Benjamin Edwards Inc. Has $249,000 Stock Holdings in 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. lessened its position in American Homes 4 Rent (NYSE:AMH - Free Report) by 71.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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 SEC.

Several other large investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in American Homes 4 Rent by 15.2% in the first quarter. JPMorgan Chase & Co. now owns 15,899,721 shares of the real estate investment trust's stock valued at $601,169,000 after purchasing an additional 2,094,497 shares in the last quarter. Townsquare Capital LLC increased its stake in American Homes 4 Rent by 30.9% in the first quarter. Townsquare Capital LLC now owns 7,757 shares of the real estate investment trust's stock valued at $293,000 after purchasing an additional 1,831 shares in the last quarter. Davis Selected Advisers increased its stake in American Homes 4 Rent by 12.2% in the first quarter. Davis Selected Advisers now owns 243,120 shares of the real estate investment trust's stock valued at $9,192,000 after purchasing an additional 26,450 shares in the last quarter. Citigroup Inc. boosted its holdings in shares of American Homes 4 Rent by 5.2% in the first quarter. Citigroup Inc. now owns 176,085 shares of the real estate investment trust's stock valued at $6,658,000 after buying an additional 8,714 shares during the period. Finally, Swiss National Bank boosted its holdings in shares of American Homes 4 Rent by 0.7% in the first quarter. Swiss National Bank now owns 936,317 shares of the real estate investment trust's stock valued at $35,402,000 after buying an additional 6,200 shares during the period. Institutional investors own 91.87% of the company's stock.

Wall Street Analysts Forecast Growth

AMH has been the subject of several research analyst reports. Keefe, Bruyette & Woods upped their price target on shares of American Homes 4 Rent from $38.00 to $40.00 and gave the company a "market perform" rating in a report on Tuesday, May 6th. Raymond James Financial upped their price target on shares of American Homes 4 Rent from $39.00 to $43.00 and gave the company an "outperform" rating in a report on Friday, May 9th. Morgan Stanley upped their price target on shares of American Homes 4 Rent from $40.50 to $41.00 and gave the company an "overweight" rating in a report on Tuesday. Citigroup cut shares of American Homes 4 Rent from a "buy" rating to a "neutral" rating and set a $41.00 price target for the company. in a report on Friday, June 6th. Finally, Scotiabank upped their price target on shares of 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. Eight research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, American Homes 4 Rent currently has a consensus rating of "Moderate Buy" and a consensus target price of $41.07.

American Homes 4 Rent Stock Up 0.4%

AMH traded up $0.1260 during trading hours on Thursday, hitting $35.2160. 1,806,016 shares of the company's stock were exchanged, compared to its average volume of 2,010,824. American Homes 4 Rent has a 1-year low of $31.68 and a 1-year high of $41.41. The stock's 50-day moving average is $35.64 and its two-hundred day moving average is $36.26. The stock has a market cap of $13.06 billion, a price-to-earnings ratio of 31.73, a PEG ratio of 2.97 and a beta of 0.72. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.66.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last announced its 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 net margin of 23.72% and a return on equity of 5.60%. The business had revenue of $457.50 million during the quarter, compared to analysts' expectations of $451.50 million. During the same quarter in the prior year, the company posted $0.45 earnings per share. The firm'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. Sell-side 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 declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a $0.30 dividend. The ex-dividend date is Monday, September 15th. This represents a $1.20 dividend on an annualized basis and a yield of 3.4%. American Homes 4 Rent's dividend payout ratio (DPR) is currently 108.11%.

Insider Buying and Selling

In other news, Director Jack E. Corrigan purchased 4,000 shares of the business's stock in a transaction on Thursday, June 12th. The stock was purchased at an average price of $22.93 per share, for a total transaction of $91,720.00. Following the completion of the purchase, the director directly owned 15,000 shares in the company, valued at $343,950. The trade was a 36.36% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 6.32% of the stock is currently owned by corporate insiders.

American Homes 4 Rent 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.