Dimensional Fund Advisors LP Sells 53,016 Shares of American Homes 4 Rent $AMH

Key Points

• Dimensional Fund Advisors LP holds approximately $184.59 million in American Homes 4 Rent after reducing its stake by 1.1% to 4,882,136 shares.
• American Homes 4 Rent reported $0.47 earnings per share for the latest quarter, exceeding analysts' expectations by $0.01, while quarterly revenue increased by 8.0% year-over-year to $457.50 million.
• The stock has a market capitalization of $12.99 billion, with current price targets from analysts ranging from $39.00 to $43.00, reflecting a generally positive outlook.

Dimensional Fund Advisors LP lessened its holdings in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 1.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,882,136 shares of the real estate investment trust's stock after selling 53,016 shares during the quarter. Dimensional Fund Advisors LP owned 1.32% of American Homes 4 Rent worth $184,590,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Golden State Wealth Management LLC acquired a new stake in American Homes 4 Rent during the 1st quarter worth approximately $29,000. Parallel Advisors LLC increased its position 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 acquiring an additional 532 shares in the last quarter. Pandora Wealth Inc. acquired a new stake in shares of American Homes 4 Rent during the first quarter worth $38,000. Opal Wealth Advisors LLC bought a new stake in American Homes 4 Rent in the 1st quarter valued at $42,000. Finally, Avalon Trust Co bought a new stake in American Homes 4 Rent in the 1st quarter valued at $52,000. 91.87% of the stock is currently owned by institutional investors.

American Homes 4 Rent Stock Performance

AMH stock traded down $0.5170 during trading hours on Monday, reaching $35.2430. The stock had a trading volume of 1,313,988 shares, compared to its average volume of 2,108,901. The stock has a market capitalization of $13.07 billion, a PE ratio of 31.75, a price-to-earnings-growth ratio of 3.02 and a beta of 0.72. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.88 and a quick ratio of 0.88. The stock has a 50-day simple moving average of $35.62 and a 200 day simple moving average of $36.28. American Homes 4 Rent has a fifty-two week low of $31.68 and a fifty-two week high of $41.41.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last posted its earnings results on Thursday, July 31st. The real estate investment trust reported $0.47 earnings per share for the quarter, topping analysts' consensus estimates of $0.46 by $0.01. The business had revenue of $457.50 million for the quarter, compared to analyst estimates of $451.50 million. American Homes 4 Rent had a return on equity of 5.60% and a net margin of 23.72%.The firm's 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 EPS. American Homes 4 Rent has set its FY 2025 guidance at 1.840-1.880 EPS. Analysts predict that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

American Homes 4 Rent Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given 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 is Monday, September 15th. American Homes 4 Rent's dividend payout ratio is presently 108.11%.

Insider Activity at American Homes 4 Rent

In related news, Director Jack E. Corrigan acquired 4,000 shares of the 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 purchase, the director directly owned 15,000 shares in the company, valued at approximately $343,950. The trade was a 36.36% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 6.01% of the company's stock.

Analyst Upgrades and Downgrades

AMH has been the subject of several recent research reports. Raymond James Financial upped their price objective on American Homes 4 Rent from $39.00 to $43.00 and gave the stock an "outperform" rating in a research report on Friday, May 9th. Morgan Stanley upped their price target on 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. Evercore ISI raised their price target on shares of American Homes 4 Rent from $40.00 to $41.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Keefe, Bruyette & Woods lifted their price objective 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. Finally, Citigroup lowered shares of American Homes 4 Rent from a "buy" rating to a "neutral" rating and set a $41.00 price objective on the stock. in a research report on Friday, June 6th. Eight analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $41.07.

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.