American Homes 4 Rent $AMH Stake Boosted by Aptus Capital Advisors LLC

Key Points

• Aptus Capital Advisors LLC increased its holdings in American Homes 4 Rent by 12.1%, owning 138,857 shares valued at approximately $5.25 million.
• The company reported $0.47 earnings per share for the most recent quarter, surpassing analysts' expectations of $0.46, with revenue up 8% year-over-year.
• Wall Street analysts have given American Homes 4 Rent an average rating of "Moderate Buy" with a price target of $41.07, with eight achieving a Buy rating.

Aptus Capital Advisors LLC grew its holdings in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 12.1% in the first quarter, according to its most recent filing with the SEC. The firm owned 138,857 shares of the real estate investment trust's stock after acquiring an additional 15,011 shares during the quarter. Aptus Capital Advisors LLC's holdings in American Homes 4 Rent were worth $5,250,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Northern Trust Corp boosted its position in American Homes 4 Rent by 2.0% during the 1st quarter. Northern Trust Corp now owns 4,268,625 shares of the real estate investment trust's stock worth $161,397,000 after acquiring an additional 85,084 shares during the period. Burgundy Asset Management Ltd. raised its holdings in American Homes 4 Rent by 6.9% during the first quarter. Burgundy Asset Management Ltd. now owns 4,111,296 shares of the real estate investment trust's stock worth $155,448,000 after purchasing an additional 266,744 shares in the last quarter. Cresset Asset Management LLC raised its holdings in American Homes 4 Rent by 25.3% during the first quarter. Cresset Asset Management LLC now owns 14,800 shares of the real estate investment trust's stock worth $560,000 after purchasing an additional 2,991 shares in the last quarter. Aberdeen Group plc raised its holdings in American Homes 4 Rent by 6.1% during the first quarter. Aberdeen Group plc now owns 113,023 shares of the real estate investment trust's stock worth $4,273,000 after purchasing an additional 6,494 shares in the last quarter. Finally, Sei Investments Co. raised its holdings in American Homes 4 Rent by 0.4% during the first quarter. Sei Investments Co. now owns 1,218,884 shares of the real estate investment trust's stock worth $45,615,000 after purchasing an additional 5,153 shares in the last quarter. Institutional investors and hedge funds 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 stock in a transaction on Thursday, June 12th. The shares were purchased at an average cost of $22.93 per share, for a total transaction of $91,720.00. Following the transaction, the director owned 15,000 shares in the company, valued at approximately $343,950. This trade represents a 36.36% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 6.32% of the company's stock.

American Homes 4 Rent Trading Down 2.1%

NYSE AMH traded down $0.74 on Monday, hitting $35.02. 278,881 shares of the stock were exchanged, compared to its average volume of 2,209,678. American Homes 4 Rent has a 52-week low of $31.68 and a 52-week high of $41.41. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.88 and a quick ratio of 0.88. The company has a market capitalization of $12.99 billion, a price-to-earnings ratio of 31.57, a P/E/G ratio of 3.02 and a beta of 0.72. The company's 50-day moving average price is $35.63 and its two-hundred day moving average price is $36.28.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.47 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $457.50 million for the quarter, compared to analysts' expectations of $451.50 million. During the same period in the previous year, the company posted $0.45 EPS. The company's quarterly 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. Research analysts predict that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Announces Dividend

The company also recently disclosed 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. This represents a $1.20 annualized dividend and a yield of 3.4%. The ex-dividend date is Monday, September 15th. American Homes 4 Rent's payout ratio is presently 108.11%.

Analysts Set New Price Targets

Several brokerages recently commented on AMH. Morgan Stanley boosted their target price 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. Evercore ISI boosted their target price on American Homes 4 Rent from $40.00 to $41.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Royal Bank Of Canada boosted their target price on American Homes 4 Rent from $39.00 to $41.00 and gave the stock an "outperform" rating in a report on Monday, May 5th. Scotiabank boosted their target price 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. Finally, Citigroup cut American Homes 4 Rent from a "buy" rating to a "neutral" rating and set a $41.00 target price on the stock. in a report on Friday, June 6th. Eight analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $41.07.

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.