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

Franklin Resources Inc. trimmed its holdings in shares of American Homes 4 Rent (NYSE:AMH) by 3.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm 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 SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Tidal Investments LLC increased its holdings in shares of American Homes 4 Rent by 39.4% during the third quarter. Tidal Investments LLC now owns 16,457 shares of the real estate investment trust’s stock worth $632,000 after purchasing an additional 4,649 shares during the period. Sanctuary Advisors LLC acquired a new stake in American Homes 4 Rent during the third quarter worth approximately $762,000. TCW Group Inc. bought a new position in American Homes 4 Rent during the 3rd quarter worth $962,000. Toronto Dominion Bank raised its holdings in American Homes 4 Rent by 31.4% in the 3rd quarter. Toronto Dominion Bank now owns 41,410 shares of the real estate investment trust’s stock valued at $1,590,000 after acquiring an additional 9,899 shares in the last quarter. Finally, Neo Ivy Capital Management bought a new stake in shares of American Homes 4 Rent during the 3rd quarter valued at $1,456,000. Institutional investors and hedge funds own 91.87% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on AMH shares. Wells Fargo & Company raised American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $36.00 to $42.00 in a research note on Monday, August 26th. Keefe, Bruyette & Woods dropped 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 research report on Wednesday, November 6th. Mizuho upped their price target on shares of American Homes 4 Rent from $39.00 to $40.00 and gave the stock an “outperform” rating in a report on Thursday, October 10th. StockNews.com downgraded shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Tuesday, December 3rd. Finally, The Goldman Sachs Group began coverage on American Homes 4 Rent in a report on Wednesday, September 4th. They issued a “buy” rating and a $48.00 target price on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, American Homes 4 Rent presently has an average rating of “Moderate Buy” and a consensus target price of $41.38.

American Homes 4 Rent Stock Performance

NYSE:AMH opened at $36.52 on Friday. The stock’s 50-day moving average is $37.45 and its 200-day moving average is $37.59. The stock has a market cap of $13.49 billion, a P/E ratio of 38.04, a price-to-earnings-growth 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. 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 (NYSE:AMH) last announced its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.23). The business had revenue of $445.06 million during the quarter, compared to analyst estimates of $443.81 million. American Homes 4 Rent had a net margin of 21.51% and a return on equity of 4.76%. The company’s revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.41 earnings per share. Equities research analysts anticipate that American Homes 4 Rent will post 1.77 earnings per share for the current year.

American Homes 4 Rent Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders 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 yield of 2.85%. The ex-dividend date of this dividend is Friday, December 13th. American Homes 4 Rent’s payout ratio is presently 108.33%.

Insider Buying and Selling at American Homes 4 Rent

In other news, Director Douglas N. Benham purchased 3,286 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were purchased at an average price of $24.49 per share, for a total transaction of $80,474.14. Following the transaction, the director now owns 41,946 shares of the company’s stock, valued at approximately $1,027,257.54. This trade represents a 8.50 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Bryan Smith sold 40,000 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $37.80, for a total transaction of $1,512,000.00. Following the completion of the sale, the chief operating officer now directly owns 125,580 shares in the company, valued at approximately $4,746,924. This represents a 24.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 6.32% of the company’s stock.

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.