Cetera Investment Advisers Sells 8,869 Shares of American Homes 4 Rent $AMH

Key Points

• Cetera Investment Advisers has reduced its stake in American Homes 4 Rent by 35.3%, selling 8,869 shares and now holding a total of 16,282 shares valued at $616,000.
• American Homes 4 Rent reported an earnings per share (EPS) of $0.47 for the last quarter, exceeding analysts' expectations of $0.46, alongside a revenue of $457.50 million.
• Most analysts maintain a "Moderate Buy" rating on American Homes 4 Rent, with an average price target of $40.97, following some price increases and changes in ratings from various investment firms.

Cetera Investment Advisers cut its stake in American Homes 4 Rent (NYSE:AMH - Free Report) by 35.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,282 shares of the real estate investment trust's stock after selling 8,869 shares during the period. Cetera Investment Advisers' holdings in American Homes 4 Rent were worth $616,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new position in American Homes 4 Rent in the 1st quarter valued at $29,000. Parallel Advisors LLC raised its holdings in American Homes 4 Rent by 171.1% in the 1st quarter. Parallel Advisors LLC now owns 843 shares of the real estate investment trust's stock valued at $32,000 after acquiring an additional 532 shares in the last quarter. Opal Wealth Advisors LLC acquired a new position in American Homes 4 Rent in the 1st quarter valued at $42,000. Bellwether Advisors LLC acquired a new position in American Homes 4 Rent in the 4th quarter valued at $56,000. Finally, UMB Bank n.a. raised its holdings in American Homes 4 Rent by 133.9% in the 1st quarter. UMB Bank n.a. now owns 3,258 shares of the real estate investment trust's stock valued at $123,000 after acquiring an additional 1,865 shares in the last quarter. 91.87% of the stock is owned by institutional investors and hedge funds.

Insider Activity at American Homes 4 Rent

In related news, Director Jack E. Corrigan purchased 4,000 shares of American Homes 4 Rent stock in a transaction on Thursday, June 12th. The shares were purchased at an average price of $22.93 per share, for a total transaction of $91,720.00. Following the transaction, the director owned 15,000 shares of the company's stock, valued at approximately $343,950. This represents a 36.36% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 6.32% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on AMH shares. Evercore ISI lifted their price objective on American Homes 4 Rent from $40.00 to $41.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Morgan Stanley boosted their price target on American Homes 4 Rent from $40.50 to $41.00 and gave the stock an "overweight" rating in a report on Tuesday. Royal Bank Of Canada boosted their price target on American Homes 4 Rent from $39.00 to $41.00 and gave the stock an "outperform" rating in a report on Monday, May 5th. Wall Street Zen raised American Homes 4 Rent from a "sell" rating to a "hold" rating in a report on Tuesday, May 6th. Finally, Citigroup cut 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. Eight research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $41.07.

American Homes 4 Rent Price Performance

AMH traded up $0.1070 on Wednesday, reaching $35.0870. The stock had a trading volume of 2,064,482 shares, compared to its average volume of 1,985,142. American Homes 4 Rent has a fifty-two week low of $31.68 and a fifty-two week high of $41.41. The firm has a 50-day moving average of $35.67 and a 200-day moving average of $36.26. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $13.01 billion, a price-to-earnings ratio of 31.61, a price-to-earnings-growth ratio of 2.96 and a beta of 0.72.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last issued its earnings results on Thursday, July 31st. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 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 firm earned $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. As a group, 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 business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.4%. American Homes 4 Rent's dividend payout ratio (DPR) is presently 108.11%.

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.