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

Other large investors have also recently bought and sold shares of the company. Alyeska Investment Group L.P. increased its position in shares of American Homes 4 Rent by 185.2% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,989,260 shares of the real estate investment trust's stock worth $74,438,000 after purchasing an additional 1,291,865 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of American Homes 4 Rent by 16.0% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 103,691 shares of the real estate investment trust's stock valued at $3,921,000 after buying an additional 14,278 shares in the last quarter. Asset Management One Co. Ltd. grew its stake in shares of American Homes 4 Rent by 3.4% in the first quarter. Asset Management One Co. Ltd. now owns 688,009 shares of the real estate investment trust's stock valued at $26,014,000 after buying an additional 22,391 shares in the last quarter. Cerity Partners LLC increased its holdings in American Homes 4 Rent by 152.4% during the first quarter. Cerity Partners LLC now owns 43,157 shares of the real estate investment trust's stock worth $1,632,000 after buying an additional 26,057 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in American Homes 4 Rent by 40.1% during the fourth quarter. Northern Trust Corp now owns 4,183,541 shares of the real estate investment trust's stock worth $156,548,000 after buying an additional 1,198,471 shares during the last quarter. 91.87% of the stock is owned by institutional investors and hedge funds.

American Homes 4 Rent Stock Performance

Shares of American Homes 4 Rent stock traded down $0.52 during trading on Monday, reaching $35.24. The company's stock had a trading volume of 137,142 shares, compared to its average volume of 2,208,959. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.66. The business's 50-day moving average price is $35.63 and its 200-day moving average price is $36.28. American Homes 4 Rent has a 52 week low of $31.68 and a 52 week high of $41.41. The firm has a market cap of $13.07 billion, a PE ratio of 31.74, a P/E/G ratio of 3.02 and a beta of 0.72.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.01. The business had revenue of $457.50 million during the quarter, compared to analysts' expectations of $451.50 million. American Homes 4 Rent had a net margin of 23.72% and a return on equity of 5.60%. The business's revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.45 EPS. American Homes 4 Rent has set its FY 2025 guidance at 1.840-1.880 EPS. Equities analysts forecast that American Homes 4 Rent will post 1.85 earnings per share 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. Investors of record on Monday, September 15th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend 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 is currently 108.11%.

Insider Buying and Selling

In related news, Director Jack E. Corrigan acquired 4,000 shares of the company's stock in a transaction on 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 acquisition, the director directly owned 15,000 shares of the company's stock, valued at approximately $343,950. The trade was a 36.36% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.32% of the stock is currently owned by company insiders.

Analyst Ratings Changes

AMH has been the subject of a number of recent analyst reports. Barclays cut their price target on shares of American Homes 4 Rent from $40.00 to $39.00 and set an "equal weight" rating for the company in a research note on Tuesday, August 12th. Wall Street Zen upgraded shares of American Homes 4 Rent from a "sell" rating to a "hold" rating in a research note on Tuesday, May 6th. Morgan Stanley lifted 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, August 19th. Keefe, Bruyette & Woods boosted their price target on American Homes 4 Rent from $38.00 to $40.00 and gave the stock a "market perform" rating in a research report on Tuesday, May 6th. Finally, Evercore ISI upped their price objective on American Homes 4 Rent from $40.00 to $41.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. Eight research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price 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.