American Homes 4 Rent (NYSE:AMH) Stock Holdings Raised by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in American Homes 4 Rent (NYSE:AMHGet Rating) by 76.9% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 57,486 shares of the real estate investment trust’s stock after purchasing an additional 24,981 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in American Homes 4 Rent were worth $2,037,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of AMH. Manning & Napier Group LLC boosted its holdings in shares of American Homes 4 Rent by 43.0% in the 2nd quarter. Manning & Napier Group LLC now owns 250,717 shares of the real estate investment trust’s stock valued at $8,884,000 after buying an additional 75,449 shares during the period. Arden Trust Co acquired a new position in shares of American Homes 4 Rent in the 2nd quarter valued at about $311,000. Sugarloaf Wealth Management LLC acquired a new position in shares of American Homes 4 Rent in the 2nd quarter valued at about $63,000. DnB Asset Management AS acquired a new position in shares of American Homes 4 Rent in the 2nd quarter valued at about $1,339,000. Finally, AdvisorNet Financial Inc boosted its holdings in shares of American Homes 4 Rent by 253.2% in the 2nd quarter. AdvisorNet Financial Inc now owns 1,116 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 800 shares during the period. Institutional investors own 88.49% of the company’s stock.

Insider Buying and Selling

In related news, COO Bryan Smith sold 5,519 shares of the business’s stock in a transaction that occurred on Thursday, September 15th. The shares were sold at an average price of $35.67, for a total value of $196,862.73. Following the sale, the chief operating officer now directly owns 81,287 shares in the company, valued at approximately $2,899,507.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Tamara Hughes Gustavson purchased 281,695 shares of the business’s stock in a transaction dated Wednesday, September 7th. The shares were acquired at an average price of $36.40 per share, for a total transaction of $10,253,698.00. Following the completion of the acquisition, the director now directly owns 269,470 shares of the company’s stock, valued at $9,808,708. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Bryan Smith sold 5,519 shares of the business’s stock in a transaction that occurred on Thursday, September 15th. The shares were sold at an average price of $35.67, for a total transaction of $196,862.73. Following the sale, the chief operating officer now owns 81,287 shares in the company, valued at approximately $2,899,507.29. The disclosure for this sale can be found here. Insiders own 6.03% of the company’s stock.

American Homes 4 Rent Stock Up 0.2 %

AMH stock opened at $34.02 on Friday. American Homes 4 Rent has a 52 week low of $32.60 and a 52 week high of $44.07. The company has a market capitalization of $11.85 billion, a price-to-earnings ratio of 59.69, a price-to-earnings-growth ratio of 3.13 and a beta of 0.60. The firm’s 50-day moving average is $36.54 and its two-hundred day moving average is $37.41. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.63.

American Homes 4 Rent (NYSE:AMHGet Rating) last released its quarterly earnings results on Thursday, August 4th. The real estate investment trust reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.22). American Homes 4 Rent had a return on equity of 3.46% and a net margin of 15.67%. The company had revenue of $361.90 million for the quarter, compared to the consensus estimate of $362.35 million. During the same quarter last year, the firm posted $0.33 earnings per share. The firm’s quarterly revenue was up 15.4% compared to the same quarter last year. On average, analysts forecast that American Homes 4 Rent will post 1.56 earnings per share for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 15th will be issued a $0.18 dividend. The ex-dividend date is Wednesday, September 14th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.12%. American Homes 4 Rent’s payout ratio is currently 126.32%.

Analyst Ratings Changes

Several research firms have recently commented on AMH. Mizuho decreased their price target on shares of American Homes 4 Rent from $44.00 to $42.00 and set a “buy” rating for the company in a report on Wednesday, July 6th. StockNews.com raised shares of American Homes 4 Rent from a “sell” rating to a “hold” rating in a research note on Thursday. Raymond James reissued a “strong-buy” rating and set a $45.00 target price (down from $48.00) on shares of American Homes 4 Rent in a research note on Thursday, June 23rd. Capital One Financial assumed coverage on shares of American Homes 4 Rent in a research note on Friday, July 8th. They set an “overweight” rating and a $43.00 target price for the company. Finally, Credit Suisse Group reduced their target price on shares of American Homes 4 Rent from $44.00 to $36.00 and set a “neutral” rating for the company in a research note on Thursday, June 23rd. Six analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.07.

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.

Further Reading

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Institutional Ownership by Quarter for American Homes 4 Rent (NYSE:AMH)

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