JPMorgan Chase & Co. Sells 2,359,634 Shares of American Homes 4 Rent (NYSE:AMH)

JPMorgan Chase & Co. reduced its position in shares of American Homes 4 Rent (NYSE:AMHFree Report) by 11.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 19,179,533 shares of the real estate investment trust’s stock after selling 2,359,634 shares during the quarter. JPMorgan Chase & Co. owned approximately 5.30% of American Homes 4 Rent worth $646,158,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in American Homes 4 Rent during the 4th quarter valued at $619,235,000. Price T Rowe Associates Inc. MD increased its position in American Homes 4 Rent by 5,494.4% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 4,876,063 shares of the real estate investment trust’s stock valued at $172,808,000 after purchasing an additional 4,788,904 shares during the period. Centersquare Investment Management LLC increased its position in American Homes 4 Rent by 725.9% during the 1st quarter. Centersquare Investment Management LLC now owns 4,816,638 shares of the real estate investment trust’s stock valued at $192,810,000 after purchasing an additional 4,233,435 shares during the period. Vanguard Group Inc. increased its position in American Homes 4 Rent by 8.9% during the 1st quarter. Vanguard Group Inc. now owns 43,405,083 shares of the real estate investment trust’s stock valued at $1,737,505,000 after purchasing an additional 3,533,157 shares during the period. Finally, State Street Corp increased its position in American Homes 4 Rent by 20.1% during the 1st 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 during the period. 83.97% of the stock is currently owned by institutional investors.

American Homes 4 Rent Stock Down 0.1 %

Shares of NYSE AMH opened at $36.51 on Friday. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.58. American Homes 4 Rent has a 12-month low of $28.78 and a 12-month high of $37.97. The stock has a market capitalization of $13.37 billion, a price-to-earnings ratio of 36.51, a P/E/G ratio of 2.83 and a beta of 0.70. The firm’s 50-day moving average price is $35.48 and its 200-day moving average price is $35.22.

American Homes 4 Rent Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Friday, March 15th will be given a $0.26 dividend. This is a positive change from American Homes 4 Rent’s previous quarterly dividend of $0.22. This represents a $1.04 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date of this dividend is Thursday, March 14th. American Homes 4 Rent’s dividend payout ratio is 88.00%.

Insider Buying and Selling

In other news, Director Matthew J. Hart sold 7,263 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $36.76, for a total transaction of $266,987.88. Following the transaction, the director now directly owns 41,336 shares of the company’s stock, valued at $1,519,511.36. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CAO Brian Reitz sold 3,000 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $35.53, for a total transaction of $106,590.00. Following the transaction, the chief accounting officer now directly owns 35,343 shares in the company, valued at $1,255,736.79. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Matthew J. Hart sold 7,263 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $36.76, for a total transaction of $266,987.88. Following the transaction, the director now owns 41,336 shares in the company, valued at $1,519,511.36. The disclosure for this sale can be found here. 6.32% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Jefferies Financial Group raised shares of American Homes 4 Rent from a “hold” rating to a “buy” rating and upped their target price for the stock from $34.00 to $41.00 in a research report on Tuesday, January 2nd. Deutsche Bank Aktiengesellschaft began coverage on shares of American Homes 4 Rent in a research note on Tuesday, January 30th. They issued a “buy” rating and a $40.00 price target for the company. BNP Paribas began coverage on shares of American Homes 4 Rent in a research note on Monday, January 22nd. They issued an “outperform” rating and a $42.00 price target for the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $39.00 price target on shares of American Homes 4 Rent in a research note on Monday, February 26th. Finally, StockNews.com lowered shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, American Homes 4 Rent has an average rating of “Moderate Buy” and an average target price of $38.46.

Read Our Latest Stock Analysis on AMH

American Homes 4 Rent Company Profile

(Free Report)

American Homes 4 Rent (NYSE: AMH), which does business as AMH, is a leading owner, operator and developer of single-family rental homes. 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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Institutional Ownership by Quarter for American Homes 4 Rent (NYSE:AMH)

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