10,873,737 Shares in American Homes 4 Rent (AMH) Purchased by Long Pond Capital LP

Long Pond Capital LP acquired a new stake in shares of American Homes 4 Rent (NYSE:AMH) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 10,873,737 shares of the real estate investment trust’s stock, valued at approximately $218,345,000. American Homes 4 Rent makes up about 5.6% of Long Pond Capital LP’s investment portfolio, making the stock its 5th largest position.

A number of other institutional investors and hedge funds also recently made changes to their positions in AMH. Zurcher Kantonalbank Zurich Cantonalbank grew its position in American Homes 4 Rent by 22.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,766 shares of the real estate investment trust’s stock valued at $432,000 after purchasing an additional 3,674 shares in the last quarter. Quantitative Systematic Strategies LLC purchased a new position in American Homes 4 Rent during the fourth quarter valued at approximately $492,000. Public Employees Retirement Association of Colorado grew its position in American Homes 4 Rent by 281.0% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 28,750 shares of the real estate investment trust’s stock valued at $628,000 after purchasing an additional 21,204 shares in the last quarter. Stephens Inc. AR grew its position in American Homes 4 Rent by 100.0% during the fourth quarter. Stephens Inc. AR now owns 28,830 shares of the real estate investment trust’s stock valued at $630,000 after purchasing an additional 14,414 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in American Homes 4 Rent by 8.3% during the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 36,479 shares of the real estate investment trust’s stock valued at $784,000 after purchasing an additional 2,800 shares in the last quarter. 85.70% of the stock is currently owned by hedge funds and other institutional investors.

AMH stock opened at $20.90 on Thursday. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $6.15 billion, a price-to-earnings ratio of 20.49, a price-to-earnings-growth ratio of 1.35 and a beta of 0.58. American Homes 4 Rent has a 12 month low of $18.39 and a 12 month high of $23.23.

American Homes 4 Rent (NYSE:AMH) last posted its earnings results on Thursday, May 3rd. The real estate investment trust reported $0.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.01). American Homes 4 Rent had a return on equity of 1.56% and a net margin of 9.07%. The business had revenue of $258.00 million during the quarter, compared to the consensus estimate of $251.72 million. During the same period in the prior year, the firm earned $0.26 earnings per share. The business’s revenue was up 10.4% on a year-over-year basis. equities research analysts predict that American Homes 4 Rent will post 1.1 EPS for the current fiscal year.

American Homes 4 Rent announced that its Board of Directors has authorized a share buyback program on Thursday, February 22nd that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the real estate investment trust to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 2nd. Stockholders of record on Friday, June 15th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend is Thursday, June 14th. American Homes 4 Rent’s payout ratio is 19.61%.

In other news, Director Tamara Hughes Gustavson acquired 507,614 shares of American Homes 4 Rent stock in a transaction dated Friday, May 18th. The stock was acquired at an average cost of $19.70 per share, for a total transaction of $9,999,995.80. Following the completion of the purchase, the director now owns 15,586,898 shares of the company’s stock, valued at $307,061,890.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Douglas N. Benham acquired 2,000 shares of American Homes 4 Rent stock in a transaction dated Tuesday, May 29th. The stock was purchased at an average price of $23.14 per share, with a total value of $46,280.00. The disclosure for this purchase can be found here. Insiders bought 771,999 shares of company stock valued at $15,464,796 over the last 90 days. 27.82% of the stock is owned by corporate insiders.

AMH has been the subject of several recent research reports. ValuEngine downgraded shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Thursday, May 17th. Mizuho set a $23.00 target price on shares of American Homes 4 Rent and gave the stock a “buy” rating in a research report on Monday, March 19th. B. Riley set a $26.00 target price on shares of American Homes 4 Rent and gave the stock a “buy” rating in a research report on Friday, February 23rd. BTIG Research decreased their target price on shares of American Homes 4 Rent from $26.00 to $23.00 and set a “buy” rating for the company in a research report on Monday, February 26th. Finally, Zacks Investment Research downgraded shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Tuesday, February 27th. Three investment analysts have rated the stock with a sell rating and nine have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $24.56.

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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