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

Sumitomo Mitsui Trust Holdings Inc. lowered its holdings in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 33.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,066,052 shares of the real estate investment trust's stock after selling 526,709 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.29% of American Homes 4 Rent worth $38,335,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of AMH. Norges Bank purchased a new position in American Homes 4 Rent during the fourth quarter worth approximately $619,235,000. Price T Rowe Associates Inc. MD raised its holdings in shares of American Homes 4 Rent by 5,494.4% during the second quarter. Price T Rowe Associates Inc. MD now owns 4,876,063 shares of the real estate investment trust's stock valued at $172,808,000 after acquiring an additional 4,788,904 shares during the last quarter. Centersquare Investment Management LLC raised its holdings in shares of American Homes 4 Rent by 725.9% during the first quarter. Centersquare Investment Management LLC now owns 4,816,638 shares of the real estate investment trust's stock valued at $192,810,000 after acquiring an additional 4,233,435 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of American Homes 4 Rent by 8.9% during the first quarter. Vanguard Group Inc. now owns 43,405,083 shares of the real estate investment trust's stock valued at $1,737,505,000 after acquiring an additional 3,533,157 shares during the last quarter. Finally, State Street Corp raised its holdings in shares of American Homes 4 Rent by 20.1% during the first quarter. State Street Corp now owns 12,861,103 shares of the real estate investment trust's stock valued at $514,830,000 after acquiring an additional 2,154,704 shares during the last quarter. Hedge funds and other institutional investors own 91.87% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. StockNews.com cut American Homes 4 Rent from a "hold" rating to a "sell" rating in a report on Wednesday, March 20th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $39.00 price target on shares of American Homes 4 Rent in a report on Monday, February 26th. BNP Paribas started coverage on American Homes 4 Rent in a report on Monday, January 22nd. They issued an "outperform" rating and a $42.00 price target for the company. Raymond James increased their price target on American Homes 4 Rent from $40.00 to $41.00 and gave the company an "outperform" rating in a report on Thursday, March 28th. Finally, Deutsche Bank Aktiengesellschaft started coverage on American Homes 4 Rent in a report on Tuesday, January 30th. They issued a "buy" rating and a $40.00 price target for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, American Homes 4 Rent currently has an average rating of "Moderate Buy" and a consensus target price of $39.67.

American Homes 4 Rent Trading Up 0.7 %

Shares of AMH traded up $0.24 during midday trading on Friday, hitting $35.27. 2,657,299 shares of the stock were exchanged, compared to its average volume of 1,773,236. American Homes 4 Rent has a 52-week low of $31.36 and a 52-week high of $37.97. The stock has a fifty day simple moving average of $35.84 and a 200 day simple moving average of $35.41. The firm has a market cap of $12.91 billion, a P/E ratio of 35.27, a P/E/G ratio of 2.71 and a beta of 0.70. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.46 and a current ratio of 0.46.

American Homes 4 Rent Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a $0.26 dividend. The ex-dividend date was Thursday, March 14th. This is a positive change from American Homes 4 Rent's previous quarterly dividend of $0.22. This represents a $1.04 dividend on an annualized basis and a yield of 2.95%. American Homes 4 Rent's dividend payout ratio (DPR) is 104.00%.

Insider Activity at American Homes 4 Rent

In related news, COO Bryan Smith sold 50,000 shares of American Homes 4 Rent stock in a transaction on Friday, March 8th. The stock was sold at an average price of $36.77, for a total value of $1,838,500.00. Following the completion of the transaction, the chief operating officer now directly owns 125,580 shares in the company, valued at $4,617,576.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other American Homes 4 Rent news, Director Matthew J. Hart sold 7,263 shares of American Homes 4 Rent stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $36.76, for a total transaction of $266,987.88. Following the completion of the sale, the director now directly owns 41,336 shares of the company's stock, valued at approximately $1,519,511.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Bryan Smith sold 50,000 shares of American Homes 4 Rent stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $36.77, for a total value of $1,838,500.00. Following the sale, the chief operating officer now directly owns 125,580 shares of the company's stock, valued at $4,617,576.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 60,263 shares of company stock worth $2,212,078. Company insiders own 6.32% of the company's stock.

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.