First Hawaiian Bank Takes Position in American Homes 4 Rent (NYSE:AMH)
First Hawaiian Bank bought a new stake in shares of American Homes 4 Rent (NYSE:AMH – Get Rating) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 15,371 shares of the real estate investment trust’s stock, valued at approximately $615,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in AMH. Charter Oak Capital Management LLC purchased a new stake in shares of American Homes 4 Rent during the fourth quarter valued at $35,000. National Bank of Canada FI purchased a new stake in shares of American Homes 4 Rent during the fourth quarter valued at $43,000. Whittier Trust Co. lifted its holdings in shares of American Homes 4 Rent by 115.8% during the fourth quarter. Whittier Trust Co. now owns 1,079 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 579 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of American Homes 4 Rent by 31.2% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,172 shares of the real estate investment trust’s stock valued at $51,000 after purchasing an additional 279 shares during the last quarter. Finally, MUFG Americas Holdings Corp lifted its holdings in shares of American Homes 4 Rent by 68.0% during the fourth quarter. MUFG Americas Holdings Corp now owns 1,581 shares of the real estate investment trust’s stock valued at $69,000 after purchasing an additional 640 shares during the last quarter. 88.49% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts recently issued reports on the company. StockNews.com downgraded American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Monday, June 13th. B. Riley reduced their price objective on American Homes 4 Rent from $47.00 to $43.00 in a research note on Wednesday, May 11th. Jefferies Financial Group assumed coverage on American Homes 4 Rent in a research note on Wednesday, April 20th. They issued a “buy” rating and a $48.00 price objective for the company. Evercore ISI set a $40.00 price objective on American Homes 4 Rent in a research note on Monday. Finally, Morgan Stanley reduced their price objective on American Homes 4 Rent from $41.00 to $39.00 and set an “equal weight” rating for the company in a research note on Friday, May 27th. One analyst has rated the stock with a sell rating, six have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, American Homes 4 Rent currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.67.
Shares of NYSE AMH opened at $33.66 on Thursday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.64 and a current ratio of 0.64. The firm has a market cap of $11.72 billion, a price-to-earnings ratio of 71.62, a P/E/G ratio of 2.71 and a beta of 0.58. The business’s 50-day simple moving average is $37.61 and its 200-day simple moving average is $39.26. American Homes 4 Rent has a 52 week low of $32.60 and a 52 week high of $44.07.
American Homes 4 Rent (NYSE:AMH – Get Rating) last issued its quarterly earnings data on Thursday, May 5th. The real estate investment trust reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.05. The business had revenue of $356.11 million for the quarter, compared to analyst estimates of $355.76 million. American Homes 4 Rent had a return on equity of 3.05% and a net margin of 13.74%. The firm’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.32 EPS. As a group, equities research analysts forecast that American Homes 4 Rent will post 1.56 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Wednesday, June 15th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend is Tuesday, June 14th. American Homes 4 Rent’s dividend payout ratio is 153.19%.
In other American Homes 4 Rent news, Director Tamara Hughes Gustavson bought 200,000 shares of the stock in a transaction on Thursday, May 12th. The shares were purchased at an average price of $35.71 per share, with a total value of $7,142,000.00. Following the acquisition, the director now directly owns 8,830,956 shares of the company’s stock, valued at approximately $315,353,438.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last three months, insiders have bought 200,706 shares of company stock worth $7,161,700. 6.03% of the stock is currently owned by insiders.
About American Homes 4 Rent (Get Rating)
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, developing, renovating, leasing, and operating attractive, single-family homes as rental properties.
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