Sumitomo Mitsui Trust Holdings Inc. sells 58,594 shares of American Homes 4 Rent (NYSE:AMH)

Sumitomo Mitsui Trust Holdings Inc. reduced its holdings in American Homes 4 Rent (NYSE:AMH – Free Report) by 5.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 992,545 shares of the real estate investment trust after selling 58,594 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned about 0.27% of American Homes 4 Rent worth $36,883,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Signaturefd LLC increased its holdings in American Homes 4 Rent by 33.5% during the fourth quarter. Signaturefd LLC now owns 2,353 shares of the real estate investment trust worth $85,000 after purchasing an additional 591 shares in the last quarter. CWM LLC increased its holdings in American Homes 4 Rent by 49.5% during the fourth quarter. CWM LLC now owns 2,871 shares of the real estate investment trust worth $103,000 after purchasing an additional 951 shares in the last quarter. Handelsbanken Fonder AB increased its holdings in shares of American Homes 4 Rent by 11.3% during the fourth quarter. Handelsbanken Fonder AB now owns 58,992 shares of the real estate investment trust worth $2,121,000 after purchasing an additional 6,000 shares in the last quarter. Cetera Trust Company NA acquired a new position in shares of American Homes 4 Rent during the fourth quarter valued at approximately $253,000. Finally, GAMMA Investing LLC acquired a new position in shares of American Homes 4 Rent during the fourth quarter valued at approximately $44,000. Institutional investors and hedge funds own 91.87% of the company’s shares.

Wall Street analysts comment

Several brokerage firms have recently commented on AMH. Keefe, Bruyette & Woods raised their price target on shares of American Homes 4 Rent from $38.00 to $39.00 and gave the stock a “market perform” rating in a report on Monday, May 13th. Evercore ISI raised their price target on shares of American Homes 4 Rent from $38.00 to $39.00 and gave the stock an “in-line” rating in a research report on Tuesday, July 9th. StockNews.com raised their rating on shares of American Homes 4 Rent from a “sell” rating to a “hold” rating in a research report on Saturday, August 10th. Royal Bank of Canada raised their price target on shares of American Homes 4 Rent from $41.00 to $42.00 and gave the stock an “outperform” rating in a research report on Monday, August 5. Finally, Barclays decreased their price target on American Homes 4 Rent from $43.00 to $42.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 29. Six research analysts have rated the stock with a “hold” rating and nine have assigned the company a “buy” rating. The stock has a consensus rating of “moderate buy” and an average price target of $40.21, according to data from MarketBeat.

Read our latest stock report on AMH

Performance of American Homes 4 Rent shares

NYSE AMH opened at $38.26 on Monday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.59 and a quick ratio of 0.59. The company has a 50-day moving average price of $36.74 and a 200-day moving average price of $36.18. American Homes 4 Rent has a 1-year low of $31.36 and a 1-year high of $38.91. The company has a market cap of $14.02 billion, a price-to-earnings ratio of 39.04, a PEG ratio of 3.10 and a beta of 0.74.

American Homes 4 Rent (NYSE:AMH – Get Free Report) last released its quarterly earnings results on Thursday, August 1. The real estate investment trust reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.18). American Homes 4 Rent had a net margin of 21.83% and a return on equity of 4.91%. The company posted revenue of $423.50 million for the quarter, compared to analyst expectations of $422.46 million. In the same quarter last year, the company reported earnings per share of $0.41. The company’s quarterly revenue grew by 7.1% year-over-year. As a group, equities analysts forecast that American Homes 4 Rent will report earnings per share of $1.74 for the current fiscal year.

About American Homes 4 Rent

(Free report)

AMH (NYSE: AMH) is a leading integrated owner, operator and developer of large-scale single-family rental properties. We are 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 home rental experience and provide certainty to households across the country.