Strs Ohio Has $51.38 Million Holdings in American Homes 4 Rent (NYSE:AMH)

Strs Ohio reduced its position in American Homes 4 Rent (NYSE:AMH - Free Report) by 14.4% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,428,874 shares of the real estate investment trust's stock after selling 239,573 shares during the quarter. Strs Ohio owned about 0.39% of American Homes 4 Rent worth $51,382,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Lecap Asset Management Ltd. purchased a new stake in shares of American Homes 4 Rent during the 4th quarter worth $2,124,000. NewEdge Wealth LLC boosted its position in shares of American Homes 4 Rent by 95.0% during the 4th quarter. NewEdge Wealth LLC now owns 14,085 shares of the real estate investment trust's stock worth $506,000 after purchasing an additional 6,861 shares in the last quarter. Capital Square LLC purchased a new stake in shares of American Homes 4 Rent during the 4th quarter worth $299,000. Tobam boosted its position in shares of American Homes 4 Rent by 2,192.9% during the 4th quarter. Tobam now owns 963 shares of the real estate investment trust's stock worth $35,000 after purchasing an additional 921 shares in the last quarter. Finally, Asset Management One Co. Ltd. boosted its position in shares of American Homes 4 Rent by 2.8% during the 4th quarter. Asset Management One Co. Ltd. now owns 719,112 shares of the real estate investment trust's stock worth $26,104,000 after purchasing an additional 19,812 shares in the last quarter. 91.87% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AMH has been the topic of several research analyst reports. Mizuho boosted their target price on shares of American Homes 4 Rent from $37.00 to $39.00 and gave the stock a "buy" rating in a research report on Wednesday, March 20th. Royal Bank of Canada reiterated an "outperform" rating and issued a $39.00 price objective on shares of American Homes 4 Rent in a research report on Monday, February 26th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of American Homes 4 Rent in a research report on Tuesday, January 30th. They issued a "buy" rating and a $40.00 price objective on the stock. Citigroup upgraded shares of American Homes 4 Rent from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $37.00 to $41.00 in a research report on Friday, March 22nd. Finally, StockNews.com lowered shares of American Homes 4 Rent from a "hold" rating to a "sell" rating in a research report on Wednesday, March 20th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $39.67.

Insider Activity

In other news, Director Matthew J. Hart sold 7,263 shares of the company's stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $36.76, for a total transaction of $266,987.88. Following the completion of the transaction, the director now owns 41,336 shares of the company's stock, valued at approximately $1,519,511.36. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director Matthew J. Hart sold 7,263 shares of the company's stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $36.76, for a total transaction of $266,987.88. Following the completion of the transaction, the director now owns 41,336 shares of the company's stock, valued at approximately $1,519,511.36. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Bryan Smith sold 50,000 shares of the company's stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $36.77, for a total transaction of $1,838,500.00. Following the transaction, the chief operating officer now directly owns 125,580 shares of the company's stock, valued at approximately $4,617,576.60. The disclosure for this sale can be found here. Insiders sold a total of 60,263 shares of company stock valued at $2,212,078 in the last 90 days. 6.05% of the stock is currently owned by insiders.

American Homes 4 Rent Trading Down 1.4 %

NYSE:AMH traded down $0.50 on Monday, reaching $35.06. The stock had a trading volume of 1,330,423 shares, compared to its average volume of 3,520,007. The company has a market cap of $12.84 billion, a price-to-earnings ratio of 35.06, a P/E/G ratio of 2.73 and a beta of 0.70. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.46 and a quick ratio of 0.46. The firm's fifty day moving average is $35.84 and its two-hundred day moving average is $35.36. American Homes 4 Rent has a 12-month low of $31.36 and a 12-month high of $37.97.

American Homes 4 Rent Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a dividend of $0.26 per share. The ex-dividend date was Thursday, March 14th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.97%. This is an increase from American Homes 4 Rent's previous quarterly dividend of $0.22. American Homes 4 Rent's dividend payout ratio is currently 104.00%.

American Homes 4 Rent Company Profile

AMH NYSE: AMH is a leading large-scale integrated owner, operator and developer of single-family rental homes. We're an internally managed Maryland real estate investment trust (REIT) focused on acquiring, developing, renovating, leasing and managing homes as rental properties. Our goal is to simplify the experience of leasing a home and deliver peace of mind to households across the country.