Sumitomo Mitsui DS Asset Management Company Ltd Has $3.92 Million Stake in American Homes 4 Rent (NYSE:AMH)

Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of American Homes 4 Rent (NYSE:AMH) by 16.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 103,691 shares of the real estate investment trust’s stock after acquiring an additional 14,278 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in American Homes 4 Rent were worth $3,921,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Alyeska Investment Group L.P. lifted its holdings in American Homes 4 Rent by 185.2% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,989,260 shares of the real estate investment trust’s stock worth $74,438,000 after buying an additional 1,291,865 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in American Homes 4 Rent by 4.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 196,084 shares of the real estate investment trust’s stock worth $7,337,000 after buying an additional 8,370 shares during the period. Clearbridge Investments LLC lifted its holdings in American Homes 4 Rent by 26.3% during the 4th quarter. Clearbridge Investments LLC now owns 2,821,944 shares of the real estate investment trust’s stock worth $105,597,000 after buying an additional 588,302 shares during the period. PGGM Investments lifted its holdings in American Homes 4 Rent by 7.3% during the 4th quarter. PGGM Investments now owns 1,062,538 shares of the real estate investment trust’s stock worth $39,760,000 after buying an additional 71,890 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in American Homes 4 Rent by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,334,035 shares of the real estate investment trust’s stock worth $162,180,000 after buying an additional 110,022 shares during the period. Institutional investors and hedge funds own 91.87% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on AMH. Keefe, Bruyette & Woods lifted their target price on American Homes 4 Rent from $38.00 to $40.00 and gave the stock a “market perform” rating in a report on Tuesday, May 6th. Royal Bank Of Canada lifted their target price on American Homes 4 Rent from $39.00 to $41.00 and gave the stock an “outperform” rating in a report on Monday, May 5th. Citigroup downgraded American Homes 4 Rent from a “buy” rating to a “neutral” rating and set a $41.00 target price on the stock. in a report on Friday, June 6th. Raymond James Financial lifted their target price on American Homes 4 Rent from $39.00 to $43.00 and gave the stock an “outperform” rating in a report on Friday, May 9th. Finally, Morgan Stanley lifted their price objective on American Homes 4 Rent from $39.00 to $40.50 and gave the stock an “overweight” rating in a research report on Thursday, May 22nd. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $40.90.

American Homes 4 Rent Stock Performance

Shares of American Homes 4 Rent stock opened at $35.88 on Friday. American Homes 4 Rent has a one year low of $31.68 and a one year high of $41.41. The firm has a market capitalization of $13.28 billion, a price-to-earnings ratio of 33.22, a PEG ratio of 3.68 and a beta of 0.74. The business has a 50-day simple moving average of $37.26 and a 200 day simple moving average of $36.36. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.52 and a quick ratio of 0.52.

American Homes 4 Rent (NYSE:AMH) last issued its 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. American Homes 4 Rent had a return on equity of 5.45% and a net margin of 23.41%. The business had revenue of $459.28 million during the quarter, compared to analyst estimates of $449.00 million. During the same period in the previous year, the company posted $0.43 EPS. The firm’s revenue was up 8.4% compared to the same quarter last year. On average, research analysts anticipate that American Homes 4 Rent will post 1.85 earnings per share for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date was Friday, June 13th. American Homes 4 Rent’s dividend payout ratio is currently 111.11%.

Insider Activity at American Homes 4 Rent

In related news, Director Jack E. Corrigan acquired 4,000 shares of the stock in a transaction dated Thursday, June 12th. The stock was purchased at an average cost of $22.93 per share, with a total value of $91,720.00. Following the completion of the purchase, the director directly owned 15,000 shares in the company, valued at $343,950. This trade represents a 36.36% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Sara H. Vogt-Lowell sold 42,500 shares of the stock in a transaction that occurred 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 sale, the chief accounting officer directly owned 99,214 shares of the company’s stock, valued at approximately $3,870,338.14. This trade represents a 29.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 6.32% of the company’s stock.

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.