American Homes 4 Rent $AMH Shares Sold by Fjarde AP Fonden Fourth Swedish National Pension Fund

Key Points

• Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its holdings in American Homes 4 Rent (NYSE:AMH) by 10.8%, now owning approximately 69,500 shares worth $2,628,000.
• Alyeska Investment Group L.P. significantly increased its position in the company by 185.2%, acquiring over 1.2 million shares in the fourth quarter.
• American Homes 4 Rent reported $0.47 EPS for the last quarter, exceeding analysts' estimates and showing an 8.0% increase in revenue year-over-year.

Fjarde AP Fonden Fourth Swedish National Pension Fund cut its position in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 10.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 69,500 shares of the real estate investment trust's stock after selling 8,400 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in American Homes 4 Rent were worth $2,628,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of AMH. Raymond James Financial Inc. purchased a new stake in shares of American Homes 4 Rent during the fourth quarter worth about $6,821,000. Townsquare Capital LLC purchased a new stake in American Homes 4 Rent in the fourth quarter valued at approximately $222,000. Barclays PLC grew its holdings in American Homes 4 Rent by 95.1% in the fourth quarter. Barclays PLC now owns 676,449 shares of the real estate investment trust's stock valued at $25,315,000 after purchasing an additional 329,648 shares during the period. Mariner LLC grew its holdings in American Homes 4 Rent by 5.0% in the fourth quarter. Mariner LLC now owns 93,793 shares of the real estate investment trust's stock valued at $3,510,000 after purchasing an additional 4,493 shares during the period. Finally, Walleye Capital LLC purchased a new stake in American Homes 4 Rent in the fourth quarter valued at approximately $230,000. 91.87% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on AMH shares. Wall Street Zen upgraded shares of American Homes 4 Rent from a "sell" rating to a "hold" rating in a report on Tuesday, May 6th. Raymond James Financial boosted their target price on shares of American Homes 4 Rent from $39.00 to $43.00 and gave the company an "outperform" rating in a report on Friday, May 9th. Scotiabank boosted their price objective on shares of American Homes 4 Rent from $38.00 to $41.00 and gave the stock a "sector perform" rating in a research note on Monday, May 12th. Morgan Stanley lifted 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. Finally, Citigroup lowered 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 report on Friday, June 6th. Eight equities 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 has an average rating of "Moderate Buy" and a consensus price target of $41.07.

American Homes 4 Rent Stock Up 0.3%

Shares of AMH stock traded up $0.1070 on Wednesday, hitting $35.0870. The stock had a trading volume of 2,064,482 shares, compared to its average volume of 2,220,844. The firm has a market capitalization of $13.01 billion, a price-to-earnings ratio of 31.61, a P/E/G ratio of 2.91 and a beta of 0.72. The stock's 50 day moving average is $35.70 and its 200-day moving average is $36.26. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.88 and a current ratio of 0.88. 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 announced its earnings results on Thursday, July 31st. The real estate investment trust reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.01. The business had revenue of $457.50 million during the quarter, compared to the consensus estimate 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 quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the prior 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. As a group, research analysts expect that American Homes 4 Rent will post 1.85 earnings per share for the current year.

Insider Transactions at American Homes 4 Rent

In related news, Director Jack E. Corrigan purchased 4,000 shares of the business's stock in a transaction that occurred on Thursday, June 12th. The shares were purchased at an average cost of $22.93 per share, with a total value of $91,720.00. Following the completion of 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 6.01% of the stock is owned by corporate insiders.

About American Homes 4 Rent

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.