Virtus Fund Advisers LLC Has $75.71 Million Holdings in American Homes 4 Rent (AMH)

Virtus Fund Advisers LLC raised its holdings in American Homes 4 Rent (NYSE:AMH) by 104.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,458,750 shares of the real estate investment trust’s stock after purchasing an additional 1,768,150 shares during the quarter. Virtus Fund Advisers LLC’s holdings in American Homes 4 Rent were worth $75,712,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. PNC Financial Services Group Inc. boosted its holdings in American Homes 4 Rent by 5.1% in the 2nd quarter. PNC Financial Services Group Inc. now owns 5,720 shares of the real estate investment trust’s stock valued at $128,000 after purchasing an additional 278 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in American Homes 4 Rent by 7.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,247 shares of the real estate investment trust’s stock valued at $164,000 after purchasing an additional 515 shares in the last quarter. CIBC Asset Management Inc purchased a new stake in American Homes 4 Rent in the 3rd quarter valued at approximately $202,000. Magnetar Financial LLC purchased a new stake in American Homes 4 Rent in the 3rd quarter valued at approximately $228,000. Finally, Virtu Financial LLC purchased a new stake in American Homes 4 Rent in the 4th quarter valued at approximately $328,000. 88.16% of the stock is currently owned by institutional investors.

A number of equities research analysts have weighed in on AMH shares. B. Riley set a $26.00 price objective on American Homes 4 Rent and gave the company a “buy” rating in a report on Tuesday, November 14th. TheStreet lowered American Homes 4 Rent from a “b-” rating to a “c+” rating in a report on Wednesday, January 10th. JPMorgan Chase & Co. raised American Homes 4 Rent from a “neutral” rating to an “overweight” rating and set a $26.00 price objective on the stock in a report on Friday, December 15th. Keefe, Bruyette & Woods raised American Homes 4 Rent from a “market perform” rating to an “outperform” rating in a report on Thursday, December 7th. Finally, Evercore ISI raised American Homes 4 Rent from an “in-line” rating to an “outperform” rating and set a $24.50 price target on the stock in a research note on Monday, December 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $25.22.

Shares of American Homes 4 Rent (NYSE:AMH) opened at $19.69 on Friday. The company has a market capitalization of $5,645.87, a P/E ratio of 19.12, a PEG ratio of 1.46 and a beta of 0.58. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.51 and a current ratio of 1.51. American Homes 4 Rent has a 52 week low of $18.39 and a 52 week high of $23.98.

In other news, Director B Wayne Et Al Hughes purchased 469,000 shares of the firm’s stock in a transaction dated Tuesday, December 5th. The shares were acquired at an average price of $21.30 per share, with a total value of $9,989,700.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Douglas N. Benham purchased 2,005 shares of the firm’s stock in a transaction dated Friday, January 26th. The shares were purchased at an average cost of $24.80 per share, for a total transaction of $49,724.00. The disclosure for this purchase can be found here. Insiders have bought a total of 1,278,300 shares of company stock worth $27,237,993 in the last three months. Corporate insiders own 27.82% of the company’s stock.

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About American Homes 4 Rent

American Homes 4 Rent is an internally managed real estate investment trust (REIT) focused on acquiring, renovating, leasing and operating single-family homes as rental properties. The Company’s primary objective is to generate attractive risk-adjusted returns for its shareholders through dividends and capital appreciation by acquiring, renovating, leasing and operating single-family homes as rental properties.

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

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