Wellington Management Group LLP Has $60.04 Million Stock Holdings in American Homes 4 Rent $AMH

Key Points

• Wellington Management Group LLP reduced its stake in American Homes 4 Rent by 50.2%, bringing their ownership to 1,588,042 shares worth approximately $60 million.
• American Homes 4 Rent reported a quarterly earnings per share (EPS) of $0.47, beating analysts' expectations and marking an 8% increase in revenue compared to the same quarter last year.
• The company declared a quarterly dividend of $0.30, set to be paid on September 30th, representing an annualized dividend of $1.20 and a dividend yield of 3.4%.

Wellington Management Group LLP lessened its stake in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 50.2% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 1,588,042 shares of the real estate investment trust's stock after selling 1,603,050 shares during the quarter. Wellington Management Group LLP owned about 0.43% of American Homes 4 Rent worth $60,044,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of AMH. Walleye Capital LLC acquired a new stake in shares of American Homes 4 Rent during the 4th quarter worth about $230,000. Tower Research Capital LLC TRC lifted its stake in shares of American Homes 4 Rent by 49.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 18,410 shares of the real estate investment trust's stock worth $689,000 after buying an additional 6,101 shares during the last quarter. Stifel Financial Corp lifted its stake in shares of American Homes 4 Rent by 1.7% during the 4th quarter. Stifel Financial Corp now owns 50,679 shares of the real estate investment trust's stock worth $1,896,000 after buying an additional 870 shares during the last quarter. Hsbc Holdings PLC lifted its stake in shares of American Homes 4 Rent by 44.0% during the 4th quarter. Hsbc Holdings PLC now owns 521,293 shares of the real estate investment trust's stock worth $19,461,000 after buying an additional 159,371 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of American Homes 4 Rent by 8.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 8,721,356 shares of the real estate investment trust's stock worth $326,355,000 after buying an additional 675,077 shares during the last quarter. Institutional investors and hedge funds own 91.87% of the company's stock.

American Homes 4 Rent Price Performance

AMH stock traded down $0.11 during mid-day trading on Thursday, hitting $35.44. The stock had a trading volume of 324,530 shares, compared to its average volume of 2,205,277. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.66. American Homes 4 Rent has a 52 week low of $31.68 and a 52 week high of $41.41. The firm has a market capitalization of $13.14 billion, a P/E ratio of 31.94, a P/E/G ratio of 2.96 and a beta of 0.72. The firm has a fifty day simple moving average of $35.57 and a 200 day simple moving average of $36.27.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last released its earnings results on Thursday, July 31st. The real estate investment trust reported $0.47 EPS for the quarter, beating 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 analyst estimates of $451.50 million. During the same period last year, the firm earned $0.45 EPS. The business'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. As a group, research analysts forecast that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Announces Dividend

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

Insider Buying and Selling

In other American Homes 4 Rent news, Director Jack E. Corrigan bought 4,000 shares of the business's stock in a transaction that occurred on Thursday, June 12th. The shares were acquired at an average cost of $22.93 per share, for a total transaction of $91,720.00. Following the transaction, the director directly owned 15,000 shares in the company, valued at approximately $343,950. This represents a 36.36% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.32% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on AMH shares. 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. Keefe, Bruyette & Woods raised their price target 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. Evercore ISI raised their price target on shares of American Homes 4 Rent from $40.00 to $41.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Morgan Stanley raised 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 report on Tuesday, August 19th. Finally, Royal Bank Of Canada raised their price target on shares of American Homes 4 Rent from $39.00 to $41.00 and gave the stock an "outperform" rating in a research report on Monday, May 5th. Seven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $41.00.

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.