Allianz Asset Management GmbH Reduces Position in American Homes 4 Rent $AMH

Allianz Asset Management GmbH trimmed its position in American Homes 4 Rent (NYSE:AMH) by 13.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 378,591 shares of the real estate investment trust’s stock after selling 57,469 shares during the quarter. Allianz Asset Management GmbH owned 0.10% of American Homes 4 Rent worth $12,588,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of American Homes 4 Rent during the second quarter valued at about $796,706,000. Geode Capital Management LLC grew its stake in shares of American Homes 4 Rent by 0.4% in the second quarter. Geode Capital Management LLC now owns 6,964,813 shares of the real estate investment trust’s stock worth $250,566,000 after purchasing an additional 31,179 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in American Homes 4 Rent by 1.3% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 4,421,478 shares of the real estate investment trust’s stock valued at $159,483,000 after purchasing an additional 54,618 shares during the period. Burgundy Asset Management Ltd. raised its position in American Homes 4 Rent by 4.1% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 4,280,147 shares of the real estate investment trust’s stock valued at $154,385,000 after purchasing an additional 168,851 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in American Homes 4 Rent by 2.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,043,364 shares of the real estate investment trust’s stock valued at $109,774,000 after purchasing an additional 86,735 shares during the last quarter. 91.87% of the stock is currently owned by institutional investors.

American Homes 4 Rent Trading Down 0.3%

NYSE AMH opened at $30.88 on Monday. The firm has a market capitalization of $11.46 billion, a PE ratio of 26.17, a P/E/G ratio of 2.94 and a beta of 0.80. The stock’s 50 day moving average is $31.46 and its 200 day moving average is $32.80. American Homes 4 Rent has a twelve month low of $28.84 and a twelve month high of $39.49. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.62.

Analysts Set New Price Targets

AMH has been the topic of a number of recent analyst reports. Citizens Jmp reiterated a “market outperform” rating and issued a $41.00 price objective on shares of American Homes 4 Rent in a research report on Wednesday, January 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Homes 4 Rent in a research note on Wednesday, January 21st. Barclays cut their price target on shares of American Homes 4 Rent from $34.00 to $33.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 13th. Mizuho restated a “neutral” rating and issued a $32.00 price objective (down from $33.00) on shares of American Homes 4 Rent in a report on Thursday, January 8th. Finally, JPMorgan Chase & Co. dropped their target price on shares of American Homes 4 Rent from $38.00 to $37.00 and set a “neutral” rating for the company in a research report on Monday, January 12th. Eight investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $37.44.

Insider Transactions at American Homes 4 Rent

In other American Homes 4 Rent news, Director Douglas N. Benham purchased 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 19th. The stock was bought at an average cost of $31.65 per share, for a total transaction of $31,650.00. Following the purchase, the director directly owned 7,991 shares in the company, valued at $252,915.15. The trade was a 14.30% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jack E. Corrigan purchased 5,000 shares of the stock in a transaction that occurred on Tuesday, December 9th. The shares were acquired at an average cost of $22.96 per share, with a total value of $114,800.00. Following the completion of the transaction, the director owned 17,300 shares in the company, valued at $397,208. This trade represents a 40.65% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 6.01% of the stock is owned by corporate insiders.

About American Homes 4 Rent

American Homes 4 Rent (NYSE: AMH) is a publicly traded real estate investment trust (REIT) specializing in the acquisition, development and management of single-family rental homes. Since its initial public offering in April 2013, the company has focused on building a large-scale, professionally managed portfolio of homes designed to meet the needs of today’s renters. Its business model emphasizes the acquisition of well-located properties coupled with consistent, in-house property management to drive occupancy and long-term value.

As of the most recent reporting, American Homes 4 Rent owns and operates tens of thousands of homes across the United States, with concentration in key Sun Belt and high-growth markets.