American Homes 4 Rent $AMH Position Raised by Gotham Asset Management LLC

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% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 616,790 shares of the real estate investment trust's stock after purchasing an additional 88,358 shares during the period. Gotham Asset Management LLC owned approximately 0.17% of American Homes 4 Rent worth $23,321,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in AMH. Nuveen LLC acquired a new stake in American Homes 4 Rent in the 1st quarter valued at $113,669,000. Deutsche Bank AG grew its stake in shares of American Homes 4 Rent by 336.7% during 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 acquiring an additional 2,374,678 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of American Homes 4 Rent by 15.2% during 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 acquiring an additional 2,094,497 shares in the last quarter. Centersquare Investment Management LLC grew its stake in shares of American Homes 4 Rent by 283.7% during 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 acquiring an additional 1,349,634 shares in the last quarter. Finally, Millennium Management LLC grew its stake in shares of American Homes 4 Rent by 140.7% during 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 acquiring an additional 1,086,835 shares in the last quarter. 91.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at American Homes 4 Rent

In related news, Director Jack E. Corrigan acquired 4,000 shares of the stock in a transaction that occurred on 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 purchase, 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 purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 6.32% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Morgan Stanley raised their target price on American Homes 4 Rent from $40.50 to $41.00 and gave the company an "overweight" rating in a research note on Tuesday, August 19th. Citigroup downgraded American Homes 4 Rent from a "buy" rating to a "neutral" rating and set a $41.00 target price for the company. in a research note on Friday, June 6th. Scotiabank increased their price target on shares of American Homes 4 Rent from $38.00 to $41.00 and gave the stock a "sector perform" rating in a research report on Monday, May 12th. Finally, 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. Six 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.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $40.42.

American Homes 4 Rent Stock Performance

NYSE AMH traded down $0.12 during trading hours on Tuesday, reaching $34.59. The company's stock had a trading volume of 2,294,743 shares, compared to its average volume of 2,239,271. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.66. The business has a 50-day simple moving average of $35.37 and a 200 day simple moving average of $36.26. American Homes 4 Rent has a 52 week low of $31.68 and a 52 week high of $41.41. The stock has a market cap of $12.83 billion, a PE ratio of 31.17, a PEG ratio of 2.94 and a beta of 0.75.

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, beating the consensus estimate of $0.46 by $0.01. American Homes 4 Rent had a net margin of 23.72% and a return on equity of 5.60%. The company had revenue of $457.50 million for the quarter, compared to analyst estimates of $451.50 million. During the same quarter last year, the business earned $0.45 earnings per share. American Homes 4 Rent's revenue was up 8.0% compared to the same quarter last year. American Homes 4 Rent has set its FY 2025 guidance at 1.840-1.880 EPS. Equities research analysts predict that American Homes 4 Rent will post 1.85 earnings per share for the current fiscal year.

American Homes 4 Rent Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders 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 3.5%. American Homes 4 Rent's dividend payout ratio (DPR) is presently 108.11%.

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.