Lord Abbett & CO. LLC Decreases Stake in American Homes 4 Rent $AMH

Key Points

• Lord Abbett & CO. LLC reduced its stake in American Homes 4 Rent by **44.8%**, holding approximately 477,807 shares valued at around $18 million after selling 387,766 shares.
• American Homes 4 Rent reported a quarterly EPS of $0.47, surpassing analysts' expectations, with revenue increasing **8.0%** year-over-year to **$457.50 million**.
• Several analysts have raised their target prices for American Homes 4 Rent, resulting in an average target of **$40.97**, with an overall rating of **"Moderate Buy."**

Lord Abbett & CO. LLC reduced its holdings in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 44.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 477,807 shares of the real estate investment trust's stock after selling 387,766 shares during the quarter. Lord Abbett & CO. LLC owned 0.13% of American Homes 4 Rent worth $18,066,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in AMH. JPMorgan Chase & Co. grew its position in American Homes 4 Rent by 15.2% in the 1st quarter. JPMorgan Chase & Co. now owns 15,899,721 shares of the real estate investment trust's stock valued at $601,169,000 after buying an additional 2,094,497 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of American Homes 4 Rent by 8.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 8,721,356 shares of the real estate investment trust's stock valued at $326,355,000 after buying an additional 675,077 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of American Homes 4 Rent by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,935,152 shares of the real estate investment trust's stock worth $184,670,000 after buying an additional 28,381 shares during the period. Charles Schwab Investment Management Inc. boosted its position in American Homes 4 Rent by 0.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,366,860 shares of the real estate investment trust's stock worth $165,111,000 after acquiring an additional 32,825 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in American Homes 4 Rent by 40.1% in the 4th quarter. Northern Trust Corp now owns 4,183,541 shares of the real estate investment trust's stock valued at $156,548,000 after buying an additional 1,198,471 shares in the last quarter. 91.87% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on AMH shares. Wall Street Zen upgraded American Homes 4 Rent from a "sell" rating to a "hold" rating in a research report on Tuesday, May 6th. Barclays dropped their target price on American Homes 4 Rent from $40.00 to $39.00 and set an "equal weight" rating for the company in a report on Tuesday, August 12th. Royal Bank Of Canada increased their target price on American Homes 4 Rent from $39.00 to $41.00 and gave the company an "outperform" rating in a research note on Monday, May 5th. Evercore ISI boosted their price objective on American Homes 4 Rent from $40.00 to $41.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. Finally, Scotiabank upped their target price 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. Eight research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $41.07.

American Homes 4 Rent Trading Up 0.4%

AMH stock traded up $0.1550 during midday trading on Thursday, hitting $35.2450. The stock had a trading volume of 298,314 shares, compared to its average volume of 2,208,481. American Homes 4 Rent has a 12-month low of $31.68 and a 12-month high of $41.41. The company's 50-day moving average price is $35.67 and its 200 day moving average price is $36.26. The firm has a market cap of $13.07 billion, a PE ratio of 31.77, 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 (NYSE:AMH - Get Free Report) last released its earnings results on Thursday, July 31st. The real estate investment trust reported $0.47 earnings per share for the quarter, topping 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 company had revenue of $457.50 million during the quarter, compared to the consensus estimate of $451.50 million. During the same quarter in the previous year, the firm earned $0.45 EPS. The company's revenue was up 8.0% on a year-over-year basis. American Homes 4 Rent has set its FY 2025 guidance at 1.840-1.880 EPS. On average, equities research analysts predict that American Homes 4 Rent will post 1.85 earnings per share for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The company also recently disclosed 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. This represents a $1.20 dividend on an annualized basis and a yield of 3.4%. American Homes 4 Rent's dividend payout ratio is currently 108.11%.

Insiders Place Their Bets

In related news, Director Jack E. Corrigan purchased 4,000 shares of the business's stock in a transaction on Thursday, June 12th. The shares were purchased 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 in the company, valued at $343,950. This represents a 36.36% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 6.32% of the company's stock.

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.