Envestnet Asset Management Inc. Lowers Stake in American Homes 4 Rent $AMH

Key Points

• Envestnet Asset Management cut its American Homes 4 Rent stake by 28.1% in the second quarter, selling 61,787 shares and retaining 157,808 shares valued at approximately $5.29 million. Institutional investors collectively own 91.87% of AMH.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $36.71. Recent upgrades included Mizuho’s move to “outperform” and Jefferies’ “strong-buy” rating.
• AMH reported quarterly earnings of $0.31 per share, exceeding the $0.18 consensus estimate, while revenue rose 2.8% year over year to $470.1 million. The company pays a quarterly dividend of $0.33, equivalent to a 4.4% annualized yield.

Envestnet Asset Management Inc. reduced its holdings in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 28.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 157,808 shares of the real estate investment trust's stock after selling 61,787 shares during the quarter. Envestnet Asset Management Inc.'s holdings in American Homes 4 Rent were worth $5,290,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Bessemer Group Inc. boosted its holdings in American Homes 4 Rent by 70.3% in the first quarter. Bessemer Group Inc. now owns 1,170 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 483 shares during the last quarter. Root Financial Partners LLC raised its stake in American Homes 4 Rent by 7,231.6% during the 1st quarter. Root Financial Partners LLC now owns 1,393 shares of the real estate investment trust's stock valued at $39,000 after buying an additional 1,374 shares during the last quarter. Elevation Wealth Partners LLC raised its stake in American Homes 4 Rent by 199.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 1,441 shares of the real estate investment trust's stock valued at $48,000 after buying an additional 959 shares during the last quarter. Hilton Head Capital Partners LLC bought a new position in shares of American Homes 4 Rent during the 4th quarter valued at $49,000. Finally, SJS Investment Consulting Inc. lifted its holdings in shares of American Homes 4 Rent by 393.3% during the 1st quarter. SJS Investment Consulting Inc. now owns 2,131 shares of the real estate investment trust's stock valued at $59,000 after buying an additional 1,699 shares during the period. 91.87% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at American Homes 4 Rent

In other news, Director Jack Corrigan acquired 8,000 shares of the firm's stock in a transaction dated Friday, September 11th. The shares were acquired at an average cost of $21.49 per share, with a total value of $171,920.00. Following the acquisition, the director directly owned 25,000 shares of the company's stock, valued at approximately $537,250. The trade was a 47.06% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Over the last 90 days, insiders purchased 15,000 shares of company stock valued at $328,040. Insiders own 5.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on AMH shares. Mizuho upgraded American Homes 4 Rent from a "neutral" rating to an "outperform" rating and boosted their price target for the company from $35.00 to $36.00 in a research note on Monday, September 21st. Barclays increased their price objective on shares of American Homes 4 Rent from $32.00 to $36.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 14th. Jefferies Financial Group raised shares of American Homes 4 Rent to a "strong-buy" rating in a report on Wednesday, July 22nd. Scotiabank decreased their price target on shares of American Homes 4 Rent from $33.00 to $31.00 and set a "sector perform" rating on the stock in a research report on Thursday, September 17th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of American Homes 4 Rent from $36.00 to $38.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $36.71.

American Homes 4 Rent Trading Down 0.7%

American Homes 4 Rent stock opened at $30.30 on Friday. The stock has a market cap of $10.93 billion, a P/E ratio of 24.05, a PEG ratio of 5.73 and a beta of 0.77. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.59 and a quick ratio of 0.59. American Homes 4 Rent has a 1 year low of $27.22 and a 1 year high of $35.07. The firm's 50 day moving average price is $32.83 and its 200-day moving average price is $31.96.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last issued its earnings results on Thursday, July 30th. The real estate investment trust reported $0.31 earnings per share for the quarter, topping analysts' consensus estimates of $0.18 by $0.13. The firm had revenue of $470.10 million during the quarter, compared to analyst estimates of $466.51 million. American Homes 4 Rent had a net margin of 25.53% and a return on equity of 6.25%. American Homes 4 Rent's revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.47 earnings per share. American Homes 4 Rent has set its FY 2026 guidance at 1.930-1.970 EPS. On average, equities analysts predict that American Homes 4 Rent will post 1.91 earnings per share for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were paid a $0.33 dividend. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $1.32 dividend on an annualized basis and a yield of 4.4%. American Homes 4 Rent's payout ratio is presently 104.76%.

About American Homes 4 Rent

American Homes 4 Rent NYSE: AMH is a real estate investment trust that owns, develops, acquires, leases and manages single-family rental homes in the United States. The company provides professionally managed rental housing, offering residents detached homes with features such as multiple bedrooms, private outdoor space and access to online leasing and maintenance services.

Founded in 2012, American Homes 4 Rent has built a portfolio through home acquisitions and the development of purpose-built rental communities.

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