Adage Capital Partners GP L.L.C. decreased its holdings in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 51.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 46,669 shares of the real estate investment trust's stock after selling 49,259 shares during the period. Adage Capital Partners GP L.L.C.'s holdings in American Homes 4 Rent were worth $1,765,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in AMH. Golden State Wealth Management LLC bought a new stake in American Homes 4 Rent during the first quarter valued at $29,000. Parallel Advisors LLC boosted its stake in American Homes 4 Rent by 171.1% during the first quarter. Parallel Advisors LLC now owns 843 shares of the real estate investment trust's stock valued at $32,000 after buying an additional 532 shares during the period. Pandora Wealth Inc. bought a new stake in American Homes 4 Rent during the first quarter valued at $38,000. Opal Wealth Advisors LLC bought a new stake in American Homes 4 Rent during the first quarter valued at $42,000. Finally, SVB Wealth LLC bought a new stake in American Homes 4 Rent during the first quarter valued at $42,000. Institutional investors own 91.87% of the company's stock.
Analyst Upgrades and Downgrades
Several equities research analysts recently issued reports on the company. Barclays dropped their price objective on American Homes 4 Rent from $40.00 to $39.00 and set an "equal weight" rating for the company in a research note on Tuesday, August 12th. Citigroup downgraded American Homes 4 Rent from a "buy" rating to a "neutral" rating and set a $41.00 price target on the stock. in a research report on Friday, June 6th. Finally, Morgan Stanley raised their price target on American Homes 4 Rent from $40.50 to $41.00 and gave the company an "overweight" rating in a research report on Tuesday, August 19th. Six equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $40.42.
Get Our Latest Analysis on AMH
American Homes 4 Rent Trading Down 1.5%
Shares of AMH traded down $0.51 during trading hours on Friday, hitting $34.11. The company had a trading volume of 2,753,156 shares, compared to its average volume of 2,251,574. The firm has a market cap of $12.65 billion, a P/E ratio of 30.73, a P/E/G ratio of 2.92 and a beta of 0.75. The stock's 50 day moving average price is $35.26 and its 200 day moving average price is $36.23. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.66. American Homes 4 Rent has a 52-week low of $31.68 and a 52-week high of $41.41.
American Homes 4 Rent (NYSE:AMH - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.47 EPS for the quarter, topping the consensus estimate of $0.46 by $0.01. The firm had revenue of $457.50 million for the quarter, compared to the consensus estimate of $451.50 million. American Homes 4 Rent had a return on equity of 5.60% and a net margin of 23.72%.The company's quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.45 earnings per share. American Homes 4 Rent has set its FY 2025 guidance at 1.840-1.880 EPS. On average, research analysts predict that American Homes 4 Rent will post 1.85 EPS for the current year.
American Homes 4 Rent Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be issued a $0.30 dividend. The ex-dividend date is Monday, September 15th. This represents a $1.20 annualized dividend and a dividend yield of 3.5%. American Homes 4 Rent's payout ratio is currently 108.11%.
American Homes 4 Rent Profile
(
Free Report)
American Homes 4 Rent operates as a real estate investment trust. It engages in the acquisition, renovation, leasing, and operating of single-family homes as rental properties. The company was founded by Bradley Wayne Hughes, Sr. on October 19, 2012 and is headquartered in Las Vegas, NV.
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