Nuveen LLC Invests $113.67 Million in American Homes 4 Rent (NYSE:AMH)

Key Points

• Nuveen LLC has acquired a stake in American Homes 4 Rent (NYSE:AMH), purchasing 3,006,316 shares valued at approximately $113.67 million, representing 0.81% of the company.
• Several institutional investors have increased their holdings in American Homes 4 Rent, with Alyeska Investment Group L.P. boosting its stake by 185.2% in the fourth quarter.
• American Homes 4 Rent recently reported earnings of $0.47 per share, surpassing consensus estimates, with revenues increasing by 8% year-over-year.

Nuveen LLC bought a new position in American Homes 4 Rent (NYSE:AMH - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,006,316 shares of the real estate investment trust's stock, valued at approximately $113,669,000. Nuveen LLC owned about 0.81% of American Homes 4 Rent at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Deutsche Bank AG lifted its stake in shares of American Homes 4 Rent by 336.7% in the 1st quarter. Deutsche Bank AG now owns 3,079,945 shares of the real estate investment trust's stock valued at $116,453,000 after purchasing an additional 2,374,678 shares during the last quarter. JPMorgan Chase & Co. boosted its position in American Homes 4 Rent by 15.2% during the first quarter. JPMorgan Chase & Co. now owns 15,899,721 shares of the real estate investment trust's stock worth $601,169,000 after purchasing an additional 2,094,497 shares in the last quarter. Centersquare Investment Management LLC boosted its position in American Homes 4 Rent by 283.7% during the first quarter. Centersquare Investment Management LLC now owns 1,825,434 shares of the real estate investment trust's stock worth $69,020,000 after purchasing an additional 1,349,634 shares in the last quarter. Alyeska Investment Group L.P. lifted its position in shares of American Homes 4 Rent by 185.2% in the fourth quarter. Alyeska Investment Group L.P. now owns 1,989,260 shares of the real estate investment trust's stock valued at $74,438,000 after acquiring an additional 1,291,865 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in shares of American Homes 4 Rent by 40.1% in the fourth quarter. Northern Trust Corp now owns 4,183,541 shares of the real estate investment trust's stock valued at $156,548,000 after purchasing an additional 1,198,471 shares during the last quarter. 91.87% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Jack E. Corrigan bought 4,000 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The shares were acquired at an average cost of $22.93 per share, for a total transaction of $91,720.00. Following the acquisition, the director owned 15,000 shares in the company, valued at $343,950. This represents a 36.36% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 6.32% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on AMH shares. Citigroup downgraded 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. Royal Bank Of Canada raised their price objective on American Homes 4 Rent from $39.00 to $41.00 and gave the company an "outperform" rating in a research report on Monday, May 5th. Barclays dropped their target price on American Homes 4 Rent from $40.00 to $39.00 and set an "equal weight" rating on the stock in a research report on Tuesday. Raymond James Financial lifted their price target on American Homes 4 Rent from $39.00 to $43.00 and gave the stock an "outperform" rating in a research note on Friday, May 9th. Finally, Scotiabank lifted their target price on American Homes 4 Rent from $38.00 to $41.00 and gave the company a "sector perform" rating in a research note on Monday, May 12th. Eight equities 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 an average rating of "Moderate Buy" and a consensus price target of $40.97.

American Homes 4 Rent Trading Up 0.6%

NYSE:AMH traded up $0.20 on Friday, reaching $34.79. 1,660,062 shares of the company's stock were exchanged, compared to its average volume of 1,975,300. The business has a fifty day moving average of $35.78 and a 200-day moving average of $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 52-week low of $31.68 and a 52-week high of $41.41. The firm has a market capitalization of $12.90 billion, a price-to-earnings ratio of 31.34, a price-to-earnings-growth ratio of 2.93 and a beta of 0.72.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.45 earnings per share. As a group, analysts expect that American Homes 4 Rent will post 1.85 earnings per share for the current 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.