HGI Capital Management LLC Decreases Stock Holdings in American Homes 4 Rent (NYSE:AMH)

HGI Capital Management LLC trimmed its stake in shares of American Homes 4 Rent (NYSE:AMH) by 12.8% in the 2nd quarter, Holdings Channel reports. The firm owned 217,129 shares of the real estate investment trust’s stock after selling 31,933 shares during the period. American Homes 4 Rent accounts for approximately 2.4% of HGI Capital Management LLC’s holdings, making the stock its 12th biggest position. HGI Capital Management LLC’s holdings in American Homes 4 Rent were worth $5,278,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC purchased a new position in shares of American Homes 4 Rent during the second quarter valued at approximately $78,000. Quadrant Capital Group LLC raised its holdings in shares of American Homes 4 Rent by 130.3% during the first quarter. Quadrant Capital Group LLC now owns 3,986 shares of the real estate investment trust’s stock valued at $87,000 after purchasing an additional 2,255 shares during the last quarter. Penserra Capital Management LLC purchased a new position in shares of American Homes 4 Rent during the first quarter valued at approximately $102,000. Solstein Capital LLC purchased a new position in shares of American Homes 4 Rent during the first quarter valued at approximately $136,000. Finally, Exane Derivatives raised its holdings in shares of American Homes 4 Rent by 1,631.7% during the second quarter. Exane Derivatives now owns 8,035 shares of the real estate investment trust’s stock valued at $195,000 after purchasing an additional 7,571 shares during the last quarter. 87.15% of the stock is owned by hedge funds and other institutional investors.

AMH has been the subject of several research reports. ValuEngine cut shares of American Homes 4 Rent from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. BTIG Research cut shares of American Homes 4 Rent from a “buy” rating to a “neutral” rating in a report on Thursday, August 1st. They noted that the move was a valuation call. Zacks Investment Research cut shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. Finally, Citigroup lowered shares of American Homes 4 Rent from a “buy” rating to a “neutral” rating and set a $25.00 target price for the company. in a research report on Tuesday, June 11th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $24.50.

In other American Homes 4 Rent news, COO Jack E. Corrigan sold 73,327 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $23.76, for a total value of $1,742,249.52. Following the completion of the transaction, the chief operating officer now directly owns 100 shares in the company, valued at $2,376. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO David P. Singelyn sold 1,040,000 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $23.67, for a total transaction of $24,616,800.00. Following the completion of the transaction, 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 have sold 2,940,597 shares of company stock valued at $69,897,727 over the last 90 days. 27.58% of the stock is currently owned by company insiders.

NYSE AMH traded up $0.34 during trading hours on Tuesday, hitting $24.33. 64,197 shares of the company’s stock traded hands, compared to its average volume of 1,902,208. The stock has a fifty day simple moving average of $24.92. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.30 and a quick ratio of 1.30. The firm has a market capitalization of $7.26 billion, a price-to-earnings ratio of 22.95, a P/E/G ratio of 2.01 and a beta of 0.62. American Homes 4 Rent has a 52 week low of $18.91 and a 52 week high of $26.00.

American Homes 4 Rent (NYSE:AMH) last announced its earnings results on Monday, July 29th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.19). The business had revenue of $281.90 million for the quarter, compared to the consensus estimate of $279.04 million. American Homes 4 Rent had a net margin of 10.02% and a return on equity of 1.86%. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.27 earnings per share. As a group, equities analysts predict that American Homes 4 Rent will post 1.11 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $0.20 annualized dividend and a yield of 0.82%. American Homes 4 Rent’s dividend payout ratio (DPR) is 18.87%.

American Homes 4 Rent Company Profile

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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