JPMorgan Chase & Co. Increases Stock Holdings in American Homes 4 Rent (NYSE:AMH)

Key Points

• JPMorgan Chase & Co. increased its stake in American Homes 4 Rent by 15.2% in the first quarter, owning 15,899,721 shares valued at $601.17 million.
• Analysts have raised their price targets for American Homes 4 Rent, with estimates ranging from $40.00 to $41.00, indicating a positive outlook for the company's stock.
• American Homes 4 Rent's latest earnings report showed a revenue increase of 8.0% year-over-year, reaching $457.50 million and exceeding analyst expectations.

JPMorgan Chase & Co. lifted its stake in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 15.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,899,721 shares of the real estate investment trust's stock after purchasing an additional 2,094,497 shares during the quarter. JPMorgan Chase & Co. owned 4.30% of American Homes 4 Rent worth $601,169,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Raymond James Financial Inc. bought a new stake in shares of American Homes 4 Rent in the 4th quarter valued at $6,821,000. Bessemer Group Inc. increased its stake in shares of American Homes 4 Rent by 14.5% in the 4th quarter. Bessemer Group Inc. now owns 3,599 shares of the real estate investment trust's stock valued at $135,000 after acquiring an additional 456 shares in the last quarter. Treasurer of the State of North Carolina increased its stake in shares of American Homes 4 Rent by 0.5% in the 4th quarter. Treasurer of the State of North Carolina now owns 152,215 shares of the real estate investment trust's stock valued at $5,696,000 after acquiring an additional 750 shares in the last quarter. Townsquare Capital LLC bought a new stake in shares of American Homes 4 Rent in the 4th quarter valued at $222,000. Finally, Barclays PLC increased its stake in shares of American Homes 4 Rent by 95.1% in the 4th quarter. Barclays PLC now owns 676,449 shares of the real estate investment trust's stock valued at $25,315,000 after acquiring an additional 329,648 shares in the last quarter. 91.87% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AMH. Morgan Stanley boosted their price target on shares of American Homes 4 Rent from $39.00 to $40.50 and gave the company an "overweight" rating in a research note on Thursday, May 22nd. Citigroup lowered shares of American Homes 4 Rent from a "buy" rating to a "neutral" rating and set a $41.00 price target for the company. in a research note on Friday, June 6th. Wall Street Zen upgraded shares of American Homes 4 Rent from a "sell" rating to a "hold" rating in a research note on Tuesday, May 6th. Keefe, Bruyette & Woods boosted their price target 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. Finally, Raymond James Financial boosted their price target on shares of 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. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, American Homes 4 Rent currently has an average rating of "Moderate Buy" and a consensus price target of $40.97.

Insider Buying and Selling

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

American Homes 4 Rent Stock Performance

AMH traded up $0.03 during trading on Friday, hitting $34.62. 800,111 shares of the company traded hands, compared to its average volume of 2,212,657. The firm has a market cap of $12.84 billion, a P/E ratio of 31.18, a price-to-earnings-growth ratio of 2.95 and a beta of 0.72. The stock's fifty day moving average is $35.82 and its 200 day moving average is $36.25. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.66. 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 posted 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 company had revenue of $457.50 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.45 earnings per share. As a group, equities analysts predict that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

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.