American Century Companies Inc. Decreases Stock Holdings in American Homes 4 Rent $AMH

Key Points

• American Century Companies Inc. has reduced its holdings in American Homes 4 Rent by 17.6%, selling 154,606 shares to own 724,587 shares worth approximately $27.4 million.
• The company announced a quarterly dividend of $0.30 per share, with a dividend yield of 3.4%, set to be paid on September 30th.
• Wall Street analysts have mixed views on the stock, with eight rating it a Buy and a consensus price target of $41.07.

American Century Companies Inc. reduced its holdings in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 17.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 724,587 shares of the real estate investment trust's stock after selling 154,606 shares during the quarter. American Century Companies Inc. owned 0.20% of American Homes 4 Rent worth $27,397,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. GF Fund Management CO. LTD. grew its stake in American Homes 4 Rent by 5.1% during the first 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 period. Arizona State Retirement System lifted 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 purchasing an additional 366 shares in the last quarter. Avantax Advisory Services Inc. lifted 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 purchasing an additional 391 shares in the last quarter. Tidal Investments LLC lifted its position in shares of American Homes 4 Rent by 2.8% during the fourth quarter. Tidal Investments LLC now owns 16,926 shares of the real estate investment trust's stock worth $633,000 after purchasing an additional 469 shares in the last quarter. Finally, Parallel Advisors LLC lifted its position 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 purchasing an additional 532 shares in the last quarter. 91.87% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on AMH shares. Keefe, Bruyette & Woods boosted their target price on shares of American Homes 4 Rent from $38.00 to $40.00 and gave the stock a "market perform" rating in a research report on Tuesday, May 6th. Citigroup cut shares of American Homes 4 Rent from a "buy" rating to a "neutral" rating and set a $41.00 target price on the stock. in a research report on Friday, June 6th. Wall Street Zen raised shares of American Homes 4 Rent from a "sell" rating to a "hold" rating in a research report on Tuesday, May 6th. Raymond James Financial boosted their target price on shares of American Homes 4 Rent from $39.00 to $43.00 and gave the stock an "outperform" rating in a research report on Friday, May 9th. Finally, Royal Bank Of Canada upped their price target on shares of American Homes 4 Rent from $39.00 to $41.00 and gave the company an "outperform" rating in a report on Monday, May 5th. Eight equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $41.07.

Insider Buying and Selling at American Homes 4 Rent

In other American Homes 4 Rent news, Director Jack E. Corrigan bought 4,000 shares of the company's stock in a transaction on Thursday, June 12th. The shares were bought at an average cost of $22.93 per share, with a total value of $91,720.00. Following the completion of the acquisition, the director owned 15,000 shares of the company's stock, valued at approximately $343,950. This trade represents a 36.36% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 6.32% of the company's stock.

American Homes 4 Rent Trading Up 1.4%

AMH opened at $35.7330 on Friday. The stock has a market capitalization of $13.25 billion, a PE ratio of 32.19, a P/E/G ratio of 2.98 and a beta of 0.72. The firm's fifty day moving average price is $35.63 and its 200 day moving average price is $36.27. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.88 and a quick ratio of 0.88. American Homes 4 Rent has a 12-month low of $31.68 and a 12-month high of $41.41.

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, beating the consensus estimate of $0.46 by $0.01. The firm had revenue of $457.50 million for the quarter, compared to analysts' expectations of $451.50 million. American Homes 4 Rent had a net margin of 23.72% and a return on equity of 5.60%. The firm's quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.45 earnings per share. American Homes 4 Rent has set its FY 2025 guidance at 1.840-1.880 EPS. As a group, 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 firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders 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 dividend yield of 3.4%. The ex-dividend date of this dividend is 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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