State Street Corp Sells 343,955 Shares of American Homes 4 Rent (NYSE:AMH)

State Street Corp decreased its stake in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 1.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,371,677 shares of the real estate investment trust's stock after selling 343,955 shares during the period. State Street Corp owned approximately 4.70% of American Homes 4 Rent worth $666,899,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. V Square Quantitative Management LLC boosted its holdings in American Homes 4 Rent by 31.6% during the third quarter. V Square Quantitative Management LLC now owns 1,144 shares of the real estate investment trust's stock worth $44,000 after purchasing an additional 275 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in American Homes 4 Rent by 24.3% during 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 purchasing an additional 310 shares during the last quarter. Creative Planning boosted its holdings in American Homes 4 Rent by 2.4% during the third quarter. Creative Planning now owns 14,181 shares of the real estate investment trust's stock worth $544,000 after purchasing an additional 330 shares during the last quarter. Dynamic Advisor Solutions LLC boosted its holdings in American Homes 4 Rent by 2.5% during the second quarter. Dynamic Advisor Solutions LLC now owns 14,639 shares of the real estate investment trust's stock worth $544,000 after purchasing an additional 357 shares during the last quarter. Finally, US Bancorp DE boosted its holdings in American Homes 4 Rent by 3.3% during the third quarter. US Bancorp DE now owns 14,896 shares of the real estate investment trust's stock worth $572,000 after purchasing an additional 478 shares during the last quarter. Institutional investors own 91.87% of the company's stock.

American Homes 4 Rent Stock Performance

Shares of NYSE AMH traded up $0.43 during mid-day trading on Monday, reaching $37.69. 2,510,098 shares of the company were exchanged, compared to its average volume of 2,520,630. The company's 50-day simple moving average is $37.58 and its 200-day simple moving average is $37.54. 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 stock has a market capitalization of $13.93 billion, a P/E ratio of 38.81, a P/E/G ratio of 3.29 and a beta of 0.78. American Homes 4 Rent has a twelve month low of $33.75 and a twelve month high of $41.41.

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

American Homes 4 Rent Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date is Friday, December 13th. American Homes 4 Rent's dividend payout ratio is 108.33%.

Insider Buying and Selling

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 shares were acquired at an average cost of $24.49 per share, with a total value of $80,474.14. Following the completion of the transaction, the director now owns 41,946 shares in the company, valued at $1,027,257.54. The trade was a 8.50 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 6.05% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Keefe, Bruyette & Woods reduced their target price on shares of 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. JPMorgan Chase & Co. increased their price target on shares of American Homes 4 Rent from $38.00 to $43.00 and gave the company a "neutral" rating in a research note on Monday, September 16th. Mizuho increased their price target on shares of American Homes 4 Rent from $39.00 to $40.00 and gave the company an "outperform" rating in a research note on Thursday, October 10th. UBS Group increased their price target on shares of American Homes 4 Rent from $37.00 to $40.00 and gave the company a "neutral" rating in a research note on Friday, August 16th. Finally, The Goldman Sachs Group began coverage on shares of American Homes 4 Rent in a research note on Wednesday, September 4th. They issued a "buy" rating and a $48.00 price target for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, American Homes 4 Rent currently has a consensus rating of "Moderate Buy" and an average target price of $41.60.

About American Homes 4 Rent

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.