Sumitomo Mitsui Trust Group Inc. Increases Stock Position in American Homes 4 Rent (NYSE:AMH)

Sumitomo Mitsui Trust Group Inc. raised its position in American Homes 4 Rent (NYSE:AMH - Free Report) by 6.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 940,368 shares of the real estate investment trust's stock after acquiring an additional 57,606 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.25% of American Homes 4 Rent worth $35,189,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. V Square Quantitative Management LLC lifted its stake in shares of 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 buying an additional 275 shares during the period. Creative Planning lifted its stake in shares of 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 buying an additional 330 shares during the period. US Bancorp DE lifted its stake in shares of 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 buying an additional 478 shares during the period. GAMMA Investing LLC lifted its stake in shares of American Homes 4 Rent by 14.0% during the fourth quarter. GAMMA Investing LLC now owns 4,091 shares of the real estate investment trust's stock worth $153,000 after buying an additional 503 shares during the period. Finally, Advisors Asset Management Inc. lifted its stake in shares of American Homes 4 Rent by 19.9% during the third quarter. Advisors Asset Management Inc. now owns 3,589 shares of the real estate investment trust's stock worth $138,000 after buying an additional 596 shares during the period. 91.87% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, COO Bryan Smith sold 40,000 shares of the business's stock in a transaction that occurred on 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 transaction, the chief operating officer now owns 125,580 shares of the company's stock, valued at $4,746,924. The trade was a 24.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Douglas N. Benham bought 3,286 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was bought at an average price of $24.49 per share, with a total value of $80,474.14. Following the completion of the acquisition, the director now owns 41,946 shares of the company's stock, valued at $1,027,257.54. This trade 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 company insiders.

Wall Street Analyst Weigh In

AMH has been the subject of several research reports. JMP Securities reiterated a "market outperform" rating and set a $41.00 price objective on shares of American Homes 4 Rent in a research note on Tuesday, January 14th. 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. Deutsche Bank Aktiengesellschaft cut shares of American Homes 4 Rent from a "buy" rating to a "hold" rating and reduced their target price for the stock from $40.00 to $37.00 in a report on Tuesday, January 21st. Scotiabank cut shares of American Homes 4 Rent from a "sector outperform" rating to a "sector perform" rating and set a $38.00 target price for the company. in a report on Thursday, January 23rd. Finally, 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. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company. According to MarketBeat, American Homes 4 Rent presently has a consensus rating of "Moderate Buy" and an average price target of $40.67.

American Homes 4 Rent Price Performance

AMH traded down $0.62 during midday trading on Friday, reaching $35.21. 2,710,696 shares of the company's stock were exchanged, compared to its average volume of 2,262,991. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.58 and a quick ratio of 0.58. The stock has a market capitalization of $13.01 billion, a PE ratio of 36.68, a P/E/G ratio of 3.45 and a beta of 0.78. The business's 50-day moving average price is $35.96 and its 200 day moving average price is $37.43. American Homes 4 Rent has a 1-year low of $34.01 and a 1-year high of $41.41.

American Homes 4 Rent Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $0.30 per share. The ex-dividend date is Friday, March 14th. This represents a $1.20 dividend on an annualized basis and a yield of 3.41%. This is a boost from American Homes 4 Rent's previous quarterly dividend of $0.26. American Homes 4 Rent's payout ratio is presently 108.33%.

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.