Burgundy Asset Management Ltd. Increases Holdings in American Homes 4 Rent (NYSE:AMH)

Burgundy Asset Management Ltd. raised its stake in shares of American Homes 4 Rent (NYSE:AMHGet Rating) by 1.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,328,148 shares of the real estate investment trust’s stock after buying an additional 51,538 shares during the period. American Homes 4 Rent comprises approximately 1.8% of Burgundy Asset Management Ltd.’s holdings, making the stock its 18th largest position. Burgundy Asset Management Ltd.’s holdings in American Homes 4 Rent were worth $188,751,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in AMH. Goldman Sachs Group Inc. grew its position in shares of American Homes 4 Rent by 61.2% during the 3rd quarter. Goldman Sachs Group Inc. now owns 5,334,923 shares of the real estate investment trust’s stock valued at $203,368,000 after acquiring an additional 2,024,902 shares during the period. Millennium Management LLC boosted its holdings in American Homes 4 Rent by 119.9% in the 3rd quarter. Millennium Management LLC now owns 2,387,888 shares of the real estate investment trust’s stock worth $91,026,000 after buying an additional 1,302,056 shares during the period. Long Pond Capital LP boosted its holdings in American Homes 4 Rent by 44.6% in the 3rd quarter. Long Pond Capital LP now owns 3,842,184 shares of the real estate investment trust’s stock worth $146,464,000 after buying an additional 1,184,788 shares during the period. Invesco Ltd. boosted its holdings in American Homes 4 Rent by 32.7% in the 3rd quarter. Invesco Ltd. now owns 4,418,197 shares of the real estate investment trust’s stock worth $168,421,000 after buying an additional 1,087,938 shares during the period. Finally, Balyasny Asset Management LLC boosted its holdings in American Homes 4 Rent by 332.7% in the 3rd quarter. Balyasny Asset Management LLC now owns 1,244,806 shares of the real estate investment trust’s stock worth $47,452,000 after buying an additional 957,142 shares during the period. Institutional investors and hedge funds own 88.49% of the company’s stock.

Shares of NYSE AMH traded up $1.57 during mid-day trading on Friday, hitting $37.50. 5,148,644 shares of the company’s stock traded hands, compared to its average volume of 2,959,169. The company’s 50-day moving average is $39.65 and its two-hundred day moving average is $40.10. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.64 and a quick ratio of 0.68. The company has a market capitalization of $13.06 billion, a P/E ratio of 79.79, a PEG ratio of 3.06 and a beta of 0.58. American Homes 4 Rent has a 1 year low of $34.79 and a 1 year high of $44.07.

American Homes 4 Rent (NYSE:AMHGet Rating) last announced its earnings results on Thursday, May 5th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.05. The firm had revenue of $356.11 million for the quarter, compared to analysts’ expectations of $355.76 million. American Homes 4 Rent had a net margin of 13.74% and a return on equity of 3.05%. The business’s revenue was up 13.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.32 EPS. Equities analysts anticipate that American Homes 4 Rent will post 1.56 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 30th. Investors of record on Wednesday, June 15th will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend is Tuesday, June 14th. American Homes 4 Rent’s dividend payout ratio (DPR) is currently 153.19%.

In other news, Director Douglas N. Benham acquired 1,275 shares of American Homes 4 Rent stock in a transaction that occurred on Tuesday, March 15th. The shares were bought at an average cost of $25.41 per share, with a total value of $32,397.75. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 6.03% of the company’s stock.

AMH has been the subject of several recent analyst reports. Credit Suisse Group upped their target price on shares of American Homes 4 Rent from $42.00 to $44.00 and gave the stock a “neutral” rating in a report on Monday, April 25th. B. Riley dropped their target price on shares of American Homes 4 Rent from $47.00 to $43.00 in a report on Wednesday. KeyCorp assumed coverage on shares of American Homes 4 Rent in a report on Tuesday, February 1st. They issued a “sector weight” rating for the company. Morgan Stanley dropped their price objective on shares of 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, Jefferies Financial Group began coverage on shares of American Homes 4 Rent in a report on Wednesday, April 20th. They set a “buy” rating and a $48.00 price objective for the company. One analyst has rated the stock with a sell rating, eight have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $45.06.

American Homes 4 Rent Company Profile (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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