American Homes 4 Rent (NYSE:AMH) Shares Bought by State of Alaska Department of Revenue

State of Alaska Department of Revenue increased its stake in American Homes 4 Rent (NYSE:AMH) by 0.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 199,044 shares of the real estate investment trust’s stock after buying an additional 1,210 shares during the period. State of Alaska Department of Revenue’s holdings in American Homes 4 Rent were worth $7,446,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of AMH. Maryland Capital Advisors Inc. purchased a new position in American Homes 4 Rent in the 3rd quarter worth about $25,000. UMB Bank n.a. boosted its holdings in shares of American Homes 4 Rent by 331.9% in the third quarter. UMB Bank n.a. now owns 786 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 604 shares during the period. Assetmark Inc. increased its position in shares of American Homes 4 Rent by 359.1% in the third quarter. Assetmark Inc. now owns 1,010 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 790 shares in the last quarter. V Square Quantitative Management LLC raised its holdings in shares of American Homes 4 Rent by 31.6% during the third 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 period. Finally, Catalyst Capital Advisors LLC purchased a new stake in shares of American Homes 4 Rent in the 3rd quarter valued at approximately $53,000. 91.87% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at American Homes 4 Rent

In other news, COO Bryan Smith sold 40,000 shares of American Homes 4 Rent stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $37.80, for a total transaction of $1,512,000.00. Following the sale, the chief operating officer now owns 125,580 shares of the company’s stock, valued at approximately $4,746,924. This trade represents a 24.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Douglas N. Benham bought 3,286 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was purchased at an average price of $24.49 per share, with a total value of $80,474.14. Following the completion of the purchase, the director now directly owns 41,946 shares of the company’s stock, valued at $1,027,257.54. This represents a 8.50 % increase in their position. The disclosure for this purchase can be found here. 6.32% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

AMH has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft downgraded shares of American Homes 4 Rent from a “buy” rating to a “hold” rating and cut their target price for the company from $40.00 to $37.00 in a research note on Tuesday, January 21st. Evercore ISI upgraded shares of American Homes 4 Rent from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $41.00 to $42.00 in a report on Monday, November 11th. Mizuho lifted their target price on shares of American Homes 4 Rent from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Thursday, October 10th. Morgan Stanley raised shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $39.00 to $40.00 in a research note on Friday, January 24th. Finally, JMP Securities reissued a “market outperform” rating and set a $41.00 price objective on shares of American Homes 4 Rent in a research report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, American Homes 4 Rent presently has an average rating of “Moderate Buy” and a consensus target price of $40.67.

American Homes 4 Rent Price Performance

NYSE AMH opened at $35.27 on Friday. American Homes 4 Rent has a 1 year low of $33.75 and a 1 year high of $41.41. The company has a fifty day simple moving average of $36.22 and a 200 day simple moving average of $37.44. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.59. The company has a market cap of $13.03 billion, a P/E ratio of 36.73, a P/E/G ratio of 3.38 and a beta of 0.78.

American Homes 4 Rent Company 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.