Sumitomo Mitsui Trust Group Inc. Sells 305,491 Shares of American Homes 4 Rent $AMH

Sumitomo Mitsui Trust Group Inc. lessened its stake in American Homes 4 Rent (NYSE:AMH) by 14.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,762,360 shares of the real estate investment trust’s stock after selling 305,491 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.49% of American Homes 4 Rent worth $53,558,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of American Homes 4 Rent during the third quarter worth $38,000. MGO One Seven LLC increased its position in American Homes 4 Rent by 18.9% in the 3rd quarter. MGO One Seven LLC now owns 12,173 shares of the real estate investment trust’s stock worth $370,000 after purchasing an additional 1,938 shares during the last quarter. State of Wyoming increased its position in American Homes 4 Rent by 85.4% in the 3rd quarter. State of Wyoming now owns 12,613 shares of the real estate investment trust’s stock worth $383,000 after purchasing an additional 5,810 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of American Homes 4 Rent during the 3rd quarter worth about $304,000. Finally, Asset Management One Co. Ltd. raised its stake in shares of American Homes 4 Rent by 3.2% during the 3rd quarter. Asset Management One Co. Ltd. now owns 546,997 shares of the real estate investment trust’s stock worth $16,623,000 after purchasing an additional 16,995 shares in the last quarter. Institutional investors and hedge funds own 91.87% of the company’s stock.

Insider Buying and Selling

In other news, Director Jack Corrigan purchased 8,000 shares of the business’s stock in a transaction on Friday, September 11th. The stock was purchased at an average price of $21.49 per share, with a total value of $171,920.00. Following the acquisition, the director directly owned 25,000 shares in the company, valued at approximately $537,250. The trade was a 47.06% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Over the last ninety days, insiders purchased 15,000 shares of company stock valued at $328,040. Corporate insiders own 5.70% of the company’s stock.

Wall Street Analysts Forecast Growth

AMH has been the subject of several research reports. Wells Fargo & Company reduced their price target on American Homes 4 Rent from $38.00 to $34.00 and set an “overweight” rating for the company in a report on Monday, October 19th. Royal Bank Of Canada reduced their target price on shares of American Homes 4 Rent from $37.00 to $35.00 and set an “outperform” rating for the company in a research note on Tuesday, October 13th. Morgan Stanley decreased their target price on shares of American Homes 4 Rent from $38.50 to $38.00 and set an “overweight” rating for the company in a research report on Wednesday, August 12th. Weiss Ratings restated a “hold (c)” rating on shares of American Homes 4 Rent in a report on Monday, August 17th. Finally, Jefferies Financial Group raised American Homes 4 Rent to a “strong-buy” rating in a research report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, American Homes 4 Rent presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.94.

American Homes 4 Rent Price Performance

Shares of American Homes 4 Rent stock opened at $32.63 on Thursday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.59 and a quick ratio of 0.59. American Homes 4 Rent has a fifty-two week low of $27.22 and a fifty-two week high of $35.07. The firm has a fifty day moving average price of $31.51 and a two-hundred day moving average price of $31.62. The company has a market cap of $11.77 billion, a PE ratio of 25.90, a price-to-earnings-growth ratio of 4.81 and a beta of 0.76.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings results on Wednesday, November 4th. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.32. The company had revenue of $498.07 million for the quarter, compared to analyst estimates of $488.73 million. American Homes 4 Rent had a net margin of 25.53% and a return on equity of 6.25%. The business’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period last year, the business posted $0.47 EPS. Analysts expect that American Homes 4 Rent will post 1.91 EPS for the current year.

American Homes 4 Rent Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 4.0%. The ex-dividend date was Tuesday, September 15th. American Homes 4 Rent’s payout ratio is currently 104.76%.

American Homes 4 Rent Profile

American Homes 4 Rent (NYSE:AMH) is a real estate investment trust that owns, operates and develops single-family rental homes in the United States. The company provides professionally managed rental housing to individuals and families, with properties generally located in suburban communities and designed for long-term occupancy.

The company’s activities include acquiring, constructing, renovating, leasing and maintaining single-family homes. Its portfolio includes detached houses with features such as private yards, garages and modern appliances.