Benjamin Edwards Inc. Sells 16,083 Shares of American Homes 4 Rent $AMH

Key Points

• Benjamin Edwards Inc. reduced its stake in American Homes 4 Rent by 71.0%, selling 16,083 shares, and now holds 6,585 shares worth approximately $249,000.
• Various institutional investors have also adjusted their positions, with 91.87% of the company's stock now owned by such investors, indicating significant institutional interest.
• Evercore ISI has increased its price objective from $40.00 to $41.00, reflecting a favorable outlook from several analysts, with the consensus rating being a Moderate Buy.

Benjamin Edwards Inc. decreased its position in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 71.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,585 shares of the real estate investment trust's stock after selling 16,083 shares during the period. Benjamin Edwards Inc.'s holdings in American Homes 4 Rent were worth $249,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of AMH. Golden State Wealth Management LLC acquired a new position in shares of American Homes 4 Rent in the first quarter worth about $29,000. Parallel Advisors LLC increased its stake in shares of American Homes 4 Rent by 171.1% during the first quarter. Parallel Advisors LLC now owns 843 shares of the real estate investment trust's stock worth $32,000 after buying an additional 532 shares during the period. Opal Wealth Advisors LLC purchased a new stake in shares of American Homes 4 Rent during the 1st quarter worth approximately $42,000. Avalon Trust Co purchased a new position in shares of American Homes 4 Rent during the first quarter worth approximately $52,000. Finally, Bellwether Advisors LLC purchased a new position in shares of American Homes 4 Rent in the 4th quarter valued at approximately $56,000. Institutional investors and hedge funds own 91.87% of the company's stock.

American Homes 4 Rent Stock Up 0.7%

NYSE AMH traded up $0.25 on Wednesday, reaching $35.23. The company had a trading volume of 868,009 shares, compared to its average volume of 2,212,859. The company's fifty day moving average is $35.70 and its 200-day moving average is $36.26. American Homes 4 Rent has a 1-year low of $31.68 and a 1-year high of $41.41. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.88 and a current ratio of 0.88. The firm has a market capitalization of $13.07 billion, a price-to-earnings ratio of 31.74, a price-to-earnings-growth ratio of 2.91 and a beta of 0.72.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last released its quarterly earnings data 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 return on equity of 5.60% and a net margin of 23.72%.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 prior year, the firm posted $0.45 EPS. The firm'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. On average, research analysts forecast that American Homes 4 Rent will post 1.85 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Jack E. Corrigan purchased 4,000 shares of the business's stock in a transaction that occurred on Thursday, June 12th. The stock was acquired at an average cost of $22.93 per share, for a total transaction of $91,720.00. Following the completion of the purchase, the director owned 15,000 shares in the company, valued at approximately $343,950. This represents a 36.36% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 6.01% of the stock is owned by insiders.

Analyst Ratings Changes

AMH has been the topic of several research analyst reports. Keefe, Bruyette & Woods boosted their price target on American Homes 4 Rent from $38.00 to $40.00 and gave the stock a "market perform" rating in a research note on Tuesday, May 6th. Evercore ISI upped their price target on shares of American Homes 4 Rent from $40.00 to $41.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Barclays cut their target price 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. Wall Street Zen raised American Homes 4 Rent from a "sell" rating to a "hold" rating in a research note on Tuesday, May 6th. Finally, Royal Bank Of Canada lifted their price objective 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. Eight analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, American Homes 4 Rent presently has a consensus rating of "Moderate Buy" and a consensus target price of $41.07.

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.