Truist Financial Corp grew its stake in American Homes 4 Rent (NYSE:AMH – Get Rating) by 15.4% during the third quarter, HoldingsChannel reports. The fund owned 14,357 shares of the real estate investment trust’s stock after acquiring an additional 1,916 shares during the quarter. Truist Financial Corp’s holdings in American Homes 4 Rent were worth $472,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in AMH. Ellevest Inc. grew its stake in American Homes 4 Rent by 86.2% in the second quarter. Ellevest Inc. now owns 728 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 337 shares during the last quarter. Arlington Partners LLC purchased a new stake in American Homes 4 Rent during the second quarter valued at approximately $27,000. Charter Oak Capital Management LLC purchased a new stake in American Homes 4 Rent during the second quarter valued at approximately $31,000. Lazard Asset Management LLC purchased a new position in American Homes 4 Rent in the second quarter worth $62,000. Finally, Forsta AP Fonden acquired a new position in shares of American Homes 4 Rent during the third quarter worth $62,000. 84.29% of the stock is owned by institutional investors.
Insider Activity at American Homes 4 Rent
In other news, Director Matthew J. Hart sold 6,955 shares of the stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $31.44, for a total transaction of $218,665.20. Following the sale, the director now directly owns 34,340 shares of the company’s stock, valued at approximately $1,079,649.60. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Director Douglas N. Benham purchased 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 23rd. The stock was bought at an average price of $22.55 per share, with a total value of $90,200.00. Following the acquisition, the director now owns 22,070 shares in the company, valued at $497,678.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Matthew J. Hart sold 6,955 shares of the stock in a transaction on Monday, November 21st. The shares were sold at an average price of $31.44, for a total transaction of $218,665.20. Following the transaction, the director now directly owns 34,340 shares in the company, valued at $1,079,649.60. The disclosure for this sale can be found here. 6.03% of the stock is owned by company insiders.
American Homes 4 Rent Trading Up 0.4 %
American Homes 4 Rent Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, December 30th. Investors of record on Thursday, December 15th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date was Wednesday, December 14th. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 120.00%.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on AMH shares. Morgan Stanley lowered their price objective on American Homes 4 Rent from $39.00 to $31.50 and set an “equal weight” rating for the company in a research report on Monday, December 12th. Barclays cut their price objective on shares of American Homes 4 Rent from $41.00 to $37.00 and set an “overweight” rating on the stock in a report on Tuesday, December 13th. Jefferies Financial Group cut shares of American Homes 4 Rent from a “buy” rating to a “hold” rating and lowered their target price for the stock from $38.00 to $32.00 in a research note on Monday, January 2nd. StockNews.com lowered shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Friday, November 11th. Finally, The Goldman Sachs Group upgraded shares of American Homes 4 Rent from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $36.00 to $39.00 in a research note on Thursday, December 8th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.56.
American Homes 4 Rent 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.
- Get a free copy of the StockNews.com research report on American Homes 4 Rent (AMH)
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