Gamco Investors INC. ET AL Purchases 18,630 Shares of American Homes 4 Rent $AMH

Key Points

• Gamco Investors INC. ET AL increased its holdings in American Homes 4 Rent by 15.1%, owning 142,355 shares worth approximately $5.38 million as of the latest SEC filing.
• Multiple institutional investors, including JPMorgan Chase & Co. and Deutsche Bank AG, have significantly boosted their stakes in American Homes 4 Rent during the first quarter of the year.
• American Homes 4 Rent announced a quarterly dividend of $0.30 per share, with an annual yield of 3.4%, despite a dividend payout ratio of 108.11%.

Gamco Investors INC. ET AL increased its position in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 15.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 142,355 shares of the real estate investment trust's stock after purchasing an additional 18,630 shares during the quarter. Gamco Investors INC. ET AL's holdings in American Homes 4 Rent were worth $5,382,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. boosted its stake in American Homes 4 Rent by 15.2% in the first quarter. JPMorgan Chase & Co. now owns 15,899,721 shares of the real estate investment trust's stock valued at $601,169,000 after buying an additional 2,094,497 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of American Homes 4 Rent by 0.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 4,366,860 shares of the real estate investment trust's stock worth $165,111,000 after acquiring an additional 32,825 shares during the last quarter. Northern Trust Corp raised its position in shares of American Homes 4 Rent by 2.0% during the first quarter. Northern Trust Corp now owns 4,268,625 shares of the real estate investment trust's stock worth $161,397,000 after acquiring an additional 85,084 shares during the last quarter. Burgundy Asset Management Ltd. raised its position in shares of American Homes 4 Rent by 6.9% during the first quarter. Burgundy Asset Management Ltd. now owns 4,111,296 shares of the real estate investment trust's stock worth $155,448,000 after acquiring an additional 266,744 shares during the last quarter. Finally, Deutsche Bank AG increased its holdings in American Homes 4 Rent by 336.7% in the first quarter. Deutsche Bank AG now owns 3,079,945 shares of the real estate investment trust's stock worth $116,453,000 after purchasing an additional 2,374,678 shares in the last quarter. Institutional investors own 91.87% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on AMH shares. Morgan Stanley boosted their price objective on American Homes 4 Rent from $40.50 to $41.00 and gave the company an "overweight" rating in a report on Tuesday, August 19th. Keefe, Bruyette & Woods boosted their price objective on American Homes 4 Rent from $38.00 to $40.00 and gave the company a "market perform" rating in a report on Tuesday, May 6th. Wall Street Zen upgraded American Homes 4 Rent from a "sell" rating to a "hold" rating in a report on Tuesday, May 6th. Royal Bank Of Canada upped their price target on 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, Barclays decreased their price target on American Homes 4 Rent from $40.00 to $39.00 and set an "equal weight" rating for the company in a report on Tuesday, August 12th. Seven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, American Homes 4 Rent currently has a consensus rating of "Moderate Buy" and an average price target of $41.00.

Insider Transactions at American Homes 4 Rent

In other American Homes 4 Rent news, Director Jack E. Corrigan acquired 4,000 shares of the business's stock in a transaction dated Thursday, June 12th. The shares were purchased at an average cost of $22.93 per share, for a total transaction of $91,720.00. Following the transaction, the director owned 15,000 shares in the company, valued at $343,950. This represents a 36.36% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 6.01% of the stock is currently owned by insiders.

American Homes 4 Rent Price Performance

Shares of NYSE:AMH traded up $0.43 on Monday, hitting $35.83. The company's stock had a trading volume of 1,780,516 shares, compared to its average volume of 1,921,945. The company has a 50-day simple moving average of $35.53 and a 200 day simple moving average of $36.28. American Homes 4 Rent has a 1 year low of $31.68 and a 1 year high of $41.41. The company has a market capitalization of $13.29 billion, a PE ratio of 32.27, a PEG ratio of 3.02 and a beta of 0.75. 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 (NYSE:AMH - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $457.50 million for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period last year, the firm posted $0.45 EPS. American Homes 4 Rent has set its FY 2025 guidance at 1.840-1.880 EPS. Sell-side analysts forecast that American Homes 4 Rent will post 1.85 EPS for the current fiscal 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. This represents a $1.20 annualized dividend and a yield of 3.3%. The ex-dividend date is Monday, September 15th. American Homes 4 Rent's dividend payout ratio (DPR) is presently 108.11%.

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.