American Homes 4 Rent (AMH) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. decreased its stake in American Homes 4 Rent (NYSE:AMH) by 1.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 315,000 shares of the real estate investment trust’s stock after selling 5,000 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.11% of American Homes 4 Rent worth $7,157,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in AMH. Utah Retirement Systems boosted its position in American Homes 4 Rent by 1.1% during the fourth quarter. Utah Retirement Systems now owns 53,932 shares of the real estate investment trust’s stock worth $1,071,000 after acquiring an additional 600 shares during the last quarter. First Hawaiian Bank boosted its position in American Homes 4 Rent by 8.6% during the fourth quarter. First Hawaiian Bank now owns 9,290 shares of the real estate investment trust’s stock worth $184,000 after acquiring an additional 732 shares during the last quarter. State of Alaska Department of Revenue boosted its position in American Homes 4 Rent by 0.9% during the first quarter. State of Alaska Department of Revenue now owns 113,289 shares of the real estate investment trust’s stock worth $2,572,000 after acquiring an additional 1,009 shares during the last quarter. BOKF NA boosted its position in American Homes 4 Rent by 3.2% during the fourth quarter. BOKF NA now owns 40,198 shares of the real estate investment trust’s stock worth $798,000 after acquiring an additional 1,231 shares during the last quarter. Finally, Investec Asset Management PTY Ltd boosted its position in American Homes 4 Rent by 3.0% during the first quarter. Investec Asset Management PTY Ltd now owns 68,000 shares of the real estate investment trust’s stock worth $1,545,000 after acquiring an additional 2,000 shares during the last quarter. Institutional investors and hedge funds own 88.04% of the company’s stock.

AMH has been the topic of a number of recent research reports. Wells Fargo & Co restated a “hold” rating on shares of American Homes 4 Rent in a research report on Thursday, March 14th. ValuEngine lowered shares of American Homes 4 Rent from a “buy” rating to a “hold” rating in a research report on Monday, April 1st. Zacks Investment Research upgraded shares of American Homes 4 Rent from a “sell” rating to a “hold” rating in a research report on Tuesday, February 12th. Finally, BTIG Research set a $26.00 price target on shares of American Homes 4 Rent and gave the stock a “buy” rating in a research report on Tuesday. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. American Homes 4 Rent currently has a consensus rating of “Buy” and a consensus price target of $24.43.

In other news, EVP Stephanie G. Heim sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $25.50, for a total value of $127,500.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Stephanie G. Heim sold 8,380 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $24.10, for a total transaction of $201,958.00. Following the completion of the sale, the executive vice president now directly owns 66,984 shares in the company, valued at $1,614,314.40. The disclosure for this sale can be found here. Insiders sold a total of 3,895,912 shares of company stock worth $91,636,486 over the last three months. Insiders own 27.58% of the company’s stock.

AMH opened at $23.72 on Thursday. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.49. American Homes 4 Rent has a twelve month low of $18.91 and a twelve month high of $24.45. The stock has a market cap of $7.13 billion, a P/E ratio of 22.38, a price-to-earnings-growth ratio of 2.18 and a beta of 0.74.

American Homes 4 Rent (NYSE:AMH) last issued its earnings results on Thursday, May 2nd. The real estate investment trust reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.21). The firm had revenue of $279.20 million for the quarter, compared to analysts’ expectations of $275.90 million. American Homes 4 Rent had a return on equity of 1.98% and a net margin of 10.78%. American Homes 4 Rent’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period last year, the firm earned $0.24 earnings per share. Equities analysts predict that American Homes 4 Rent will post 1.11 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date is Thursday, June 13th. American Homes 4 Rent’s dividend payout ratio (DPR) is 18.87%.

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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.

Further Reading: What are CEFs?

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

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