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

Other institutional investors also recently modified their holdings of the company. Golden State Wealth Management LLC bought a new position in shares of American Homes 4 Rent in the 1st quarter valued at about $29,000. Parallel Advisors LLC grew its holdings in shares of American Homes 4 Rent by 171.1% during the first quarter. Parallel Advisors LLC now owns 843 shares of the real estate investment trust's stock worth $32,000 after buying an additional 532 shares in the last quarter. Pandora Wealth Inc. bought a new stake in American Homes 4 Rent in the 1st quarter valued at approximately $38,000. Opal Wealth Advisors LLC bought a new stake in American Homes 4 Rent in the 1st quarter valued at approximately $42,000. Finally, SVB Wealth LLC bought a new position in American Homes 4 Rent in the first quarter valued at approximately $42,000. 91.87% of the stock is owned by institutional investors.

Insider Buying and Selling

In other American Homes 4 Rent news, Director Jack E. Corrigan purchased 4,000 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The shares were acquired at an average cost of $22.93 per share, for a total transaction of $91,720.00. Following the completion of the acquisition, the director owned 15,000 shares of the company's stock, valued at $343,950. The trade was a 36.36% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 6.01% of the company's stock.

American Homes 4 Rent Stock Down 0.1%

Shares of NYSE AMH traded down $0.04 during midday trading on Monday, hitting $34.81. 836,313 shares of the stock traded hands, compared to its average volume of 2,228,626. American Homes 4 Rent has a one year low of $31.68 and a one year high of $41.41. The company has a market cap of $12.91 billion, a PE ratio of 31.35, a P/E/G ratio of 2.94 and a beta of 0.75. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.88 and a current ratio of 0.88. The business has a 50 day moving average price of $35.40 and a two-hundred day moving average price of $36.26.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last posted its earnings results on Thursday, July 31st. The real estate investment trust reported $0.47 earnings per share for the quarter, beating 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 analyst estimates of $451.50 million. During the same quarter last year, the company earned $0.45 earnings per share. 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. On average, equities analysts predict that American Homes 4 Rent will post 1.85 EPS for the current 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 issued 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 is Monday, September 15th. American Homes 4 Rent's dividend payout ratio (DPR) is 108.11%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Morgan Stanley upped their price objective on American Homes 4 Rent from $40.50 to $41.00 and gave the company an "overweight" rating in a research note on Tuesday, August 19th. Scotiabank increased their price target on 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. Citigroup downgraded shares of 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. Finally, Barclays cut their price target on shares of 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. Six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, American Homes 4 Rent presently has an average rating of "Moderate Buy" and a consensus target price of $40.42.

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.