Alliancebernstein L.P. Sells 28,034 Shares of American Homes 4 Rent $AMH

Key Points

• Alliancebernstein L.P. reduced its stake in American Homes 4 Rent by 5.0% during the first quarter, now holding 533,604 shares worth approximately $20.2 million.
• Other institutional investors are taking diverse actions, with Nuveen LLC acquiring a new stake valued at over $113 million, while Deutsche Bank AG increased its holdings by 336.7% in the same period.
• American Homes 4 Rent reported a quarterly earnings per share (EPS) of $0.47, slightly surpassing the analysts' estimate, and declared a quarterly dividend of $0.30, yielding 3.5% annually.

Alliancebernstein L.P. cut its stake in American Homes 4 Rent (NYSE:AMH - Free Report) by 5.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 533,604 shares of the real estate investment trust's stock after selling 28,034 shares during the period. Alliancebernstein L.P. owned approximately 0.14% of American Homes 4 Rent worth $20,176,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. GF Fund Management CO. LTD. raised its holdings in American Homes 4 Rent by 5.1% in the 1st quarter. GF Fund Management CO. LTD. now owns 6,288 shares of the real estate investment trust's stock valued at $238,000 after acquiring an additional 304 shares in the last quarter. Arizona State Retirement System raised its holdings in American Homes 4 Rent by 0.4% in the 1st quarter. Arizona State Retirement System now owns 96,005 shares of the real estate investment trust's stock valued at $3,630,000 after acquiring an additional 366 shares in the last quarter. Avantax Advisory Services Inc. raised its holdings in American Homes 4 Rent by 1.1% in the 1st quarter. Avantax Advisory Services Inc. now owns 34,995 shares of the real estate investment trust's stock valued at $1,323,000 after acquiring an additional 391 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in American Homes 4 Rent by 0.7% in the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 63,490 shares of the real estate investment trust's stock valued at $2,401,000 after acquiring an additional 452 shares in the last quarter. Finally, Tidal Investments LLC raised its holdings in American Homes 4 Rent by 2.8% in the 4th quarter. Tidal Investments LLC now owns 16,926 shares of the real estate investment trust's stock valued at $633,000 after acquiring an additional 469 shares in the last quarter. 91.87% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AMH has been the subject of several analyst reports. Morgan Stanley lifted their price objective on American Homes 4 Rent from $40.50 to $41.00 and gave the company an "overweight" rating in a report on Tuesday, August 19th. Citigroup lowered 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 note on Friday, June 6th. Finally, Barclays decreased their price target on American Homes 4 Rent from $40.00 to $39.00 and set an "equal weight" rating on the stock in a research note on Tuesday, August 12th. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $40.42.

American Homes 4 Rent Price Performance

AMH traded down $0.51 on Friday, reaching $34.11. The stock had a trading volume of 2,753,156 shares, compared to its average volume of 2,251,574. American Homes 4 Rent has a fifty-two week low of $31.68 and a fifty-two week high of $41.41. The firm has a 50-day moving average of $35.26 and a 200-day moving average of $36.23. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $12.65 billion, a price-to-earnings ratio of 30.73, a price-to-earnings-growth ratio of 2.92 and a beta of 0.75.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last issued its earnings results on Thursday, July 31st. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.46 by $0.01. The business had revenue of $457.50 million during the quarter, compared to analysts' expectations of $451.50 million. American Homes 4 Rent had a return on equity of 5.60% and a net margin of 23.72%.The business's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.45 EPS. American Homes 4 Rent has set its FY 2025 guidance at 1.840-1.880 EPS. As a group, sell-side analysts anticipate that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.20 annualized dividend and a dividend yield of 3.5%. American Homes 4 Rent's dividend payout ratio is presently 108.11%.

American Homes 4 Rent Profile

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.