Korea Investment CORP Reduces Stock Position in American Homes 4 Rent $AMH

Key Points

• Korea Investment CORP reduced its stake in American Homes 4 Rent (AMH) by 24.9% during the first quarter, selling 86,600 shares to own 261,752 shares valued at approximately $9.9 million.
• The company reported $0.47 earnings per share for the last quarter, surpassing the consensus estimate, and experienced an 8% year-over-year revenue growth.
• American Homes 4 Rent announced a quarterly dividend of $0.30 per share, resulting in a dividend yield of 3.4%, with a payout ratio of 108.11%.

Korea Investment CORP trimmed its holdings in American Homes 4 Rent (NYSE:AMH - Free Report) by 24.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 261,752 shares of the real estate investment trust's stock after selling 86,600 shares during the period. Korea Investment CORP owned 0.07% of American Homes 4 Rent worth $9,897,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new stake in American Homes 4 Rent in the 1st quarter worth about $29,000. Parallel Advisors LLC lifted its stake in shares of American Homes 4 Rent by 171.1% in the 1st quarter. Parallel Advisors LLC now owns 843 shares of the real estate investment trust's stock valued at $32,000 after purchasing an additional 532 shares in the last quarter. Pandora Wealth Inc. acquired a new position in shares of American Homes 4 Rent in the 1st quarter valued at about $38,000. Opal Wealth Advisors LLC acquired a new position in shares of American Homes 4 Rent in the 1st quarter valued at about $42,000. Finally, Avalon Trust Co acquired a new position in shares of American Homes 4 Rent in the 1st quarter valued at about $52,000. 91.87% of the stock is owned by institutional investors and hedge funds.

American Homes 4 Rent Stock Up 1.4%

American Homes 4 Rent stock traded up $0.48 during midday trading on Wednesday, hitting $35.57. 2,289,439 shares of the company were exchanged, compared to its average volume of 2,124,395. The company's fifty day moving average price is $35.57 and its 200-day moving average price is $36.27. The company has a market cap of $13.19 billion, a PE ratio of 32.04, a price-to-earnings-growth ratio of 2.96 and a beta of 0.72. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.88 and a quick ratio of 0.88. American Homes 4 Rent has a fifty-two week low of $31.68 and a fifty-two week high of $41.41.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.47 EPS for the quarter, topping the consensus estimate of $0.46 by $0.01. The firm had revenue of $457.50 million for the quarter, compared to analyst estimates of $451.50 million. American Homes 4 Rent had a return on equity of 5.60% and a net margin of 23.72%.American Homes 4 Rent's revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.45 EPS. American Homes 4 Rent has set its FY 2025 guidance at 1.840-1.880 EPS. On average, research analysts predict that American Homes 4 Rent will post 1.85 EPS for the current fiscal 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 given 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 yield of 3.4%. American Homes 4 Rent's payout ratio is 108.11%.

Insider Transactions at American Homes 4 Rent

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AMH. Scotiabank lifted their price objective on American Homes 4 Rent from $38.00 to $41.00 and gave the company a "sector perform" rating in a research note on Monday, May 12th. Morgan Stanley lifted their price objective on 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. Keefe, Bruyette & Woods lifted their price objective on American Homes 4 Rent from $38.00 to $40.00 and gave the company a "market perform" rating in a research note on Tuesday, May 6th. Citigroup lowered American Homes 4 Rent from a "buy" rating to a "neutral" rating and set a $41.00 price objective on the stock. in a research note on Friday, June 6th. Finally, Barclays reduced their price objective on 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. Seven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $41.00.

About American Homes 4 Rent

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.