Westwood Holdings Group Inc. trimmed its position in American Homes 4 Rent (NYSE:AMH) by 8.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,097,486 shares of the real estate investment trust’s stock after selling 102,066 shares during the period. Westwood Holdings Group Inc.’s holdings in American Homes 4 Rent were worth $24,935,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc grew its position in shares of American Homes 4 Rent by 3.4% in the third quarter. Vanguard Group Inc now owns 37,392,589 shares of the real estate investment trust’s stock valued at $818,524,000 after purchasing an additional 1,212,586 shares during the last quarter. BlackRock Inc. boosted its stake in shares of American Homes 4 Rent by 4.7% in the first quarter. BlackRock Inc. now owns 20,522,380 shares of the real estate investment trust’s stock valued at $466,268,000 after buying an additional 919,749 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of American Homes 4 Rent by 35.4% in the first quarter. JPMorgan Chase & Co. now owns 14,029,048 shares of the real estate investment trust’s stock valued at $318,739,000 after buying an additional 3,671,347 shares during the period. Principal Financial Group Inc. boosted its stake in shares of American Homes 4 Rent by 10.9% in the first quarter. Principal Financial Group Inc. now owns 9,784,600 shares of the real estate investment trust’s stock valued at $222,306,000 after buying an additional 961,803 shares during the period. Finally, Lasalle Investment Management Securities LLC boosted its stake in shares of American Homes 4 Rent by 64.7% in the fourth quarter. Lasalle Investment Management Securities LLC now owns 5,920,993 shares of the real estate investment trust’s stock valued at $117,532,000 after buying an additional 2,325,445 shares during the period. Institutional investors own 87.43% of the company’s stock.

NYSE AMH traded up $0.11 on Wednesday, hitting $24.83. 1,145,360 shares of the company’s stock were exchanged, compared to its average volume of 2,081,779. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.30 and a quick ratio of 1.30. American Homes 4 Rent has a 52 week low of $18.91 and a 52 week high of $25.02. The stock has a market capitalization of $7.43 billion, a PE ratio of 23.42, a PEG ratio of 2.16 and a beta of 0.65.

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

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be issued a $0.05 dividend. The ex-dividend date is Thursday, June 13th. This represents a $0.20 dividend on an annualized basis and a yield of 0.81%. American Homes 4 Rent’s payout ratio is 18.87%.

In other American Homes 4 Rent news, insider David Goldberg sold 80,301 shares of the stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $24.00, for a total transaction of $1,927,224.00. Following the completion of the sale, the insider now directly owns 107,103 shares in the company, valued at approximately $2,570,472. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO David P. Singelyn sold 1,040,000 shares of the stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $23.67, for a total value of $24,616,800.00. Following the sale, the chief executive officer now owns 100 shares of the company’s stock, valued at $2,367. The disclosure for this sale can be found here. Insiders sold 3,639,878 shares of company stock valued at $86,208,533 over the last 90 days. 27.58% of the stock is currently owned by company insiders.

Several equities research analysts recently issued reports on AMH shares. Wells Fargo & Co reiterated a “hold” rating on shares of American Homes 4 Rent in a research note on Thursday, March 14th. Zacks Investment Research cut American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Monday, April 1st. ValuEngine cut American Homes 4 Rent from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Finally, Mizuho upgraded 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 note on Tuesday, February 26th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $24.50.

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About American Homes 4 Rent

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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