Korea Investment CORP Lowers Stock Holdings 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 shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 24.9% in the first quarter, according to its most recent disclosure 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 quarter. Korea Investment CORP owned 0.07% of American Homes 4 Rent worth $9,897,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Alyeska Investment Group L.P. increased its position in shares of American Homes 4 Rent by 185.2% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,989,260 shares of the real estate investment trust's stock valued at $74,438,000 after acquiring an additional 1,291,865 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of American Homes 4 Rent by 16.0% during 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 during the last quarter. Asset Management One Co. Ltd. increased its position in shares of American Homes 4 Rent by 3.4% during 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 American Homes 4 Rent by 152.4% during the first quarter. Cerity Partners LLC now owns 43,157 shares of the real estate investment trust's stock valued at $1,632,000 after purchasing an additional 26,057 shares during the period. Finally, Northern Trust Corp grew its holdings in American Homes 4 Rent by 40.1% during the fourth quarter. Northern Trust Corp now owns 4,183,541 shares of the real estate investment trust's stock valued at $156,548,000 after purchasing an additional 1,198,471 shares during the period. 91.87% of the stock is owned by hedge funds and other institutional investors.

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 that occurred on Thursday, June 12th. The stock was bought at an average price of $22.93 per share, with a total value of $91,720.00. Following the completion of the purchase, the director owned 15,000 shares of the company's stock, valued at approximately $343,950. This represents a 36.36% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 6.01% of the company's stock.

American Homes 4 Rent Stock Performance

Shares of American Homes 4 Rent stock traded up $0.5030 during trading hours on Friday, reaching $35.7330. The company had a trading volume of 2,831,422 shares, compared to its average volume of 2,108,901. American Homes 4 Rent has a one year low of $31.68 and a one year high of $41.41. The business has a fifty day simple moving average of $35.63 and a 200 day simple moving average of $36.28. 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 firm has a market cap of $13.25 billion, a PE ratio of 32.19, a price-to-earnings-growth ratio of 3.02 and a beta of 0.72.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.47 EPS for the quarter, topping analysts' consensus estimates of $0.46 by $0.01. The firm had revenue of $457.50 million during 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%.The business's revenue for the quarter was up 8.0% on a year-over-year basis. During the same period last year, the company earned $0.45 earnings per share. American Homes 4 Rent has set its FY 2025 guidance at 1.840-1.880 EPS. On average, analysts anticipate that American Homes 4 Rent will post 1.85 earnings per share for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid 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 dividend payout ratio (DPR) is currently 108.11%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on AMH. Citigroup lowered American Homes 4 Rent from a "buy" rating to a "neutral" rating and set a $41.00 price objective for the company. in a report on Friday, June 6th. Raymond James Financial increased their price objective on American Homes 4 Rent from $39.00 to $43.00 and gave the company an "outperform" rating in a report on Friday, May 9th. Scotiabank increased their price objective on American Homes 4 Rent from $38.00 to $41.00 and gave the company a "sector perform" rating in a report on Monday, May 12th. Morgan Stanley increased their price objective on American Homes 4 Rent from $40.50 to $41.00 and gave the company an "overweight" rating in a report on Tuesday, August 19th. Finally, Wall Street Zen raised American Homes 4 Rent from a "sell" rating to a "hold" rating in a report on Tuesday, May 6th. Eight investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat.com, American Homes 4 Rent has an average rating of "Moderate Buy" and a consensus target price 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.