Fifth Third Bancorp Has $595,000 Stock Holdings in American Homes 4 Rent (NYSE:AMH)

Fifth Third Bancorp lessened its stake in American Homes 4 Rent (NYSE:AMH) by 6.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,749 shares of the real estate investment trust’s stock after selling 1,088 shares during the period. Fifth Third Bancorp’s holdings in American Homes 4 Rent were worth $595,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of American Homes 4 Rent by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 44,948,804 shares of the real estate investment trust’s stock worth $1,681,984,000 after purchasing an additional 240,583 shares during the period. Norges Bank bought a new stake in shares of American Homes 4 Rent in the fourth quarter valued at about $822,019,000. JPMorgan Chase & Co. raised its holdings in shares of American Homes 4 Rent by 5.3% in the fourth quarter. JPMorgan Chase & Co. now owns 13,805,224 shares of the real estate investment trust’s stock valued at $516,591,000 after purchasing an additional 689,741 shares during the last quarter. FMR LLC lifted its position in American Homes 4 Rent by 9.2% during the 4th quarter. FMR LLC now owns 8,983,364 shares of the real estate investment trust’s stock worth $336,157,000 after buying an additional 757,772 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in American Homes 4 Rent by 8.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 8,721,356 shares of the real estate investment trust’s stock valued at $326,355,000 after purchasing an additional 675,077 shares during the last quarter. Institutional investors and hedge funds own 91.87% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AMH. Mizuho decreased their price objective on shares of American Homes 4 Rent from $41.00 to $37.00 and set an “outperform” rating for the company in a research report on Thursday, March 13th. Citigroup downgraded shares of American Homes 4 Rent from a “buy” rating to a “neutral” rating and set a $41.00 price target on the stock. in a research note on Friday, June 6th. Scotiabank lifted their price objective on American Homes 4 Rent from $38.00 to $41.00 and gave the company a “sector perform” rating in a report on Monday, May 12th. Barclays increased their price target on shares of American Homes 4 Rent from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 12th. Finally, Raymond James Financial boosted their target price on American Homes 4 Rent from $39.00 to $43.00 and gave the stock an “outperform” rating in a research note on Friday, May 9th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, American Homes 4 Rent currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.90.

Insider Activity at American Homes 4 Rent

In other news, Director Jack E. Corrigan bought 4,000 shares of the firm’s stock in a transaction that occurred on Monday, May 5th. The shares were acquired at an average price of $23.42 per share, with a total value of $93,680.00. Following the acquisition, the director now owns 12,000 shares of the company’s stock, valued at approximately $281,040. The trade was a 50.00% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Sara H. Vogt-Lowell sold 42,500 shares of American Homes 4 Rent stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $39.01, for a total transaction of $1,657,925.00. Following the sale, the chief accounting officer now owns 99,214 shares of the company’s stock, valued at approximately $3,870,338.14. The trade was a 29.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.01% of the stock is currently owned by insiders.

American Homes 4 Rent Stock Up 1.1%

Shares of AMH opened at $36.44 on Wednesday. The stock’s 50-day moving average price is $37.27 and its two-hundred day moving average price is $36.47. American Homes 4 Rent has a 12 month low of $31.68 and a 12 month high of $41.41. The company has a market capitalization of $13.49 billion, a PE ratio of 33.74, a PEG ratio of 3.76 and a beta of 0.76. 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:AMH) last issued its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.01. The business had revenue of $459.28 million for the quarter, compared to analysts’ expectations of $449.00 million. American Homes 4 Rent had a net margin of 23.41% and a return on equity of 5.45%. The business’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.43 earnings per share. On average, analysts anticipate that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.20 annualized dividend and a yield of 3.29%. American Homes 4 Rent’s dividend payout ratio (DPR) is currently 111.11%.

About American Homes 4 Rent

American Homes 4 Rent operates as a real estate investment trust. It engages in the acquisition, renovation, leasing, and operating of single-family homes as rental properties. The company was founded by Bradley Wayne Hughes, Sr. on October 19, 2012 and is headquartered in Las Vegas, NV.