Davis Selected Advisers Has $9.19 Million Stock Position in American Homes 4 Rent (NYSE:AMH)

Key Points

• Davis Selected Advisers increased its stake in American Homes 4 Rent by 12.2%, bringing its total holdings to 243,120 shares worth approximately $9.2 million.
• Analysts have a consensus rating of "Moderate Buy" for American Homes 4 Rent, with an average price target of $40.90, reflecting positive sentiment from multiple investment firms.
• Director Jack E. Corrigan recently purchased 4,000 shares of the company at an average price of $22.93 per share, increasing his ownership by 36.36%.

Davis Selected Advisers lifted its stake in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 12.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 243,120 shares of the real estate investment trust's stock after purchasing an additional 26,450 shares during the quarter. Davis Selected Advisers owned about 0.07% of American Homes 4 Rent worth $9,192,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AMH. Golden State Wealth Management LLC bought a new position in American Homes 4 Rent during the 1st quarter valued at $29,000. Parallel Advisors LLC boosted its stake in American Homes 4 Rent by 171.1% during the 1st 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 in the last quarter. Opal Wealth Advisors LLC bought a new position in American Homes 4 Rent during the 1st quarter valued at $42,000. Avalon Trust Co bought a new stake in shares of American Homes 4 Rent during the 1st quarter worth $52,000. Finally, Bellwether Advisors LLC bought a new stake in shares of American Homes 4 Rent during the 4th quarter worth $56,000. 91.87% of the stock is owned by institutional investors.

Insider Activity

In other American Homes 4 Rent news, Director Jack E. Corrigan purchased 4,000 shares of the stock in a transaction dated Thursday, June 12th. The shares were bought at an average cost of $22.93 per share, with a total value of $91,720.00. Following the completion of the transaction, the director owned 15,000 shares in the company, valued at $343,950. This trade represents a 36.36% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 6.32% of the company's stock.

Analysts Set New Price Targets

AMH has been the subject of several research reports. Citigroup lowered American Homes 4 Rent from a "buy" rating to a "neutral" rating and set a $41.00 price objective for the company. in a research note on Friday, June 6th. Morgan Stanley raised their price objective on 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. Royal Bank Of Canada raised their price objective on American Homes 4 Rent from $39.00 to $41.00 and gave the stock an "outperform" rating in a research note on Monday, May 5th. Keefe, Bruyette & Woods raised their price objective on American Homes 4 Rent from $38.00 to $40.00 and gave the stock a "market perform" rating in a research note on Tuesday, May 6th. Finally, Evercore ISI raised their price objective on American Homes 4 Rent from $40.00 to $41.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $40.90.

American Homes 4 Rent Stock Down 1.0%

NYSE AMH traded down $0.34 during trading on Friday, hitting $34.41. 1,218,131 shares of the company traded hands, compared to its average volume of 2,108,573. American Homes 4 Rent has a 12 month low of $31.68 and a 12 month high of $41.41. The business has a fifty day simple moving average of $36.05 and a 200 day simple moving average of $36.27. The company has a current ratio of 0.88, a quick ratio of 0.52 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $12.76 billion, a P/E ratio of 31.00, a PEG ratio of 3.57 and a beta of 0.72.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.01. The company had revenue of $457.50 million for 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 last year, the business posted $0.45 earnings per share. As a group, sell-side analysts predict that American Homes 4 Rent will post 1.85 EPS for the current year.

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.