64,443 Shares in American Homes 4 Rent (NYSE:AMH) Purchased by American Assets Investment Management LLC

Key Points

• American Assets Investment Management LLC has made a new investment in American Homes 4 Rent, acquiring 64,443 shares valued at approximately $2.4 million during the first quarter.
• Several hedge funds, including Golden State Wealth Management and Parallel Advisors, have also increased their positions in American Homes 4 Rent, leading to 91.87% of the stock being owned by institutional investors.
• Wall Street analysts have expressed optimism about the stock's performance, with multiple firms raising their price targets, indicating an average target of $40.90 and a rating of "Moderate Buy."

American Assets Investment Management LLC purchased a new stake in shares of American Homes 4 Rent (NYSE:AMH - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 64,443 shares of the real estate investment trust's stock, valued at approximately $2,437,000.

Other large investors also recently made changes to their positions in the company. GF Fund Management CO. LTD. increased its holdings in American Homes 4 Rent by 5.1% during the first quarter. GF Fund Management CO. LTD. now owns 6,288 shares of the real estate investment trust's stock worth $238,000 after buying an additional 304 shares during the last quarter. Arizona State Retirement System increased its holdings in American Homes 4 Rent by 0.4% during the first quarter. Arizona State Retirement System now owns 96,005 shares of the real estate investment trust's stock worth $3,630,000 after buying an additional 366 shares during the last quarter. Quadrant Capital Group LLC increased its holdings in American Homes 4 Rent by 11.9% during the fourth quarter. Quadrant Capital Group LLC now owns 3,532 shares of the real estate investment trust's stock worth $132,000 after buying an additional 376 shares during the last quarter. Avantax Advisory Services Inc. increased its holdings in American Homes 4 Rent by 1.1% during the first quarter. Avantax Advisory Services Inc. now owns 34,995 shares of the real estate investment trust's stock worth $1,323,000 after buying an additional 391 shares during the last quarter. Finally, Bessemer Group Inc. increased its holdings in American Homes 4 Rent by 14.5% during the fourth quarter. Bessemer Group Inc. now owns 3,599 shares of the real estate investment trust's stock worth $135,000 after buying an additional 456 shares during the last quarter. 91.87% of the stock is owned by institutional investors.

American Homes 4 Rent Price Performance

American Homes 4 Rent stock traded down $0.48 during mid-day trading on Wednesday, hitting $34.81. 2,940,650 shares of the company traded hands, compared to its average volume of 2,160,047. The stock has a market cap of $12.88 billion, a price-to-earnings ratio of 31.36, a price-to-earnings-growth ratio of 3.67 and a beta of 0.72. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.52 and a current ratio of 0.88. The stock has a fifty day moving average price of $36.17 and a 200-day moving average price of $36.27. American Homes 4 Rent has a one year low of $31.68 and a one year high of $41.41.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.01. The business had revenue of $457.50 million during the quarter, compared to analysts' expectations of $451.50 million. American Homes 4 Rent had a net margin of 23.72% and a return on equity of 5.60%. The firm's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.45 EPS. On average, equities analysts predict that American Homes 4 Rent will post 1.85 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Jack E. Corrigan acquired 4,000 shares of the firm's stock in a transaction on Thursday, June 12th. The stock was acquired at an average cost of $22.93 per share, for a total transaction of $91,720.00. Following the acquisition, the director owned 15,000 shares of the company's stock, valued at $343,950. This trade represents a 36.36% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 6.32% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Evercore ISI raised their price objective on shares of American Homes 4 Rent from $40.00 to $41.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Scotiabank lifted their target price on shares of American Homes 4 Rent from $38.00 to $41.00 and gave the stock a "sector perform" rating in a research note on Monday, May 12th. Morgan Stanley lifted their target price on shares of American Homes 4 Rent from $39.00 to $40.50 and gave the stock an "overweight" rating in a research note on Thursday, May 22nd. Citigroup downgraded shares of American Homes 4 Rent from a "buy" rating to a "neutral" rating and set a $41.00 target price for the company. in a research note on Friday, June 6th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of American Homes 4 Rent from $38.00 to $40.00 and gave the company a "market perform" rating in a research note on Tuesday, May 6th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, American Homes 4 Rent has a consensus rating of "Moderate Buy" and an average price target of $40.90.

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.