American Homes 4 Rent $AMH Shares Sold by Alliancebernstein L.P.

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. decreased its position in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 5.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 533,604 shares of the real estate investment trust's stock after selling 28,034 shares during the quarter. Alliancebernstein L.P. owned approximately 0.14% of American Homes 4 Rent worth $20,176,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the company. GF Fund Management CO. LTD. grew its stake in American Homes 4 Rent by 5.1% during the 1st quarter. GF Fund Management CO. LTD. now owns 6,288 shares of the real estate investment trust's stock worth $238,000 after buying an additional 304 shares during the last quarter. Arizona State Retirement System grew its position in shares of American Homes 4 Rent by 0.4% during the first quarter. Arizona State Retirement System now owns 96,005 shares of the real estate investment trust's stock worth $3,630,000 after acquiring an additional 366 shares during the last quarter. Avantax Advisory Services Inc. grew its position in shares of American Homes 4 Rent by 1.1% during the first quarter. Avantax Advisory Services Inc. now owns 34,995 shares of the real estate investment trust's stock worth $1,323,000 after acquiring an additional 391 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in shares of 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 during the period. Finally, Tidal Investments LLC raised its position 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 purchasing an additional 469 shares during the last quarter. 91.87% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AMH has been the topic of a number of recent research reports. Evercore ISI dropped their price objective on shares of American Homes 4 Rent from $41.00 to $40.00 and set an "outperform" rating on the stock in a research note on Monday. Citigroup cut 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. Morgan Stanley increased their price target on American Homes 4 Rent from $40.50 to $41.00 and gave the stock an "overweight" rating in a report on Tuesday, August 19th. Finally, Barclays lowered their price objective on American Homes 4 Rent from $40.00 to $39.00 and set an "equal weight" rating on the stock in a report on Tuesday, August 12th. Six equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, American Homes 4 Rent has a consensus rating of "Moderate Buy" and an average target price of $40.09.

American Homes 4 Rent Price Performance

Shares of American Homes 4 Rent stock traded down $0.13 during trading on Tuesday, hitting $33.31. 3,001,823 shares of the company were exchanged, compared to its average volume of 2,382,654. American Homes 4 Rent has a fifty-two week low of $31.68 and a fifty-two week high of $41.07. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.66. The firm has a 50 day moving average price of $35.18 and a 200 day moving average price of $36.19. The stock has a market capitalization of $12.36 billion, a price-to-earnings ratio of 30.01, a P/E/G ratio of 2.82 and a beta of 0.75.

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 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.01. American Homes 4 Rent had a return on equity of 5.60% and a net margin of 23.72%.The company had revenue of $457.50 million during the quarter, compared to the consensus estimate of $451.50 million. During the same quarter last year, the business posted $0.45 earnings per share. American Homes 4 Rent's revenue 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. On average, equities analysts expect that American Homes 4 Rent will post 1.85 earnings per share for the current fiscal year.

American Homes 4 Rent Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Monday, September 15th. American Homes 4 Rent's dividend payout ratio (DPR) is currently 108.11%.

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.