Mirae Asset Global Investments Co. Ltd. Sells 3,655 Shares of American Homes 4 Rent (NYSE:AMH)

Mirae Asset Global Investments Co. Ltd. decreased its holdings in American Homes 4 Rent (NYSE:AMH) by 25.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,657 shares of the real estate investment trust’s stock after selling 3,655 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in American Homes 4 Rent were worth $395,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Maryland Capital Advisors Inc. purchased a new position in shares of American Homes 4 Rent during the third quarter valued at about $25,000. UMB Bank n.a. boosted its position in shares of American Homes 4 Rent by 331.9% during the third quarter. UMB Bank n.a. now owns 786 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 604 shares in the last quarter. Assetmark Inc. grew its stake in American Homes 4 Rent by 359.1% in the third quarter. Assetmark Inc. now owns 1,010 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 790 shares during the period. V Square Quantitative Management LLC boosted its holdings in shares of American Homes 4 Rent by 31.6% during the 3rd quarter. V Square Quantitative Management LLC now owns 1,144 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 275 shares in the last quarter. Finally, Catalyst Capital Advisors LLC bought a new position in shares of American Homes 4 Rent in the 3rd quarter worth about $53,000. 91.87% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other American Homes 4 Rent news, COO Bryan Smith sold 40,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the chief operating officer now owns 125,580 shares in the company, valued at $4,746,924. This trade represents a 24.16 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Douglas N. Benham bought 3,286 shares of the stock in a transaction dated Thursday, December 5th. The shares were 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 in the company, valued at approximately $1,027,257.54. The trade was a 8.50 % increase in their position. The disclosure for this purchase can be found here. 6.32% of the stock is currently owned by insiders.

American Homes 4 Rent Price Performance

Shares of NYSE:AMH opened at $35.24 on Thursday. The company has a market capitalization of $13.02 billion, a P/E ratio of 36.71, a P/E/G ratio of 3.45 and a beta of 0.78. American Homes 4 Rent has a 1-year low of $33.75 and a 1-year high of $41.41. The firm’s 50 day simple moving average is $36.03 and its two-hundred day simple moving average is $37.44. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.58 and a quick ratio of 0.58.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Morgan Stanley raised American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $39.00 to $40.00 in a research report on Friday, January 24th. Evercore ISI raised shares of American Homes 4 Rent from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $41.00 to $42.00 in a research report on Monday, November 11th. JMP Securities reiterated a “market outperform” rating and issued a $41.00 target price on shares of American Homes 4 Rent in a research note on Tuesday, January 14th. Keefe, Bruyette & Woods reduced their target price on American Homes 4 Rent from $39.00 to $38.00 and set a “market perform” rating for the company in a report on Wednesday, November 6th. Finally, StockNews.com cut shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, American Homes 4 Rent presently has a consensus rating of “Moderate Buy” and an average target price of $40.67.

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.