American Homes 4 Rent $AMH Stock Position Cut by IFM Investors Pty Ltd

Key Points

• IFM Investors Pty Ltd has reduced its stake in American Homes 4 Rent by 8.7%, selling 13,153 shares, bringing their total holdings to 137,290 shares valued at approximately $4.95 million.
• American Homes 4 Rent reported earnings of $0.47 per share for the last quarter, exceeding analyst estimates, with revenue rising 8% from the previous year.
• The company declared a quarterly dividend of $0.30 per share, representing a yield of 3.6%, with a dividend payout ratio of 108.11%.

IFM Investors Pty Ltd decreased its position in American Homes 4 Rent (NYSE:AMH - Free Report) by 8.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 137,290 shares of the real estate investment trust's stock after selling 13,153 shares during the quarter. IFM Investors Pty Ltd's holdings in American Homes 4 Rent were worth $4,952,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its position 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 worth $601,169,000 after purchasing an additional 2,094,497 shares during the period. Charles Schwab Investment Management Inc. boosted 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 buying an additional 32,825 shares during the period. Northern Trust Corp grew its holdings 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 buying an additional 85,084 shares in the last quarter. Burgundy Asset Management Ltd. raised its position in American Homes 4 Rent by 6.9% in the 1st quarter. Burgundy Asset Management Ltd. now owns 4,111,296 shares of the real estate investment trust's stock valued at $155,448,000 after buying an additional 266,744 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of American Homes 4 Rent by 21.8% in the first quarter. Goldman Sachs Group Inc. now owns 3,883,018 shares of the real estate investment trust's stock worth $146,817,000 after purchasing an additional 695,500 shares in the last quarter. Institutional investors and hedge funds own 91.87% of the company's stock.

American Homes 4 Rent Stock Down 0.2%

Shares of AMH traded down $0.06 during midday trading on Monday, hitting $33.37. 2,943,913 shares of the company's stock traded hands, compared to its average volume of 2,595,906. American Homes 4 Rent has a 1 year low of $31.68 and a 1 year high of $40.29. 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 stock has a market capitalization of $12.38 billion, a price-to-earnings ratio of 30.06, a price-to-earnings-growth ratio of 2.81 and a beta of 0.75. The firm's fifty day moving average is $34.99 and its 200-day moving average is $36.10.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last issued its quarterly earnings data 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. American Homes 4 Rent had a net margin of 23.72% and a return on equity of 5.60%. The business had revenue of $457.50 million for the quarter, compared to analysts' expectations of $451.50 million. During the same quarter last year, the company earned $0.45 EPS. The business's revenue was up 8.0% on a year-over-year basis. American Homes 4 Rent has set its FY 2025 guidance at 1.840-1.880 EPS. As a group, sell-side analysts anticipate that American Homes 4 Rent will post 1.85 earnings per share for the current year.

American Homes 4 Rent Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid 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 3.6%. American Homes 4 Rent's dividend payout ratio is currently 108.11%.

Analyst Upgrades and Downgrades

AMH has been the topic of several research analyst reports. Evercore ISI dropped their price objective on American Homes 4 Rent from $41.00 to $40.00 and set an "outperform" rating on the stock in a research note on Monday, September 15th. Barclays dropped their price objective on shares of American Homes 4 Rent from $40.00 to $39.00 and set an "equal weight" rating on the stock in a report on Tuesday, August 12th. Citigroup downgraded American Homes 4 Rent from a "buy" rating to a "neutral" rating and set a $41.00 price target for the company. in a research note on Friday, June 6th. Morgan Stanley upped their price target on 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. Finally, The Goldman Sachs Group cut shares of American Homes 4 Rent from a "buy" rating to a "neutral" rating and reduced their price target for the company from $43.00 to $37.00 in a research report on Wednesday, September 17th. Six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $39.83.

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.