Retirement Systems of Alabama Grows Stock Holdings in American Homes 4 Rent (NYSE:AMH)

Retirement Systems of Alabama lifted its stake in American Homes 4 Rent (NYSE:AMH) by 0.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 801,125 shares of the real estate investment trust’s stock after purchasing an additional 3,510 shares during the period. Retirement Systems of Alabama owned about 0.22% of American Homes 4 Rent worth $29,978,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of AMH. Northwestern Mutual Wealth Management Co. grew its position in shares of American Homes 4 Rent by 24.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,588 shares of the real estate investment trust’s stock worth $59,000 after buying an additional 310 shares in the last quarter. B. Riley Wealth Advisors Inc. purchased a new position in American Homes 4 Rent in the second quarter worth approximately $208,000. Handelsbanken Fonder AB grew its holdings in American Homes 4 Rent by 48.3% during the 3rd quarter. Handelsbanken Fonder AB now owns 99,492 shares of the real estate investment trust’s stock worth $3,819,000 after acquiring an additional 32,400 shares in the last quarter. GAMMA Investing LLC increased its position in shares of American Homes 4 Rent by 25.1% in the 3rd quarter. GAMMA Investing LLC now owns 3,588 shares of the real estate investment trust’s stock valued at $138,000 after purchasing an additional 720 shares during the last quarter. Finally, UMB Bank n.a. raised its holdings in shares of American Homes 4 Rent by 331.9% in the 3rd quarter. UMB Bank n.a. now owns 786 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 604 shares in the last quarter. 91.87% of the stock is owned by institutional investors and hedge funds.

American Homes 4 Rent Price Performance

Shares of AMH opened at $35.16 on Thursday. American Homes 4 Rent has a twelve month low of $33.75 and a twelve month high of $41.41. The stock’s 50 day moving average is $36.29 and its two-hundred day moving average is $37.46. The firm has a market capitalization of $12.99 billion, a PE ratio of 36.62, a P/E/G ratio of 3.38 and a beta of 0.78. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.59.

Insider Buying and Selling at American Homes 4 Rent

In other news, COO Bryan Smith sold 40,000 shares of the business’s stock in a transaction that occurred 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 sale, the chief operating officer now 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Douglas N. Benham acquired 3,286 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The shares were bought at an average price of $24.49 per share, with a total value of $80,474.14. Following the completion of the transaction, the director now directly owns 41,946 shares in the company, valued at approximately $1,027,257.54. The trade was a 8.50 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 6.05% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on AMH. Keefe, Bruyette & Woods dropped their target price on American Homes 4 Rent from $39.00 to $38.00 and set a “market perform” rating on the stock in a report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft cut American Homes 4 Rent from a “buy” rating to a “hold” rating and cut their price target for the company from $40.00 to $37.00 in a research note on Tuesday, January 21st. JMP Securities restated a “market outperform” rating and issued a $41.00 price target on shares of American Homes 4 Rent in a research note on Tuesday, January 14th. Barclays cut their price target on American Homes 4 Rent from $39.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Friday, January 24th. Finally, StockNews.com cut American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $40.67.

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.