Hsbc Holdings PLC Sells 148,363 Shares of American Homes 4 Rent $AMH

Key Points

• Hsbc Holdings PLC reduced its stake in American Homes 4 Rent by 28.5%, selling 148,363 shares, while JPMorgan Chase & Co. increased its stake by 15.2%.
• American Homes 4 Rent reported $0.47 earnings per share for the last quarter, exceeding analyst estimates of $0.46, with revenues of $457.50 million.
• The company has announced a quarterly dividend of $0.30 per share, representing a yield of 3.4%, payable on September 30th.

Hsbc Holdings PLC lowered its stake in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 28.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 372,930 shares of the real estate investment trust's stock after selling 148,363 shares during the period. Hsbc Holdings PLC owned 0.10% of American Homes 4 Rent worth $14,098,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Golden State Wealth Management LLC purchased a new stake in shares of American Homes 4 Rent during the first quarter worth $29,000. Parallel Advisors LLC raised its position in shares of American Homes 4 Rent by 171.1% in 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. purchased a new stake in shares of American Homes 4 Rent in the first quarter worth $38,000. Opal Wealth Advisors LLC purchased a new stake in shares of American Homes 4 Rent in the first quarter worth $42,000. Finally, Avalon Trust Co purchased a new stake in shares of American Homes 4 Rent in the first quarter worth $52,000. Hedge funds and other institutional investors own 91.87% of the company's stock.

Insider Activity

In other American Homes 4 Rent news, Director Jack E. Corrigan bought 4,000 shares of the stock in a transaction dated Thursday, June 12th. The stock was purchased 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 approximately $343,950. This trade represents a 36.36% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 6.32% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on AMH shares. Scotiabank increased their price objective 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. Wall Street Zen upgraded American Homes 4 Rent from a "sell" rating to a "hold" rating in a research report on Tuesday, May 6th. Morgan Stanley raised their price target on American Homes 4 Rent from $40.50 to $41.00 and gave the company an "overweight" rating in a research report on Tuesday, August 19th. Royal Bank Of Canada raised their price target on American Homes 4 Rent from $39.00 to $41.00 and gave the company an "outperform" rating in a research report on Monday, May 5th. Finally, Raymond James Financial raised their price target on American Homes 4 Rent from $39.00 to $43.00 and gave the company an "outperform" rating in a research report on Friday, May 9th. Seven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $41.00.

American Homes 4 Rent Stock Up 1.1%

American Homes 4 Rent stock traded up $0.40 during trading hours on Friday, hitting $35.80. 737,001 shares of the stock traded hands, compared to its average volume of 2,206,185. The firm's 50-day moving average price is $35.55 and its two-hundred day moving average price is $36.27. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.66. The company has a market cap of $13.28 billion, a PE ratio of 32.21, a PEG ratio of 3.00 and a beta of 0.72. American Homes 4 Rent has a one year low of $31.68 and a one year high of $41.41.

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, beating the consensus estimate of $0.46 by $0.01. The business had revenue of $457.50 million for the quarter, compared to analysts' expectations 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 was up 8.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.45 EPS. American Homes 4 Rent has set its FY 2025 guidance at 1.840-1.880 EPS. On average, research analysts forecast that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend 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%.

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.