abrdn plc Sells 293,134 Shares of American Homes 4 Rent (NYSE:AMH)

abrdn plc cut its stake in American Homes 4 Rent (NYSE:AMH) by 31.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 634,134 shares of the real estate investment trust’s stock after selling 293,134 shares during the quarter. abrdn plc owned 0.18% of American Homes 4 Rent worth $22,803,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. VisionPoint Advisory Group LLC bought a new stake in shares of American Homes 4 Rent in the 3rd quarter valued at about $26,000. Blue Trust Inc. increased its stake in shares of American Homes 4 Rent by 1,091.3% in the 4th quarter. Blue Trust Inc. now owns 953 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 873 shares during the last quarter. Tobam increased its stake in shares of American Homes 4 Rent by 2,192.9% in the 4th quarter. Tobam now owns 963 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 921 shares during the last quarter. Castleview Partners LLC increased its stake in shares of American Homes 4 Rent by 2,540.0% in the 3rd quarter. Castleview Partners LLC now owns 1,188 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 1,143 shares during the last quarter. Finally, Capital Analysts LLC increased its stake in shares of American Homes 4 Rent by 58.1% in the 4th quarter. Capital Analysts LLC now owns 1,436 shares of the real estate investment trust’s stock valued at $52,000 after acquiring an additional 528 shares during the last quarter. 91.87% of the stock is owned by institutional investors.

Insider Activity

In other news, COO Bryan Smith sold 50,000 shares of the stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $36.77, for a total value of $1,838,500.00. Following the completion of the sale, the chief operating officer now owns 125,580 shares of the company’s stock, valued at approximately $4,617,576.60. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CAO Brian Reitz sold 3,000 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $35.53, for a total value of $106,590.00. Following the sale, the chief accounting officer now owns 35,343 shares in the company, valued at approximately $1,255,736.79. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Bryan Smith sold 50,000 shares of the stock in a transaction on Friday, March 8th. The shares were sold at an average price of $36.77, for a total value of $1,838,500.00. Following the completion of the sale, the chief operating officer now owns 125,580 shares in the company, valued at approximately $4,617,576.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 60,263 shares of company stock valued at $2,212,078. 6.05% of the stock is owned by insiders.

American Homes 4 Rent Trading Up 0.3 %

NYSE AMH opened at $35.61 on Wednesday. The company has a market cap of $13.04 billion, a PE ratio of 35.61, a PEG ratio of 2.71 and a beta of 0.70. 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 $31.36 and a 12 month high of $37.97. The stock has a 50 day moving average of $35.85 and a 200-day moving average of $35.42.

American Homes 4 Rent Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 2.92%. The ex-dividend date was Thursday, March 14th. This is an increase from American Homes 4 Rent’s previous quarterly dividend of $0.22. American Homes 4 Rent’s dividend payout ratio is presently 104.00%.

Wall Street Analysts Forecast Growth

AMH has been the subject of several research analyst reports. StockNews.com lowered American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th. Deutsche Bank Aktiengesellschaft initiated coverage on American Homes 4 Rent in a research report on Tuesday, January 30th. They issued a “buy” rating and a $40.00 price objective for the company. BNP Paribas initiated coverage on American Homes 4 Rent in a research report on Monday, January 22nd. They issued an “outperform” rating and a $42.00 price objective for the company. Mizuho boosted their price objective on American Homes 4 Rent from $37.00 to $39.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $39.00 price objective on shares of American Homes 4 Rent in a research report on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.67.

American Homes 4 Rent Profile

AMH (NYSE: AMH) is a leading large-scale integrated 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. Our goal is to simplify the experience of leasing a home and deliver peace of mind to households across the country.