American Homes 4 Rent (NYSE:AMH) Shares Acquired by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of American Homes 4 Rent (NYSE:AMH) by 3.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 83,408 shares of the real estate investment trust’s stock after purchasing an additional 2,552 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in American Homes 4 Rent were worth $3,099,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Texas Permanent School Fund Corp acquired a new stake in shares of American Homes 4 Rent during the first quarter valued at about $10,238,000. Mutual of America Capital Management LLC acquired a new stake in American Homes 4 Rent in the 1st quarter valued at approximately $6,970,000. Los Angeles Capital Management LLC purchased a new stake in American Homes 4 Rent in the first quarter valued at approximately $5,711,000. Wells Fargo & Company MN raised its holdings in shares of American Homes 4 Rent by 67.6% in the 4th quarter. Wells Fargo & Company MN now owns 820,711 shares of the real estate investment trust’s stock valued at $29,513,000 after buying an additional 331,168 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of American Homes 4 Rent in the first quarter valued at approximately $524,000. 91.87% of the stock is owned by institutional investors and hedge funds.

American Homes 4 Rent Stock Up 1.6 %

AMH opened at $39.77 on Friday. The business has a 50 day moving average price of $37.36 and a two-hundred day moving average price of $36.42. American Homes 4 Rent has a 52 week low of $31.36 and a 52 week high of $39.90. The company has a market cap of $14.57 billion, a PE ratio of 40.58, a P/E/G ratio of 3.10 and a beta of 0.74. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.58.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.25 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.18). American Homes 4 Rent had a return on equity of 4.91% and a net margin of 21.83%. The company had revenue of $423.50 million for the quarter, compared to analysts’ expectations of $422.46 million. During the same quarter last year, the company earned $0.41 EPS. American Homes 4 Rent’s revenue for the quarter was up 7.1% compared to the same quarter last year. As a group, research analysts anticipate that American Homes 4 Rent will post 1.74 EPS for the current year.

American Homes 4 Rent Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 2.62%. The ex-dividend date is Friday, September 13th. American Homes 4 Rent’s payout ratio is 106.12%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Wells Fargo & Company upgraded shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $36.00 to $42.00 in a research note on Monday, August 26th. Barclays reduced their price objective on shares of American Homes 4 Rent from $43.00 to $42.00 and set an “overweight” rating for the company in a research report on Wednesday, May 29th. UBS Group increased their target price on shares of American Homes 4 Rent from $37.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, August 16th. Keefe, Bruyette & Woods lifted their price target on shares of American Homes 4 Rent from $38.00 to $39.00 and gave the stock a “market perform” rating in a research note on Monday, May 13th. Finally, StockNews.com upgraded shares of American Homes 4 Rent from a “sell” rating to a “hold” rating in a research note on Saturday, August 10th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.47.

American Homes 4 Rent Company 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.