Russell Investments Group Ltd. Purchases 950,328 Shares of American Homes 4 Rent (NYSE:AMH)

Key Points

• Russell Investments Group Ltd. increased its stake in American Homes 4 Rent by 80.0%, acquiring an additional 950,328 shares to hold a total of 2,138,689 shares valued at approximately $80.86 million.
• JPMorgan Chase & Co. also increased its investment by 15.2%, now owning nearly 15.9 million shares valued at about $601 million, indicating a strong institutional interest in AMH.
• American Homes 4 Rent recently reported a $0.47 EPS for the last quarter, beating analysts' estimates, with a year-over-year revenue increase of 8.0%.

Russell Investments Group Ltd. boosted its holdings in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 80.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,138,689 shares of the real estate investment trust's stock after buying an additional 950,328 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.58% of American Homes 4 Rent worth $80,864,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in AMH. Raymond James Financial Inc. bought a new stake in American Homes 4 Rent during the fourth quarter valued at approximately $6,821,000. Bessemer Group Inc. grew its position in American Homes 4 Rent by 14.5% during the fourth quarter. Bessemer Group Inc. now owns 3,599 shares of the real estate investment trust's stock valued at $135,000 after buying an additional 456 shares during the period. Treasurer of the State of North Carolina grew its position in American Homes 4 Rent by 0.5% during the fourth 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 buying an additional 750 shares during the period. Townsquare Capital LLC purchased a new position in American Homes 4 Rent during the fourth quarter valued at approximately $222,000. Finally, Barclays PLC lifted its holdings in American Homes 4 Rent by 95.1% during the fourth quarter. Barclays PLC now owns 676,449 shares of the real estate investment trust's stock valued at $25,315,000 after purchasing an additional 329,648 shares in the last quarter. 91.87% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on AMH. Citigroup downgraded shares of American Homes 4 Rent from a "buy" rating to a "neutral" rating and set a $41.00 price target on the stock. in a report on Friday, June 6th. Keefe, Bruyette & Woods lifted 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 report on Tuesday, May 6th. Scotiabank lifted their price target on shares of American Homes 4 Rent from $38.00 to $41.00 and gave the company a "sector perform" rating in a report on Monday, May 12th. Wall Street Zen raised shares of American Homes 4 Rent from a "sell" rating to a "hold" rating in a report on Tuesday, May 6th. Finally, Raymond James Financial lifted 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 report on Friday, May 9th. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $40.97.

American Homes 4 Rent Price Performance

Shares of AMH stock traded up $0.20 during mid-day trading on Friday, hitting $34.79. The company had a trading volume of 1,660,062 shares, compared to its average volume of 1,975,300. American Homes 4 Rent has a 52-week low of $31.68 and a 52-week high of $41.41. The stock's 50 day moving average price is $35.78 and its 200-day moving average price is $36.25. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.88 and a quick ratio of 0.88. The company has a market capitalization of $12.90 billion, a P/E ratio of 31.34, a P/E/G ratio of 2.93 and a beta of 0.72.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last released 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 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 net margin of 23.72% and a return on equity of 5.60%. American Homes 4 Rent's revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.45 earnings per share. Equities research analysts forecast that American Homes 4 Rent will post 1.85 earnings per share for the current year.

Insider Transactions at American Homes 4 Rent

In other American Homes 4 Rent news, Director Jack E. Corrigan purchased 4,000 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The shares were bought at an average price 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 in the company, valued at $343,950. This trade represents a 36.36% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 6.32% of the stock is currently owned by insiders.

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.