Jump Financial LLC Acquires Shares of 17,980 American Homes 4 Rent (NYSE:AMH)

Jump Financial LLC purchased a new stake in American Homes 4 Rent (NYSE:AMHFree Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 17,980 shares of the real estate investment trust’s stock, valued at approximately $606,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Land & Buildings Investment Management LLC increased its holdings in American Homes 4 Rent by 35.1% in the 2nd quarter. Land & Buildings Investment Management LLC now owns 858,060 shares of the real estate investment trust’s stock worth $30,418,000 after purchasing an additional 222,970 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of American Homes 4 Rent by 2.8% in the third quarter. EverSource Wealth Advisors LLC now owns 135,180 shares of the real estate investment trust’s stock worth $4,554,000 after buying an additional 3,736 shares in the last quarter. Schonfeld Strategic Advisors LLC purchased a new stake in American Homes 4 Rent in the second quarter valued at approximately $18,395,000. OVERSEA CHINESE BANKING Corp Ltd raised its stake in American Homes 4 Rent by 5.1% in the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 58,166 shares of the real estate investment trust’s stock valued at $1,960,000 after purchasing an additional 2,844 shares in the last quarter. Finally, abrdn plc grew its position in American Homes 4 Rent by 30.9% during the second quarter. abrdn plc now owns 829,815 shares of the real estate investment trust’s stock valued at $29,417,000 after acquiring an additional 195,736 shares during the last quarter. 83.97% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. StockNews.com lowered shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. BNP Paribas initiated coverage on shares of American Homes 4 Rent in a research note on Monday, January 22nd. They set an “outperform” rating and a $42.00 target price for the company. Jefferies Financial Group raised shares of American Homes 4 Rent from a “hold” rating to a “buy” rating and raised their price target for the company from $34.00 to $41.00 in a research report on Tuesday, January 2nd. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of American Homes 4 Rent in a report on Tuesday, January 30th. They issued a “buy” rating and a $40.00 target price for the company. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $37.93.

Check Out Our Latest Analysis on AMH

Insiders Place Their Bets

In other news, Director James H. Kropp sold 6,852 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $36.47, for a total transaction of $249,892.44. Following the completion of the transaction, the director now directly owns 29,202 shares of the company’s stock, valued at $1,064,996.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director James H. Kropp sold 6,852 shares of the stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $36.47, for a total value of $249,892.44. Following the completion of the transaction, the director now directly owns 29,202 shares of the company’s stock, valued at approximately $1,064,996.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jack E. Corrigan sold 25,000 shares of the stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $36.60, for a total value of $915,000.00. Following the completion of the transaction, the director now directly owns 103,789 shares of the company’s stock, valued at $3,798,677.40. The disclosure for this sale can be found here. 6.32% of the stock is owned by company insiders.

American Homes 4 Rent Stock Performance

American Homes 4 Rent stock opened at $35.02 on Friday. The stock’s 50-day moving average is $35.61 and its 200-day moving average is $35.35. The company has a market cap of $12.68 billion, a price-to-earnings ratio of 33.67, a price-to-earnings-growth ratio of 2.66 and a beta of 0.70. American Homes 4 Rent has a 12 month low of $28.78 and a 12 month high of $37.97. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.47 and a quick ratio of 0.47.

American Homes 4 Rent Profile

(Free Report)

American Homes 4 Rent (NYSE: AMH), which does business as AMH, is a leading owner, operator and developer of single-family rental homes. We're an internally managed Maryland real estate investment trust (REIT) focused on acquiring, developing, renovating, leasing and managing homes as rental properties.

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Institutional Ownership by Quarter for American Homes 4 Rent (NYSE:AMH)

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