Pacer Advisors Inc. cut its position in American Homes 4 Rent (NYSE:AMH - Free Report) by 17.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 46,432 shares of the real estate investment trust's stock after selling 9,851 shares during the quarter. Pacer Advisors Inc.'s holdings in American Homes 4 Rent were worth $1,737,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of the business. Blue Trust Inc. grew its holdings in shares of American Homes 4 Rent by 54.0% during the 4th quarter. Blue Trust Inc. now owns 8,113 shares of the real estate investment trust's stock worth $311,000 after purchasing an additional 2,844 shares in the last quarter. Exchange Traded Concepts LLC increased its stake in American Homes 4 Rent by 4.3% in the fourth quarter. Exchange Traded Concepts LLC now owns 22,860 shares of the real estate investment trust's stock valued at $855,000 after acquiring an additional 932 shares during the last quarter. UMB Bank n.a. raised its position in American Homes 4 Rent by 77.2% during the fourth quarter. UMB Bank n.a. now owns 1,393 shares of the real estate investment trust's stock valued at $52,000 after purchasing an additional 607 shares in the last quarter. Merit Financial Group LLC bought a new stake in American Homes 4 Rent during the fourth quarter worth $206,000. Finally, Everence Capital Management Inc. bought a new stake in shares of American Homes 4 Rent during the 4th quarter worth $323,000. 91.87% of the stock is currently owned by institutional investors and hedge funds.
American Homes 4 Rent Stock Performance
Shares of NYSE AMH traded up $0.41 during midday trading on Wednesday, hitting $35.16. 1,523,163 shares of the company's stock were exchanged, compared to its average volume of 2,375,833. American Homes 4 Rent has a 12 month low of $33.75 and a 12 month high of $41.41. 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 company's 50 day moving average price is $36.29 and its 200 day moving average price is $37.46. The firm has a market capitalization of $12.99 billion, a PE ratio of 36.62, a price-to-earnings-growth ratio of 3.38 and a beta of 0.78.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on AMH shares. Deutsche Bank Aktiengesellschaft lowered shares of American Homes 4 Rent from a "buy" rating to a "hold" rating and dropped their price objective for the company from $40.00 to $37.00 in a report on Tuesday, January 21st. JMP Securities reissued a "market outperform" rating and set a $41.00 price objective on shares of American Homes 4 Rent in a report on Tuesday, January 14th. StockNews.com lowered shares of American Homes 4 Rent from a "hold" rating to a "sell" rating in a research note on Tuesday, December 3rd. Evercore ISI upgraded shares of American Homes 4 Rent from an "in-line" rating to an "outperform" rating and increased their price target for the company from $41.00 to $42.00 in a research report on Monday, November 11th. Finally, Mizuho boosted their target price on American Homes 4 Rent from $39.00 to $40.00 and gave the company an "outperform" rating in a research note on Thursday, October 10th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $40.67.
Get Our Latest Research Report on AMH
Insider Transactions at American Homes 4 Rent
In other American Homes 4 Rent news, Director Douglas N. Benham purchased 3,286 shares of the company's stock in a transaction dated Thursday, December 5th. The stock was purchased at an average price of $24.49 per share, for a total transaction of $80,474.14. Following the transaction, 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Bryan Smith sold 40,000 shares of the firm's stock in a transaction on Monday, December 9th. The stock was sold at an average price of $37.80, for a total transaction of $1,512,000.00. Following the completion of the sale, the chief operating officer now directly owns 125,580 shares in the company, valued at approximately $4,746,924. This trade represents 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.
American Homes 4 Rent Profile
(
Free Report)
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.
Featured Articles
Before you consider American Homes 4 Rent, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and American Homes 4 Rent wasn't on the list.
While American Homes 4 Rent currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
