Nomura Asset Management Co. Ltd. Reduces Position in American Homes 4 Rent (NYSE:AMH)

Nomura Asset Management Co. Ltd. trimmed its holdings in American Homes 4 Rent (NYSE:AMH) by 1.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 481,713 shares of the real estate investment trust’s stock after selling 5,590 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in American Homes 4 Rent were worth $18,493,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Maryland Capital Advisors Inc. purchased a new stake in shares of American Homes 4 Rent in the third quarter valued at about $25,000. UMB Bank n.a. grew its holdings in shares of American Homes 4 Rent by 331.9% during the 3rd quarter. UMB Bank n.a. now owns 786 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 604 shares during the period. V Square Quantitative Management LLC purchased a new position in shares of American Homes 4 Rent during the 2nd quarter worth $32,000. Assetmark Inc. increased its position 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 last quarter. Finally, Wetzel Investment Advisors Inc. purchased a new stake in shares of American Homes 4 Rent in the 2nd quarter valued at approximately $44,000. 91.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at American Homes 4 Rent

In related news, COO Bryan Smith sold 40,000 shares of the company’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $37.80, for a total transaction of $1,512,000.00. Following the transaction, the chief operating officer now owns 125,580 shares of the company’s stock, valued at $4,746,924. This represents a 24.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Douglas N. Benham bought 3,286 shares of the firm’s stock in a transaction on Thursday, December 5th. The shares were bought at an average price of $24.49 per share, for a total transaction of $80,474.14. Following the completion of the transaction, the director now directly owns 41,946 shares in the company, valued at approximately $1,027,257.54. This represents a 8.50 % increase in their position. The disclosure for this purchase can be found here. 6.05% of the stock is currently owned by corporate insiders.

American Homes 4 Rent Trading Down 0.3 %

NYSE AMH opened at $37.58 on Wednesday. The firm’s fifty day moving average is $37.55 and its two-hundred day moving average is $37.56. American Homes 4 Rent has a one year low of $33.75 and a one year high of $41.41. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.58 and a current ratio of 0.58. The firm has a market cap of $13.89 billion, a PE ratio of 39.15, a P/E/G ratio of 3.29 and a beta of 0.78.

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

American Homes 4 Rent Announces Dividend

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

Analysts Set New Price Targets

AMH has been the subject of a number of research analyst reports. StockNews.com cut shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Tuesday, December 3rd. Evercore ISI raised American Homes 4 Rent from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $41.00 to $42.00 in a research report on Monday, November 11th. Mizuho increased their price target on shares of American Homes 4 Rent from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Thursday, October 10th. Wells Fargo & Company upgraded American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $36.00 to $42.00 in a report on Monday, August 26th. Finally, JPMorgan Chase & Co. boosted their price target on shares of American Homes 4 Rent from $38.00 to $43.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. One analyst has rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, American Homes 4 Rent has a consensus rating of “Moderate Buy” and an average target price of $41.60.

American Homes 4 Rent 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.