New York State Common Retirement Fund trimmed its position in shares of American Homes 4 Rent (NYSE:AMH – Free Report) by 2.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 313,363 shares of the real estate investment trust’s stock after selling 7,761 shares during the period. New York State Common Retirement Fund owned about 0.09% of American Homes 4 Rent worth $9,855,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its stake 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 purchasing an additional 3,533,157 shares during the period. Norges Bank bought a new stake in shares of American Homes 4 Rent during the fourth quarter valued at approximately $619,235,000. JPMorgan Chase & Co. boosted its position in shares of American Homes 4 Rent by 0.4% during the fourth quarter. JPMorgan Chase & Co. now owns 16,041,788 shares of the real estate investment trust’s stock valued at $483,498,000 after purchasing an additional 66,245 shares in the last quarter. State Street Corp boosted its position in shares of American Homes 4 Rent by 20.1% during the first quarter. State Street Corp now owns 12,861,103 shares of the real estate investment trust’s stock valued at $514,830,000 after purchasing an additional 2,154,704 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of American Homes 4 Rent by 0.3% during the first quarter. Victory Capital Management Inc. now owns 6,804,376 shares of the real estate investment trust’s stock valued at $213,998,000 after purchasing an additional 21,644 shares in the last quarter. 83.36% of the stock is owned by hedge funds and other institutional investors.
American Homes 4 Rent Price Performance
Shares of NYSE:AMH opened at $37.28 on Wednesday. The firm’s 50 day moving average price is $35.44 and its 200-day moving average price is $33.57. American Homes 4 Rent has a twelve month low of $28.78 and a twelve month high of $38.94. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $13.49 billion, a PE ratio of 38.04, a price-to-earnings-growth ratio of 3.27 and a beta of 0.67.
American Homes 4 Rent Dividend Announcement
Insider Transactions at American Homes 4 Rent
In other news, COO Bryan Smith sold 25,000 shares of the stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $35.00, for a total value of $875,000.00. Following the transaction, the chief operating officer now owns 94,478 shares in the company, valued at approximately $3,306,730. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, COO Bryan Smith sold 25,000 shares of the stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $35.00, for a total value of $875,000.00. Following the completion of the sale, the chief operating officer now directly owns 94,478 shares of the company’s stock, valued at approximately $3,306,730. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Douglas N. Benham sold 8,000 shares of the stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $35.00, for a total transaction of $280,000.00. Following the completion of the sale, the director now directly owns 16,826 shares of the company’s stock, valued at $588,910. The disclosure for this sale can be found here. Insiders have sold 91,789 shares of company stock worth $3,217,810 in the last quarter. Company insiders own 6.32% of the company’s stock.
Analyst Upgrades and Downgrades
AMH has been the topic of several research reports. Barclays lifted their price target on American Homes 4 Rent from $38.00 to $41.00 in a research report on Wednesday, May 31st. StockNews.com downgraded shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Royal Bank of Canada increased their price objective on shares of American Homes 4 Rent from $38.00 to $39.00 and gave the company an “outperform” rating in a research report on Monday. Evercore ISI increased their price objective on shares of American Homes 4 Rent from $36.00 to $39.00 in a research report on Monday, May 8th. Finally, Mizuho increased their price objective on shares of American Homes 4 Rent from $33.00 to $37.00 in a research report on Friday, May 19th. One analyst has rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, American Homes 4 Rent presently has an average rating of “Hold” and a consensus price target of $36.10.
American Homes 4 Rent Profile
American Homes 4 Rent (NYSE: AMH), which does business as AMH, is a leading single-family property owner, leasing operator and build-to-rent developer. We're an internally managed Maryland real estate investment trust (REIT) focused on acquiring, developing, renovating, leasing and managing homes as rental properties.
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