Sumitomo Mitsui Trust Holdings Inc. Has $11.07 Million Holdings in American Homes 4 Rent (NYSE:AMH)

Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of American Homes 4 Rent (NYSE:AMH) by 45.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 427,671 shares of the real estate investment trust’s stock after acquiring an additional 132,868 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in American Homes 4 Rent were worth $11,072,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. acquired a new position in American Homes 4 Rent in the 3rd quarter valued at approximately $31,000. Quest Capital Management Inc. ADV bought a new stake in American Homes 4 Rent in the third quarter worth approximately $32,000. Steward Partners Investment Advisory LLC bought a new stake in American Homes 4 Rent in the second quarter worth approximately $78,000. Altshuler Shaham Ltd grew its position in American Homes 4 Rent by 87.7% in the second quarter. Altshuler Shaham Ltd now owns 3,662 shares of the real estate investment trust’s stock worth $89,000 after acquiring an additional 1,711 shares in the last quarter. Finally, Schroder Investment Management Group bought a new stake in American Homes 4 Rent in the second quarter worth approximately $123,000. Institutional investors and hedge funds own 87.33% of the company’s stock.

Shares of NYSE AMH traded up $0.12 during trading hours on Monday, hitting $25.83. 1,980,675 shares of the stock were exchanged, compared to its average volume of 2,082,320. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.05 and a quick ratio of 1.05. The company’s 50 day moving average is $25.95 and its 200 day moving average is $24.99. The firm has a market capitalization of $7.73 billion, a P/E ratio of 24.37, a P/E/G ratio of 2.16 and a beta of 0.60. American Homes 4 Rent has a one year low of $18.91 and a one year high of $26.67.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings data on Thursday, November 7th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.19). The firm had revenue of $298.30 million for the quarter, compared to the consensus estimate of $290.51 million. American Homes 4 Rent had a return on equity of 1.86% and a net margin of 10.02%. American Homes 4 Rent’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.27 earnings per share. Research analysts anticipate that American Homes 4 Rent will post 1.11 earnings per share for the current fiscal year.

Several analysts have commented on the stock. Goldman Sachs Group assumed coverage on shares of American Homes 4 Rent in a research report on Friday. They issued a “buy” rating and a $29.00 target price for the company. BTIG Research downgraded shares of American Homes 4 Rent from a “buy” rating to a “neutral” rating in a research report on Thursday, August 1st. They noted that the move was a valuation call. B. Riley set a $28.00 target price on shares of American Homes 4 Rent and gave the stock a “buy” rating in a research report on Friday, August 16th. Zacks Investment Research downgraded shares of American Homes 4 Rent from a “buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Finally, ValuEngine downgraded shares of American Homes 4 Rent from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $26.88.

In related news, COO Jack E. Corrigan sold 100,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $25.70, for a total transaction of $2,570,000.00. Following the completion of the sale, the chief operating officer now directly owns 100 shares of the company’s stock, valued at approximately $2,570. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Jack E. Corrigan sold 75,000 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $25.68, for a total transaction of $1,926,000.00. Following the sale, the chief operating officer now directly owns 100 shares of the company’s stock, valued at $2,568. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 275,000 shares of company stock valued at $7,060,600. 27.58% of the stock is owned by insiders.

American Homes 4 Rent Profile

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, renovating, leasing, and operating attractive, single-family homes as rental properties.

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Institutional Ownership by Quarter for American Homes 4 Rent (NYSE:AMH)

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