Ashton Thomas Private Wealth LLC Decreases Stake in American Homes 4 Rent $AMH

Key Points

• Ashton Thomas Private Wealth LLC reduced its holdings in American Homes 4 Rent by 90% in the first quarter, now owning 7,038 shares valued at $266,000.
• Several institutional investors, including Nuveen LLC and Deutsche Bank AG, reported significant changes in their stakes in American Homes 4 Rent, indicating strong institutional interest.
• American Homes 4 Rent recently announced a quarterly dividend of $0.30 per share, with a yield of 3.5%, despite a payout ratio exceeding 100%.

Ashton Thomas Private Wealth LLC lessened its position in American Homes 4 Rent (NYSE:AMH - Free Report) by 90.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,038 shares of the real estate investment trust's stock after selling 63,640 shares during the quarter. Ashton Thomas Private Wealth LLC's holdings in American Homes 4 Rent were worth $266,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the company. Captrust Financial Advisors boosted its position in shares of American Homes 4 Rent by 58.0% during the fourth quarter. Captrust Financial Advisors now owns 20,174 shares of the real estate investment trust's stock valued at $755,000 after buying an additional 7,402 shares during the period. Cresset Asset Management LLC bought a new position in American Homes 4 Rent in the 4th quarter valued at $442,000. Ethic Inc. purchased a new stake in American Homes 4 Rent in the fourth quarter worth $245,000. Millennium Management LLC lifted its position in shares of American Homes 4 Rent by 140.7% during the fourth quarter. Millennium Management LLC now owns 1,859,115 shares of the real estate investment trust's stock worth $69,568,000 after purchasing an additional 1,086,835 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp boosted its stake in shares of American Homes 4 Rent by 20.7% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 13,651 shares of the real estate investment trust's stock valued at $511,000 after purchasing an additional 2,338 shares during the period. 91.87% of the stock is currently owned by institutional investors.

American Homes 4 Rent Stock Down 2.1%

AMH stock traded down $0.71 during trading on Monday, hitting $33.42. 3,626,866 shares of the company's stock traded hands, compared to its average volume of 2,306,244. The firm has a market capitalization of $12.40 billion, a P/E ratio of 30.11, a PEG ratio of 2.88 and a beta of 0.75. American Homes 4 Rent has a 1 year low of $31.68 and a 1 year high of $41.41. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.66. The business has a fifty day simple moving average of $35.22 and a two-hundred day simple moving average of $36.21.

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. American Homes 4 Rent had a return on equity of 5.60% and a net margin of 23.72%.The firm had revenue of $457.50 million during the quarter, compared to analyst estimates of $451.50 million. During the same period in the previous year, the company posted $0.45 EPS. The business's revenue for the quarter 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. Sell-side analysts anticipate that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 3.6%. American Homes 4 Rent's dividend payout ratio is presently 108.11%.

Wall Street Analyst Weigh In

Several research firms recently commented on AMH. Evercore ISI reduced their price target on shares of American Homes 4 Rent from $41.00 to $40.00 and set an "outperform" rating on the stock in a research note on Monday. Citigroup lowered shares of American Homes 4 Rent from a "buy" rating to a "neutral" rating and set a $41.00 target price on the stock. in a research report on Friday, June 6th. Morgan Stanley boosted their price target 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, Barclays dropped 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. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $40.33.

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.