Sumitomo Mitsui Trust Group Inc. Purchases 28,504 Shares of American Homes 4 Rent $AMH

Sumitomo Mitsui Trust Group Inc. lifted its position in shares of American Homes 4 Rent (NYSE:AMH) by 1.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,534,821 shares of the real estate investment trust’s stock after acquiring an additional 28,504 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.68% of American Homes 4 Rent worth $81,368,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. AE Wealth Management LLC raised its position in American Homes 4 Rent by 7.3% in the third quarter. AE Wealth Management LLC now owns 6,149 shares of the real estate investment trust’s stock valued at $204,000 after purchasing an additional 418 shares during the last quarter. Assetmark Inc. grew its holdings in shares of American Homes 4 Rent by 21.6% during the third quarter. Assetmark Inc. now owns 2,360 shares of the real estate investment trust’s stock worth $78,000 after purchasing an additional 420 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of American Homes 4 Rent by 84.8% during the third quarter. Parallel Advisors LLC now owns 963 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 442 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in shares of American Homes 4 Rent by 0.6% in the second quarter. Thrivent Financial for Lutherans now owns 74,825 shares of the real estate investment trust’s stock valued at $2,699,000 after buying an additional 447 shares during the period. Finally, Crossmark Global Holdings Inc. increased its stake in shares of American Homes 4 Rent by 2.3% in the third quarter. Crossmark Global Holdings Inc. now owns 21,178 shares of the real estate investment trust’s stock valued at $704,000 after buying an additional 469 shares during the period. Institutional investors own 91.87% of the company’s stock.

Insider Buying and Selling

In other American Homes 4 Rent news, Director Douglas N. Benham purchased 1,571 shares of American Homes 4 Rent stock in a transaction that occurred on Wednesday, February 25th. The stock was acquired at an average price of $24.00 per share, with a total value of $37,704.00. Following the transaction, the director owned 43,517 shares in the company, valued at $1,044,408. This trade represents a 3.75% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David Goldberg purchased 2,000 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The shares were acquired at an average price of $29.30 per share, with a total value of $58,600.00. Following the purchase, the director directly owned 36,723 shares in the company, valued at $1,075,983.90. This represents a 5.76% increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought 6,771 shares of company stock worth $183,684 over the last ninety days. 5.70% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft cut their target price on shares of American Homes 4 Rent from $34.00 to $30.00 and set a “hold” rating on the stock in a research report on Friday, March 20th. Citigroup decreased their price target on shares of American Homes 4 Rent from $34.50 to $33.50 and set a “neutral” rating for the company in a research report on Monday, March 2nd. Morgan Stanley dropped their price target on shares of American Homes 4 Rent from $40.00 to $39.00 and set an “overweight” rating for the company in a research note on Monday, March 9th. Scotiabank cut their price target on shares of American Homes 4 Rent from $33.00 to $31.00 and set a “sector perform” rating on the stock in a report on Wednesday, March 4th. Finally, Barclays reduced their price objective on shares of American Homes 4 Rent from $33.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Friday, March 6th. Seven equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $35.21.

American Homes 4 Rent Stock Performance

NYSE:AMH opened at $30.12 on Wednesday. The company has a fifty day moving average of $29.55 and a 200-day moving average of $31.09. The firm has a market capitalization of $10.96 billion, a P/E ratio of 25.53, a P/E/G ratio of 4.29 and a beta of 0.79. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.66. American Homes 4 Rent has a twelve month low of $27.22 and a twelve month high of $39.49.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings results on Thursday, February 19th. The real estate investment trust reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.14). The company had revenue of $402.93 million during the quarter, compared to analyst estimates of $459.24 million. American Homes 4 Rent had a return on equity of 5.93% and a net margin of 24.48%.The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.45 earnings per share. American Homes 4 Rent has set its FY 2026 guidance at 1.890-1.950 EPS. As a group, sell-side analysts anticipate that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Friday, March 13th. This is a positive change from American Homes 4 Rent’s previous quarterly dividend of $0.30. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.4%. American Homes 4 Rent’s payout ratio is currently 111.86%.

About American Homes 4 Rent

American Homes 4 Rent (NYSE: AMH) is a publicly traded real estate investment trust (REIT) specializing in the acquisition, development and management of single-family rental homes. Since its initial public offering in April 2013, the company has focused on building a large-scale, professionally managed portfolio of homes designed to meet the needs of today’s renters. Its business model emphasizes the acquisition of well-located properties coupled with consistent, in-house property management to drive occupancy and long-term value.

As of the most recent reporting, American Homes 4 Rent owns and operates tens of thousands of homes across the United States, with concentration in key Sun Belt and high-growth markets.