Allspring Global Investments Holdings LLC Decreases Position in American Homes 4 Rent $AMH

Key Points

• Allspring Global Investments Holdings LLC reduced its stake in American Homes 4 Rent by 88% in the second quarter, owning just 37,657 shares after selling 276,303 shares.
• Despite Allspring's sell-off, other institutional investors have increased their holdings in American Homes 4 Rent, with Vanguard Personalized Indexing Management LLC growing their stake by 26.5%.
• American Homes 4 Rent reported earnings of $0.47 per share for the last quarter, exceeding expectations and showing an 8% revenue increase year-over-year.

Allspring Global Investments Holdings LLC trimmed its holdings in American Homes 4 Rent (NYSE:AMH - Free Report) by 88.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,657 shares of the real estate investment trust's stock after selling 276,303 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in American Homes 4 Rent were worth $1,346,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Personalized Indexing Management LLC increased its holdings in American Homes 4 Rent by 26.5% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 22,262 shares of the real estate investment trust's stock valued at $803,000 after purchasing an additional 4,661 shares during the last quarter. Aberdeen Group plc increased its holdings in American Homes 4 Rent by 11.1% in the 2nd quarter. Aberdeen Group plc now owns 125,602 shares of the real estate investment trust's stock valued at $4,530,000 after purchasing an additional 12,579 shares during the last quarter. Commerzbank Aktiengesellschaft FI increased its holdings in American Homes 4 Rent by 16.4% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 9,565 shares of the real estate investment trust's stock valued at $346,000 after purchasing an additional 1,346 shares during the last quarter. Louisiana State Employees Retirement System increased its holdings in American Homes 4 Rent by 0.6% in the 2nd quarter. Louisiana State Employees Retirement System now owns 89,400 shares of the real estate investment trust's stock valued at $3,225,000 after purchasing an additional 500 shares during the last quarter. Finally, KLP Kapitalforvaltning AS boosted its position in American Homes 4 Rent by 1.8% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 118,200 shares of the real estate investment trust's stock valued at $4,263,000 after buying an additional 2,100 shares during the period. Institutional investors and hedge funds own 91.87% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a "hold (c)" rating on shares of American Homes 4 Rent in a research report on Wednesday, October 8th. The Goldman Sachs Group lowered shares of American Homes 4 Rent from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $43.00 to $37.00 in a research note on Wednesday, September 17th. Evercore ISI lowered their target price on shares of American Homes 4 Rent from $41.00 to $40.00 and set an "outperform" rating on the stock in a research report on Monday, September 15th. Wolfe Research raised shares of American Homes 4 Rent from a "peer perform" rating to an "outperform" rating and set a $38.00 price target on the stock in a report on Thursday, October 2nd. Finally, Morgan Stanley upped their price target on shares of American Homes 4 Rent from $40.50 to $41.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 19th. Eight research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat.com, American Homes 4 Rent currently has an average rating of "Moderate Buy" and a consensus price target of $39.36.

American Homes 4 Rent Price Performance

AMH opened at $33.30 on Thursday. American Homes 4 Rent has a twelve month low of $31.68 and a twelve month high of $39.49. 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 firm has a market cap of $12.35 billion, a price-to-earnings ratio of 30.00, a PEG ratio of 3.03 and a beta of 0.75. The company has a fifty day simple moving average of $33.80 and a 200 day simple moving average of $35.53.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last posted its quarterly 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. American Homes 4 Rent had a net margin of 23.72% and a return on equity of 5.60%. The company had revenue of $457.50 million for the quarter, compared to the consensus estimate of $451.50 million. During the same period last year, the firm posted $0.45 EPS. The company's revenue for the quarter was up 8.0% on a year-over-year basis. American Homes 4 Rent has set its FY 2025 guidance at 1.840-1.880 EPS. Equities research analysts expect that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

American Homes 4 Rent Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Monday, September 15th. American Homes 4 Rent's dividend payout ratio is 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.

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