ASR Vermogensbeheer N.V. Invests $349,000 in American Homes 4 Rent (NYSE:AMH)

Key Points

• ASR Vermogensbeheer N.V. has invested approximately $349,000 in American Homes 4 Rent, acquiring 9,242 shares of the real estate investment trust during the first quarter.
• American Homes 4 Rent reported a quarterly earnings per share (EPS) of $0.47, beating expectations, and experienced an 8.0% year-over-year revenue increase.
• The stock of American Homes 4 Rent is currently rated as a "Moderate Buy" by analysts, with a consensus price target of $40.90.

ASR Vermogensbeheer N.V. acquired a new position in shares of American Homes 4 Rent (NYSE:AMH - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 9,242 shares of the real estate investment trust's stock, valued at approximately $349,000.

Several other hedge funds have also modified their holdings of AMH. Golden State Wealth Management LLC purchased a new stake in American Homes 4 Rent in the first quarter worth $29,000. Parallel Advisors LLC boosted its stake in shares of American Homes 4 Rent by 171.1% during the first quarter. Parallel Advisors LLC now owns 843 shares of the real estate investment trust's stock valued at $32,000 after purchasing an additional 532 shares during the period. Opal Wealth Advisors LLC purchased a new stake in shares of American Homes 4 Rent during the first quarter valued at $42,000. Avalon Trust Co purchased a new position in American Homes 4 Rent in the 1st quarter worth about $52,000. Finally, Bellwether Advisors LLC bought a new stake in American Homes 4 Rent during the 4th quarter valued at about $56,000. 91.87% of the stock is owned by hedge funds and other institutional investors.

American Homes 4 Rent Stock Down 1.0%

AMH opened at $34.41 on Friday. The business has a 50 day moving average price of $36.05 and a two-hundred day moving average price of $36.27. The company has a quick ratio of 0.52, a current ratio of 0.88 and a debt-to-equity ratio of 0.66. The company has a market cap of $12.76 billion, a PE ratio of 31.00, a P/E/G ratio of 3.57 and a beta of 0.72. American Homes 4 Rent has a 52 week low of $31.68 and a 52 week high of $41.41.

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

Analyst Upgrades and Downgrades

AMH has been the subject of a number of research analyst reports. Citigroup lowered shares of American Homes 4 Rent from a "buy" rating to a "neutral" rating and set a $41.00 price objective for the company. in a report on Friday, June 6th. Royal Bank Of Canada increased their price target on American Homes 4 Rent from $39.00 to $41.00 and gave the stock an "outperform" rating in a research report on Monday, May 5th. Raymond James Financial increased their price target on American Homes 4 Rent from $39.00 to $43.00 and gave the stock an "outperform" rating in a research report on Friday, May 9th. Morgan Stanley increased their price target on American Homes 4 Rent from $39.00 to $40.50 and gave the stock an "overweight" rating in a research report on Thursday, May 22nd. Finally, Keefe, Bruyette & Woods increased their price target on American Homes 4 Rent from $38.00 to $40.00 and gave the stock a "market perform" rating in a research report on Tuesday, May 6th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $40.90.

Insider Activity

In other news, Director Jack E. Corrigan purchased 4,000 shares of the stock in a transaction that occurred on Thursday, June 12th. The shares were acquired at an average price of $22.93 per share, for a total transaction of $91,720.00. Following the acquisition, the director directly owned 15,000 shares in the company, valued at approximately $343,950. The trade was a 36.36% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 6.32% of the company's stock.

American Homes 4 Rent Company 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.

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