American Homes 4 Rent (NYSE:AMH) Shares Purchased by Retirement Systems of Alabama

Retirement Systems of Alabama raised its holdings in American Homes 4 Rent (NYSE:AMH) by 0.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 801,125 shares of the real estate investment trust’s stock after acquiring an additional 3,510 shares during the period. Retirement Systems of Alabama’s holdings in American Homes 4 Rent were worth $29,978,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of AMH. Maryland Capital Advisors Inc. acquired a new position in American Homes 4 Rent in the 3rd quarter valued at $25,000. UMB Bank n.a. raised its holdings in American Homes 4 Rent by 331.9% in the 3rd quarter. UMB Bank n.a. now owns 786 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 604 shares during the last quarter. Assetmark Inc. raised its holdings in American Homes 4 Rent by 359.1% in the 3rd quarter. Assetmark Inc. now owns 1,010 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 790 shares during the last quarter. V Square Quantitative Management LLC raised its holdings in American Homes 4 Rent by 31.6% in the 3rd quarter. V Square Quantitative Management LLC now owns 1,144 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 275 shares during the last quarter. Finally, Catalyst Capital Advisors LLC acquired a new position in American Homes 4 Rent in the 3rd quarter valued at $53,000. 91.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Douglas N. Benham purchased 3,286 shares of the company’s stock in a transaction on Thursday, December 5th. The shares were bought at an average price of $24.49 per share, for a total transaction of $80,474.14. Following the completion of the purchase, the director now owns 41,946 shares of the company’s stock, valued at $1,027,257.54. This trade represents a 8.50 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Bryan Smith sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $37.80, for a total transaction of $1,512,000.00. Following the completion of the sale, the chief operating officer now owns 125,580 shares in the company, valued at $4,746,924. The trade was a 24.16 % decrease in their position. The disclosure for this sale can be found here. 6.05% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on AMH shares. Keefe, Bruyette & Woods cut their price target on American Homes 4 Rent from $39.00 to $38.00 and set a “market perform” rating for the company in a report on Wednesday, November 6th. Scotiabank downgraded American Homes 4 Rent from a “sector outperform” rating to a “sector perform” rating and set a $38.00 price objective for the company. in a report on Thursday, January 23rd. Evercore ISI upgraded American Homes 4 Rent from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $41.00 to $42.00 in a report on Monday, November 11th. JMP Securities restated a “market outperform” rating and set a $41.00 price objective on shares of American Homes 4 Rent in a report on Tuesday, January 14th. Finally, Mizuho upped their price objective on American Homes 4 Rent from $39.00 to $40.00 and gave the stock an “outperform” rating in a report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $40.67.

American Homes 4 Rent Price Performance

AMH opened at $35.16 on Thursday. The firm has a market cap of $12.99 billion, a price-to-earnings ratio of 36.62, a price-to-earnings-growth ratio of 3.38 and a beta of 0.78. American Homes 4 Rent has a fifty-two week low of $33.75 and a fifty-two week high of $41.41. The company’s 50-day moving average price is $36.29 and its 200 day moving average price is $37.46. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.59.

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.