American Homes 4 Rent (NYSE:AMH) Shares Acquired by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of American Homes 4 Rent (NYSE:AMH) by 101.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,889,918 shares of the real estate investment trust’s stock after buying an additional 949,550 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.51% of American Homes 4 Rent worth $71,458,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. boosted its holdings in American Homes 4 Rent by 27.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,587 shares of the real estate investment trust’s stock valued at $511,000 after purchasing an additional 2,930 shares in the last quarter. Golden State Wealth Management LLC purchased a new stake in American Homes 4 Rent in the 1st quarter valued at approximately $29,000. Bessemer Group Inc. boosted its holdings in American Homes 4 Rent by 19.8% in the 1st quarter. Bessemer Group Inc. now owns 4,313 shares of the real estate investment trust’s stock valued at $163,000 after purchasing an additional 714 shares in the last quarter. Asset Management One Co. Ltd. boosted its holdings in American Homes 4 Rent by 3.4% in the 1st quarter. Asset Management One Co. Ltd. now owns 688,009 shares of the real estate investment trust’s stock valued at $26,014,000 after purchasing an additional 22,391 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its holdings in American Homes 4 Rent by 1.5% in the 1st quarter. State of Alaska Department of Revenue now owns 202,074 shares of the real estate investment trust’s stock valued at $7,639,000 after purchasing an additional 3,030 shares in the last quarter. Institutional investors and hedge funds own 91.87% of the company’s stock.

American Homes 4 Rent Price Performance

AMH stock opened at $36.06 on Tuesday. American Homes 4 Rent has a 1 year low of $31.68 and a 1 year high of $41.41. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.52 and a current ratio of 0.52. The stock’s 50 day moving average price is $37.34 and its 200 day moving average price is $36.38. The firm has a market cap of $13.35 billion, a P/E ratio of 33.39, a PEG ratio of 3.74 and a beta of 0.76.

American Homes 4 Rent (NYSE:AMH) last posted its earnings results on Thursday, May 1st. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.01. American Homes 4 Rent had a return on equity of 5.45% and a net margin of 23.41%. The firm had revenue of $459.28 million for the quarter, compared to analyst estimates of $449.00 million. During the same quarter in the prior year, the company earned $0.43 EPS. American Homes 4 Rent’s revenue was up 8.4% on a year-over-year basis. On average, sell-side analysts expect that American Homes 4 Rent will post 1.85 earnings per share for the current fiscal year.

American Homes 4 Rent Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were issued a $0.30 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $1.20 annualized dividend and a yield of 3.33%. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 111.11%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Morgan Stanley lifted their price objective on American Homes 4 Rent from $39.00 to $40.50 and gave the company an “overweight” rating in a report on Thursday, May 22nd. Royal Bank Of Canada lifted their price objective on American Homes 4 Rent from $39.00 to $41.00 and gave the company an “outperform” rating in a report on Monday, May 5th. Evercore ISI boosted their price target on American Homes 4 Rent from $40.00 to $41.00 and gave the stock an “outperform” rating in a research note on Friday, May 2nd. Scotiabank boosted their price target on American Homes 4 Rent from $38.00 to $41.00 and gave the stock a “sector perform” rating in a research note on Monday, May 12th. Finally, Mizuho decreased their price target on American Homes 4 Rent from $41.00 to $37.00 and set an “outperform” rating on the stock in a research note on Thursday, March 13th. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $40.90.

Insider Buying and Selling at American Homes 4 Rent

In other American Homes 4 Rent news, CAO Sara H. Vogt-Lowell sold 42,500 shares of the business’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $39.01, for a total value of $1,657,925.00. Following the completion of the transaction, the chief accounting officer directly owned 99,214 shares in the company, valued at approximately $3,870,338.14. The trade was a 29.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jack E. Corrigan purchased 4,000 shares of the business’s stock in a transaction on Thursday, June 12th. The stock was acquired at an average price of $22.93 per share, with a total value of $91,720.00. Following the completion of the acquisition, the director directly owned 15,000 shares in the company, valued at $343,950. The trade was a 36.36% increase in their position. The disclosure for this purchase can be found here. Insiders own 6.01% of the company’s stock.

American Homes 4 Rent Company Profile

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.