Jane Street Group LLC Reduces Position in American Homes 4 Rent (AMH)

Jane Street Group LLC lowered its stake in shares of American Homes 4 Rent (NYSE:AMH) by 86.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,555 shares of the real estate investment trust’s stock after selling 146,214 shares during the period. Jane Street Group LLC’s holdings in American Homes 4 Rent were worth $448,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in American Homes 4 Rent by 3.4% in the 3rd 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 period. Vanguard Group Inc lifted its holdings in shares of American Homes 4 Rent by 3.4% during the 3rd quarter. Vanguard Group Inc now owns 37,392,589 shares of the real estate investment trust’s stock worth $818,524,000 after acquiring an additional 1,212,586 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of American Homes 4 Rent by 0.3% during the 4th quarter. BlackRock Inc. now owns 19,602,631 shares of the real estate investment trust’s stock worth $389,112,000 after acquiring an additional 49,396 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of American Homes 4 Rent by 66.7% during the 4th quarter. Principal Financial Group Inc. now owns 8,822,797 shares of the real estate investment trust’s stock worth $175,132,000 after acquiring an additional 3,528,968 shares during the last quarter. Finally, CI Investments Inc. lifted its holdings in shares of American Homes 4 Rent by 0.7% during the 3rd quarter. CI Investments Inc. now owns 7,238,968 shares of the real estate investment trust’s stock worth $158,461,000 after acquiring an additional 51,651 shares during the last quarter. Institutional investors and hedge funds own 86.57% of the company’s stock.

In related news, insider David Goldberg sold 74,586 shares of the business’s stock in a transaction dated Thursday, February 28th. The shares were sold at an average price of $22.06, for a total transaction of $1,645,367.16. Following the transaction, the insider now owns 100 shares in the company, valued at $2,206. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Bryan Smith sold 4,544 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $22.62, for a total transaction of $102,785.28. The disclosure for this sale can be found here. Insiders have sold 792,005 shares of company stock worth $17,851,897 in the last quarter. 27.58% of the stock is owned by corporate insiders.

Shares of AMH stock traded up $0.27 during mid-day trading on Friday, reaching $24.28. The stock had a trading volume of 1,435,817 shares, compared to its average volume of 2,128,904. American Homes 4 Rent has a 52-week low of $18.91 and a 52-week high of $24.43. The stock has a market capitalization of $7.20 billion, a price-to-earnings ratio of 22.91, a PEG ratio of 2.17 and a beta of 0.74. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.47.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.21). American Homes 4 Rent had a net margin of 10.09% and a return on equity of 1.83%. The firm had revenue of $279.20 million during the quarter, compared to analysts’ expectations of $275.90 million. During the same quarter in the previous year, the firm posted $0.24 EPS. American Homes 4 Rent’s revenue was up 8.2% compared to the same quarter last year. Equities analysts predict that American Homes 4 Rent will post 1.12 EPS for the current year.

A number of research firms have recently issued reports on AMH. ValuEngine raised shares of American Homes 4 Rent from a “hold” rating to a “buy” rating in a report on Wednesday. Zacks Investment Research downgraded shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Tuesday, April 23rd. Finally, Wells Fargo & Co reaffirmed a “hold” rating on shares of American Homes 4 Rent in a report on Thursday, March 14th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $23.83.

ILLEGAL ACTIVITY WARNING: “Jane Street Group LLC Reduces Position in American Homes 4 Rent (AMH)” was first reported by Baseball Daily News and is owned by of Baseball Daily News. If you are reading this report on another publication, it was stolen and reposted in violation of US and international copyright & trademark laws. The original version of this report can be viewed at https://www.baseballdailydigest.com/news/2019/05/04/american-homes-4-rent-amh-shares-sold-by-jane-street-group-llc.html.

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.

See Also: Strike Price

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

Receive News & Ratings for American Homes 4 Rent Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Homes 4 Rent and related companies with MarketBeat.com's FREE daily email newsletter.