American Homes 4 Rent $AMH Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. decreased its holdings in American Homes 4 Rent (NYSE:AMH) by 14.8% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,762,360 shares of the real estate investment trust’s stock after selling 305,491 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in American Homes 4 Rent were worth $53,558,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in AMH. OMERS ADMINISTRATION Corp lifted its holdings in shares of American Homes 4 Rent by 3.6% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 12,112 shares of the real estate investment trust’s stock worth $338,000 after acquiring an additional 424 shares during the period. Assetmark Inc. increased its stake in American Homes 4 Rent by 7.2% in the first quarter. Assetmark Inc. now owns 6,427 shares of the real estate investment trust’s stock valued at $179,000 after acquiring an additional 431 shares during the period. Abel Hall LLC raised its position in American Homes 4 Rent by 2.8% in the third quarter. Abel Hall LLC now owns 17,159 shares of the real estate investment trust’s stock worth $521,000 after purchasing an additional 469 shares in the last quarter. Bessemer Group Inc. raised its position in American Homes 4 Rent by 70.3% in the first quarter. Bessemer Group Inc. now owns 1,170 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 483 shares in the last quarter. Finally, Allstate Corp raised its position in American Homes 4 Rent by 2.4% in the second quarter. Allstate Corp now owns 26,222 shares of the real estate investment trust’s stock worth $879,000 after purchasing an additional 622 shares in the last quarter. Institutional investors and hedge funds own 91.87% of the company’s stock.

Insider Buying and Selling at American Homes 4 Rent

In other news, Director Jack Corrigan bought 8,000 shares of the business’s stock in a transaction dated Friday, September 11th. The stock was bought at an average price of $21.49 per share, for a total transaction of $171,920.00. Following the completion of the purchase, the director owned 25,000 shares of the company’s stock, valued at approximately $537,250. The trade was a 47.06% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have purchased a total of 15,000 shares of company stock worth $328,040 over the last three months. Company insiders own 5.70% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on AMH shares. JPMorgan Chase & Co. raised their price target on shares of American Homes 4 Rent from $35.00 to $38.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 19th. Weiss Ratings reiterated a “hold (c)” rating on shares of American Homes 4 Rent in a research note on Monday, August 17th. Barclays dropped their target price on American Homes 4 Rent from $36.00 to $35.00 and set an “equal weight” rating for the company in a report on Wednesday, October 14th. Keefe, Bruyette & Woods raised their target price on American Homes 4 Rent from $36.00 to $38.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. Finally, Mizuho upgraded American Homes 4 Rent from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $35.00 to $36.00 in a research report on Monday, September 21st. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $35.94.

American Homes 4 Rent Stock Up 3.5%

AMH opened at $32.63 on Thursday. The firm’s 50-day simple moving average is $31.51 and its 200-day simple moving average is $31.62. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.59 and a current ratio of 0.59. American Homes 4 Rent has a twelve month low of $27.22 and a twelve month high of $35.07. The firm has a market cap of $11.77 billion, a price-to-earnings ratio of 25.90, a PEG ratio of 4.81 and a beta of 0.76.

American Homes 4 Rent (NYSE:AMH) last announced its earnings results on Wednesday, November 4th. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.32. The business had revenue of $498.07 million during the quarter, compared to analysts’ expectations of $488.73 million. American Homes 4 Rent had a net margin of 25.53% and a return on equity of 6.25%. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter last year, the company posted $0.47 EPS. Equities research analysts anticipate that American Homes 4 Rent will post 1.91 EPS for the current fiscal year.

American Homes 4 Rent Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $1.32 annualized dividend and a dividend yield of 4.0%. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 104.76%.

About American Homes 4 Rent

American Homes 4 Rent (NYSE:AMH) is a real estate investment trust that owns, operates and develops single-family rental homes in the United States. The company provides professionally managed rental housing to individuals and families, with properties generally located in suburban communities and designed for long-term occupancy.

The company’s activities include acquiring, constructing, renovating, leasing and maintaining single-family homes. Its portfolio includes detached houses with features such as private yards, garages and modern appliances.