American Homes 4 Rent $AMH Shares Purchased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. boosted its stake in American Homes 4 Rent (NYSE:AMH) by 24.0% in the 3rd quarter, Holdings Channel reports. The firm owned 2,506,317 shares of the real estate investment trust’s stock after purchasing an additional 485,401 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in American Homes 4 Rent were worth $83,335,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC purchased a new stake in American Homes 4 Rent during the 2nd quarter worth approximately $311,000. Tectonic Advisors LLC boosted its position in American Homes 4 Rent by 69.9% in the 3rd quarter. Tectonic Advisors LLC now owns 88,306 shares of the real estate investment trust’s stock valued at $2,936,000 after buying an additional 36,323 shares during the period. SG Americas Securities LLC grew its stake in shares of American Homes 4 Rent by 1,062.5% in the third quarter. SG Americas Securities LLC now owns 162,675 shares of the real estate investment trust’s stock worth $5,409,000 after acquiring an additional 148,682 shares in the last quarter. Capital Investment Advisors LLC acquired a new position in shares of American Homes 4 Rent in the third quarter worth $9,217,000. Finally, Pacer Advisors Inc. increased its position in shares of American Homes 4 Rent by 608,877.8% during the third quarter. Pacer Advisors Inc. now owns 54,808 shares of the real estate investment trust’s stock worth $1,822,000 after acquiring an additional 54,799 shares during the period. Hedge funds and other institutional investors own 91.87% of the company’s stock.

American Homes 4 Rent Stock Up 1.3%

American Homes 4 Rent stock opened at $31.44 on Thursday. The stock has a market cap of $11.67 billion, a PE ratio of 26.65, a P/E/G ratio of 2.96 and a beta of 0.79. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.41 and a quick ratio of 0.41. The stock’s fifty day moving average is $31.64 and its two-hundred day moving average is $33.35. American Homes 4 Rent has a 1-year low of $28.84 and a 1-year high of $39.49.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. American Homes 4 Rent had a return on equity of 5.90% and a net margin of 24.70%.The business had revenue of $478.46 million for the quarter, compared to the consensus estimate of $475.75 million. During the same quarter in the prior year, the business posted $0.44 EPS. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. American Homes 4 Rent has set its FY 2025 guidance at 1.860-1.88 EPS. On average, sell-side analysts expect that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.8%. The ex-dividend date was Monday, December 15th. American Homes 4 Rent’s dividend payout ratio is currently 101.69%.

Insider Buying and Selling

In related news, Director Douglas N. Benham acquired 1,000 shares of American Homes 4 Rent stock in a transaction dated Wednesday, November 19th. The stock was acquired at an average price of $31.65 per share, for a total transaction of $31,650.00. Following the transaction, the director owned 7,991 shares of the company’s stock, valued at $252,915.15. This represents a 14.30% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jack E. Corrigan bought 5,000 shares of the stock in a transaction dated Tuesday, December 9th. The stock was bought at an average price of $22.96 per share, with a total value of $114,800.00. Following the acquisition, the director owned 17,300 shares in the company, valued at approximately $397,208. This represents a 40.65% increase in their position. The disclosure for this purchase is available in the SEC filing. 6.32% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Mizuho reiterated a “neutral” rating and issued a $32.00 target price (down from $33.00) on shares of American Homes 4 Rent in a report on Thursday, January 8th. Wolfe Research raised American Homes 4 Rent from a “peer perform” rating to an “outperform” rating and set a $38.00 price target on the stock in a research report on Thursday, October 2nd. Keefe, Bruyette & Woods upgraded American Homes 4 Rent from a “market perform” rating to an “outperform” rating and set a $37.00 price objective for the company in a research note on Monday, December 15th. UBS Group lowered their price objective on American Homes 4 Rent from $38.00 to $33.00 and set a “neutral” rating for the company in a research report on Thursday, January 8th. Finally, Morgan Stanley cut their target price on shares of American Homes 4 Rent from $41.00 to $40.00 and set an “overweight” rating on the stock in a research note on Thursday, November 13th. Seven investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, American Homes 4 Rent has an average rating of “Hold” and a consensus target price of $37.19.

About American Homes 4 Rent

American Homes 4 Rent (NYSE: AMH) is a publicly traded real estate investment trust (REIT) specializing in the acquisition, development and management of single-family rental homes. Since its initial public offering in April 2013, the company has focused on building a large-scale, professionally managed portfolio of homes designed to meet the needs of today’s renters. Its business model emphasizes the acquisition of well-located properties coupled with consistent, in-house property management to drive occupancy and long-term value.

As of the most recent reporting, American Homes 4 Rent owns and operates tens of thousands of homes across the United States, with concentration in key Sun Belt and high-growth markets.