American Century Companies Inc. Has $27.40 Million Stake 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. decreased its stake in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 17.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 724,587 shares of the real estate investment trust's stock after selling 154,606 shares during the period. American Century Companies Inc. owned about 0.20% of American Homes 4 Rent worth $27,397,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Alyeska Investment Group L.P. raised its stake in American Homes 4 Rent by 185.2% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,989,260 shares of the real estate investment trust's stock worth $74,438,000 after acquiring an additional 1,291,865 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of American Homes 4 Rent by 16.0% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 103,691 shares of the real estate investment trust's stock valued at $3,921,000 after purchasing an additional 14,278 shares during the period. Asset Management One Co. Ltd. increased its stake in shares of American Homes 4 Rent by 3.4% in the first quarter. Asset Management One Co. Ltd. now owns 688,009 shares of the real estate investment trust's stock valued at $26,014,000 after purchasing an additional 22,391 shares during the period. Cerity Partners LLC increased its stake in shares of American Homes 4 Rent by 152.4% in the first quarter. Cerity Partners LLC now owns 43,157 shares of the real estate investment trust's stock valued at $1,632,000 after purchasing an additional 26,057 shares during the period. Finally, Northern Trust Corp increased its stake in shares of American Homes 4 Rent by 40.1% in the fourth quarter. Northern Trust Corp now owns 4,183,541 shares of the real estate investment trust's stock valued at $156,548,000 after purchasing an additional 1,198,471 shares during the period. Institutional investors own 91.87% of the company's stock.

Insiders Place Their Bets

In other news, Director Jack E. Corrigan acquired 4,000 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The stock was purchased at an average price of $22.93 per share, with a total value of $91,720.00. Following the purchase, 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 position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 6.32% of the company's stock.

American Homes 4 Rent Price Performance

NYSE:AMH traded down $0.15 during trading hours on Thursday, reaching $35.40. 197,959 shares of the company's stock were exchanged, compared to its average volume of 2,204,668. The company has a market capitalization of $13.13 billion, a P/E ratio of 31.88, a price-to-earnings-growth ratio of 2.96 and a beta of 0.72. American Homes 4 Rent has a 12 month low of $31.68 and a 12 month high of $41.41. 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 business's 50-day simple moving average is $35.57 and its two-hundred day simple moving average is $36.27.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last issued its earnings results on Thursday, July 31st. The real estate investment trust reported $0.47 earnings per share for the quarter, topping analysts' consensus estimates of $0.46 by $0.01. The firm had revenue of $457.50 million during 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 revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period last year, the firm posted $0.45 earnings per share. American Homes 4 Rent has set its FY 2025 guidance at 1.840-1.880 EPS. Sell-side 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. 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 presently 108.11%.

Analysts Set New Price Targets

AMH has been the topic of several analyst reports. Royal Bank Of Canada raised 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 research note on Monday, May 5th. Barclays dropped their price target on shares of American Homes 4 Rent from $40.00 to $39.00 and set an "equal weight" rating on the stock in a research note on Tuesday, August 12th. Evercore ISI raised their price target on shares of American Homes 4 Rent from $40.00 to $41.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. Morgan Stanley raised their price objective on shares of 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. Finally, Wall Street Zen upgraded shares of American Homes 4 Rent from a "sell" rating to a "hold" rating in a research note on Tuesday, May 6th. Seven analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, American Homes 4 Rent has a consensus rating of "Moderate Buy" and a consensus price target of $41.00.

American Homes 4 Rent 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.