Yousif Capital Management LLC Reduces Holdings in American Homes 4 Rent (NYSE:AMH)

Yousif Capital Management LLC lessened its position in shares of American Homes 4 Rent (NYSE:AMH) by 3.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 123,520 shares of the real estate investment trust’s stock after selling 4,743 shares during the quarter. Yousif Capital Management LLC’s holdings in American Homes 4 Rent were worth $4,622,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its stake in American Homes 4 Rent by 1.7% during the third quarter. JPMorgan Chase & Co. now owns 13,115,483 shares of the real estate investment trust’s stock worth $503,503,000 after acquiring an additional 214,242 shares during the last quarter. FMR LLC increased its position in shares of American Homes 4 Rent by 12.9% during the 3rd quarter. FMR LLC now owns 8,225,592 shares of the real estate investment trust’s stock worth $315,780,000 after purchasing an additional 937,116 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in American Homes 4 Rent by 1.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,224,013 shares of the real estate investment trust’s stock valued at $162,160,000 after buying an additional 62,367 shares during the period. Duff & Phelps Investment Management Co. lifted its position in American Homes 4 Rent by 5.9% in the third quarter. Duff & Phelps Investment Management Co. now owns 3,552,301 shares of the real estate investment trust’s stock valued at $136,373,000 after buying an additional 199,234 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in American Homes 4 Rent by 4.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,827,468 shares of the real estate investment trust’s stock worth $108,546,000 after buying an additional 110,586 shares during the period. 91.87% of the stock is currently owned by institutional investors and hedge funds.

American Homes 4 Rent Trading Up 0.6 %

NYSE AMH opened at $35.54 on Friday. American Homes 4 Rent has a 52 week low of $33.75 and a 52 week high of $41.41. The firm has a 50 day moving average of $36.22 and a two-hundred day moving average of $37.44. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $13.13 billion, a PE ratio of 37.02, a price-to-earnings-growth ratio of 3.38 and a beta of 0.78.

Insider Transactions at American Homes 4 Rent

In other American Homes 4 Rent news, Director Douglas N. Benham acquired 3,286 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were acquired at an average price of $24.49 per share, for a total transaction of $80,474.14. Following the acquisition, the director now owns 41,946 shares in the company, valued at $1,027,257.54. The trade was a 8.50 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Bryan Smith sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $37.80, for a total value 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. The trade was a 24.16 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 6.05% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. JMP Securities reissued a “market outperform” rating and issued a $41.00 price target on shares of American Homes 4 Rent in a research note on Tuesday, January 14th. Scotiabank cut American Homes 4 Rent from a “sector outperform” rating to a “sector perform” rating and set a $38.00 price target on the stock. in a research note on Thursday, January 23rd. Barclays dropped their price objective on American Homes 4 Rent from $39.00 to $37.00 and set an “equal weight” rating for the company in a research note on Friday, January 24th. Deutsche Bank Aktiengesellschaft lowered American Homes 4 Rent from a “buy” rating to a “hold” rating and decreased their target price for the stock from $40.00 to $37.00 in a research note on Tuesday, January 21st. Finally, Morgan Stanley raised American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $39.00 to $40.00 in a research report on Friday, January 24th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.67.

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.