12th Street Asset Management Company LLC Has $5.26 Million Position in American Homes 4 Rent $AMH

12th Street Asset Management Company LLC increased its stake in American Homes 4 Rent (NYSE:AMH) by 64.3% during the third quarter, Holdings Channel reports. The firm owned 158,081 shares of the real estate investment trust’s stock after acquiring an additional 61,838 shares during the period. American Homes 4 Rent makes up approximately 0.9% of 12th Street Asset Management Company LLC’s investment portfolio, making the stock its 27th biggest position. 12th Street Asset Management Company LLC’s holdings in American Homes 4 Rent were worth $5,256,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of American Homes 4 Rent in the 2nd quarter valued at approximately $796,706,000. Geode Capital Management LLC raised its position in American Homes 4 Rent by 0.4% during the second quarter. Geode Capital Management LLC now owns 6,964,813 shares of the real estate investment trust’s stock valued at $250,566,000 after purchasing an additional 31,179 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in American Homes 4 Rent by 1.3% during the second quarter. Charles Schwab Investment Management Inc. now owns 4,421,478 shares of the real estate investment trust’s stock worth $159,483,000 after purchasing an additional 54,618 shares during the last quarter. Burgundy Asset Management Ltd. boosted its holdings in shares of American Homes 4 Rent by 4.1% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 4,280,147 shares of the real estate investment trust’s stock valued at $154,385,000 after purchasing an additional 168,851 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of American Homes 4 Rent by 2.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,043,364 shares of the real estate investment trust’s stock valued at $109,774,000 after purchasing an additional 86,735 shares in the last quarter. 91.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Morgan Stanley lowered their price target on American Homes 4 Rent from $41.00 to $40.00 and set an “overweight” rating for the company in a report on Thursday, November 13th. Wells Fargo & Company lowered their target price on American Homes 4 Rent from $38.00 to $37.00 and set an “overweight” rating for the company in a research note on Tuesday, November 25th. Evercore reduced their price target on shares of American Homes 4 Rent from $40.00 to $39.00 and set an “outperform” rating on the stock in a research note on Friday, October 31st. Citizens Jmp reaffirmed a “market outperform” rating and set a $41.00 price target on shares of American Homes 4 Rent in a report on Wednesday, January 21st. Finally, The Goldman Sachs Group set a $37.00 price objective on shares of American Homes 4 Rent in a research note on Monday, December 15th. Eight analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $37.44.

Insider Buying and Selling

In other news, Director Jack E. Corrigan acquired 5,000 shares of the firm’s stock in a transaction dated Tuesday, December 9th. The stock was bought at an average cost of $22.96 per share, for a total transaction of $114,800.00. Following the completion of the transaction, the director directly owned 17,300 shares in the company, valued at $397,208. This represents a 40.65% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Douglas N. Benham bought 1,000 shares of the stock in a transaction that occurred on Wednesday, November 19th. The shares were purchased at an average cost of $31.65 per share, with a total value of $31,650.00. Following the purchase, the director directly owned 7,991 shares of the company’s stock, valued at $252,915.15. The trade was a 14.30% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 6.32% of the company’s stock.

American Homes 4 Rent Price Performance

Shares of AMH opened at $31.46 on Friday. The business has a 50-day moving average of $31.45 and a 200-day moving average of $32.72. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.41 and a quick ratio of 0.41. The company has a market capitalization of $11.67 billion, a price-to-earnings ratio of 26.66, a price-to-earnings-growth ratio of 3.02 and a beta of 0.80. American Homes 4 Rent has a 1 year low of $28.84 and a 1 year high of $39.49.

American Homes 4 Rent Company Profile

American Homes 4 Rent (NYSE: AMH) is a publicly traded real estate investment trust (REIT) specializing in the acquisition, development and management of single-family rental homes. Since its initial public offering in April 2013, the company has focused on building a large-scale, professionally managed portfolio of homes designed to meet the needs of today’s renters. Its business model emphasizes the acquisition of well-located properties coupled with consistent, in-house property management to drive occupancy and long-term value.

As of the most recent reporting, American Homes 4 Rent owns and operates tens of thousands of homes across the United States, with concentration in key Sun Belt and high-growth markets.