Tectonic Advisors LLC Buys 8,856 Shares of American Homes 4 Rent (NYSE:AMH)

Tectonic Advisors LLC increased its stake in shares of American Homes 4 Rent (NYSE:AMH) by 5.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 180,553 shares of the real estate investment trust’s stock after acquiring an additional 8,856 shares during the period. Tectonic Advisors LLC’s holdings in American Homes 4 Rent were worth $6,756,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. JPMorgan Chase & Co. lifted its holdings in American Homes 4 Rent by 1.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 13,115,483 shares of the real estate investment trust’s stock valued at $503,503,000 after purchasing an additional 214,242 shares during the last quarter. FMR LLC grew its holdings in shares of American Homes 4 Rent by 12.9% during the third quarter. FMR LLC now owns 8,225,592 shares of the real estate investment trust’s stock worth $315,780,000 after purchasing an additional 937,116 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of American Homes 4 Rent by 1.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,224,013 shares of the real estate investment trust’s stock valued at $162,160,000 after buying an additional 62,367 shares in the last quarter. Duff & Phelps Investment Management Co. lifted its position in American Homes 4 Rent by 5.9% during the 3rd quarter. Duff & Phelps Investment Management Co. now owns 3,552,301 shares of the real estate investment trust’s stock worth $136,373,000 after buying an additional 199,234 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in American Homes 4 Rent by 4.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,827,468 shares of the real estate investment trust’s stock worth $108,546,000 after acquiring an additional 110,586 shares during the last quarter. Institutional investors and hedge funds own 91.87% of the company’s stock.

American Homes 4 Rent Stock Up 0.7 %

Shares of NYSE:AMH opened at $34.77 on Wednesday. The company has a 50 day moving average price of $36.35 and a two-hundred day moving average price of $37.47. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.58 and a current ratio of 0.58. The company has a market capitalization of $12.85 billion, a PE ratio of 36.22, a PEG ratio of 3.38 and a beta of 0.78. American Homes 4 Rent has a 52 week low of $33.75 and a 52 week high of $41.41.

Insider Buying and Selling at American Homes 4 Rent

In other news, COO Bryan Smith sold 40,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief operating officer now directly owns 125,580 shares of the company’s stock, valued at $4,746,924. This trade represents a 24.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Douglas N. Benham acquired 3,286 shares of the business’s stock in a transaction dated Thursday, December 5th. The stock was acquired at an average cost of $24.49 per share, for a total transaction 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 represents a 8.50 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 6.05% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft cut shares of American Homes 4 Rent from a “buy” rating to a “hold” rating and decreased their price target for the company from $40.00 to $37.00 in a research note on Tuesday, January 21st. Mizuho lifted 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. JMP Securities reaffirmed a “market outperform” rating and set a $41.00 price target on shares of American Homes 4 Rent in a research note on Tuesday, January 14th. Scotiabank lowered American Homes 4 Rent from a “sector outperform” rating to a “sector perform” rating and set a $38.00 price objective for the company. in a research report on Thursday, January 23rd. Finally, Evercore ISI upgraded shares of American Homes 4 Rent from an “in-line” rating to an “outperform” rating and upped their target price for the company from $41.00 to $42.00 in a research report on Monday, November 11th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $40.67.

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.