Today, Honeywell International Inc. Maintains Stake in American Homes 4 Rent (AMH)

Today, Honeywell International Inc. Maintains Stake in American Homes 4 Rent (AMH)
Honeywell International Inc. maintained its position in American Homes 4 Rent (NYSE:AMH) during the third quarter, Holdings Channel reports. The fund owned 82,500 shares of the company’s stock at the end of the third quarter. Honeywell International Inc.’s holdings in American Homes 4 Rent were worth $1,785,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Public Employees Retirement Association of Colorado raised its position in American Homes 4 Rent by 0.4% in the third quarter. Public Employees Retirement Association of Colorado now owns 5,363 shares of the company’s stock valued at $116,000 after buying an additional 21 shares during the period. Profund Advisors LLC purchased a new position in American Homes 4 Rent during the second quarter valued at approximately $215,000. Reliance Trust Co. of Delaware purchased a new position in American Homes 4 Rent during the third quarter valued at approximately $215,000. Sumitomo Mitsui Asset Management Company LTD purchased a new position in American Homes 4 Rent during the third quarter valued at approximately $224,000. Finally, Mariner Wealth Advisors LLC purchased a new position in American Homes 4 Rent during the second quarter valued at approximately $233,000. Hedge funds and other institutional investors own 76.99% of the company’s stock.

Shares of American Homes 4 Rent (NYSE:AMH) traded up 0.33% on Friday, reaching $21.25. 1,139,380 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $20.77 and a 200 day moving average of $20.50. The firm’s market capitalization is $5.07 billion. American Homes 4 Rent has a one year low of $13.16 and a one year high of $22.99.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings data on Thursday, November 3rd. The company reported $0.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.01. American Homes 4 Rent had a negative net margin of 2.47% and a negative return on equity of 0.45%. The business earned $236.10 million during the quarter, compared to analyst estimates of $49.46 million. During the same quarter last year, the firm posted $0.19 earnings per share. The business’s revenue for the quarter was up 36.8% compared to the same quarter last year. On average, equities research analysts predict that American Homes 4 Rent will post $0.97 EPS for the current year.

Several research analysts recently commented on the stock. Raymond James Financial Inc. boosted their price objective on shares of American Homes 4 Rent from $24.00 to $26.00 and gave the stock a “buy” rating in a research note on Thursday, September 8th. Zelman & Associates upgraded shares of American Homes 4 Rent from a “hold” rating to a “buy” rating in a research note on Monday, August 8th. FBR & Co reiterated an “outperform” rating on shares of American Homes 4 Rent in a research note on Friday, September 23rd. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $20.00 price objective (up previously from $19.00) on shares of American Homes 4 Rent in a research note on Saturday, August 13th. Finally, Wells Fargo & Co. reiterated a “hold” rating on shares of American Homes 4 Rent in a research note on Wednesday, August 17th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. American Homes 4 Rent presently has a consensus rating of “Hold” and a consensus price target of $23.60.

In related news, COO Jack E. Corrigan sold 91,324 shares of American Homes 4 Rent stock in a transaction that occurred on Thursday, September 15th. The shares were sold at an average price of $20.97, for a total value of $1,915,064.28. Following the completion of the transaction, the chief operating officer now owns 100 shares in the company, valued at $2,097. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Bryan Smith sold 12,000 shares of American Homes 4 Rent stock in a transaction that occurred on Thursday, September 29th. The stock was sold at an average price of $21.70, for a total transaction of $260,400.00. The disclosure for this sale can be found here. 23.31% of the stock is currently owned by insiders.

American Homes 4 Rent Company Profile

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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