Forsta AP Fonden Makes New Investment in American Homes 4 Rent (NYSE:AMH)

Forsta AP Fonden bought a new position in American Homes 4 Rent (NYSE:AMH - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 49,000 shares of the real estate investment trust's stock, valued at approximately $1,834,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Maryland Capital Advisors Inc. acquired a new position in shares of American Homes 4 Rent during the 3rd quarter worth approximately $25,000. UMB Bank n.a. boosted its stake in shares of American Homes 4 Rent by 331.9% in the third quarter. UMB Bank n.a. now owns 786 shares of the real estate investment trust's stock worth $30,000 after acquiring an additional 604 shares during the last quarter. Assetmark Inc. lifted its holdings in American Homes 4 Rent by 359.1% in the 3rd quarter. Assetmark Inc. now owns 1,010 shares of the real estate investment trust's stock valued at $39,000 after purchasing an additional 790 shares in the last quarter. V Square Quantitative Management LLC raised its position in shares of American Homes 4 Rent by 31.6% in the third quarter. V Square Quantitative Management LLC now owns 1,144 shares of the real estate investment trust's stock valued at $44,000 after buying an additional 275 shares during the last quarter. Finally, Catalyst Capital Advisors LLC purchased a new stake in American Homes 4 Rent during the 3rd quarter valued at about $53,000. Hedge funds and other institutional investors own 91.87% of the company's stock.

Analyst Ratings Changes

AMH has been the topic of several analyst reports. JMP Securities reaffirmed a "market outperform" rating and set a $41.00 price target on shares of American Homes 4 Rent in a research report on Tuesday, January 14th. StockNews.com lowered American Homes 4 Rent from a "hold" rating to a "sell" rating in a report on Tuesday, December 3rd. Evercore ISI upgraded American Homes 4 Rent from an "in-line" rating to an "outperform" rating and lifted their target price for the company from $41.00 to $42.00 in a research note on Monday, November 11th. Scotiabank downgraded American Homes 4 Rent from a "sector outperform" rating to a "sector perform" rating and set a $38.00 target price for the company. in a report on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods decreased their price objective on American Homes 4 Rent from $39.00 to $38.00 and set a "market perform" rating on the stock in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, American Homes 4 Rent presently has a consensus rating of "Moderate Buy" and a consensus target price of $40.67.

American Homes 4 Rent Stock Performance

AMH traded up $0.13 during trading hours on Thursday, hitting $35.27. The company's stock had a trading volume of 1,599,536 shares, compared to its average volume of 2,343,471. American Homes 4 Rent has a fifty-two week low of $33.75 and a fifty-two week high of $41.41. The firm has a market capitalization of $13.03 billion, a PE ratio of 36.73, a PEG ratio of 3.38 and a beta of 0.78. The company has a 50-day simple moving average of $36.22 and a 200 day simple moving average of $37.44. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.59.

Insiders Place Their Bets

In other American Homes 4 Rent news, COO Bryan Smith sold 40,000 shares of the business's stock in a transaction on Monday, December 9th. The shares were sold at an average price of $37.80, for a total transaction of $1,512,000.00. Following the sale, the chief operating officer now directly owns 125,580 shares of the company's stock, valued at $4,746,924. The trade was a 24.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Douglas N. Benham bought 3,286 shares of the firm's stock in a transaction dated Thursday, December 5th. The stock was acquired at an average cost of $24.49 per share, with a total value of $80,474.14. Following the transaction, the director now owns 41,946 shares of the company's stock, valued at $1,027,257.54. This trade represents a 8.50 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 6.32% of the stock is owned by insiders.

American Homes 4 Rent Company 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.