Centersquare Investment Management LLC Increases Position in American Homes 4 Rent (NYSE:AMH)

Key Points

• Centersquare Investment Management LLC increased its stake in American Homes 4 Rent by 283.7% during the first quarter, now owning 1,825,434 shares valued at approximately $69 million.
• Insider activity includes Director Jack E. Corrigan purchasing 4,000 shares for $91,720, raising his ownership by 36.36%.
• Equity analysts have varied opinions on the stock, with target prices set between $40.00 and $41.00, indicating a mixed outlook for its performance.

Centersquare Investment Management LLC increased its holdings in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 283.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,825,434 shares of the real estate investment trust's stock after acquiring an additional 1,349,634 shares during the period. Centersquare Investment Management LLC owned approximately 0.49% of American Homes 4 Rent worth $69,020,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Orion Portfolio Solutions LLC grew its holdings in American Homes 4 Rent by 23.0% in the fourth quarter. Orion Portfolio Solutions LLC now owns 7,417 shares of the real estate investment trust's stock valued at $278,000 after purchasing an additional 1,385 shares during the period. Alliancebernstein L.P. boosted its stake in shares of American Homes 4 Rent by 11.1% in the fourth quarter. Alliancebernstein L.P. now owns 561,638 shares of the real estate investment trust's stock worth $21,016,000 after acquiring an additional 56,006 shares during the last quarter. National Bank of Canada FI raised its stake in American Homes 4 Rent by 3,140.9% in the 4th quarter. National Bank of Canada FI now owns 44,076 shares of the real estate investment trust's stock valued at $1,649,000 after purchasing an additional 42,716 shares during the last quarter. Resona Asset Management Co. Ltd. purchased a new position in American Homes 4 Rent in the 4th quarter valued at $6,515,000. Finally, Quadrant Capital Group LLC lifted its holdings in American Homes 4 Rent by 11.9% in the 4th quarter. Quadrant Capital Group LLC now owns 3,532 shares of the real estate investment trust's stock valued at $132,000 after purchasing an additional 376 shares in the last quarter. Hedge funds and other institutional investors own 91.87% of the company's stock.

Insider Activity

In other American Homes 4 Rent news, Director Jack E. Corrigan acquired 4,000 shares of the stock in a transaction that occurred on Thursday, June 12th. The shares were purchased at an average cost of $22.93 per share, with a total value of $91,720.00. Following the purchase, the director owned 15,000 shares in the company, valued at approximately $343,950. The trade was a 36.36% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 6.32% of the stock is owned by company insiders.

American Homes 4 Rent Stock Performance

AMH traded down $0.34 during trading on Friday, hitting $34.41. The stock had a trading volume of 1,218,131 shares, compared to its average volume of 2,108,573. 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 firm has a market capitalization of $12.76 billion, a P/E ratio of 31.00, a PEG ratio of 3.61 and a beta of 0.72. American Homes 4 Rent has a twelve month low of $31.68 and a twelve month high of $41.41. The company's 50-day moving average price is $36.05 and its 200 day moving average price is $36.26.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last announced 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 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 business's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.45 earnings per share. On average, equities research analysts forecast that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Morgan Stanley raised their price target 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 American Homes 4 Rent from a "buy" rating to a "neutral" rating and set a $41.00 target price on the stock. in a research report on Friday, June 6th. Wall Street Zen upgraded American Homes 4 Rent from a "sell" rating to a "hold" rating in a report on Tuesday, May 6th. Keefe, Bruyette & Woods lifted their target price on American Homes 4 Rent from $38.00 to $40.00 and gave the company a "market perform" rating in a report on Tuesday, May 6th. Finally, Royal Bank Of Canada lifted their price objective on shares of 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. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $40.90.

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.