UBS Asset Management Americas Inc. Sells 77,584 Shares of American Homes 4 Rent (NYSE:AMH)

Posted by Defense World Staff on Mar 13th, 2023

UBS Asset Management Americas Inc. lessened its position in American Homes 4 Rent (NYSE:AMH – Get Rating) by 4.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,746,673 shares of the real estate investment trust’s stock after selling 77,584 shares during the period. UBS Asset Management Americas Inc. owned 0.49% of American Homes 4 Rent worth $57,308,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in American Homes 4 Rent by 8.9% in the 1st quarter. Vanguard Group Inc. now owns 43,405,083 shares of the real estate investment trust’s stock worth $1,737,505,000 after acquiring an additional 3,533,157 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of American Homes 4 Rent by 2.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 15,801,702 shares of the real estate investment trust’s stock valued at $560,012,000 after purchasing an additional 374,079 shares in the last quarter. State Street Corp boosted its stake in shares of American Homes 4 Rent by 9.6% during the 2nd quarter. State Street Corp now owns 14,094,837 shares of the real estate investment trust’s stock valued at $499,521,000 after purchasing an additional 1,233,734 shares in the last quarter. FMR LLC boosted its stake in shares of American Homes 4 Rent by 24.7% during the 2nd quarter. FMR LLC now owns 9,806,924 shares of the real estate investment trust’s stock valued at $347,557,000 after purchasing an additional 1,943,766 shares in the last quarter. Finally, Centersquare Investment Management LLC boosted its stake in shares of American Homes 4 Rent by 8.7% during the 3rd quarter. Centersquare Investment Management LLC now owns 7,250,500 shares of the real estate investment trust’s stock valued at $237,888,000 after purchasing an additional 583,138 shares in the last quarter. Institutional investors own 84.29% of the company’s stock.

American Homes 4 Rent Stock Down 4.2 %

Shares of American Homes 4 Rent stock opened at $29.32 on Monday. The company has a market cap of $10.61 billion, a price-to-earnings ratio of 41.30, a price-to-earnings-growth ratio of 2.86 and a beta of 0.66. The company’s 50 day moving average is $32.45 and its 200 day moving average is $32.62. American Homes 4 Rent has a twelve month low of $29.27 and a twelve month high of $43.89. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.63.

American Homes 4 Rent Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Wednesday, March 15th will be given a dividend of $0.22 per share. This is an increase from American Homes 4 Rent’s previous quarterly dividend of $0.18. The ex-dividend date is Tuesday, March 14th. This represents a $0.88 dividend on an annualized basis and a yield of 3.00%. American Homes 4 Rent’s dividend payout ratio is 123.94%.

Insider Activity at American Homes 4 Rent

In other American Homes 4 Rent news, Director Douglas N. Benham bought 1,156 shares of American Homes 4 Rent stock in a transaction on Monday, March 6th. The stock was acquired at an average cost of $24.60 per share, with a total value of $28,437.60. Following the completion of the acquisition, the director now owns 24,951 shares in the company, valued at $613,794.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other American Homes 4 Rent news, Director Douglas N. Benham acquired 1,156 shares of the business’s stock in a transaction dated Monday, March 6th. The stock was purchased at an average price of $24.60 per share, with a total value of $28,437.60. Following the transaction, the director now directly owns 24,951 shares in the company, valued at approximately $613,794.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Douglas N. Benham acquired 2,000 shares of the business’s stock in a transaction dated Thursday, March 2nd. The shares were acquired at an average cost of $23.35 per share, with a total value of $46,700.00. Following the transaction, the director now owns 8,440 shares in the company, valued at $197,074. The disclosure for this purchase can be found here. 6.03% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on AMH. BTIG Research reaffirmed a “buy” rating and set a $38.00 target price on shares of American Homes 4 Rent in a research note on Tuesday, November 22nd. JPMorgan Chase & Co. lowered shares of American Homes 4 Rent from an “overweight” rating to a “neutral” rating and set a $36.00 target price on the stock. in a research note on Friday, December 16th. Morgan Stanley lowered their price target on shares of American Homes 4 Rent from $39.00 to $31.50 and set an “equal weight” rating for the company in a research report on Monday, December 12th. Royal Bank of Canada lowered their price target on shares of American Homes 4 Rent from $37.00 to $36.00 and set an “outperform” rating for the company in a research report on Monday, February 27th. Finally, Oppenheimer reissued a “market perform” rating and set a $31.00 price target on shares of American Homes 4 Rent in a research report on Monday, March 6th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $37.03.

About American Homes 4 Rent

(Get Rating)

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.