State Street Corp Sells 1,240,269 Shares of American Homes 4 Rent (NYSE:AMH)

State Street Corp cut its position in shares of American Homes 4 Rent (NYSE:AMH) by 11.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,558,666 shares of the real estate investment trust’s stock after selling 1,240,269 shares during the period. State Street Corp owned 3.18% of American Homes 4 Rent worth $251,010,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of AMH. Whittier Trust Co. of Nevada Inc. acquired a new stake in American Homes 4 Rent during the 3rd quarter valued at $31,000. Quest Capital Management Inc. ADV bought a new position in shares of American Homes 4 Rent in the third quarter valued at about $32,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of American Homes 4 Rent during the 4th quarter worth about $111,000. Penserra Capital Management LLC lifted its stake in shares of American Homes 4 Rent by 39.7% during the 3rd quarter. Penserra Capital Management LLC now owns 7,064 shares of the real estate investment trust’s stock worth $182,000 after buying an additional 2,008 shares during the last quarter. Finally, Exane Derivatives bought a new stake in shares of American Homes 4 Rent during the 4th quarter worth about $215,000. 89.93% of the stock is currently owned by institutional investors.

NYSE AMH traded up $0.02 during midday trading on Thursday, hitting $28.94. The company had a trading volume of 65,619 shares, compared to its average volume of 1,534,780. The company has a market capitalization of $8.80 billion, a PE ratio of 107.30, a P/E/G ratio of 2.46 and a beta of 0.58. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.47. The firm has a 50-day moving average price of $27.39 and a 200-day moving average price of $26.13. American Homes 4 Rent has a twelve month low of $21.59 and a twelve month high of $29.89.

Several analysts recently issued reports on the company. Zacks Investment Research downgraded American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Thursday, February 13th. Evercore ISI reiterated a “buy” rating and set a $27.00 price objective on shares of American Homes 4 Rent in a research report on Tuesday, November 12th. JMP Securities lifted their target price on American Homes 4 Rent from $27.00 to $29.00 and gave the stock a “market outperform” rating in a report on Monday, January 27th. Goldman Sachs Group started coverage on shares of American Homes 4 Rent in a research report on Friday, November 8th. They issued a “buy” rating and a $29.00 target price for the company. Finally, Wells Fargo & Co restated an “equal weight” rating and issued a $29.00 price target on shares of American Homes 4 Rent in a research note on Tuesday. One analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. American Homes 4 Rent presently has an average rating of “Hold” and a consensus target price of $27.55.

About American Homes 4 Rent

American Homes 4 Rent (NYSE: AMH) is a leader in the single-family home rental industry and "American Homes 4 Rent" is fast becoming a nationally recognized brand for rental homes, known for high quality, good value and tenant satisfaction. We are an internally managed Maryland real estate investment trust, or REIT, focused on acquiring, renovating, leasing, and operating attractive, single-family homes as rental properties.

Recommended Story: S&P 500 Index

Institutional Ownership by Quarter for American Homes 4 Rent (NYSE:AMH)

Receive News & Ratings for American Homes 4 Rent Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Homes 4 Rent and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit