Ceredex Value Advisors LLC Boosts Position in American Homes 4 Rent $AMH

Key Points

• Ceredex Value Advisors LLC increased its stake in American Homes 4 Rent by 6.6%, bringing its total ownership to 979,800 shares, valued at approximately $37 million.
• American Homes 4 Rent's stock recently opened at $35.24 and reported a 1.4% decline, with a market capitalization of $13.07 billion.
• The company announced a quarterly dividend of $0.30 per share, representing a yield of 3.4%, with a payout ratio of 108.11%.

Ceredex Value Advisors LLC increased its stake in American Homes 4 Rent (NYSE:AMH - Free Report) by 6.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 979,800 shares of the real estate investment trust's stock after acquiring an additional 60,950 shares during the period. Ceredex Value Advisors LLC owned approximately 0.26% of American Homes 4 Rent worth $37,046,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of AMH. Golden State Wealth Management LLC purchased a new stake in American Homes 4 Rent during the first quarter worth $29,000. Parallel Advisors LLC boosted its stake in shares of American Homes 4 Rent by 171.1% during the 1st quarter. Parallel Advisors LLC now owns 843 shares of the real estate investment trust's stock worth $32,000 after acquiring an additional 532 shares in the last quarter. Pandora Wealth Inc. purchased a new position in American Homes 4 Rent in the 1st quarter valued at about $38,000. Opal Wealth Advisors LLC acquired a new stake in American Homes 4 Rent in the 1st quarter valued at about $42,000. Finally, SVB Wealth LLC acquired a new stake in American Homes 4 Rent in the 1st quarter valued at approximately $42,000. Hedge funds and other institutional investors own 91.87% of the company's stock.

American Homes 4 Rent Stock Up 1.2%

Shares of NYSE AMH traded up $0.43 during midday trading on Friday, reaching $35.83. The company's stock had a trading volume of 1,780,516 shares, compared to its average volume of 2,212,638. The stock has a market capitalization of $13.29 billion, a price-to-earnings ratio of 32.27, a PEG ratio of 3.00 and a beta of 0.72. American Homes 4 Rent has a fifty-two week low of $31.68 and a fifty-two week high of $41.41. The stock has a 50 day simple moving average of $35.55 and a 200-day simple moving average of $36.27. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.66.

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. The firm had revenue of $457.50 million for the quarter, compared to the consensus estimate of $451.50 million. American Homes 4 Rent had a net margin of 23.72% and a return on equity of 5.60%. The company's quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the previous 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. Equities research analysts predict that American Homes 4 Rent will post 1.85 earnings per share for the current year.

American Homes 4 Rent Announces Dividend

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 issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Monday, September 15th. American Homes 4 Rent's dividend payout ratio (DPR) is 108.11%.

Insider Transactions at American Homes 4 Rent

In other news, Director Jack E. Corrigan purchased 4,000 shares of the 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 acquisition, the director owned 15,000 shares in the company, valued at $343,950. This trade represents a 36.36% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 6.32% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Citigroup downgraded shares of American Homes 4 Rent from a "buy" rating to a "neutral" rating and set a $41.00 price objective for the company. in a research note on Friday, June 6th. Wall Street Zen raised shares of American Homes 4 Rent from a "sell" rating to a "hold" rating in a research note on Tuesday, May 6th. Morgan Stanley boosted their target price on shares of American Homes 4 Rent from $40.50 to $41.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 19th. Keefe, Bruyette & Woods boosted their target price on shares of American Homes 4 Rent from $38.00 to $40.00 and gave the company a "market perform" rating in a research note on Tuesday, May 6th. Finally, Royal Bank Of Canada boosted their target price on shares of American Homes 4 Rent from $39.00 to $41.00 and gave the stock an "outperform" rating in a report on Monday, May 5th. Seven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $41.00.

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.