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

Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of American Homes 4 Rent (NYSE:AMH) by 6.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 940,368 shares of the real estate investment trust’s stock after purchasing an additional 57,606 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in American Homes 4 Rent were worth $35,189,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Maryland Capital Advisors Inc. acquired a new position in American Homes 4 Rent during the 3rd quarter worth approximately $25,000. UMB Bank n.a. grew its stake in shares of American Homes 4 Rent by 331.9% during the third 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 in the last quarter. Assetmark Inc. increased its holdings in American Homes 4 Rent by 359.1% in the third quarter. Assetmark Inc. now owns 1,010 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 790 shares during the last quarter. V Square Quantitative Management LLC increased its holdings in American Homes 4 Rent by 31.6% in the third quarter. V Square Quantitative Management LLC now owns 1,144 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 275 shares during the last quarter. Finally, Catalyst Capital Advisors LLC purchased a new position in American Homes 4 Rent in the third quarter valued at $53,000. Institutional investors and hedge funds own 91.87% of the company’s stock.

American Homes 4 Rent Price Performance

Shares of AMH opened at $35.34 on Wednesday. American Homes 4 Rent has a fifty-two week low of $33.75 and a fifty-two week high of $41.41. The company has a market capitalization of $13.06 billion, a price-to-earnings ratio of 36.81, a price-to-earnings-growth ratio of 3.45 and a beta of 0.78. The firm has a 50-day simple moving average of $36.07 and a 200-day simple moving average of $37.45. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.58 and a current ratio of 0.58.

Insider Transactions at American Homes 4 Rent

In other news, COO Bryan Smith sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $37.80, for a total transaction of $1,512,000.00. Following the completion of the transaction, the chief operating officer now directly owns 125,580 shares of the company’s stock, valued at $4,746,924. This trade represents a 24.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Douglas N. Benham acquired 3,286 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were acquired at an average cost of $24.49 per share, with a total value of $80,474.14. Following the completion of the purchase, the director now owns 41,946 shares in the company, valued at approximately $1,027,257.54. This represents a 8.50 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 6.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Barclays dropped their target price on American Homes 4 Rent from $39.00 to $37.00 and set an “equal weight” rating on the stock in a report on Friday, January 24th. Deutsche Bank Aktiengesellschaft lowered American Homes 4 Rent from a “buy” rating to a “hold” rating and dropped their target price for the company from $40.00 to $37.00 in a report on Tuesday, January 21st. StockNews.com lowered American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Tuesday, December 3rd. Scotiabank lowered American Homes 4 Rent from a “sector outperform” rating to a “sector perform” rating and set a $38.00 target price on the stock. in a report on Thursday, January 23rd. Finally, Evercore ISI upgraded shares of American Homes 4 Rent from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $41.00 to $42.00 in a research note on Monday, November 11th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, American Homes 4 Rent presently has an average rating of “Moderate Buy” and an average target price of $40.67.

About American Homes 4 Rent

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.