Alyeska Investment Group L.P. Buys 1,006,133 Shares of American Homes 4 Rent $AMH

Key Points

• Alyeska Investment Group L.P. increased its stake in American Homes 4 Rent by 50.6%, acquiring over 1 million shares, and now holds approximately 0.81% of the company valued at about $113.26 million.
• Directors and other hedge funds have also increased their stakes, indicating significant institutional interest, with over 91% of shares owned by institutional investors.
• The company reported EPS of $0.47 for the last quarter, exceeding analysts' expectations and showcasing a revenue increase of 8.0% from the previous year.

Alyeska Investment Group L.P. raised its position in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 50.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,995,393 shares of the real estate investment trust's stock after purchasing an additional 1,006,133 shares during the period. Alyeska Investment Group L.P. owned 0.81% of American Homes 4 Rent worth $113,256,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Eisler Capital Management Ltd. bought a new position in American Homes 4 Rent during the first quarter valued at $13,221,000. Gamco Investors INC. ET AL boosted its holdings in shares of American Homes 4 Rent by 15.1% in the first quarter. Gamco Investors INC. ET AL now owns 142,355 shares of the real estate investment trust's stock worth $5,382,000 after acquiring an additional 18,630 shares during the period. Ceredex Value Advisors LLC boosted its holdings in shares of American Homes 4 Rent by 6.6% in the first quarter. Ceredex Value Advisors LLC now owns 979,800 shares of the real estate investment trust's stock worth $37,046,000 after acquiring an additional 60,950 shares during the period. SVB Wealth LLC bought a new position in shares of American Homes 4 Rent in the first quarter worth $42,000. Finally, Cbre Investment Management Listed Real Assets LLC boosted its holdings in shares of American Homes 4 Rent by 206.4% in the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,220,109 shares of the real estate investment trust's stock worth $46,132,000 after acquiring an additional 821,874 shares during the period. 91.87% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Jack E. Corrigan purchased 4,000 shares of the stock in a transaction on Thursday, June 12th. The shares were acquired at an average price of $22.93 per share, for a total transaction of $91,720.00. Following the completion of the transaction, the director directly owned 15,000 shares of the company's stock, valued at approximately $343,950. This trade represents a 36.36% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 6.32% of the stock is owned by insiders.

American Homes 4 Rent Price Performance

Shares of AMH stock traded up $0.23 on Friday, reaching $34.85. The company's stock had a trading volume of 4,256,682 shares, compared to its average volume of 1,961,513. 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 12-month low of $31.68 and a 12-month high of $41.41. The company has a market capitalization of $12.92 billion, a P/E ratio of 31.39, a PEG ratio of 2.92 and a beta of 0.75. The stock's 50 day simple moving average is $35.40 and its 200-day simple moving average is $36.25.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last issued its quarterly earnings data 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 return on equity of 5.60% and a net margin of 23.72%.The company had revenue of $457.50 million for 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. The firm'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. As a group, equities analysts predict that American Homes 4 Rent will post 1.85 earnings per share for the current fiscal year.

American Homes 4 Rent Dividend Announcement

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 given a dividend of $0.30 per share. The ex-dividend date is Monday, September 15th. This represents a $1.20 dividend on an annualized basis and a yield of 3.4%. American Homes 4 Rent's dividend payout ratio (DPR) is presently 108.11%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Scotiabank raised their price target on American Homes 4 Rent from $38.00 to $41.00 and gave the stock a "sector perform" rating in a report on Monday, May 12th. Citigroup lowered American Homes 4 Rent from a "buy" rating to a "neutral" rating and set a $41.00 price target for the company. in a report on Friday, June 6th. Barclays cut their price target on American Homes 4 Rent from $40.00 to $39.00 and set an "equal weight" rating for the company in a report on Tuesday, August 12th. Raymond James Financial raised their price target on American Homes 4 Rent from $39.00 to $43.00 and gave the stock an "outperform" rating in a report on Friday, May 9th. Finally, Morgan Stanley raised 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. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $40.42.

American Homes 4 Rent Company 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.