Sumitomo Mitsui Trust Group Inc. Sells 109,783 Shares of American Homes 4 Rent (NYSE:AMH)

Sumitomo Mitsui Trust Group Inc. cut its holdings in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 11.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 882,762 shares of the real estate investment trust's stock after selling 109,783 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.24% of American Homes 4 Rent worth $33,889,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CANADA LIFE ASSURANCE Co lifted its position in American Homes 4 Rent by 40.5% in the first quarter. CANADA LIFE ASSURANCE Co now owns 599,777 shares of the real estate investment trust's stock worth $22,056,000 after purchasing an additional 173,015 shares during the period. American International Group Inc. lifted its position in American Homes 4 Rent by 15,281.0% in the first quarter. American International Group Inc. now owns 421,131 shares of the real estate investment trust's stock worth $15,489,000 after purchasing an additional 418,393 shares during the period. Vanguard Group Inc. lifted its position in American Homes 4 Rent by 2.5% in the first quarter. Vanguard Group Inc. now owns 45,673,416 shares of the real estate investment trust's stock worth $1,679,868,000 after purchasing an additional 1,094,714 shares during the period. Clearbridge Investments LLC lifted its position in American Homes 4 Rent by 2.0% in the first quarter. Clearbridge Investments LLC now owns 1,892,857 shares of the real estate investment trust's stock worth $69,619,000 after purchasing an additional 37,862 shares during the period. Finally, Swedbank AB lifted its position in American Homes 4 Rent by 14.3% in the second quarter. Swedbank AB now owns 400,000 shares of the real estate investment trust's stock worth $14,864,000 after purchasing an additional 50,000 shares during the period. 91.87% of the stock is currently owned by institutional investors and hedge funds.

American Homes 4 Rent Stock Up 0.2 %

NYSE:AMH traded up $0.09 during trading hours on Friday, hitting $37.60. 1,683,745 shares of the stock traded hands, compared to its average volume of 2,552,706. The firm has a 50 day moving average price of $38.17 and a 200 day moving average price of $37.38. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.59. American Homes 4 Rent has a fifty-two week low of $33.75 and a fifty-two week high of $41.41. The firm has a market cap of $13.89 billion, a price-to-earnings ratio of 39.17, a PEG ratio of 3.24 and a beta of 0.77.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share 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 company had revenue of $445.06 million during the quarter, compared to analyst estimates of $443.81 million. During the same period last year, the company posted $0.41 earnings per share. The company's revenue was up 5.5% compared to the same quarter last year. Equities research analysts anticipate that American Homes 4 Rent will post 1.77 earnings per share for the current year.

American Homes 4 Rent Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date of this dividend is Friday, December 13th. American Homes 4 Rent's dividend payout ratio (DPR) is presently 108.33%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on AMH shares. StockNews.com downgraded American Homes 4 Rent from a "hold" rating to a "sell" rating in a research report on Thursday, October 24th. UBS Group increased their price objective on 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. Royal Bank of Canada increased their price objective on American Homes 4 Rent from $41.00 to $42.00 and gave the company an "outperform" rating in a research report on Monday, August 5th. Evercore ISI upgraded American Homes 4 Rent from an "in-line" rating to an "outperform" rating and increased their price objective for the company from $41.00 to $42.00 in a research report on Monday, November 11th. Finally, The Goldman Sachs Group started coverage on American Homes 4 Rent in a research report on Wednesday, September 4th. They set a "buy" rating and a $48.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat, American Homes 4 Rent has a consensus rating of "Moderate Buy" and a consensus 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.