Deutsche Bank AG Boosts Holdings in American Homes 4 Rent (NYSE:AMH)

Key Points

• Deutsche Bank AG significantly increased its stake in American Homes 4 Rent by 336.7%, owning approximately 3.08 million shares worth $116.45 million as of the latest SEC filing.
• American Homes 4 Rent reported an earnings per share (EPS) of $0.47 for the last quarter, exceeding analysts' expectations of $0.46, with revenues reaching $457.50 million.
• Eight research analysts have issued a "buy" rating for the stock, with an average price target of $40.90, suggesting a positive outlook for American Homes 4 Rent moving forward.

Deutsche Bank AG lifted its stake in American Homes 4 Rent (NYSE:AMH - Free Report) by 336.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,079,945 shares of the real estate investment trust's stock after purchasing an additional 2,374,678 shares during the period. Deutsche Bank AG owned approximately 0.83% of American Homes 4 Rent worth $116,453,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its position in shares of American Homes 4 Rent by 0.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 4,366,860 shares of the real estate investment trust's stock worth $165,111,000 after purchasing an additional 32,825 shares in the last quarter. ASR Vermogensbeheer N.V. acquired a new position in American Homes 4 Rent during the first quarter valued at approximately $349,000. Corbyn Investment Management Inc. MD lifted its holdings in shares of American Homes 4 Rent by 0.6% during the first quarter. Corbyn Investment Management Inc. MD now owns 100,730 shares of the real estate investment trust's stock valued at $3,809,000 after acquiring an additional 615 shares during the period. Centersquare Investment Management LLC raised its holdings in shares of American Homes 4 Rent by 283.7% in the first quarter. Centersquare Investment Management LLC now owns 1,825,434 shares of the real estate investment trust's stock valued at $69,020,000 after buying an additional 1,349,634 shares during the last quarter. Finally, American Assets Investment Management LLC bought a new stake in shares of American Homes 4 Rent in the 1st quarter valued at about $2,437,000. Institutional investors and hedge funds own 91.87% of the company's stock.

American Homes 4 Rent Price Performance

NYSE:AMH opened at $34.41 on Friday. 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 business's 50-day simple moving average is $36.05 and its two-hundred day simple moving average is $36.27. The stock 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 issued its earnings results on Thursday, July 31st. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.01. American Homes 4 Rent had a return on equity of 5.60% and a net margin of 23.72%. The firm had revenue of $457.50 million for the quarter, compared to analysts' expectations of $451.50 million. During the same period in the previous year, the firm posted $0.45 earnings per share. The business's revenue was up 8.0% compared to the same quarter last year. As a group, analysts forecast that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Jack E. Corrigan acquired 4,000 shares of American Homes 4 Rent stock in a transaction on 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 purchase, the director directly owned 15,000 shares of the company's stock, valued at $343,950. The trade was a 36.36% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 6.32% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Raymond James Financial increased their price target on American Homes 4 Rent from $39.00 to $43.00 and gave the company an "outperform" rating in a research note on Friday, May 9th. 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 research report on Tuesday, May 6th. Morgan Stanley upped their price target on American Homes 4 Rent from $39.00 to $40.50 and gave the company an "overweight" rating in a research report on Thursday, May 22nd. Citigroup lowered 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 note on Friday, June 6th. Finally, Royal Bank Of Canada increased their target price on American Homes 4 Rent from $39.00 to $41.00 and gave the company an "outperform" rating in a report on Monday, May 5th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, American Homes 4 Rent currently has an average 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.