American Homes 4 Rent $AMH Shares Sold by LPL Financial LLC

LPL Financial LLC trimmed its holdings in American Homes 4 Rent (NYSE:AMH) by 5.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 76,471 shares of the real estate investment trust’s stock after selling 4,022 shares during the period. LPL Financial LLC’s holdings in American Homes 4 Rent were worth $2,891,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in AMH. GF Fund Management CO. LTD. boosted its stake in shares of American Homes 4 Rent by 5.1% during the 1st quarter. GF Fund Management CO. LTD. now owns 6,288 shares of the real estate investment trust’s stock worth $238,000 after purchasing an additional 304 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of American Homes 4 Rent by 0.4% during the 1st quarter. Arizona State Retirement System now owns 96,005 shares of the real estate investment trust’s stock worth $3,630,000 after purchasing an additional 366 shares during the last quarter. Avantax Advisory Services Inc. lifted its holdings in shares of American Homes 4 Rent by 1.1% during the 1st quarter. Avantax Advisory Services Inc. now owns 34,995 shares of the real estate investment trust’s stock worth $1,323,000 after acquiring an additional 391 shares during the period. Tidal Investments LLC lifted its holdings in shares of American Homes 4 Rent by 2.8% during the 4th quarter. Tidal Investments LLC now owns 16,926 shares of the real estate investment trust’s stock worth $633,000 after acquiring an additional 469 shares during the period. Finally, Ossiam lifted its holdings in shares of American Homes 4 Rent by 1.4% during the 4th quarter. Ossiam now owns 32,972 shares of the real estate investment trust’s stock worth $1,234,000 after acquiring an additional 470 shares during the period. 91.87% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on AMH. Barclays cut their price objective on shares of American Homes 4 Rent from $40.00 to $39.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 12th. Citigroup lowered shares of American Homes 4 Rent from a “buy” rating to a “neutral” rating and set a $41.00 price objective on the stock. in a report on Friday, June 6th. Keefe, Bruyette & Woods increased their price objective on shares of American Homes 4 Rent from $38.00 to $40.00 and gave the stock a “market perform” rating in a report on Tuesday, May 6th. Royal Bank Of Canada increased their price objective on shares of American Homes 4 Rent from $39.00 to $41.00 and gave the stock an “outperform” rating in a report on Monday, May 5th. Finally, Raymond James Financial increased their price objective on shares of American Homes 4 Rent from $39.00 to $43.00 and gave the stock an “outperform” rating in a report on Friday, May 9th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $41.04.

American Homes 4 Rent Stock Up 0.6%

AMH stock opened at $34.79 on Monday. American Homes 4 Rent has a twelve month low of $31.68 and a twelve month high of $41.41. 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 market capitalization of $12.90 billion, a P/E ratio of 31.34, a PEG ratio of 2.94 and a beta of 0.72. The firm has a 50 day simple moving average of $35.78 and a 200-day simple moving average of $36.27.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.47 earnings per share for the quarter, topping 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 business had revenue of $457.50 million during the quarter, compared to the consensus estimate of $451.50 million. During the same quarter last year, the company earned $0.45 earnings per share. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. On average, equities research analysts predict that American Homes 4 Rent will post 1.85 earnings per share for the current fiscal year.

Insider Buying and Selling at American Homes 4 Rent

In related news, Director Jack E. Corrigan purchased 4,000 shares of the firm’s stock in a transaction dated Thursday, June 12th. The stock was acquired at an average price of $22.93 per share, with a total value of $91,720.00. Following the completion of the transaction, the director owned 15,000 shares of the company’s stock, valued at $343,950. This represents a 36.36% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 6.01% of the company’s stock.

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.