Gotham Asset Management LLC Purchases 88,358 Shares of American Homes 4 Rent $AMH

Key Points

• Gotham Asset Management LLC increased its stake in American Homes 4 Rent by 16.7%, owning $23.32 million worth of shares as of the latest SEC disclosure.
• Several institutional investors, including Alyeska Investment Group and Amundi, have also modified their holdings, with institutional ownership now at 91.87% of the company.
• American Homes 4 Rent announced a quarterly dividend of $0.30 per share, set to be paid on September 30th, reflecting a 3.5% dividend yield.

Gotham Asset Management LLC boosted its stake in American Homes 4 Rent (NYSE:AMH - Free Report) by 16.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 616,790 shares of the real estate investment trust's stock after purchasing an additional 88,358 shares during the quarter. Gotham Asset Management LLC owned about 0.17% of American Homes 4 Rent worth $23,321,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of AMH. Nuveen LLC purchased a new stake in American Homes 4 Rent in the first quarter valued at approximately $113,669,000. Deutsche Bank AG raised its stake 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 valued at $116,453,000 after purchasing an additional 2,374,678 shares in the last quarter. JPMorgan Chase & Co. raised 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 purchasing an additional 2,094,497 shares in the last quarter. Centersquare Investment Management LLC raised its stake in American Homes 4 Rent by 283.7% in the first quarter. Centersquare Investment Management LLC now owns 1,825,434 shares of the real estate investment trust's stock valued at $69,020,000 after purchasing an additional 1,349,634 shares in the last quarter. Finally, Millennium Management LLC raised its stake in American Homes 4 Rent by 140.7% in the fourth quarter. Millennium Management LLC now owns 1,859,115 shares of the real estate investment trust's stock valued at $69,568,000 after purchasing an additional 1,086,835 shares in the last quarter. 91.87% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Jack E. Corrigan acquired 4,000 shares of the stock in a transaction on Thursday, June 12th. The stock was acquired at an average price of $22.93 per share, with a total value of $91,720.00. Following the completion of the transaction, the director owned 15,000 shares of the company's stock, valued at $343,950. This 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. Corporate insiders own 6.01% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Citigroup downgraded 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. Barclays reduced their price target 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. Finally, Morgan Stanley increased their price target on shares of American Homes 4 Rent from $40.50 to $41.00 and gave the company an "overweight" rating in a research report on Tuesday, August 19th. Six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $40.42.

American Homes 4 Rent Trading Down 1.1%

AMH stock traded down $0.39 on Wednesday, reaching $34.25. The company's stock had a trading volume of 664,951 shares, compared to its average volume of 2,229,852. The business has a fifty day simple moving average of $35.35 and a two-hundred day simple moving average of $36.25. American Homes 4 Rent has a 12-month low of $31.68 and a 12-month high of $41.41. The firm has a market cap of $12.70 billion, a PE ratio of 30.82, a PEG ratio of 2.93 and a beta of 0.75. 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 (NYSE:AMH - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.47 EPS for the quarter, topping analysts' consensus estimates 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 return on equity of 5.60% and a net margin of 23.72%.The firm's revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the firm posted $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 forecast that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.20 annualized dividend and a yield of 3.5%. American Homes 4 Rent's dividend payout ratio (DPR) is currently 108.11%.

American Homes 4 Rent 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.