Sumitomo Mitsui Trust Group Inc. Has $33.89 Million Position in American Homes 4 Rent (NYSE:AMH)

Sumitomo Mitsui Trust Group Inc. lessened its holdings in shares of American Homes 4 Rent (NYSE:AMH) by 11.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 882,762 shares of the real estate investment trust’s stock after selling 109,783 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.24% of American Homes 4 Rent worth $33,889,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Maryland Capital Advisors Inc. bought a new stake in shares of American Homes 4 Rent in the third quarter valued at approximately $25,000. UMB Bank n.a. boosted its holdings in American Homes 4 Rent by 331.9% in the 3rd quarter. UMB Bank n.a. now owns 786 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 604 shares during the period. V Square Quantitative Management LLC acquired a new stake in American Homes 4 Rent in the 2nd quarter worth $32,000. Assetmark Inc. increased its holdings in shares of American Homes 4 Rent by 359.1% during the 3rd quarter. Assetmark Inc. now owns 1,010 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 790 shares during the period. Finally, Wetzel Investment Advisors Inc. acquired a new position in shares of American Homes 4 Rent during the second quarter valued at about $44,000. Institutional investors and hedge funds own 91.87% of the company’s stock.

American Homes 4 Rent Stock Performance

NYSE AMH opened at $37.60 on Friday. American Homes 4 Rent has a 1-year low of $33.75 and a 1-year high of $41.41. The company has a 50 day moving average of $38.17 and a 200-day moving average of $37.37. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.59. The firm has a market cap of $13.89 billion, a price-to-earnings ratio of 39.17, a PEG ratio of 3.27 and a beta of 0.77.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.23). The business had revenue of $445.06 million for the quarter, compared to analyst estimates of $443.81 million. American Homes 4 Rent had a net margin of 21.51% and a return on equity of 4.76%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.41 earnings per share. On average, equities analysts forecast that American Homes 4 Rent will post 1.77 earnings per share for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a dividend of $0.26 per share. The ex-dividend date is Friday, December 13th. This represents a $1.04 annualized dividend and a yield of 2.77%. American Homes 4 Rent’s dividend payout ratio (DPR) is 108.33%.

Analyst Ratings Changes

A number of research firms recently weighed in on AMH. Royal Bank of Canada lifted their target price on American Homes 4 Rent from $41.00 to $42.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. StockNews.com lowered American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Thursday, October 24th. UBS Group lifted their price target on shares of American Homes 4 Rent from $37.00 to $40.00 and gave the stock a “neutral” rating in a research note on Friday, August 16th. Scotiabank reissued an “outperform” rating and issued a $42.00 price target on shares of American Homes 4 Rent in a report on Wednesday, August 21st. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of American Homes 4 Rent from $39.00 to $38.00 and set a “market perform” rating for the company in a report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $41.60.

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.