Sumitomo Mitsui Trust Group Inc. Boosts Holdings in American Homes 4 Rent (NYSE:AMH)

Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 101.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,889,918 shares of the real estate investment trust's stock after purchasing an additional 949,550 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.51% of American Homes 4 Rent worth $71,458,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Mountain Hill Investment Partners Corp. bought a new position in shares of American Homes 4 Rent in the 4th quarter worth $26,000. Golden State Wealth Management LLC purchased a new stake in American Homes 4 Rent during the first quarter valued at about $29,000. Parallel Advisors LLC boosted its holdings in shares of American Homes 4 Rent by 171.1% in the 1st quarter. Parallel Advisors LLC now owns 843 shares of the real estate investment trust's stock worth $32,000 after purchasing an additional 532 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of American Homes 4 Rent by 56.6% in the 4th quarter. Jones Financial Companies Lllp now owns 1,084 shares of the real estate investment trust's stock worth $41,000 after purchasing an additional 392 shares in the last quarter. Finally, Opal Wealth Advisors LLC bought a new position in shares of American Homes 4 Rent during the 1st quarter valued at about $42,000. 91.87% of the stock is currently owned by institutional investors.

Insider Transactions at American Homes 4 Rent

In related news, CAO Sara H. Vogt-Lowell sold 42,500 shares of the business's stock in a transaction dated 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 owned 99,214 shares of the company's stock, valued at $3,870,338.14. The trade was a 29.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jack E. Corrigan bought 4,000 shares of the stock in a transaction dated Thursday, June 12th. The shares were 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 of the company's stock, valued at approximately $343,950. The trade was a 36.36% increase in their position. The disclosure for this purchase can be found here. Company insiders own 6.01% of the company's stock.

Analyst Ratings Changes

AMH has been the topic of a number of recent research reports. Evercore ISI increased their price target on shares of American Homes 4 Rent from $40.00 to $41.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. Wall Street Zen raised shares of American Homes 4 Rent from a "sell" rating to a "hold" rating in a report on Tuesday, May 6th. Morgan Stanley upped their price target on shares of American Homes 4 Rent from $39.00 to $40.50 and gave the company an "overweight" rating in a research report on Thursday, May 22nd. Citigroup lowered American Homes 4 Rent from a "buy" rating to a "neutral" rating and set a $41.00 target price for the company. in a research note on Friday, June 6th. Finally, Raymond James Financial increased their target price on American Homes 4 Rent from $39.00 to $43.00 and gave the company an "outperform" rating in a report on Friday, May 9th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, American Homes 4 Rent currently has an average rating of "Moderate Buy" and an average price target of $40.90.

American Homes 4 Rent Stock Down 1.3%

American Homes 4 Rent stock traded down $0.48 during trading hours on Wednesday, hitting $35.26. 460,334 shares of the stock traded hands, compared to its average volume of 2,212,112. American Homes 4 Rent has a one year low of $31.68 and a one year high of $41.41. The company has a market cap of $13.05 billion, a PE ratio of 32.69, a PEG ratio of 3.75 and a beta of 0.74. The firm's 50-day moving average price is $37.31 and its two-hundred day moving average price is $36.38. 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 - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.01. The company had revenue of $459.28 million for the quarter, compared to analysts' expectations of $449.00 million. American Homes 4 Rent had a return on equity of 5.45% and a net margin of 23.41%. The firm's revenue for the quarter was up 8.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.43 earnings per share. On average, research analysts forecast that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $1.20 annualized dividend and a dividend yield of 3.40%. American Homes 4 Rent's payout ratio is 111.11%.

American Homes 4 Rent 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.