Fjarde AP Fonden Fourth Swedish National Pension Fund Cuts Stock Holdings in American Homes 4 Rent $AMH

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

Other hedge funds also recently made changes to their positions in the company. Nuveen LLC acquired a new stake in American Homes 4 Rent during the 1st quarter worth approximately $113,669,000. Deutsche Bank AG boosted its position in American Homes 4 Rent by 336.7% during the 1st quarter. Deutsche Bank AG now owns 3,079,945 shares of the real estate investment trust's stock worth $116,453,000 after buying an additional 2,374,678 shares during the period. JPMorgan Chase & Co. boosted its position in American Homes 4 Rent by 15.2% during the 1st quarter. JPMorgan Chase & Co. now owns 15,899,721 shares of the real estate investment trust's stock worth $601,169,000 after buying an additional 2,094,497 shares during the period. Centersquare Investment Management LLC boosted its position in American Homes 4 Rent by 283.7% during the 1st quarter. Centersquare Investment Management LLC now owns 1,825,434 shares of the real estate investment trust's stock worth $69,020,000 after buying an additional 1,349,634 shares during the period. Finally, Alyeska Investment Group L.P. boosted its position in 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 buying an additional 1,291,865 shares during the period. 91.87% of the stock is currently owned by institutional investors and hedge funds.

American Homes 4 Rent Trading Up 1.5%

Shares of NYSE:AMH traded up $0.5360 during mid-day trading on Friday, hitting $35.7660. The company had a trading volume of 718,672 shares, compared to its average volume of 2,208,433. The firm has a fifty day moving average price of $35.64 and a 200 day moving average price of $36.26. The company has a market capitalization of $13.27 billion, a PE ratio of 32.25, a price-to-earnings-growth ratio of 2.97 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. 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 data 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 company had revenue of $457.50 million during the quarter, compared to analyst estimates of $451.50 million. American Homes 4 Rent had a net margin of 23.72% and a return on equity of 5.60%. American Homes 4 Rent's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.45 EPS. American Homes 4 Rent has set its FY 2025 guidance at 1.840-1.880 EPS. As a group, research analysts forecast that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a $0.30 dividend. The ex-dividend date is Monday, September 15th. This represents a $1.20 annualized dividend and a dividend yield of 3.4%. American Homes 4 Rent's payout ratio is currently 108.11%.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Barclays cut their target price on shares of American Homes 4 Rent from $40.00 to $39.00 and set an "equal weight" rating on the stock in a research report on Tuesday, August 12th. 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 report on Friday, May 2nd. Citigroup lowered shares of American Homes 4 Rent from a "buy" rating to a "neutral" rating and set a $41.00 price target for the company. in a report on Friday, June 6th. Royal Bank Of Canada raised their price target on shares of American Homes 4 Rent from $39.00 to $41.00 and gave the stock an "outperform" rating in a report on Monday, May 5th. Finally, 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. Eight research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat, American Homes 4 Rent presently has a consensus rating of "Moderate Buy" and a consensus target price of $41.07.

Insider Buying and Selling

In other American Homes 4 Rent news, Director Jack E. Corrigan purchased 4,000 shares of the firm's stock in a transaction on Thursday, June 12th. The stock was acquired at an average price of $22.93 per share, for a total transaction of $91,720.00. Following the purchase, the director owned 15,000 shares of the company's stock, valued at $343,950. This trade represents a 36.36% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 6.32% of the company's stock.

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.