American Homes 4 Rent (NYSE:AMH) Sees Significant Increase in Short Interest

American Homes 4 Rent (NYSE:AMH) saw a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 10,560,299 shares, an increase of 21.1% from the December 31st total of 8,720,372 shares. Currently, 3.0% of the company’s stock are short sold. Based on an average daily trading volume, of 6,030,018 shares, the short-interest ratio is currently 1.8 days. Based on an average daily trading volume, of 6,030,018 shares, the short-interest ratio is currently 1.8 days. Currently, 3.0% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

AMH has been the subject of a number of recent analyst reports. Evercore ISI decreased their price target on shares of American Homes 4 Rent from $40.00 to $39.00 and set an “outperform” rating for the company in a research report on Friday, October 31st. Wells Fargo & Company reduced their price objective on shares of American Homes 4 Rent from $38.00 to $37.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 25th. Weiss Ratings reissued a “hold (c)” rating on shares of American Homes 4 Rent in a report on Wednesday, January 21st. The Goldman Sachs Group set a $37.00 target price on shares of American Homes 4 Rent in a research report on Monday, December 15th. Finally, Citizens Jmp reaffirmed a “market outperform” rating and set a $41.00 price target on shares of American Homes 4 Rent in a research report on Wednesday, January 21st. Eight research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $37.44.

American Homes 4 Rent Trading Up 1.9%

American Homes 4 Rent stock opened at $31.12 on Thursday. American Homes 4 Rent has a 1 year low of $28.84 and a 1 year high of $39.49. The firm’s 50-day moving average is $31.50 and its 200-day moving average is $32.90. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.41 and a current ratio of 0.41. The company has a market cap of $11.55 billion, a P/E ratio of 26.37, a PEG ratio of 2.91 and a beta of 0.80.

Insider Activity

In other American Homes 4 Rent news, Director Jack E. Corrigan purchased 5,000 shares of American Homes 4 Rent stock in a transaction that occurred on Tuesday, December 9th. The stock was purchased at an average price of $22.96 per share, with a total value of $114,800.00. Following the completion of the acquisition, the director owned 17,300 shares of the company’s stock, valued at approximately $397,208. This trade represents a 40.65% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Douglas N. Benham acquired 1,000 shares of the stock in a transaction on Wednesday, November 19th. The shares were acquired at an average price of $31.65 per share, with a total value of $31,650.00. Following the purchase, the director owned 7,991 shares in the company, valued at $252,915.15. This represents a 14.30% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 6.32% of the stock is owned by company insiders.

Hedge Funds Weigh In On American Homes 4 Rent

Several institutional investors have recently made changes to their positions in the stock. Jones Financial Companies Lllp boosted its position in American Homes 4 Rent by 1,103.6% during the 1st quarter. Jones Financial Companies Lllp now owns 13,047 shares of the real estate investment trust’s stock valued at $493,000 after purchasing an additional 11,963 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new position in shares of American Homes 4 Rent during the second quarter valued at $229,000. Robeco Institutional Asset Management B.V. grew its position in shares of American Homes 4 Rent by 15.0% during the second quarter. Robeco Institutional Asset Management B.V. now owns 255,279 shares of the real estate investment trust’s stock worth $9,208,000 after acquiring an additional 33,344 shares during the last quarter. KLP Kapitalforvaltning AS increased its holdings in shares of American Homes 4 Rent by 1.8% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 118,200 shares of the real estate investment trust’s stock worth $4,263,000 after acquiring an additional 2,100 shares during the period. Finally, Louisiana State Employees Retirement System lifted its position in American Homes 4 Rent by 0.6% in the 2nd quarter. Louisiana State Employees Retirement System now owns 89,400 shares of the real estate investment trust’s stock valued at $3,225,000 after purchasing an additional 500 shares during the last quarter. 91.87% of the stock is owned by institutional investors.

About American Homes 4 Rent

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.