 42.3% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 310,616 shares of the real estate investment trust’s stock after acquiring an additional 92,333 shares during the quarter. Citigroup Inc. owned about 0.10% of American Homes 4 Rent worth $7,057,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Teza Capital Management LLC purchased a new position in American Homes 4 Rent in the 1st quarter valued at approximately $395,000. Principal Financial Group Inc. increased its stake in American Homes 4 Rent by 10.9% in the 1st quarter. Principal Financial Group Inc. now owns 9,784,600 shares of the real estate investment trust’s stock valued at $222,306,000 after purchasing an additional 961,803 shares in the last quarter. HGI Capital Management LLC purchased a new position in American Homes 4 Rent in the 1st quarter valued at approximately $5,659,000. Swiss National Bank increased its stake in American Homes 4 Rent by 3.2% in the 1st quarter. Swiss National Bank now owns 485,317 shares of the real estate investment trust’s stock valued at $11,026,000 after purchasing an additional 15,200 shares in the last quarter. Finally, BlackRock Inc. increased its stake in American Homes 4 Rent by 4.7% in the 1st quarter. BlackRock Inc. now owns 20,522,380 shares of the real estate investment trust’s stock valued at $466,268,000 after purchasing an additional 919,749 shares in the last quarter. Institutional investors and hedge funds own 87.24% of the company’s stock.

In other American Homes 4 Rent news, insider Bryan Smith sold 50,000 shares of the business’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $24.81, for a total transaction of $1,240,500.00. Following the transaction, the insider now owns 75,054 shares in the company, valued at $1,862,089.74. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO David P. Singelyn sold 1,040,000 shares of the business’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $23.67, for a total value of $24,616,800.00. Following the transaction, the chief executive officer now owns 100 shares in the company, valued at approximately $2,367. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,334,878 shares of company stock worth $79,376,533. 27.58% of the stock is currently owned by insiders.

Several equities analysts recently weighed in on the company. Citigroup downgraded American Homes 4 Rent from a “buy” rating to a “neutral” rating and set a $25.00 price objective for the company. in a research note on Tuesday, June 11th. Zacks Investment Research downgraded American Homes 4 Rent from a “buy” rating to a “hold” rating in a research report on Thursday, May 23rd. ValuEngine raised American Homes 4 Rent from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. BTIG Research set a $26.00 price target on American Homes 4 Rent and gave the stock a “buy” rating in a research report on Tuesday, May 14th. Finally, Wells Fargo & Co reaffirmed a “hold” rating on shares of American Homes 4 Rent in a research report on Thursday, March 14th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. American Homes 4 Rent presently has a consensus rating of “Buy” and an average price target of $24.50.

American Homes 4 Rent stock traded up $0.11 during midday trading on Monday, reaching $24.42. The stock had a trading volume of 1,246,500 shares, compared to its average volume of 2,054,682. American Homes 4 Rent has a twelve month low of $18.91 and a twelve month high of $25.50. The stock has a market capitalization of $7.29 billion, a PE ratio of 23.04, a PEG ratio of 2.11 and a beta of 0.61. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.30 and a quick ratio of 1.30. The firm has a 50-day moving average price of $24.43.

American Homes 4 Rent (NYSE:AMH) last issued its 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). American Homes 4 Rent had a net margin of 10.78% and a return on equity of 1.98%. The firm had revenue of $279.20 million during the quarter, compared to analyst estimates of $275.90 million. During the same quarter in the previous year, the business posted $0.24 EPS. American Homes 4 Rent’s revenue was up 8.2% compared to the same quarter last year. Analysts predict that American Homes 4 Rent will post 1.11 EPS for the current year.

The business 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 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend is Thursday, June 13th. American Homes 4 Rent’s dividend payout ratio is presently 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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