American Homes 4 Rent (NYSE:AMH)

CAPS Rating: 3 out of 5

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Member Avatar cavrad (63.97) Submitted: 5/6/2014 8:54:33 AM : Outperform Start Price: $16.60 AMH Score: +6.07

Sohn Conference 2014 pitch by John Khoury. Long Pond Capital: currently 2.7% FCF yield, but with 45% net leverage get 7.0% FCF yield. Founder and management own $1B of the stock. Unlevered now, so limited downside if they are wrong.

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Member Avatar TMFDeej (99.41) Submitted: 5/5/2014 12:37:10 PM : Outperform Start Price: $16.64 AMH Score: +5.88

An idea from John Khoury of Long Pond Capital. AMH is not using much leverage like other REITS do. If it were to lever up 45% and trade at a multiple that's in line with apartment REITs there is 40% upside plus a long runway for growth in the home rental sector.

Jason

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Member Avatar MrMonopoly (75.77) Submitted: 3/16/2014 11:04:58 PM : Outperform Start Price: $16.73 AMH Score: +3.83

Leases are just to pay taxes and interest to government and banks, who both want their cut of the rental gold. Location appreciation is then free to be extracted by us. That is how you win at Monopoly.

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Member Avatar BaseBawl (30.12) Submitted: 12/26/2013 10:36:23 AM : Outperform Start Price: $16.05 AMH Score: +7.35

An early jump on a Slaughter watch list pick.

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