Pensionfund Sabic Raises Stock Holdings in American Homes 4 Rent (NYSE:AMH)


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Pensionfund Sabic raised its position in American Homes 4 Rent (NYSE:AMH) by 5.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 46,500 shares of the real estate investment trust’s stock after buying an additional 2,500 shares during the quarter. Pensionfund Sabic’s holdings in American Homes 4 Rent were worth $1,550,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. PGGM Investments increased its holdings in shares of American Homes 4 Rent by 37.0% in the fourth quarter. PGGM Investments now owns 14,046,257 shares of the real estate investment trust’s stock valued at $421,388,000 after purchasing an additional 3,796,613 shares during the period. Long Pond Capital LP acquired a new position in shares of American Homes 4 Rent in the fourth quarter valued at approximately $101,152,000. Norges Bank acquired a new position in shares of American Homes 4 Rent in the fourth quarter valued at approximately $71,613,000. BlackRock Inc. increased its holdings in shares of American Homes 4 Rent by 7.8% in the fourth quarter. BlackRock Inc. now owns 22,003,185 shares of the real estate investment trust’s stock valued at $660,095,000 after purchasing an additional 1,585,629 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in shares of American Homes 4 Rent by 8.4% in the fourth quarter. Principal Financial Group Inc. now owns 19,753,156 shares of the real estate investment trust’s stock valued at $592,596,000 after purchasing an additional 1,526,800 shares during the period. Institutional investors own 89.80% of the company’s stock.

NYSE:AMH opened at $34.20 on Thursday. The company has a market capitalization of $10.83 billion, a PE ratio of 126.67, a price-to-earnings-growth ratio of 1.84 and a beta of 0.56. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.44. American Homes 4 Rent has a 52-week low of $22.00 and a 52-week high of $34.50. The stock has a fifty day simple moving average of $32.02 and a 200-day simple moving average of $30.24.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings results on Thursday, February 25th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.03. American Homes 4 Rent had a return on equity of 2.23% and a net margin of 11.72%. As a group, equities analysts anticipate that American Homes 4 Rent will post 1.14 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 31st. Stockholders of record on Monday, March 15th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.17%. The ex-dividend date was Friday, March 12th. This is an increase from American Homes 4 Rent’s previous quarterly dividend of $0.05. American Homes 4 Rent’s payout ratio is 36.04%.

A number of research analysts have recently issued reports on AMH shares. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell boosted their target price on American Homes 4 Rent from $28.00 to $31.00 in a report on Tuesday, December 15th. TheStreet raised American Homes 4 Rent from a “c+” rating to a “b-” rating in a report on Monday, March 1st. Morgan Stanley boosted their target price on American Homes 4 Rent from $32.00 to $33.00 and gave the company an “equal weight” rating in a report on Tuesday, March 9th. Royal Bank of Canada started coverage on American Homes 4 Rent in a report on Tuesday, March 30th. They set an “outperform” rating and a $37.00 price objective on the stock. Finally, Wells Fargo & Company raised American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and set a $35.00 target price for the company in a report on Thursday, December 10th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $32.00.

In other American Homes 4 Rent news, COO Bryan Smith sold 8,078 shares of American Homes 4 Rent stock in a transaction dated Tuesday, March 16th. The stock was sold at an average price of $32.43, for a total value of $261,969.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David P. Singelyn sold 94,364 shares of American Homes 4 Rent stock in a transaction dated Friday, March 19th. The shares were sold at an average price of $32.52, for a total value of $3,068,717.28. The disclosure for this sale can be found here. Insiders have sold a total of 316,092 shares of company stock valued at $10,230,812 in the last ninety days. Corporate insiders own 21.86% of the company’s stock.

About American Homes 4 Rent

American Homes 4 Rent operates as a real estate investment trust. It engages in the acquisition, renovation, leasing, and operating single-family home as rental properties. The company was founded by Bradley Wayne Hughes, Sr. on October 19, 2012 and is headquartered in Agoura Hills, CA.

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

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