Mitsubishi UFJ Trust & Banking Corp Cuts Stock Holdings in American Homes 4 Rent (NYSE:AMH)

Mitsubishi UFJ Trust & Banking Corp reduced its stake in shares of American Homes 4 Rent (NYSE:AMH) by 54.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 665,671 shares of the real estate investment trust’s stock after selling 796,864 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.18% of American Homes 4 Rent worth $24,284,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Blue Trust Inc. grew its position in American Homes 4 Rent by 1,091.3% during the 4th quarter. Blue Trust Inc. now owns 953 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 873 shares during the last quarter. Tobam increased its stake in shares of American Homes 4 Rent by 2,192.9% in the fourth quarter. Tobam now owns 963 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 921 shares during the period. GAMMA Investing LLC bought a new stake in American Homes 4 Rent during the 4th quarter valued at $44,000. Capital Analysts LLC boosted its position in American Homes 4 Rent by 58.1% during the 4th quarter. Capital Analysts LLC now owns 1,436 shares of the real estate investment trust’s stock valued at $52,000 after buying an additional 528 shares during the period. Finally, Quarry LP increased its position in shares of American Homes 4 Rent by 216.3% in the fourth quarter. Quarry LP now owns 1,923 shares of the real estate investment trust’s stock valued at $69,000 after acquiring an additional 1,315 shares during the period. Institutional investors own 91.87% of the company’s stock.

Wall Street Analysts Forecast Growth

AMH has been the topic of several recent analyst reports. JPMorgan Chase & Co. raised their target price on American Homes 4 Rent from $37.00 to $38.00 and gave the stock a “neutral” rating in a research note on Monday, June 17th. Evercore ISI boosted their target price on American Homes 4 Rent from $38.00 to $39.00 and gave the company an “in-line” rating in a research note on Tuesday, July 9th. Barclays dropped their price target on American Homes 4 Rent from $43.00 to $42.00 and set an “overweight” rating for the company in a research note on Wednesday, May 29th. Raymond James boosted their price objective on shares of American Homes 4 Rent from $40.00 to $41.00 and gave the company an “outperform” rating in a research report on Thursday, March 28th. Finally, Keefe, Bruyette & Woods raised their target price on shares of American Homes 4 Rent from $38.00 to $39.00 and gave the stock a “market perform” rating in a research report on Monday, May 13th. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, American Homes 4 Rent has an average rating of “Moderate Buy” and a consensus target price of $39.73.

Insider Transactions at American Homes 4 Rent

In related news, Director Douglas N. Benham acquired 3,500 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were bought at an average price of $23.00 per share, for a total transaction of $80,500.00. Following the completion of the transaction, the director now directly owns 37,997 shares in the company, valued at $873,931. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Jack E. Corrigan acquired 10,000 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was bought at an average price of $22.78 per share, with a total value of $227,800.00. Following the completion of the acquisition, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $227,800. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Douglas N. Benham acquired 3,500 shares of American Homes 4 Rent stock in a transaction that occurred on Wednesday, May 8th. The shares were purchased at an average price of $23.00 per share, with a total value of $80,500.00. Following the transaction, the director now owns 37,997 shares of the company’s stock, valued at approximately $873,931. The disclosure for this purchase can be found here. Company insiders own 6.32% of the company’s stock.

American Homes 4 Rent Stock Down 0.0 %

Shares of AMH stock traded down $0.01 during trading hours on Friday, hitting $36.24. 1,763,546 shares of the company’s stock traded hands, compared to its average volume of 2,078,414. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.58. The stock’s fifty day simple moving average is $36.31 and its two-hundred day simple moving average is $35.94. American Homes 4 Rent has a 12-month low of $31.36 and a 12-month high of $37.97. The stock has a market cap of $13.28 billion, a price-to-earnings ratio of 36.98, a PEG ratio of 3.05 and a beta of 0.74.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings data on Friday, May 10th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.13). American Homes 4 Rent had a net margin of 22.55% and a return on equity of 5.00%. The company had revenue of $423.56 million for the quarter, compared to analysts’ expectations of $421.28 million. During the same quarter in the previous year, the firm posted $0.41 EPS. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. On average, analysts expect that American Homes 4 Rent will post 1.74 EPS for the current year.

American Homes 4 Rent Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were issued a $0.26 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $1.04 dividend on an annualized basis and a yield of 2.87%. American Homes 4 Rent’s payout ratio is currently 106.12%.

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.