Vanguard Group Inc. Sells 31,097 Shares of American Homes 4 Rent (NYSE:AMH)

Key Points

• Vanguard Group Inc. has reduced its stake in American Homes 4 Rent by 0.1%, now holding approximately 12.14% of the company with a value of $1.7 billion after selling 31,097 shares.
• Several large investors, including Invesco Ltd. and Price T Rowe Associates Inc., have increased their positions in the company during the fourth quarter, highlighting ongoing interest in American Homes 4 Rent.
• Analysts have raised their price targets for American Homes 4 Rent, with a consensus rating of "Moderate Buy" and an average price target of $40.90.

Vanguard Group Inc. decreased its position in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 0.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 44,917,707 shares of the real estate investment trust's stock after selling 31,097 shares during the period. Vanguard Group Inc. owned approximately 12.14% of American Homes 4 Rent worth $1,698,339,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD increased its position in American Homes 4 Rent by 8.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 8,721,356 shares of the real estate investment trust's stock worth $326,355,000 after buying an additional 675,077 shares during the period. Invesco Ltd. increased its position in American Homes 4 Rent by 186.2% during the 4th quarter. Invesco Ltd. now owns 6,292,773 shares of the real estate investment trust's stock worth $235,476,000 after buying an additional 4,094,177 shares during the period. Dimensional Fund Advisors LP increased its position in American Homes 4 Rent by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,935,152 shares of the real estate investment trust's stock worth $184,670,000 after buying an additional 28,381 shares during the period. Northern Trust Corp increased its position in American Homes 4 Rent by 40.1% during the 4th quarter. Northern Trust Corp now owns 4,183,541 shares of the real estate investment trust's stock worth $156,548,000 after buying an additional 1,198,471 shares during the period. Finally, Burgundy Asset Management Ltd. increased its position in American Homes 4 Rent by 1.6% during the 4th quarter. Burgundy Asset Management Ltd. now owns 3,844,552 shares of the real estate investment trust's stock worth $143,863,000 after buying an additional 60,756 shares during the period. Institutional investors own 91.87% of the company's stock.

Insiders Place Their Bets

In other news, Director Jack E. Corrigan purchased 4,000 shares of the business's stock in a transaction dated Thursday, June 12th. The shares were purchased 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 owned 15,000 shares of the company's stock, valued at $343,950. This trade represents a 36.36% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. 6.32% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Raymond James Financial increased their price objective on American Homes 4 Rent from $39.00 to $43.00 and gave the stock an "outperform" rating in a research report on Friday, May 9th. Keefe, Bruyette & Woods raised their price target on American Homes 4 Rent from $38.00 to $40.00 and gave the stock a "market perform" rating in a research report on Tuesday, May 6th. Wall Street Zen upgraded American Homes 4 Rent from a "sell" rating to a "hold" rating in a research report on Tuesday, May 6th. Royal Bank Of Canada raised their price target on 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. Finally, Evercore ISI raised their price target on 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. Eight investment 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, American Homes 4 Rent presently has a consensus rating of "Moderate Buy" and an average price target of $40.90.

American Homes 4 Rent Stock Performance

NYSE:AMH opened at $34.41 on Friday. The stock's 50-day simple moving average is $36.05 and its 200 day simple moving average is $36.27. The firm has a market capitalization of $12.76 billion, a PE ratio of 31.00, a price-to-earnings-growth ratio of 3.57 and a beta of 0.72. The company has a quick ratio of 0.52, a current ratio of 0.88 and a debt-to-equity ratio of 0.66. American Homes 4 Rent has a twelve month low of $31.68 and a twelve month high of $41.41.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last released its quarterly earnings data 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 business had revenue of $457.50 million for the quarter, compared to analyst estimates of $451.50 million. American Homes 4 Rent had a return on equity of 5.60% and a net margin of 23.72%. American Homes 4 Rent's revenue was up 8.0% compared to the same quarter last year. During the same period last year, the firm posted $0.45 earnings per share. On average, analysts anticipate that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

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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