Sumitomo Mitsui DS Asset Management Company Ltd Buys 2,939 Shares of American Homes 4 Rent (NYSE:AMH)

Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of American Homes 4 Rent (NYSE:AMH) by 3.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 89,413 shares of the real estate investment trust’s stock after buying an additional 2,939 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in American Homes 4 Rent were worth $3,346,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. grew its stake in shares of American Homes 4 Rent by 24.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,588 shares of the real estate investment trust’s stock worth $59,000 after acquiring an additional 310 shares in the last quarter. GAMMA Investing LLC boosted its holdings in American Homes 4 Rent by 25.1% during the third quarter. GAMMA Investing LLC now owns 3,588 shares of the real estate investment trust’s stock worth $138,000 after purchasing an additional 720 shares during the last quarter. UMB Bank n.a. grew its position in American Homes 4 Rent by 331.9% in the 3rd quarter. UMB Bank n.a. now owns 786 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 604 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its stake in American Homes 4 Rent by 548.8% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 9,103 shares of the real estate investment trust’s stock valued at $349,000 after buying an additional 7,700 shares during the last quarter. Finally, Exchange Traded Concepts LLC increased its stake in American Homes 4 Rent by 556.1% in the 3rd quarter. Exchange Traded Concepts LLC now owns 21,928 shares of the real estate investment trust’s stock valued at $842,000 after buying an additional 18,586 shares during the last quarter. Institutional investors own 91.87% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Morgan Stanley raised American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $39.00 to $40.00 in a report on Friday, January 24th. Deutsche Bank Aktiengesellschaft cut shares of American Homes 4 Rent from a “buy” rating to a “hold” rating and dropped their target price for the company from $40.00 to $37.00 in a research note on Tuesday, January 21st. StockNews.com lowered shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Tuesday, December 3rd. JMP Securities reiterated a “market outperform” rating and issued a $41.00 price objective on shares of American Homes 4 Rent in a research note on Tuesday, January 14th. Finally, Evercore ISI raised American Homes 4 Rent from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $41.00 to $42.00 in a research report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $40.67.

American Homes 4 Rent Trading Up 0.6 %

Shares of American Homes 4 Rent stock opened at $35.54 on Monday. The company’s 50-day moving average price is $36.16 and its 200-day moving average price is $37.45. 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 has a 12-month low of $33.75 and a 12-month high of $41.41. The company has a market cap of $13.13 billion, a price-to-earnings ratio of 37.02, a PEG ratio of 3.45 and a beta of 0.78.

Insider Buying and Selling at American Homes 4 Rent

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

American Homes 4 Rent Company Profile

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.