Franklin Resources Inc. Sells 14,827 Shares of American Homes 4 Rent (NYSE:AMH)

Franklin Resources Inc. lowered its holdings in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 3.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 388,813 shares of the real estate investment trust's stock after selling 14,827 shares during the quarter. Franklin Resources Inc. owned about 0.11% of American Homes 4 Rent worth $14,709,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. FMR LLC lifted its position 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 worth $315,780,000 after buying an additional 937,116 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in American Homes 4 Rent by 7.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,935,560 shares of the real estate investment trust's stock worth $183,403,000 after purchasing an additional 334,358 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in American Homes 4 Rent by 1.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,224,013 shares of the real estate investment trust's stock worth $162,160,000 after purchasing an additional 62,367 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in American Homes 4 Rent by 1.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 3,951,840 shares of the real estate investment trust's stock valued at $146,850,000 after purchasing an additional 37,757 shares during the last quarter. Finally, Burgundy Asset Management Ltd. raised its position in shares of American Homes 4 Rent by 1.5% in the second quarter. Burgundy Asset Management Ltd. now owns 3,691,640 shares of the real estate investment trust's stock valued at $137,181,000 after purchasing an additional 53,648 shares during the period. Institutional investors and hedge funds own 91.87% of the company's stock.

Wall Street Analyst Weigh In

AMH has been the subject of several recent analyst reports. The Goldman Sachs Group initiated coverage on shares of American Homes 4 Rent in a report on Wednesday, September 4th. They set a "buy" rating and a $48.00 price objective for the company. Wells Fargo & Company raised American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $36.00 to $42.00 in a research report on Monday, August 26th. Mizuho boosted their price objective on American Homes 4 Rent from $39.00 to $40.00 and gave the stock an "outperform" rating in a research report on Thursday, October 10th. Keefe, Bruyette & Woods lowered their target price on 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. Finally, Evercore ISI upgraded American Homes 4 Rent from an "in-line" rating to an "outperform" rating and upped their price target for the stock from $41.00 to $42.00 in a report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $41.38.

Insider Activity

In other American Homes 4 Rent news, COO Bryan Smith sold 40,000 shares of the firm's stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $37.80, for a total value 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Douglas N. Benham bought 3,286 shares of American Homes 4 Rent stock in a transaction dated Thursday, December 5th. The shares were bought at an average price 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 $1,027,257.54. This represents a 8.50 % increase in their position. The disclosure for this purchase can be found here. 6.32% of the stock is currently owned by corporate insiders.

American Homes 4 Rent Trading Up 1.3 %

Shares of AMH opened at $36.52 on Friday. The stock has a 50 day simple moving average of $37.45 and a 200-day simple moving average of $37.59. 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 stock has a market cap of $13.49 billion, a PE ratio of 38.04, a PEG ratio of 3.33 and a beta of 0.78. American Homes 4 Rent has a 1 year low of $33.75 and a 1 year high of $41.41.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.43 by ($0.23). American Homes 4 Rent had a net margin of 21.51% and a return on equity of 4.76%. The company had revenue of $445.06 million for the quarter, compared to the consensus estimate of $443.81 million. During the same period in the previous year, the business posted $0.41 earnings per share. The firm's revenue was up 5.5% compared to the same quarter last year. On average, sell-side analysts predict that American Homes 4 Rent will post 1.77 EPS for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 2.85%. The ex-dividend date is Friday, December 13th. American Homes 4 Rent's payout ratio is 108.33%.

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.