Franklin Resources Inc. lifted its stake in American Homes 4 Rent (NYSE:AMH) by 0.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 827,541 shares of the real estate investment trust’s stock after purchasing an additional 5,136 shares during the quarter. Franklin Resources Inc. owned about 0.32% of American Homes 4 Rent worth $18,678,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of American Homes 4 Rent by 7.3% in the 1st quarter. Vanguard Group Inc. now owns 35,133,842 shares of the real estate investment trust’s stock worth $806,673,000 after purchasing an additional 2,386,955 shares in the last quarter. BlackRock Inc. boosted its position in shares of American Homes 4 Rent by 3,164.1% in the 1st quarter. BlackRock Inc. now owns 13,072,212 shares of the real estate investment trust’s stock worth $300,137,000 after purchasing an additional 12,671,722 shares in the last quarter. State Street Corp boosted its position in shares of American Homes 4 Rent by 18.2% in the 1st quarter. State Street Corp now owns 6,066,593 shares of the real estate investment trust’s stock worth $139,286,000 after purchasing an additional 935,598 shares in the last quarter. AEW Capital Management L P boosted its position in shares of American Homes 4 Rent by 17.9% in the 2nd quarter. AEW Capital Management L P now owns 3,876,911 shares of the real estate investment trust’s stock worth $91,272,000 after purchasing an additional 588,800 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of American Homes 4 Rent by 4.4% in the 1st quarter. Renaissance Technologies LLC now owns 3,619,546 shares of the real estate investment trust’s stock worth $83,105,000 after purchasing an additional 153,505 shares in the last quarter. 93.74% of the stock is currently owned by hedge funds and other institutional investors.

AMH has been the topic of a number of analyst reports. Evercore ISI initiated coverage on American Homes 4 Rent in a research report on Monday, June 5th. They issued an “in-line” rating and a $24.50 price target on the stock. BidaskClub raised American Homes 4 Rent from a “hold” rating to a “buy” rating in a research report on Saturday, June 24th. Mizuho raised American Homes 4 Rent from a “neutral” rating to a “buy” rating and set a $25.50 price target on the stock in a research report on Monday, July 10th. Zacks Investment Research cut American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Monday, July 10th. Finally, TheStreet raised American Homes 4 Rent from a “c” rating to a “b” rating in a research report on Friday, August 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $24.83.

American Homes 4 Rent (NYSE:AMH) opened at 21.92 on Friday. The company’s market capitalization is $5.71 billion. American Homes 4 Rent has a 52-week low of $19.63 and a 52-week high of $23.98. The company has a 50-day moving average price of $22.34 and a 200 day moving average price of $22.68.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $237.00 million during the quarter, compared to analysts’ expectations of $236.28 million. During the same period in the prior year, the firm posted $0.25 earnings per share. American Homes 4 Rent’s revenue for the quarter was up 7.6% compared to the same quarter last year. Equities research analysts anticipate that American Homes 4 Rent will post $0.05 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.91%. The ex-dividend date is Thursday, September 14th. American Homes 4 Rent’s dividend payout ratio is currently -181.82%.

In other news, Director B Wayne Et Al Hughes purchased 1,372,200 shares of the business’s stock in a transaction on Thursday, September 14th. The shares were acquired at an average cost of $21.84 per share, with a total value of $29,968,848.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 27.82% of the stock is currently owned by insiders.

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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.

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

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