American Homes 4 Rent (NYSE:AMH) Shares Sold by abrdn plc

abrdn plc decreased its stake in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 82.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 106,529 shares of the real estate investment trust's stock after selling 500,340 shares during the quarter. abrdn plc's holdings in American Homes 4 Rent were worth $3,946,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Janus Henderson Group PLC increased its position in shares of American Homes 4 Rent by 2,150.3% in the 3rd quarter. Janus Henderson Group PLC now owns 1,935,007 shares of the real estate investment trust's stock valued at $74,276,000 after acquiring an additional 1,849,020 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in American Homes 4 Rent by 783.3% during the 3rd 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 purchasing an additional 981,872 shares during the last quarter. FMR LLC increased its holdings in shares of American Homes 4 Rent by 12.9% in the third quarter. FMR LLC now owns 8,225,592 shares of the real estate investment trust's stock valued at $315,780,000 after purchasing an additional 937,116 shares during the period. KBC Group NV raised its stake in shares of American Homes 4 Rent by 553.0% in the third quarter. KBC Group NV now owns 378,819 shares of the real estate investment trust's stock worth $14,543,000 after purchasing an additional 320,805 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in shares of American Homes 4 Rent by 112.3% during the third quarter. BNP Paribas Financial Markets now owns 457,513 shares of the real estate investment trust's stock worth $17,564,000 after purchasing an additional 242,043 shares during the period. Hedge funds and other institutional investors own 91.87% of the company's stock.

American Homes 4 Rent Price Performance

NYSE:AMH traded up $0.59 during trading hours on Thursday, reaching $35.85. 2,189,326 shares of the company were exchanged, compared to its average volume of 2,245,959. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.59. The firm has a market cap of $13.25 billion, a PE ratio of 37.35, a price-to-earnings-growth ratio of 3.45 and a beta of 0.78. American Homes 4 Rent has a twelve month low of $33.95 and a twelve month high of $41.41. The stock's 50-day moving average is $36.00 and its 200-day moving average is $37.43.

American Homes 4 Rent Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.35%. The ex-dividend date is Friday, March 14th. This is an increase from American Homes 4 Rent's previous quarterly dividend of $0.26. American Homes 4 Rent's dividend payout ratio is 108.33%.

Insider Activity at American Homes 4 Rent

In related news, Director Douglas N. Benham bought 3,286 shares of the stock in a transaction dated Thursday, December 5th. The shares were acquired at an average cost of $24.49 per share, for a total transaction of $80,474.14. Following the acquisition, the director now directly owns 41,946 shares in the company, valued at approximately $1,027,257.54. This trade represents a 8.50 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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. 6.32% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on AMH. Keefe, Bruyette & Woods cut their price target on shares of American Homes 4 Rent from $39.00 to $38.00 and set a "market perform" rating on the stock in a report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft downgraded shares of American Homes 4 Rent from a "buy" rating to a "hold" rating and dropped their price objective for the company from $40.00 to $37.00 in a report on Tuesday, January 21st. Evercore ISI raised shares of American Homes 4 Rent from an "in-line" rating to an "outperform" rating and raised their target price for the stock from $41.00 to $42.00 in a report on Monday, November 11th. Morgan Stanley upgraded shares of American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $39.00 to $40.00 in a research report on Friday, January 24th. Finally, Barclays cut their price target on American Homes 4 Rent from $39.00 to $37.00 and set an "equal weight" rating on the stock in a research report on Friday, January 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $40.67.

American Homes 4 Rent 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.