Crestline Management LP Takes $8.92 Million Position in American Homes 4 Rent (AMH)

Crestline Management LP bought a new stake in American Homes 4 Rent (NYSE:AMH) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 449,400 shares of the real estate investment trust’s stock, valued at approximately $8,921,000. American Homes 4 Rent makes up approximately 1.3% of Crestline Management LP’s investment portfolio, making the stock its 3rd biggest holding. Crestline Management LP owned approximately 0.15% of American Homes 4 Rent at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AMH. Bank of New York Mellon Corp raised its position in American Homes 4 Rent by 8.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,488,697 shares of the real estate investment trust’s stock worth $55,198,000 after buying an additional 203,147 shares during the last quarter. First Trust Advisors LP raised its position in American Homes 4 Rent by 126.3% during the 3rd quarter. First Trust Advisors LP now owns 89,149 shares of the real estate investment trust’s stock worth $1,951,000 after buying an additional 49,751 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its position in American Homes 4 Rent by 9.1% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 240,000 shares of the real estate investment trust’s stock worth $5,254,000 after buying an additional 20,000 shares during the last quarter. US Bancorp DE raised its position in American Homes 4 Rent by 149.7% during the 3rd quarter. US Bancorp DE now owns 17,581 shares of the real estate investment trust’s stock worth $386,000 after buying an additional 10,540 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its position in American Homes 4 Rent by 2.1% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 268,114 shares of the real estate investment trust’s stock worth $5,869,000 after buying an additional 5,565 shares during the last quarter. Hedge funds and other institutional investors own 86.07% of the company’s stock.

A number of equities analysts have issued reports on the stock. Zacks Investment Research lowered shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Wednesday, February 27th. ValuEngine lowered shares of American Homes 4 Rent from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. Mizuho raised 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 report on Tuesday, February 26th. Finally, Goldman Sachs Group raised 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 report on Monday, November 26th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $23.71.

NYSE:AMH opened at $22.76 on Friday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.47. The company has a market cap of $6.75 billion, a PE ratio of 21.47, a PEG ratio of 1.80 and a beta of 0.72. American Homes 4 Rent has a 1-year low of $18.91 and a 1-year high of $23.34.

American Homes 4 Rent (NYSE:AMH) last posted its earnings results on Thursday, February 21st. The real estate investment trust reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.22). The firm had revenue of $270.00 million for the quarter, compared to analysts’ expectations of $269.98 million. American Homes 4 Rent had a net margin of 10.09% and a return on equity of 1.83%. American Homes 4 Rent’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period last year, the firm earned $0.26 earnings per share. Analysts expect that American Homes 4 Rent will post 1.13 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Friday, March 15th will be issued 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 of this dividend is Thursday, March 14th. American Homes 4 Rent’s dividend payout ratio (DPR) is 18.87%.

In related news, Director Douglas N. Benham purchased 3,000 shares of the business’s stock in a transaction that occurred on Thursday, December 20th. The stock was bought at an average price of $21.00 per share, with a total value of $63,000.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Jack E. Corrigan sold 350,000 shares of the business’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $22.70, for a total transaction of $7,945,000.00. Following the completion of the sale, the chief operating officer now directly owns 100 shares of the company’s stock, valued at approximately $2,270. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 795,005 shares of company stock valued at $17,898,157. Insiders own 26.52% of the company’s stock.

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

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