CIBC Asset Management Inc acquired a new stake in shares of American Homes 4 Rent (NYSE:AMH) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 9,319 shares of the real estate investment trust’s stock, valued at approximately $202,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. PNC Financial Services Group Inc. boosted its stake in American Homes 4 Rent by 169.5% in the first quarter. PNC Financial Services Group Inc. now owns 5,442 shares of the real estate investment trust’s stock valued at $125,000 after acquiring an additional 3,423 shares in the last quarter. Public Employees Retirement Association of Colorado boosted its stake in American Homes 4 Rent by 35.0% in the second quarter. Public Employees Retirement Association of Colorado now owns 7,125 shares of the real estate investment trust’s stock valued at $161,000 after acquiring an additional 1,848 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in American Homes 4 Rent by 7.7% in the second quarter. The Manufacturers Life Insurance Company now owns 7,247 shares of the real estate investment trust’s stock valued at $164,000 after acquiring an additional 515 shares in the last quarter. QCM Cayman Ltd. acquired a new stake in American Homes 4 Rent in the second quarter valued at approximately $203,000. Finally, Old Mutual Global Investors UK Ltd. acquired a new stake in American Homes 4 Rent in the second quarter valued at approximately $219,000. Institutional investors own 86.05% of the company’s stock.

In other American Homes 4 Rent news, Director B Wayne Et Al Hughes bought 1,372,200 shares of American Homes 4 Rent stock in a transaction that occurred on Thursday, September 14th. The stock was purchased at an average price of $21.84 per share, with a total value of $29,968,848.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In the last three months, insiders have purchased 1,766,855 shares of company stock valued at $38,597,023. 27.82% of the stock is currently owned by corporate insiders.

American Homes 4 Rent (AMH) opened at $21.85 on Wednesday. The stock has a market cap of $6,207.88, a price-to-earnings ratio of 21.02, a price-to-earnings-growth ratio of 1.83 and a beta of 0.69. American Homes 4 Rent has a fifty-two week low of $19.62 and a fifty-two week high of $23.98. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.40.

American Homes 4 Rent (NYSE:AMH) last issued its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.25. American Homes 4 Rent had a net margin of 6.56% and a return on equity of 1.15%. The firm had revenue of $246.80 million during the quarter, compared to analysts’ expectations of $247.96 million. During the same quarter last year, the company posted $0.24 earnings per share. The firm’s revenue was up 4.5% compared to the same quarter last year. sell-side analysts expect that American Homes 4 Rent will post 1.03 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Tuesday, January 2nd will be issued a dividend of $0.05 per share. The ex-dividend date is Friday, December 29th. This represents a $0.20 annualized dividend and a dividend yield of 0.92%. American Homes 4 Rent’s dividend payout ratio (DPR) is presently -2,000.00%.

Several brokerages have weighed in on AMH. B. Riley set a $26.00 target price on shares of American Homes 4 Rent and gave the company a “buy” rating in a research note on Tuesday, November 14th. Citigroup Inc. began coverage on shares of American Homes 4 Rent in a research note on Friday, October 20th. They issued a “buy” rating and a $25.00 target price for the company. BTIG Research began coverage on shares of American Homes 4 Rent in a research note on Monday, October 9th. They issued a “buy” rating and a $26.00 target price for the company. FBR & Co restated a “buy” rating and issued a $26.00 target price on shares of American Homes 4 Rent in a research note on Friday, September 29th. Finally, BidaskClub downgraded shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Friday, August 25th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. American Homes 4 Rent has an average rating of “Hold” and a consensus target price of $25.13.

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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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