Public Employees Retirement System of Ohio lowered its stake in shares of American Homes 4 Rent (NYSE:AMH – Free Report) by 2.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 573,768 shares of the real estate investment trust’s stock after selling 12,599 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in American Homes 4 Rent were worth $22,027,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of AMH. Janus Henderson Group PLC lifted its position in American Homes 4 Rent by 2,150.3% during the 3rd quarter. Janus Henderson Group PLC now owns 1,935,007 shares of the real estate investment trust’s stock worth $74,276,000 after acquiring an additional 1,849,020 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in American Homes 4 Rent by 783.3% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,107,227 shares of the real estate investment trust’s stock valued at $42,507,000 after buying an additional 981,872 shares during the last quarter. FMR LLC increased its holdings in American Homes 4 Rent by 12.9% in the 3rd quarter. FMR LLC now owns 8,225,592 shares of the real estate investment trust’s stock worth $315,780,000 after buying an additional 937,116 shares during the period. Marshall Wace LLP purchased a new position in American Homes 4 Rent during the 2nd quarter worth approximately $17,367,000. Finally, Van Lanschot Kempen Investment Management N.V. lifted its stake in American Homes 4 Rent by 39.3% during the 2nd quarter. Van Lanschot Kempen Investment Management N.V. now owns 1,437,568 shares of the real estate investment trust’s stock valued at $53,420,000 after acquiring an additional 405,468 shares during the period. 91.87% of the stock is owned by hedge funds and other institutional investors.
American Homes 4 Rent Stock Down 0.3 %
AMH stock opened at $37.58 on Wednesday. American Homes 4 Rent has a 52 week low of $33.75 and a 52 week high of $41.41. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.59. The firm has a 50-day simple moving average of $37.55 and a 200-day simple moving average of $37.56. The stock has a market capitalization of $13.89 billion, a P/E ratio of 39.15, a P/E/G ratio of 3.29 and a beta of 0.78.
American Homes 4 Rent Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a $0.26 dividend. The ex-dividend date of this dividend 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 payout ratio is currently 108.33%.
Insiders Place Their Bets
In related news, Director Douglas N. Benham purchased 3,286 shares of the company’s stock in a transaction dated Thursday, December 5th. The stock was acquired at an average cost 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 of the company’s stock, valued at approximately $1,027,257.54. This trade represents a 8.50 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Bryan Smith sold 40,000 shares of American Homes 4 Rent stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $37.80, for a total value of $1,512,000.00. Following the transaction, the chief operating officer now owns 125,580 shares in the company, valued at approximately $4,746,924. The trade was a 24.16 % decrease in their position. The disclosure for this sale can be found here. 6.05% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
AMH has been the subject of several recent research reports. JPMorgan Chase & Co. raised their target price 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. Keefe, Bruyette & Woods decreased their price objective on American Homes 4 Rent from $39.00 to $38.00 and set a “market perform” rating for the company in a report on Wednesday, November 6th. StockNews.com lowered American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Tuesday, December 3rd. Evercore ISI upgraded American Homes 4 Rent from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $41.00 to $42.00 in a research report on Monday, November 11th. Finally, The Goldman Sachs Group started coverage on American Homes 4 Rent in a research report on Wednesday, September 4th. They issued a “buy” rating and a $48.00 price objective on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.
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