Aew Capital Management L P Has $53.33 Million Stake in American Homes 4 Rent $AMH

Key Points

• Aew Capital Management L P has reduced its stake in American Homes 4 Rent by 16.1%, selling 270,660 shares, and now owns approximately 1.41 million shares, which represent 2.6% of its portfolio.
• American Homes 4 Rent's stock rating has seen analysts upgrade it from a "sell" to a "hold", with an average price target of $41.07, reflecting a generally positive outlook.
• The company announced a quarterly dividend of $0.30 per share, resulting in an annualized dividend yield of 3.4%, despite having a high dividend payout ratio of 108.11%.

Aew Capital Management L P decreased its holdings in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 16.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,410,361 shares of the real estate investment trust's stock after selling 270,660 shares during the quarter. American Homes 4 Rent makes up about 2.6% of Aew Capital Management L P's investment portfolio, making the stock its 11th biggest holding. Aew Capital Management L P owned 0.38% of American Homes 4 Rent worth $53,326,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in AMH. Nuveen LLC acquired a new position in American Homes 4 Rent during the first quarter worth $113,669,000. Deutsche Bank AG raised its position in American Homes 4 Rent by 336.7% during the first quarter. Deutsche Bank AG now owns 3,079,945 shares of the real estate investment trust's stock worth $116,453,000 after acquiring an additional 2,374,678 shares in the last quarter. JPMorgan Chase & Co. raised its position in American Homes 4 Rent by 15.2% during the first quarter. JPMorgan Chase & Co. now owns 15,899,721 shares of the real estate investment trust's stock worth $601,169,000 after acquiring an additional 2,094,497 shares in the last quarter. Centersquare Investment Management LLC raised its position in American Homes 4 Rent by 283.7% during the first quarter. Centersquare Investment Management LLC now owns 1,825,434 shares of the real estate investment trust's stock worth $69,020,000 after acquiring an additional 1,349,634 shares in the last quarter. Finally, Alyeska Investment Group L.P. raised its position in American Homes 4 Rent by 185.2% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,989,260 shares of the real estate investment trust's stock worth $74,438,000 after acquiring an additional 1,291,865 shares in the last quarter. Institutional investors and hedge funds own 91.87% of the company's stock.

Wall Street Analysts Forecast Growth

AMH has been the topic of several analyst reports. Citigroup lowered shares of 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. Raymond James Financial upped their price target on shares of American Homes 4 Rent from $39.00 to $43.00 and gave the stock an "outperform" rating in a research report on Friday, May 9th. Barclays dropped their price target on shares of American Homes 4 Rent from $40.00 to $39.00 and set an "equal weight" rating on the stock in a research report on Tuesday, August 12th. Scotiabank upped their price target on shares of American Homes 4 Rent from $38.00 to $41.00 and gave the stock a "sector perform" rating in a research report on Monday, May 12th. Finally, Keefe, Bruyette & Woods upped their price target on shares of American Homes 4 Rent from $38.00 to $40.00 and gave the stock a "market perform" rating in a research report on Tuesday, May 6th. Seven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $41.00.

American Homes 4 Rent Stock Performance

Shares of AMH traded down $0.18 during trading hours on Thursday, hitting $35.37. The company had a trading volume of 528,267 shares, compared to its average volume of 2,206,815. The firm has a market cap of $13.12 billion, a price-to-earnings ratio of 31.86, a PEG ratio of 2.96 and a beta of 0.72. The business has a fifty day moving average of $35.57 and a 200-day moving average of $36.27. American Homes 4 Rent has a 12 month low of $31.68 and a 12 month high of $41.41. 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 (NYSE:AMH - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.47 EPS for the quarter, topping analysts' consensus estimates of $0.46 by $0.01. American Homes 4 Rent had a net margin of 23.72% and a return on equity of 5.60%. The business had revenue of $457.50 million for the quarter, compared to analyst estimates of $451.50 million. During the same period last year, the firm earned $0.45 earnings per share. American Homes 4 Rent's revenue for the quarter was up 8.0% compared to the same quarter last year. American Homes 4 Rent has set its FY 2025 guidance at 1.840-1.880 EPS. Equities analysts anticipate that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

American Homes 4 Rent Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Monday, September 15th. American Homes 4 Rent's dividend payout ratio (DPR) is currently 108.11%.

Insider Buying and Selling

In other American Homes 4 Rent news, Director Jack E. Corrigan purchased 4,000 shares of the stock in a transaction that occurred on Thursday, June 12th. The shares were acquired at an average cost of $22.93 per share, with a total value of $91,720.00. Following the completion of the transaction, the director owned 15,000 shares in the company, valued at $343,950. The trade was a 36.36% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 6.32% of the company's stock.

About American Homes 4 Rent

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.