abrdn plc Reduces Stake in American Homes 4 Rent (NYSE:AMH)

abrdn plc lowered its holdings in American Homes 4 Rent (NYSE:AMH) by 31.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 634,134 shares of the real estate investment trust’s stock after selling 293,134 shares during the quarter. abrdn plc’s holdings in American Homes 4 Rent were worth $22,803,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in American Homes 4 Rent by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 44,399,483 shares of the real estate investment trust’s stock worth $1,495,819,000 after buying an additional 1,011,707 shares during the period. Principal Financial Group Inc. raised its position in shares of American Homes 4 Rent by 0.3% in the 3rd quarter. Principal Financial Group Inc. now owns 16,934,168 shares of the real estate investment trust’s stock worth $570,509,000 after acquiring an additional 47,729 shares in the last quarter. FMR LLC raised its position in shares of American Homes 4 Rent by 3.7% in the 3rd quarter. FMR LLC now owns 8,111,434 shares of the real estate investment trust’s stock worth $273,274,000 after acquiring an additional 287,245 shares in the last quarter. Deutsche Bank AG raised its position in shares of American Homes 4 Rent by 0.6% in the 3rd quarter. Deutsche Bank AG now owns 4,836,176 shares of the real estate investment trust’s stock worth $162,931,000 after acquiring an additional 30,903 shares in the last quarter. Finally, Resolution Capital Ltd raised its position in shares of American Homes 4 Rent by 4.8% in the 3rd quarter. Resolution Capital Ltd now owns 4,616,552 shares of the real estate investment trust’s stock worth $155,532,000 after acquiring an additional 212,758 shares in the last quarter. Hedge funds and other institutional investors own 91.87% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Citigroup raised American Homes 4 Rent from a “neutral” rating to a “buy” rating and increased their target price for the stock from $37.00 to $41.00 in a research report on Friday, March 22nd. Deutsche Bank Aktiengesellschaft assumed coverage on American Homes 4 Rent in a research report on Tuesday, January 30th. They issued a “buy” rating and a $40.00 target price for the company. Raymond James increased their target price on American Homes 4 Rent from $40.00 to $41.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th. StockNews.com lowered American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th. Finally, Mizuho raised their price objective on American Homes 4 Rent from $37.00 to $39.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $39.67.

Insiders Place Their Bets

In other American Homes 4 Rent news, COO Bryan Smith sold 50,000 shares of American Homes 4 Rent stock in a transaction on Friday, March 8th. The stock was sold at an average price of $36.77, for a total value of $1,838,500.00. Following the completion of the sale, the chief operating officer now owns 125,580 shares of the company’s stock, valued at approximately $4,617,576.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other American Homes 4 Rent news, COO Bryan Smith sold 50,000 shares of American Homes 4 Rent stock in a transaction on Friday, March 8th. The stock was sold at an average price of $36.77, for a total value of $1,838,500.00. Following the completion of the sale, the chief operating officer now owns 125,580 shares of the company’s stock, valued at approximately $4,617,576.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Matthew J. Hart sold 7,263 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $36.76, for a total value of $266,987.88. Following the completion of the transaction, the director now owns 41,336 shares in the company, valued at $1,519,511.36. The disclosure for this sale can be found here. In the last quarter, insiders sold 60,263 shares of company stock valued at $2,212,078. Corporate insiders own 6.05% of the company’s stock.

American Homes 4 Rent Stock Up 0.3 %

American Homes 4 Rent stock opened at $35.61 on Wednesday. The firm has a market cap of $13.04 billion, a price-to-earnings ratio of 35.61, a PEG ratio of 2.71 and a beta of 0.70. The stock has a fifty day simple moving average of $35.85 and a two-hundred day simple moving average of $35.42. American Homes 4 Rent has a 12 month low of $31.36 and a 12 month high of $37.97. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.58.

American Homes 4 Rent Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were issued a $0.26 dividend. This is a positive change from American Homes 4 Rent’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.92%. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 104.00%.

American Homes 4 Rent Profile

AMH (NYSE: AMH) is a leading large-scale integrated owner, operator and developer of single-family rental homes. We're an internally managed Maryland real estate investment trust (REIT) focused on acquiring, developing, renovating, leasing and managing homes as rental properties. Our goal is to simplify the experience of leasing a home and deliver peace of mind to households across the country.