Sumitomo Mitsui DS Asset Management Company Ltd Has $1.30 Million Position in American Homes 4 Rent (NYSE:AMH)
Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of American Homes 4 Rent (NYSE:AMH – Get Rating) by 18.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,505 shares of the real estate investment trust’s stock after acquiring an additional 4,987 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in American Homes 4 Rent were worth $1,301,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the business. Tudor Investment Corp Et Al acquired a new position in American Homes 4 Rent during the third quarter worth $5,781,000. LPL Financial LLC boosted its stake in shares of American Homes 4 Rent by 67.1% during the 3rd quarter. LPL Financial LLC now owns 99,453 shares of the real estate investment trust’s stock worth $3,791,000 after buying an additional 39,929 shares during the last quarter. UBS Group AG grew its holdings in shares of American Homes 4 Rent by 395.8% in the 3rd quarter. UBS Group AG now owns 290,814 shares of the real estate investment trust’s stock valued at $11,085,000 after acquiring an additional 232,163 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of American Homes 4 Rent by 0.6% in the third quarter. Bank of New York Mellon Corp now owns 1,317,820 shares of the real estate investment trust’s stock valued at $50,235,000 after acquiring an additional 8,096 shares during the last quarter. Finally, Diversified Trust Co bought a new stake in American Homes 4 Rent during the fourth quarter worth about $301,000. 88.49% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have recently commented on the company. Evercore ISI set a $40.00 price objective on American Homes 4 Rent in a report on Monday, June 20th. Jefferies Financial Group decreased their price objective on shares of American Homes 4 Rent from $44.00 to $41.00 and set a “buy” rating for the company in a research report on Thursday. B. Riley decreased their price objective on shares of American Homes 4 Rent from $47.00 to $43.00 in a research report on Wednesday, May 11th. Raymond James reissued a “strong-buy” rating and issued a $45.00 price objective (down previously from $48.00) on shares of American Homes 4 Rent in a research report on Thursday, June 23rd. Finally, JPMorgan Chase & Co. decreased their price objective on shares of American Homes 4 Rent from $46.00 to $44.00 and set an “overweight” rating for the company in a research report on Tuesday, March 22nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $43.47.
AMH stock opened at $35.55 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.55. American Homes 4 Rent has a 12 month low of $32.60 and a 12 month high of $44.07. The firm has a market cap of $12.38 billion, a P/E ratio of 75.64, a P/E/G ratio of 2.89 and a beta of 0.58. The company’s 50-day moving average price is $36.63 and its two-hundred day moving average price is $38.95.
American Homes 4 Rent (NYSE:AMH – Get Rating) last released its earnings results on Thursday, May 5th. The real estate investment trust reported $0.16 EPS for the quarter, beating the consensus estimate of $0.11 by $0.05. American Homes 4 Rent had a net margin of 13.74% and a return on equity of 3.05%. The firm had revenue of $356.11 million for the quarter, compared to analyst estimates of $355.76 million. During the same period last year, the firm earned $0.32 EPS. The business’s quarterly revenue was up 13.9% compared to the same quarter last year. Equities analysts predict that American Homes 4 Rent will post 1.56 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Wednesday, June 15th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend was Tuesday, June 14th. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 153.19%.
In related news, Director Tamara Hughes Gustavson purchased 200,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 12th. The shares were bought at an average cost of $35.71 per share, with a total value of $7,142,000.00. Following the acquisition, the director now owns 8,830,956 shares of the company’s stock, valued at approximately $315,353,438.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have purchased a total of 200,706 shares of company stock worth $7,161,700 over the last ninety days. 6.03% of the stock is currently owned by insiders.
About American Homes 4 Rent (Get Rating)
American Homes 4 Rent (NYSE: AMH) is a leader in the single-family home rental industry and “American Homes 4 Rent” is fast becoming a nationally recognized brand for rental homes, known for high-quality, good value and tenant satisfaction. We are an internally managed Maryland real estate investment trust, or REIT, focused on acquiring, developing, renovating, leasing, and operating attractive, single-family homes as rental properties.
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