Perth has the highest-ever number of suburbs in the million-dollar club, after prices in 15 new suburbs recently exceeded the milestone median.
Research from CoreLogic shows there were 56 suburbs in Perth with median house prices above $1 million in May this year, compared to 41 a year previously.
Adding to fears about the affordability of Perth property, the new research shows in the year to May, 13 per cent of sales recorded a price of at least $1 million.
CoreLogic research analyst Kaytlin Ezzy said the suburban median in the million-dollar-club is almost twice Perth’s overall house median of $555,538, following a 5.6 per cent price rise across the metropolitan area in the year to May.
The new million dollar suburbs appear to be popular for many of the same reasons as those that lead the pack — close proximity to water, big blocks, good schools and proximity to the city.
Suburbs close to either the beach or the river include Fremantle, South Fremantle, Hillarys, Karrinyup, Iluka, Como, Alfred Cove, Shelley and Burns Beach.
Good schools and proximity to the city are likely to underpin the popularity of some of the inner-city suburbs on the list, including Gwelup — which increased from $859,5549 a year previously — as well as Inglewood, and Mount Hawthorn.
Como specialist for The Agency, Vanessa Naso, said her patch enjoyed the benefit of a riverside and central location as well as big blocks and good schools.
Nine of Perth’s top 10 most expensive house markets were located in the city’s inner region, with Dalkeith recording the highest median value at $2.96 million.
It eclipsed Peppermint Grove, were the median is $2,824,616, and Cottesloe ($2,689,912)
Yallingup houses in the picturesque south west town remain the west’s only regional market to make the million-dollar list with a current median value of $1,620,473
The research found that nationally, 1,367 or 30.4 per cent of house and unit markets analysed in May recorded a median value of $1 million or more.
“High consumer sentiment, tight advertised supply, and low interest rates fuelled strong home value growth throughout 2021, resulting in a new record high annual growth rate of 22.4 per cent nationally over the 12 months to January,” Ms Ezzy said.
Over the time that Citrus County Habitat for Humanity has been in existence here in our county it has assisted more than 200 families. It has done so by providing decent and affordable housing to people who have a need, ability to pay and a willingness to partner with Habitat.
Recently, the newest project in Citrus Springs witnessed the “Blessing of Walls” of two new Habitat homes currently under construction. What a day of celebration it was for the new homeowners, as well as all the partners who work with Habitat to make these dreams of home ownership become a reality.
These are the first two homes of a 100-home development that is taking shape in Citrus Springs. This development has been in the making for over three years. Many people and organizations have given of their time, money and effort to make it a reality.
By the generosity of the community and the sale of surplus land owned by Habitat, it purchased the Citrus Springs property. During this year’s Legislative Session, the Florida State Legislature allocated and the governor approved $2.5 million, which has been used to underwrite the costs of infrastructure: roads, sewer, water, and storm drainage. This entire project carries no debt. Kudos to Habitat for this accomplishment.
This is a special time for the proud owners of the new homes. They have been working diligently to follow the guidelines and requirements, which make them eligible for the program. Even before being approved to be a Habitat Partner, people must go through initial informational sessions that explain all of the effort and involvement that will be required.
Some do not even make it through the introductory session when it is explained all of the hard work will be required to own a home through this program. The work includes working at the construction site of their home, the Habitat ReStore and other duties. One can only imagine the excitement when the new owners move into the home that they have worked long hours to construct. How much joy they realize when all of their sweat equity results in a place – their own place – that they own.
With the dramatic increase in the price of housing and the ever-rising mortgage interest rates in the country and in our county, it is truly a blessing to know that Habitat is providing our work force citizens with an opportunity to be homeowners.
We are proud of the Habitat leadership for its hard work and planning in providing this opportunity to people who might not necessarily be able to be homeowners without this program. Much appreciation should be extended to the community members who have supported this program through the years, both financially and in so many other ways. And, of course, the Florida Legislature is to be commended and thanked for the money they have provided which has underwritten the project’s infrastructure.
What a victory and a blessing for the new home owners. Celebrations are in order. And what a victory for our community to see affordable housing available for people who are diligent and willing to work hard to provide a home for themselves and their families.
State of Alaska Department of Revenue boosted its stake in American Homes 4 Rent (NYSE:AMH – Get Rating) by 6.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 153,801 shares of the real estate investment trust’s stock after purchasing an additional 9,115 shares during the period. State of Alaska Department of Revenue’s holdings in American Homes 4 Rent were worth $6,155,000 at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in AMH. Charter Oak Capital Management LLC purchased a new position in American Homes 4 Rent in the 4th quarter worth approximately $35,000. National Bank of Canada FI purchased a new position in American Homes 4 Rent in the 4th quarter worth approximately $43,000. Whittier Trust Co. increased its stake in American Homes 4 Rent by 115.8% in the 4th quarter. Whittier Trust Co. now owns 1,079 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 579 shares during the period. Whittier Trust Co. of Nevada Inc. increased its stake in American Homes 4 Rent by 31.2% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,172 shares of the real estate investment trust’s stock worth $51,000 after purchasing an additional 279 shares during the period. Finally, MUFG Americas Holdings Corp grew its position in shares of American Homes 4 Rent by 68.0% in the 4th quarter. MUFG Americas Holdings Corp now owns 1,581 shares of the real estate investment trust’s stock worth $69,000 after buying an additional 640 shares during the last quarter. 88.49% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have recently weighed in on AMH. Evercore ISI set a $40.00 price objective on American Homes 4 Rent in a research report on Monday, June 20th. Jefferies Financial Group began coverage on American Homes 4 Rent in a research report on Wednesday, April 20th. They issued a “buy” rating and a $48.00 price objective on the stock. JPMorgan Chase & Co. cut their price objective on American Homes 4 Rent from $46.00 to $44.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 22nd. Morgan Stanley cut their price objective on American Homes 4 Rent from $41.00 to $39.00 and set an “equal weight” rating on the stock in a research report on Friday, May 27th. Finally, Raymond James restated a “strong-buy” rating and set a $45.00 price target (down from $48.00) on shares of American Homes 4 Rent in a research report on Thursday, June 23rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $43.93.
AMH stock opened at $35.49 on Tuesday. American Homes 4 Rent has a 1-year low of $32.60 and a 1-year high of $44.07. The business has a fifty day moving average price of $37.23 and a 200-day moving average price of $39.08. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.64 and a quick ratio of 0.64. The stock has a market capitalization of $12.36 billion, a P/E ratio of 75.51, a P/E/G ratio of 2.89 and a beta of 0.58.
American Homes 4 Rent (NYSE:AMH – Get Rating) last posted its quarterly earnings results on Thursday, May 5th. The real estate investment trust reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.05. American Homes 4 Rent had a return on equity of 3.05% and a net margin of 13.74%. The firm had revenue of $356.11 million during the quarter, compared to analysts’ expectations of $355.76 million. During the same quarter in the previous year, the business earned $0.32 earnings per share. The company’s revenue was up 13.9% on a year-over-year basis. As a group, analysts anticipate that American Homes 4 Rent will post 1.56 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Wednesday, June 15th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.03%. The ex-dividend date is Tuesday, June 14th. American Homes 4 Rent’s dividend payout ratio is currently 153.19%.
In other news, Director Tamara Hughes Gustavson acquired 200,000 shares of American Homes 4 Rent stock in a transaction that occurred on Thursday, May 12th. The stock was bought at an average price of $35.71 per share, for a total transaction of $7,142,000.00. Following the completion of the transaction, the director now owns 8,830,956 shares in the company, valued at $315,353,438.76. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last quarter, insiders have purchased 200,706 shares of company stock valued at $7,161,700. 6.03% of the stock is owned by company 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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Raymond James reiterated their strong-buy rating on shares of American Homes 4 Rent (NYSE:AMH – Get Rating) in a research report sent to investors on Thursday morning, Benzinga reports.
Other equities analysts have also issued research reports about the company. B. Riley decreased their price target on American Homes 4 Rent from $47.00 to $43.00 in a research report on Wednesday, May 11th. Jefferies Financial Group started coverage on American Homes 4 Rent in a research report on Wednesday, April 20th. They issued a buy rating and a $48.00 price target for the company. StockNews.com lowered American Homes 4 Rent from a hold rating to a sell rating in a research report on Monday, June 13th. BMO Capital Markets started coverage on American Homes 4 Rent in a research report on Thursday, April 14th. They issued an outperform rating and a $46.00 price target for the company. Finally, Credit Suisse Group decreased their price target on American Homes 4 Rent from $44.00 to $36.00 and set a neutral rating for the company in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, American Homes 4 Rent currently has a consensus rating of Moderate Buy and an average target price of $44.13.
Shares of AMH stock opened at $35.23 on Thursday. The stock has a 50-day simple moving average of $37.35 and a 200 day simple moving average of $39.13. American Homes 4 Rent has a fifty-two week low of $32.60 and a fifty-two week high of $44.07. The stock has a market capitalization of $12.27 billion, a P/E ratio of 74.96, a P/E/G ratio of 2.89 and a beta of 0.58. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.55.
American Homes 4 Rent (NYSE:AMH – Get Rating) last announced its earnings results on Thursday, May 5th. The real estate investment trust reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.05. American Homes 4 Rent had a return on equity of 3.05% and a net margin of 13.74%. The business had revenue of $356.11 million during the quarter, compared to analysts’ expectations of $355.76 million. During the same quarter last year, the business posted $0.32 earnings per share. The company’s quarterly revenue was up 13.9% on a year-over-year basis. On average, sell-side analysts anticipate that American Homes 4 Rent will post 1.56 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Wednesday, June 15th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date is Tuesday, June 14th. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 153.19%.
In other news, Director Tamara Hughes Gustavson purchased 200,000 shares of the business’s stock in a transaction dated Thursday, May 12th. The stock was bought at an average cost of $35.71 per share, with a total value of $7,142,000.00. Following the purchase, the director now directly owns 8,830,956 shares of the company’s stock, valued at $315,353,438.76. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders have bought a total of 200,706 shares of company stock valued at $7,161,700 over the last ninety days. Company insiders own 6.03% of the company’s stock.
Several hedge funds have recently modified their holdings of the stock. HighTower Advisors LLC acquired a new stake in American Homes 4 Rent in the 3rd quarter valued at approximately $218,000. Tudor Investment Corp Et Al acquired a new stake in shares of American Homes 4 Rent during the 3rd quarter worth approximately $5,781,000. LPL Financial LLC boosted its stake in American Homes 4 Rent by 67.1% in the 3rd quarter. LPL Financial LLC now owns 99,453 shares of the real estate investment trust’s stock valued at $3,791,000 after buying an additional 39,929 shares in the last quarter. Voloridge Investment Management LLC acquired a new stake in American Homes 4 Rent in the 3rd quarter valued at $3,728,000. Finally, UBS Group AG boosted its stake in American Homes 4 Rent by 395.8% in the 3rd quarter. UBS Group AG now owns 290,814 shares of the real estate investment trust’s stock valued at $11,085,000 after buying an additional 232,163 shares in the last quarter. 88.49% of the stock is currently owned by institutional investors and hedge funds.
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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Dynamic Advisor Solutions LLC decreased its stake in shares of American Homes 4 Rent (NYSE:AMH – Get Rating) by 19.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,409 shares of the real estate investment trust’s stock after selling 3,049 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in American Homes 4 Rent were worth $497,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of AMH. BlackRock Inc. grew its holdings in shares of American Homes 4 Rent by 11.3% during the fourth quarter. BlackRock Inc. now owns 23,487,597 shares of the real estate investment trust’s stock valued at $1,024,294,000 after buying an additional 2,384,487 shares during the last quarter. Norges Bank acquired a new stake in American Homes 4 Rent during the 4th quarter worth about $701,205,000. State Street Corp increased its holdings in shares of American Homes 4 Rent by 8.6% in the fourth quarter. State Street Corp now owns 10,706,399 shares of the real estate investment trust’s stock valued at $466,906,000 after purchasing an additional 843,422 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of American Homes 4 Rent by 54.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 8,256,460 shares of the real estate investment trust’s stock worth $360,064,000 after purchasing an additional 2,921,537 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of American Homes 4 Rent by 0.5% during the fourth quarter. Victory Capital Management Inc. now owns 6,556,437 shares of the real estate investment trust’s stock worth $285,926,000 after purchasing an additional 33,981 shares during the period. 88.49% of the stock is owned by institutional investors and hedge funds.
NYSE AMH opened at $35.23 on Friday. American Homes 4 Rent has a one year low of $32.60 and a one year high of $44.07. 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 business has a fifty day moving average price of $37.35 and a 200 day moving average price of $39.17. The company has a market cap of $12.27 billion, a P/E ratio of 74.96, a P/E/G ratio of 2.76 and a beta of 0.58.
American Homes 4 Rent (NYSE:AMH – Get Rating) last posted its quarterly earnings results on Thursday, May 5th. The real estate investment trust reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.05. The firm had revenue of $356.11 million for the quarter, compared to analyst estimates of $355.76 million. American Homes 4 Rent had a net margin of 13.74% and a return on equity of 3.05%. American Homes 4 Rent’s quarterly revenue was up 13.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.32 earnings per share. As a group, sell-side analysts predict that American Homes 4 Rent will post 1.56 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Wednesday, June 15th will be given a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, June 14th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.04%. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 153.19%.
In related news, Director Tamara Hughes Gustavson acquired 200,000 shares of American Homes 4 Rent stock in a transaction that occurred on Thursday, May 12th. The shares were purchased at an average price of $35.71 per share, for a total transaction of $7,142,000.00. Following the completion of the transaction, the director now owns 8,830,956 shares in the company, valued at approximately $315,353,438.76. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last ninety days, insiders purchased 200,706 shares of company stock valued at $7,161,700. Insiders own 6.03% of the company’s stock.
A number of research firms have issued reports on AMH. JPMorgan Chase & Co. reduced their price target on shares of American Homes 4 Rent from $46.00 to $44.00 and set an “overweight” rating for the company in a research report on Tuesday, March 22nd. B. Riley decreased their target price on shares of American Homes 4 Rent from $47.00 to $43.00 in a research report on Wednesday, May 11th. StockNews.com downgraded American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Monday, June 13th. Evercore ISI set a $40.00 price objective on American Homes 4 Rent in a report on Monday, June 20th. Finally, Jefferies Financial Group began coverage on American Homes 4 Rent in a report on Wednesday, April 20th. They set a “buy” rating and a $48.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, American Homes 4 Rent has a consensus rating of “Moderate Buy” and an average price target of $44.13.
American Homes 4 Rent Company Profile (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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Want to see what other hedge funds are holding AMH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Homes 4 Rent (NYSE:AMH – Get Rating).
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A global business software company has been sold to an investment company in a deal worth more than £1 billion.
Shareholders in Nottingham-based Ideagen have formally agreed the sale to an offshoot of software and services investor Hg.
Ideagen has seen substantial growth since its admission to the Alternative Investment Market (AIM) on the London Stock Exchange, investing heavily in acquisitions.
The business provides global software and services to customers in industries such as aviation, financial services, life-sciences, healthcare and manufacturing.
It has operations throughout the UK, US, Europe, Middle East and South-East Asia.
Clients include blue chip, global brands such as Heineken, British Airways, BAE, Aggreko, the US Navy, Bank of New York and Johnson Matthey, as well as 250 hospitals across the UK and US.
Ideagen chief executive Ben Dorks said it was “incredibly” exciting news for the business.
He said: “Hg share our values and our ambition, whilst their operational experience in software has successfully helped businesses to accomplish their goals many times over.
“This new relationship will give us the ability to accelerate even faster, serve our customers better and scale our business further across the globe.
“I want to take the opportunity to thank those at the heart of our success, including our colleagues around the globe working hard to provide trusted software solutions that help protect organisations, as well as tens of thousands of customers we work with.
“We are on an exciting journey of growth and progression, one that continues to deliver solutions to help improve operational efficiency, maintain compliance, manage risk and keep people safe.”
Hg, which announced its interest back in April, is a big software and services investor which manages more than $40 billion of funds.
It has offices in London, Munich and New York and a strategy of taking controlling shares in businesses headquartered in Europe and North America.
In a joint statement Hg partners C hristopher Fielding, Joris Van Gool and Jean-Baptiste Brian, said: “We are delighted that Ideagen’s shareholders have voted in favour of this partnership with Hg.
“We have long recognised Ideagen as a high-quality software business and are excited about the future.
“Ben and the team will now have greater flexibility to execute and accelerate longer term growth plans, including investments in product, technology, talent and large scale, accretive M&A.
“Together we are in a great position and remain committed to ensure that Ideagen maintains and grows as a leader in the sector.”
American Homes 4 Rent (NYSE:AMH – Get Rating) had its price objective lowered by Credit Suisse Group from $44.00 to $36.00 in a research note released on Thursday, The Fly reports. The brokerage currently has a neutral rating on the real estate investment trust’s stock.
AMH has been the topic of several other reports. JPMorgan Chase & Co. cut their price objective on shares of American Homes 4 Rent from $46.00 to $44.00 and set an overweight rating on the stock in a report on Tuesday, March 22nd. BMO Capital Markets began coverage on shares of American Homes 4 Rent in a report on Thursday, April 14th. They issued an outperform rating and a $46.00 price objective on the stock. StockNews.com lowered shares of American Homes 4 Rent from a hold rating to a sell rating in a report on Monday, June 13th. Jefferies Financial Group initiated coverage on shares of American Homes 4 Rent in a report on Wednesday, April 20th. They issued a buy rating and a $48.00 price objective on the stock. Finally, Morgan Stanley cut their target price on shares of American Homes 4 Rent from $41.00 to $39.00 and set an equal weight rating on the stock in a report on Friday, May 27th. One investment 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. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average target price of $44.13.
AMH opened at $34.59 on Thursday. American Homes 4 Rent has a one year low of $32.60 and a one year high of $44.07. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.64 and a quick ratio of 0.64. The company’s 50 day simple moving average is $37.48 and its 200-day simple moving average is $39.21. The stock has a market capitalization of $12.05 billion, a P/E ratio of 73.60, a price-to-earnings-growth ratio of 2.76 and a beta of 0.58.
American Homes 4 Rent (NYSE:AMH – Get Rating) last released its quarterly earnings results on Thursday, May 5th. The real estate investment trust reported $0.16 EPS for the quarter, beating the consensus estimate of $0.11 by $0.05. American Homes 4 Rent had a net margin of 13.74% and a return on equity of 3.05%. The business had revenue of $356.11 million for the quarter, compared to analysts’ expectations of $355.76 million. During the same period in the prior year, the firm earned $0.32 earnings per share. American Homes 4 Rent’s revenue was up 13.9% compared to the same quarter last year. As a group, analysts anticipate that American Homes 4 Rent will post 1.56 EPS 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 given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.08%. 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 firm’s stock in a transaction that occurred on Thursday, May 12th. The stock was acquired at an average price of $35.71 per share, with a total value of $7,142,000.00. Following the completion of the transaction, the director now owns 8,830,956 shares in the company, valued at $315,353,438.76. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In the last ninety days, insiders purchased 200,706 shares of company stock valued at $7,161,700. 6.03% of the stock is owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in American Homes 4 Rent by 8.9% in the first quarter. Vanguard Group Inc. now owns 43,405,083 shares of the real estate investment trust’s stock valued at $1,737,505,000 after purchasing an additional 3,533,157 shares in the last quarter. BlackRock Inc. grew its position in shares of American Homes 4 Rent by 11.3% in the 4th quarter. BlackRock Inc. now owns 23,487,597 shares of the real estate investment trust’s stock valued at $1,024,294,000 after acquiring an additional 2,384,487 shares during the period. Principal Financial Group Inc. grew its position in shares of American Homes 4 Rent by 1.4% in the 1st quarter. Principal Financial Group Inc. now owns 18,077,256 shares of the real estate investment trust’s stock valued at $723,633,000 after acquiring an additional 244,790 shares during the period. Norges Bank bought a new position in shares of American Homes 4 Rent in the 4th quarter valued at about $701,205,000. Finally, State Street Corp grew its position in shares of American Homes 4 Rent by 20.1% in the 1st quarter. State Street Corp now owns 12,861,103 shares of the real estate investment trust’s stock valued at $514,830,000 after acquiring an additional 2,154,704 shares during the period. 88.49% of the stock is owned by institutional investors and hedge funds.
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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Shares of Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF – Get Rating) have received a consensus recommendation of “Hold” from the nine ratings firms that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $62.22.
Several research analysts have recently commented on the company. Desjardins reduced their price target on Boardwalk Real Estate Investment Trust from C$61.00 to C$58.00 in a research report on Friday, May 13th. Scotiabank reduced their price target on Boardwalk Real Estate Investment Trust from C$61.00 to C$59.00 in a research report on Wednesday, May 11th. National Bank Financial boosted their price target on Boardwalk Real Estate Investment Trust from C$67.00 to C$68.50 in a research report on Wednesday, April 27th. Canaccord Genuity Group boosted their price target on Boardwalk Real Estate Investment Trust from C$58.00 to C$62.50 in a research report on Tuesday, March 1st. Finally, Royal Bank of Canada reduced their price target on Boardwalk Real Estate Investment Trust from C$69.00 to C$68.00 in a research report on Wednesday, May 11th.
Shares of OTCMKTS BOWFF opened at $33.22 on Friday. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.78. The business has a fifty day simple moving average of $39.31 and a two-hundred day simple moving average of $42.47. The firm has a market cap of $1.54 billion, a PE ratio of 3.98 and a beta of 1.41. Boardwalk Real Estate Investment Trust has a twelve month low of $31.78 and a twelve month high of $48.50.
Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF – Get Rating) last issued its earnings results on Monday, May 9th. The financial services provider reported $1.19 earnings per share for the quarter. The business had revenue of $93.38 million during the quarter. Boardwalk Real Estate Investment Trust had a return on equity of 15.35% and a net margin of 102.59%.
About Boardwalk Real Estate Investment Trust (Get Rating)
Boardwalk REIT strives to be Canada’s friendliest communities and currently owns and operates more than 200 communities with over 33,000 residential units totaling over 28 million net rentable square feet. Boardwalk’s principal objectives are to provide its Residents with the best quality communities and superior customer service, while providing Unitholders with sustainable monthly cash distributions, and increase the value of its trust units through selective acquisitions, dispositions, development, and effective management of its residential multi-family communities.
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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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A property investment company has bought another share in a £30 million Nottingham trade park.
Northwood Urban Logistics bought the first phase of the Teal Park trade units last November. Based off the Colwick Loop Road, in Netherfield, that phase is now fully occupied by tenants including Toolstation, Screwfix, Howdens, Trent Valley Windows, Trent Vehicle Charging, Karcher UK and Paintwell.
The same company has now bought the second phase of six trade units from developers Warwickshire-based AC Lloyd Commercial and Nottingham-based Henry Davidson Developments.
A third and final phase, made up of six larger employment units which range from 9,600 sq ft up to 31,500 sq ft, is set for completion later this year.
Mark Edwards, managing director at AC Lloyd Commercial, said demand was strong because there remained a lack of high-quality trade units in Nottingham.
He said: “Teal Park has been a real success story for AC Lloyd Commercial and this latest announcement underlines our commitment to delivering a premium mixed-use site for businesses and the local community.
“Work is now underway on the third and final phase of creating Teal Park which we hope to complete this autumn.”
Iain Taylor, director at Northwood Urban Logistics, said: “Enquiries remain strong at Teal Park since the market for trade units of this size remains on the up particularly when you add in Nottingham’s excellent transport links with the rest of the UK.”