12th Street Asset Management Company LLC Has $5.26 Million Position in American Homes 4 Rent $AMH

12th Street Asset Management Company LLC raised its position in shares of American Homes 4 Rent (NYSE:AMH) by 64.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 158,081 shares of the real estate investment trust’s stock after purchasing an additional 61,838 shares during the period. American Homes 4 Rent accounts for about 0.9% of 12th Street Asset Management Company LLC’s investment portfolio, making the stock its 27th largest position. 12th Street Asset Management Company LLC’s holdings in American Homes 4 Rent were worth $5,256,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Metis Global Partners LLC lifted its stake in shares of American Homes 4 Rent by 33.0% in the third quarter. Metis Global Partners LLC now owns 75,381 shares of the real estate investment trust’s stock valued at $2,506,000 after buying an additional 18,722 shares during the period. Assetmark Inc. lifted its position in shares of American Homes 4 Rent by 21.6% during the third quarter. Assetmark Inc. now owns 2,360 shares of the real estate investment trust’s stock worth $78,000 after purchasing an additional 420 shares in the last quarter. Caprock Group LLC bought a new stake in shares of American Homes 4 Rent during the third quarter valued at approximately $777,000. Krilogy Financial LLC bought a new position in American Homes 4 Rent in the 3rd quarter worth approximately $305,000. Finally, MQS Management LLC acquired a new position in American Homes 4 Rent during the 3rd quarter worth $298,000. 91.87% of the stock is currently owned by institutional investors and hedge funds.

American Homes 4 Rent Price Performance

Shares of NYSE AMH opened at $31.46 on Friday. The firm has a market cap of $11.67 billion, a P/E ratio of 26.66, a price-to-earnings-growth ratio of 3.02 and a beta of 0.80. The business’s 50 day moving average is $31.45 and its 200-day moving average is $32.72. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.62. American Homes 4 Rent has a 1-year low of $28.84 and a 1-year high of $39.49.

Insiders Place Their Bets

In other American Homes 4 Rent news, Director Jack E. Corrigan bought 5,000 shares of American Homes 4 Rent stock in a transaction dated Tuesday, December 9th. The stock was bought at an average price 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. The trade was a 40.65% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 acquired at an average price of $31.65 per share, for a total transaction of $31,650.00. Following the completion of the purchase, the director directly owned 7,991 shares of the company’s stock, valued at $252,915.15. This represents a 14.30% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 6.32% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on AMH. Morgan Stanley lowered their price target on shares of American Homes 4 Rent from $41.00 to $40.00 and set an “overweight” rating for the company in a research report on Thursday, November 13th. Wall Street Zen lowered shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Sunday, January 18th. The Goldman Sachs Group set a $37.00 target price on American Homes 4 Rent in a research note on Monday, December 15th. Evercore reduced their price objective on shares of American Homes 4 Rent from $40.00 to $39.00 and set an “outperform” rating for the company in a research note on Friday, October 31st. Finally, Scotiabank cut their price objective on American Homes 4 Rent from $35.00 to $33.00 and set a “sector perform” rating for the company in a report on Wednesday, January 14th. Eight research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, American Homes 4 Rent has a consensus rating of “Hold” and an average target price of $37.44.

American Homes 4 Rent Company Profile

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.