Allspring Global Investments Holdings LLC Raises Stock Holdings in American Homes 4 Rent (NYSE:AMH)

Allspring Global Investments Holdings LLC boosted its holdings in shares of American Homes 4 Rent (NYSE:AMH) by 9.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 362,878 shares of the real estate investment trust’s stock after purchasing an additional 32,704 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.10% of American Homes 4 Rent worth $13,336,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Louisiana State Employees Retirement System boosted its stake in shares of American Homes 4 Rent by 0.9% in the fourth quarter. Louisiana State Employees Retirement System now owns 88,000 shares of the real estate investment trust’s stock worth $3,293,000 after acquiring an additional 800 shares during the last quarter. Lightrock Netherlands B.V. acquired a new stake in shares of American Homes 4 Rent in the fourth quarter worth approximately $7,222,000. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of American Homes 4 Rent by 3.4% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 89,413 shares of the real estate investment trust’s stock worth $3,346,000 after acquiring an additional 2,939 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of American Homes 4 Rent by 6.5% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 940,368 shares of the real estate investment trust’s stock worth $35,189,000 after acquiring an additional 57,606 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in shares of American Homes 4 Rent by 0.6% in the fourth quarter. State of Alaska Department of Revenue now owns 199,044 shares of the real estate investment trust’s stock worth $7,446,000 after acquiring an additional 1,210 shares during the last quarter. Hedge funds and other institutional investors own 91.87% of the company’s stock.

Insider Buying and Selling

In other American Homes 4 Rent news, Director Douglas N. Benham purchased 3,286 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The stock was purchased at an average price of $24.49 per share, with a total value of $80,474.14. Following the completion of the transaction, the director now directly owns 41,946 shares of the company’s stock, valued at approximately $1,027,257.54. This trade represents a 8.50 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Bryan Smith sold 40,000 shares of the company’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $37.80, for a total transaction of $1,512,000.00. Following the sale, the chief operating officer now directly owns 125,580 shares in the company, valued at $4,746,924. This represents a 24.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.32% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on AMH shares. JMP Securities reissued a “market outperform” rating and set a $41.00 price objective on shares of American Homes 4 Rent in a research note on Tuesday, January 14th. Evercore ISI upgraded American Homes 4 Rent from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $41.00 to $42.00 in a research report on Monday, November 11th. Scotiabank downgraded American Homes 4 Rent from a “sector outperform” rating to a “sector perform” rating and set a $38.00 target price on the stock. in a research report on Thursday, January 23rd. Morgan Stanley upgraded American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $39.00 to $40.00 in a research report on Friday, January 24th. Finally, Barclays reduced their target price on American Homes 4 Rent from $39.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Friday, January 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.67.

American Homes 4 Rent Price Performance

Shares of NYSE:AMH opened at $35.21 on Tuesday. The company’s fifty day moving average is $35.91 and its two-hundred day moving average is $37.43. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.59. American Homes 4 Rent has a 12-month low of $34.01 and a 12-month high of $41.41. The company has a market cap of $13.01 billion, a P/E ratio of 36.68, a price-to-earnings-growth ratio of 3.45 and a beta of 0.78.

American Homes 4 Rent Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.30 dividend. The ex-dividend date is Friday, March 14th. This is a boost from American Homes 4 Rent’s previous quarterly dividend of $0.26. This represents a $1.20 dividend on an annualized basis and a yield of 3.41%. American Homes 4 Rent’s dividend payout ratio is currently 108.33%.

About American Homes 4 Rent

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.