American Homes 4 Rent (NYSE:AMH) Shares Bought by Swiss National Bank

Swiss National Bank increased its position in American Homes 4 Rent (NYSE:AMH) by 0.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 936,317 shares of the real estate investment trust’s stock after acquiring an additional 6,200 shares during the period. Swiss National Bank’s holdings in American Homes 4 Rent were worth $35,402,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Golden State Wealth Management LLC purchased a new stake in American Homes 4 Rent in the 1st quarter valued at approximately $29,000. Parallel Advisors LLC lifted its stake in shares of American Homes 4 Rent by 171.1% during the 1st quarter. Parallel Advisors LLC now owns 843 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 532 shares during the period. Opal Wealth Advisors LLC acquired a new stake in shares of American Homes 4 Rent during the 1st quarter worth $42,000. Avalon Trust Co acquired a new stake in shares of American Homes 4 Rent during the 1st quarter worth $52,000. Finally, Bellwether Advisors LLC acquired a new stake in shares of American Homes 4 Rent during the 4th quarter worth $56,000. Institutional investors and hedge funds own 91.87% of the company’s stock.

American Homes 4 Rent Stock Performance

AMH opened at $34.23 on Tuesday. The business’s 50 day moving average is $35.97 and its 200-day moving average is $36.28. The stock has a market cap of $12.69 billion, a PE ratio of 30.83, a price-to-earnings-growth ratio of 3.57 and a beta of 0.72. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.66. American Homes 4 Rent has a twelve month low of $31.68 and a twelve month high of $41.41.

American Homes 4 Rent (NYSE:AMH) last announced its earnings results on Thursday, July 31st. The real estate investment trust reported $0.47 EPS for the quarter, topping the consensus estimate of $0.46 by $0.01. American Homes 4 Rent had a return on equity of 5.60% and a net margin of 23.72%. The firm had revenue of $457.50 million for the quarter, compared to analysts’ expectations of $451.50 million. During the same quarter in the previous year, the company earned $0.45 earnings per share. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. On average, analysts predict that American Homes 4 Rent will post 1.85 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Jack E. Corrigan acquired 4,000 shares of the stock in a transaction on Thursday, June 12th. The shares were purchased at an average cost of $22.93 per share, for a total transaction of $91,720.00. Following the transaction, the director owned 15,000 shares in the company, valued at approximately $343,950. This trade represents a 36.36% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 6.01% of the company’s stock.

Wall Street Analysts Forecast Growth

AMH has been the subject of a number of research analyst reports. Morgan Stanley upped their price objective on American Homes 4 Rent from $39.00 to $40.50 and gave the stock an “overweight” rating in a report on Thursday, May 22nd. Raymond James Financial upped their price objective on American Homes 4 Rent from $39.00 to $43.00 and gave the stock an “outperform” rating in a report on Friday, May 9th. Evercore ISI increased their price target on American Homes 4 Rent from $40.00 to $41.00 and gave the company an “outperform” rating in a report on Friday, May 2nd. Royal Bank Of Canada increased their price target on American Homes 4 Rent from $39.00 to $41.00 and gave the company an “outperform” rating in a report on Monday, May 5th. Finally, Citigroup downgraded American Homes 4 Rent from a “buy” rating to a “neutral” rating and set a $41.00 target price for the company. in a research note on Friday, June 6th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $40.90.

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.