American Homes 4 Rent $AMH Shares Sold by Easterly Investment Partners LLC

Key Points

• Easterly Investment Partners LLC reduced its stake in American Homes 4 Rent by 13.0%, now owning approximately 307,474 shares valued at about $11 million.
• American Homes 4 Rent reported an earnings per share (EPS) of $0.47, beating analysts' estimates, with a revenue of $457.50 million for the quarter.
• The company recently announced a quarterly dividend of $0.30, representing an annual yield of 3.7%, with a payout ratio of 108.11%.

Easterly Investment Partners LLC lessened its holdings in American Homes 4 Rent (NYSE:AMH - Free Report) by 13.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 307,474 shares of the real estate investment trust's stock after selling 45,746 shares during the period. Easterly Investment Partners LLC owned about 0.08% of American Homes 4 Rent worth $11,091,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the stock. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position 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 acquiring an additional 14,278 shares in the last quarter. Asset Management One Co. Ltd. lifted its holdings in 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 acquiring an additional 22,391 shares during the last quarter. Cerity Partners LLC grew its holdings in shares of American Homes 4 Rent by 152.4% during the 1st quarter. Cerity Partners LLC now owns 43,157 shares of the real estate investment trust's stock worth $1,632,000 after purchasing an additional 26,057 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in American Homes 4 Rent by 27.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,587 shares of the real estate investment trust's stock worth $511,000 after buying an additional 2,930 shares during the period. Finally, Cbre Investment Management Listed Real Assets LLC increased its holdings in American Homes 4 Rent by 206.4% in the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,220,109 shares of the real estate investment trust's stock valued at $46,132,000 after purchasing an additional 821,874 shares during the last quarter. 91.87% of the stock is currently owned by institutional investors and hedge funds.

American Homes 4 Rent Stock Performance

Shares of NYSE AMH opened at $32.64 on Friday. The company has a 50-day simple moving average of $33.91 and a 200-day simple moving average of $35.64. 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 cap of $12.11 billion, a PE ratio of 29.41, a price-to-earnings-growth ratio of 2.98 and a beta of 0.75. American Homes 4 Rent has a 12 month low of $31.68 and a 12 month high of $39.49.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.47 EPS for the quarter, beating analysts' consensus estimates of $0.46 by $0.01. The business had revenue of $457.50 million during the quarter, compared to the consensus estimate of $451.50 million. American Homes 4 Rent had a return on equity of 5.60% and a net margin of 23.72%.The business's revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.45 earnings per share. American Homes 4 Rent has set its FY 2025 guidance at 1.840-1.880 EPS. On average, equities analysts anticipate that American Homes 4 Rent will post 1.85 earnings per share for the current year.

American Homes 4 Rent Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Monday, September 15th. American Homes 4 Rent's dividend payout ratio (DPR) is 108.11%.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Morgan Stanley boosted their price target on shares of American Homes 4 Rent from $40.50 to $41.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 19th. Evercore ISI dropped their price objective on American Homes 4 Rent from $41.00 to $40.00 and set an "outperform" rating on the stock in a report on Monday, September 15th. Barclays cut their target price on shares of American Homes 4 Rent from $40.00 to $39.00 and set an "equal weight" rating on the stock in a report on Tuesday, August 12th. The Goldman Sachs Group cut American Homes 4 Rent from a "buy" rating to a "neutral" rating and cut their price target for the stock from $43.00 to $37.00 in a research note on Wednesday, September 17th. Finally, Wolfe Research upgraded shares of American Homes 4 Rent from a "peer perform" rating to an "outperform" rating and set a $38.00 price objective for the company in a research report on Thursday, October 2nd. Eight analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $39.57.

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.

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