Third Avenue Management LLC Has $7.28 Million Stock Holdings in American Homes 4 Rent $AMH

Key Points

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Third Avenue Management LLC lessened its stake in American Homes 4 Rent (NYSE:AMH - Free Report) by 40.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 192,560 shares of the real estate investment trust's stock after selling 128,661 shares during the quarter. American Homes 4 Rent accounts for about 1.5% of Third Avenue Management LLC's holdings, making the stock its 22nd biggest position. Third Avenue Management LLC owned approximately 0.05% of American Homes 4 Rent worth $7,281,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its stake in American Homes 4 Rent by 15.2% in the 1st quarter. JPMorgan Chase & Co. now owns 15,899,721 shares of the real estate investment trust's stock valued at $601,169,000 after buying an additional 2,094,497 shares during the period. Price T Rowe Associates Inc. MD increased its stake in American Homes 4 Rent by 8.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 8,721,356 shares of the real estate investment trust's stock valued at $326,355,000 after buying an additional 675,077 shares during the period. Dimensional Fund Advisors LP increased its stake in American Homes 4 Rent by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,935,152 shares of the real estate investment trust's stock valued at $184,670,000 after buying an additional 28,381 shares during the period. Charles Schwab Investment Management Inc. increased its stake in American Homes 4 Rent by 0.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,366,860 shares of the real estate investment trust's stock valued at $165,111,000 after buying an additional 32,825 shares during the period. Finally, Northern Trust Corp increased its stake in American Homes 4 Rent by 2.0% in the 1st quarter. Northern Trust Corp now owns 4,268,625 shares of the real estate investment trust's stock valued at $161,397,000 after buying an additional 85,084 shares during the period. 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 Tuesday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.66. The company has a fifty day simple moving average of $35.73 and a 200 day simple moving average of $36.27. The company has a market cap of $12.76 billion, a P/E ratio of 31.00, a P/E/G ratio of 2.94 and a beta of 0.72. American Homes 4 Rent has a 1 year low of $31.68 and a 1 year high of $41.41.

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 for the quarter, beating analysts' consensus estimates of $0.46 by $0.01. American Homes 4 Rent had a net margin of 23.72% and a return on equity of 5.60%. The firm had revenue of $457.50 million during the quarter, compared to the consensus estimate of $451.50 million. During the same period in the prior year, the firm earned $0.45 EPS. The business's revenue was up 8.0% on a year-over-year basis. On average, sell-side analysts predict that American Homes 4 Rent will post 1.85 EPS for the current year.

Insiders Place Their Bets

In related news, Director Jack E. Corrigan purchased 4,000 shares of American Homes 4 Rent stock in a transaction on Thursday, June 12th. The stock was purchased at an average cost of $22.93 per share, with a total value of $91,720.00. Following the acquisition, the director directly owned 15,000 shares in the company, valued at approximately $343,950. This trade represents a 36.36% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 6.01% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Raymond James Financial upped their price objective 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. Royal Bank Of Canada boosted their target price on shares of American Homes 4 Rent from $39.00 to $41.00 and gave the stock an "outperform" rating in a research report on Monday, May 5th. Wall Street Zen raised shares of American Homes 4 Rent from a "sell" rating to a "hold" rating in a research report on Tuesday, May 6th. Evercore ISI boosted their target price on shares of American Homes 4 Rent from $40.00 to $41.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Finally, Morgan Stanley boosted their target price on shares of American Homes 4 Rent from $39.00 to $40.50 and gave the stock an "overweight" rating in a research report on Thursday, May 22nd. Seven 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, American Homes 4 Rent presently has an average rating of "Moderate Buy" and a consensus price target of $41.04.

American Homes 4 Rent 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.

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