Citigroup Inc. Raises Stake in American Homes 4 Rent $AMH

Key Points

• Citigroup Inc. increased its stake in American Homes 4 Rent by 5.2%, owning 176,085 shares valued at approximately $6.66 million as of the latest SEC filing.
• American Homes 4 Rent reported earnings of $0.47 per share for the last quarter, surpassing the consensus estimate of $0.46, with revenues rising 8.0% year-over-year to $457.5 million.
• Institutional investors and hedge funds hold approximately 91.87% of American Homes 4 Rent's stock, reflecting strong institutional interest in the REIT.

Citigroup Inc. grew its stake in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 5.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 176,085 shares of the real estate investment trust's stock after buying an additional 8,714 shares during the period. Citigroup Inc.'s holdings in American Homes 4 Rent were worth $6,658,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Swiss National Bank raised its position in shares of American Homes 4 Rent by 0.7% during 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 last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of American Homes 4 Rent by 11.6% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 508,592 shares of the real estate investment trust's stock valued at $19,230,000 after purchasing an additional 52,896 shares in the last quarter. Deutsche Bank AG grew its holdings in shares of American Homes 4 Rent by 336.7% in the first quarter. Deutsche Bank AG now owns 3,079,945 shares of the real estate investment trust's stock valued at $116,453,000 after purchasing an additional 2,374,678 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of American Homes 4 Rent by 0.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 4,366,860 shares of the real estate investment trust's stock valued at $165,111,000 after purchasing an additional 32,825 shares in the last quarter. Finally, ASR Vermogensbeheer N.V. purchased a new position in shares of American Homes 4 Rent in the first quarter valued at $349,000. Institutional investors own 91.87% of the company's stock.

Wall Street Analysts Forecast Growth

AMH has been the subject of a number of recent research reports. Morgan Stanley raised their target price 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. Scotiabank raised their target price 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. Evercore ISI raised their target price 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. Citigroup lowered shares of American Homes 4 Rent from a "buy" rating to a "neutral" rating and set a $41.00 target price for the company. in a report on Friday, June 6th. Finally, Wall Street Zen raised shares of American Homes 4 Rent from a "sell" rating to a "hold" rating in a report on Tuesday, May 6th. Eight equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $41.07.

Insider Activity

In related news, Director Jack E. Corrigan bought 4,000 shares of the stock in a transaction dated Thursday, June 12th. The stock was purchased at an average cost of $22.93 per share, with a total value of $91,720.00. Following the completion of the purchase, the director owned 15,000 shares of the company's stock, 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 SEC, which is available at the SEC website. Corporate insiders own 6.32% of the company's stock.

American Homes 4 Rent Trading Up 1.2%

NYSE AMH traded up $0.4250 on Friday, hitting $35.6550. 409,786 shares of the stock were exchanged, compared to its average volume of 2,206,202. 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 stock has a fifty day moving average price of $35.64 and a two-hundred day moving average price of $36.26. The firm has a market capitalization of $13.22 billion, a P/E ratio of 32.15, a P/E/G ratio of 2.97 and a beta of 0.72. American Homes 4 Rent has a 52-week low of $31.68 and a 52-week high of $41.41.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $457.50 million during the quarter, compared to analyst estimates of $451.50 million. American Homes 4 Rent had a net margin of 23.72% and a return on equity of 5.60%. American Homes 4 Rent's quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.45 earnings per share. American Homes 4 Rent has set its FY 2025 guidance at 1.840-1.880 EPS. Research analysts forecast that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Monday, September 15th. American Homes 4 Rent's payout ratio is currently 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.