Sumitomo Mitsui DS Asset Management Company Ltd Purchases 2,939 Shares of 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) by 3.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 89,413 shares of the real estate investment trust’s stock after purchasing an additional 2,939 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in American Homes 4 Rent were worth $3,346,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. boosted its stake in American Homes 4 Rent by 24.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,588 shares of the real estate investment trust’s stock worth $59,000 after buying an additional 310 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of American Homes 4 Rent by 25.1% in the 3rd quarter. GAMMA Investing LLC now owns 3,588 shares of the real estate investment trust’s stock valued at $138,000 after purchasing an additional 720 shares in the last quarter. UMB Bank n.a. boosted its stake in shares of 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 in the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in shares of American Homes 4 Rent by 548.8% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 9,103 shares of the real estate investment trust’s stock valued at $349,000 after purchasing an additional 7,700 shares during the last quarter. Finally, Exchange Traded Concepts LLC raised its position in American Homes 4 Rent by 556.1% in the 3rd quarter. Exchange Traded Concepts LLC now owns 21,928 shares of the real estate investment trust’s stock worth $842,000 after purchasing an additional 18,586 shares during the period. 91.87% of the stock is owned by hedge funds and other institutional investors.

American Homes 4 Rent Price Performance

Shares of NYSE AMH opened at $35.54 on Monday. American Homes 4 Rent has a 1 year low of $33.75 and a 1 year high of $41.41. The stock has a market capitalization of $13.13 billion, a P/E ratio of 37.02, a P/E/G ratio of 3.45 and a beta of 0.78. The company’s 50-day moving average is $36.16 and its 200 day moving average is $37.45. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.58 and a quick ratio of 0.58.

Insider Buying and Selling at American Homes 4 Rent

In other American Homes 4 Rent news, Director Douglas N. Benham purchased 3,286 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was bought at an average cost of $24.49 per share, with a total value of $80,474.14. Following the transaction, the director now directly owns 41,946 shares in the company, valued at approximately $1,027,257.54. The trade was a 8.50 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Bryan Smith sold 40,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief operating officer now owns 125,580 shares in the company, valued at approximately $4,746,924. This trade represents a 24.16 % decrease in their position. The disclosure for this sale can be found here. Insiders own 6.32% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft lowered shares of American Homes 4 Rent from a “buy” rating to a “hold” rating and cut their price target for the company from $40.00 to $37.00 in a research report on Tuesday, January 21st. Scotiabank lowered American Homes 4 Rent from a “sector outperform” rating to a “sector perform” rating and set a $38.00 price target on the stock. in a research report on Thursday, January 23rd. Barclays lowered their price objective on American Homes 4 Rent from $39.00 to $37.00 and set an “equal weight” rating for the company in a research report on Friday, January 24th. StockNews.com cut shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Tuesday, December 3rd. Finally, Morgan Stanley raised shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $39.00 to $40.00 in a research note on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $40.67.

American Homes 4 Rent Company Profile

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.