JPMorgan Chase & Co. trimmed its stake in shares of American Homes 4 Rent (NYSE:AMH) by 5.8% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 9,568,909 shares of the real estate investment trust’s stock after selling 593,282 shares during the quarter. JPMorgan Chase & Co. owned about 3.70% of American Homes 4 Rent worth $215,970,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas lifted its position in shares of American Homes 4 Rent by 1.5% during the 2nd quarter. Teacher Retirement System of Texas now owns 18,405 shares of the real estate investment trust’s stock valued at $415,000 after acquiring an additional 280 shares during the period. Amalgamated Bank lifted its position in shares of American Homes 4 Rent by 3.3% during the 1st quarter. Amalgamated Bank now owns 23,909 shares of the real estate investment trust’s stock valued at $549,000 after acquiring an additional 774 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of American Homes 4 Rent by 5.8% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,284 shares of the real estate investment trust’s stock valued at $328,000 after acquiring an additional 786 shares during the period. Nomura Asset Management Co. Ltd. lifted its position in shares of American Homes 4 Rent by 0.6% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 149,466 shares of the real estate investment trust’s stock valued at $3,431,000 after acquiring an additional 850 shares during the period. Finally, GAM Holding AG lifted its position in shares of American Homes 4 Rent by 4.8% during the 2nd quarter. GAM Holding AG now owns 19,436 shares of the real estate investment trust’s stock valued at $439,000 after acquiring an additional 897 shares during the period. Hedge funds and other institutional investors own 93.74% of the company’s stock.

A number of analysts have recently weighed in on the company. TheStreet upgraded American Homes 4 Rent from a “c” rating to a “b” rating in a research report on Friday, August 4th. BidaskClub downgraded American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Zacks Investment Research upgraded American Homes 4 Rent from a “sell” rating to a “hold” rating in a research report on Tuesday, August 22nd. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $24.00 target price on shares of American Homes 4 Rent in a research report on Monday, May 15th. Finally, Evercore ISI assumed coverage on American Homes 4 Rent in a research report on Monday, June 5th. They set an “in-line” rating and a $24.50 target price for the company. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. American Homes 4 Rent presently has an average rating of “Hold” and a consensus price target of $25.00.

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In other American Homes 4 Rent news, insider Bryan Smith sold 12,432 shares of American Homes 4 Rent stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $22.40, for a total transaction of $278,476.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 27.82% of the company’s stock.

American Homes 4 Rent (NYSE:AMH) opened at 22.01 on Wednesday. The firm’s market cap is $5.73 billion. The stock’s 50 day moving average price is $22.62 and its 200-day moving average price is $22.78. American Homes 4 Rent has a 12-month low of $19.62 and a 12-month high of $23.98.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by $0.04. American Homes 4 Rent had a net margin of 3.82% and a return on equity of 0.70%. The business had revenue of $237 million for the quarter, compared to the consensus estimate of $236.28 million. During the same period in the prior year, the business posted $0.25 EPS. American Homes 4 Rent’s quarterly revenue was up 7.6% on a year-over-year basis. Equities research analysts anticipate that American Homes 4 Rent will post $0.05 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend is Thursday, September 14th. American Homes 4 Rent’s dividend payout ratio (DPR) is currently -181.82%.

About American Homes 4 Rent

American Homes 4 Rent is an internally managed real estate investment trust (REIT) focused on acquiring, renovating, leasing and operating single-family homes as rental properties. The Company’s primary objective is to generate attractive risk-adjusted returns for its shareholders through dividends and capital appreciation by acquiring, renovating, leasing and operating 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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