First Quadrant L P CA Maintains Stake in American Homes 4 Rent (NYSE:AMH)

First Quadrant L P CA continued to hold its position in American Homes 4 Rent (NYSE:AMH) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,900 shares of the real estate investment trust’s stock at the end of the second quarter. First Quadrant L P CA’s holdings in American Homes 4 Rent were worth $269,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. State of Alaska Department of Revenue boosted its position in American Homes 4 Rent by 3.0% in the second quarter. State of Alaska Department of Revenue now owns 145,110 shares of the real estate investment trust’s stock valued at $3,274,000 after buying an additional 4,200 shares during the period. Bank of Montreal Can boosted its position in American Homes 4 Rent by 249.3% in the second quarter. Bank of Montreal Can now owns 428,244 shares of the real estate investment trust’s stock valued at $9,666,000 after buying an additional 305,641 shares during the period. Nomura Asset Management Co. Ltd. boosted its position in American Homes 4 Rent by 0.6% in the first quarter. Nomura Asset Management Co. Ltd. now owns 149,466 shares of the real estate investment trust’s stock valued at $3,431,000 after buying an additional 850 shares during the period. Skandinaviska Enskilda Banken AB publ bought a new position in American Homes 4 Rent during the first quarter valued at about $305,000. Finally, Public Employees Retirement System of Ohio boosted its position in American Homes 4 Rent by 1.0% in the first quarter. Public Employees Retirement System of Ohio now owns 479,367 shares of the real estate investment trust’s stock valued at $11,006,000 after buying an additional 4,590 shares during the period. Institutional investors and hedge funds own 92.20% of the company’s stock.

Shares of American Homes 4 Rent (AMH) opened at 22.74 on Friday. The firm’s market capitalization is $5.92 billion. American Homes 4 Rent has a 1-year low of $19.63 and a 1-year high of $23.98. The company’s 50-day moving average is $22.71 and its 200 day moving average is $22.80.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.22 EPS for the quarter, missing the consensus estimate of $0.26 by $0.04. American Homes 4 Rent had a return on equity of 0.70% and a net margin of 3.82%. The business had revenue of $237 million for the quarter, compared to analyst estimates of $236.28 million. During the same quarter in the prior year, the firm earned $0.25 EPS. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. On average, analysts expect that American Homes 4 Rent will post $0.05 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.88%. The ex-dividend date is Thursday, September 14th. American Homes 4 Rent’s dividend payout ratio is -181.82%.

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Several research firms have recently issued reports on AMH. Zacks Investment Research cut shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Tuesday. BidaskClub cut shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Friday, August 11th. TheStreet upgraded shares of American Homes 4 Rent from a “c” rating to a “b” rating in a report on Friday, August 4th. Mizuho raised shares of American Homes 4 Rent from a “neutral” rating to a “buy” rating and set a $25.50 target price for the company in a research note on Monday, July 10th. Finally, Evercore ISI began coverage on shares of American Homes 4 Rent in a research note on Monday, June 5th. They set an “in-line” rating and a $24.50 target price for the company. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $25.00.

In other news, insider Bryan Smith sold 12,432 shares of American Homes 4 Rent stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $22.40, for a total transaction of $278,476.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 27.82% of the stock is owned by insiders.

About American Homes 4 Rent

American Homes 4 Rent is an internally managed real estate investment trust (REIT) focused on acquiring, renovating, leasing and operating single-family homes as rental properties. The Company’s primary objective is to generate attractive risk-adjusted returns for its shareholders through dividends and capital appreciation by acquiring, renovating, leasing and operating single-family homes as rental properties.

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

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