LPL Financial LLC Sells 4,022 Shares of American Homes 4 Rent $AMH

LPL Financial LLC lessened its stake in shares of American Homes 4 Rent (NYSE:AMH) by 5.0% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor 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 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Price T Rowe Associates Inc. MD raised its stake in shares of American Homes 4 Rent by 8.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 8,721,356 shares of the real estate investment trust’s stock valued at $326,355,000 after acquiring an additional 675,077 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of American Homes 4 Rent by 0.6% in 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 purchasing an additional 28,381 shares during the period. Northern Trust Corp lifted its position in shares of American Homes 4 Rent by 40.1% in 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 purchasing an additional 1,198,471 shares during the period. Burgundy Asset Management Ltd. lifted its position in shares of American Homes 4 Rent by 1.6% in 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 purchasing an additional 60,756 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of American Homes 4 Rent by 0.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,846,804 shares of the real estate investment trust’s stock worth $106,527,000 after purchasing an additional 19,336 shares during the period. Institutional investors own 91.87% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Morgan Stanley upped their price target on shares of American Homes 4 Rent from $39.00 to $40.50 and gave the stock an “overweight” rating in a research report on Thursday, May 22nd. Keefe, Bruyette & Woods boosted 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 research note on Tuesday, May 6th. Evercore ISI boosted their price objective on shares of American Homes 4 Rent from $40.00 to $41.00 and gave the stock an “outperform” rating in a research note on Friday, May 2nd. Raymond James Financial boosted 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 research note on Friday, May 9th. Finally, Royal Bank Of Canada boosted 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 research note on Monday, May 5th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $41.04.

American Homes 4 Rent Stock Up 0.6%

Shares of American Homes 4 Rent stock opened at $34.79 on Monday. American Homes 4 Rent has a 52-week low of $31.68 and a 52-week high of $41.41. The company has a 50 day moving average of $35.78 and a 200 day moving average of $36.27. The company has a quick ratio of 0.88, a current 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 P/E/G ratio of 2.94 and a beta of 0.72.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. The company had revenue of $457.50 million during the quarter, compared to the consensus estimate of $451.50 million. American Homes 4 Rent had a net margin of 23.72% and a return on equity of 5.60%. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.45 earnings per share. As a group, research analysts forecast that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

Insider Buying and Selling at American Homes 4 Rent

In related news, Director Jack E. Corrigan acquired 4,000 shares of American Homes 4 Rent stock in a transaction dated Thursday, June 12th. The stock was acquired at an average price of $22.93 per share, for a total transaction of $91,720.00. Following 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 this link. Corporate 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.