Federated Hermes Inc. Has $1.14 Million Holdings in American Homes 4 Rent (NYSE:AMH)

Key Points

• Federated Hermes Inc. has reduced its stake in American Homes 4 Rent by 20.6% to 30,101 shares, which are valued at approximately $1.14 million as of the latest SEC filing.
• In the 1st quarter, multiple institutional investors, including Golden State Wealth Management LLC and Parallel Advisors LLC, have either purchased new positions or increased their holdings in American Homes 4 Rent.
• Analysts have mixed views on American Homes 4 Rent, with target prices ranging from $40.50 by Morgan Stanley to $41.00 by Citigroup, while the consensus rating remains a "Moderate Buy."

Federated Hermes Inc. trimmed its position in American Homes 4 Rent (NYSE:AMH - Free Report) by 20.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,101 shares of the real estate investment trust's stock after selling 7,825 shares during the quarter. Federated Hermes Inc.'s holdings in American Homes 4 Rent were worth $1,138,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of AMH. Golden State Wealth Management LLC bought a new stake in shares of American Homes 4 Rent during the first quarter valued at approximately $29,000. Parallel Advisors LLC increased its position 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 during the period. Opal Wealth Advisors LLC acquired a new stake in American Homes 4 Rent in the 1st quarter valued at approximately $42,000. Bellwether Advisors LLC bought a new stake in American Homes 4 Rent during the 4th quarter valued at $56,000. Finally, Assetmark Inc. boosted its position in American Homes 4 Rent by 70.2% during the 1st quarter. Assetmark Inc. now owns 2,357 shares of the real estate investment trust's stock worth $89,000 after acquiring an additional 972 shares during the period. 91.87% of the stock is currently owned by institutional investors.

American Homes 4 Rent Price Performance

Shares of AMH traded down $0.34 during trading hours on Friday, hitting $34.41. 1,218,131 shares of the company were exchanged, compared to its average volume of 2,238,838. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.88 and a quick ratio of 0.52. The company has a market capitalization of $12.74 billion, a PE ratio of 31.00, a PEG ratio of 3.62 and a beta of 0.72. The firm has a fifty day simple moving average of $36.12 and a 200-day simple moving average of $36.27. American Homes 4 Rent has a one year low of $31.68 and a one year high of $41.41.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.47 earnings per share for the quarter, beating analysts' consensus estimates of $0.46 by $0.01. The business had revenue of $457.50 million during 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%. American Homes 4 Rent's revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter last year, the company posted $0.45 EPS. As a group, sell-side analysts predict that American Homes 4 Rent will post 1.85 earnings per share for the current year.

Insider Activity at American Homes 4 Rent

In other news, Director Jack E. Corrigan purchased 4,000 shares of the business's stock in a transaction dated Thursday, June 12th. The shares were acquired at an average price of $22.93 per share, for a total transaction of $91,720.00. Following the completion of the acquisition, the director directly owned 15,000 shares of the company's stock, valued at $343,950. The trade was a 36.36% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 6.32% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on AMH shares. Scotiabank raised their price target on 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. Citigroup cut shares of American Homes 4 Rent from a "buy" rating to a "neutral" rating and set a $41.00 target price on the stock. in a research note on Friday, June 6th. Raymond James Financial boosted their price target on shares of 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. Royal Bank Of Canada increased their price objective on shares of American Homes 4 Rent from $39.00 to $41.00 and gave the company an "outperform" rating in a report on Monday, May 5th. Finally, Keefe, Bruyette & Woods raised 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 research note on Tuesday, May 6th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $40.90.

American Homes 4 Rent Company 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.