IFM Investors Pty Ltd Sells 10,151 Shares of American Homes 4 Rent $AMH

Key Points

• IFM Investors Pty Ltd reduced its stake in American Homes 4 Rent (AMH) by 6.3%, holding 150,443 shares valued at approximately $5.69 million post-sale.
• Several analysts recently revised their price targets for AMH, with Citigroup downgrading the stock to a "neutral" rating and setting a new target price of $41.00.
• American Homes 4 Rent declared a quarterly dividend of $0.30 per share, resulting in an annual yield of approximately 3.5%, with a dividend payout ratio of 108.11%.

IFM Investors Pty Ltd reduced its stake in American Homes 4 Rent (NYSE:AMH - Free Report) by 6.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 150,443 shares of the real estate investment trust's stock after selling 10,151 shares during the period. IFM Investors Pty Ltd's holdings in American Homes 4 Rent were worth $5,688,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Golden State Wealth Management LLC bought a new position in shares of American Homes 4 Rent in the 1st quarter worth $29,000. Parallel Advisors LLC boosted its position in shares of American Homes 4 Rent by 171.1% in the 1st quarter. Parallel Advisors LLC now owns 843 shares of the real estate investment trust's stock worth $32,000 after purchasing an additional 532 shares during the last quarter. Pandora Wealth Inc. bought a new position in shares of American Homes 4 Rent in the 1st quarter worth $38,000. Opal Wealth Advisors LLC bought a new position in shares of American Homes 4 Rent in the 1st quarter worth $42,000. Finally, SVB Wealth LLC bought a new position in shares of American Homes 4 Rent in the 1st quarter worth $42,000. 91.87% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AMH has been the topic of several recent analyst reports. Evercore ISI reduced their target price on American Homes 4 Rent from $41.00 to $40.00 and set an "outperform" rating on the stock in a report on Monday. Morgan Stanley boosted their price target 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. Citigroup lowered American Homes 4 Rent from a "buy" rating to a "neutral" rating and set a $41.00 price target on the stock. in a report on Friday, June 6th. The Goldman Sachs Group downgraded American Homes 4 Rent from a "buy" rating to a "neutral" rating and set a $37.00 target price on the stock. in a research report on Wednesday. Finally, Barclays lowered their target price on 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 equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat, American Homes 4 Rent currently has a consensus rating of "Moderate Buy" and a consensus target price of $39.83.

American Homes 4 Rent Trading Up 0.7%

NYSE AMH traded up $0.24 on Wednesday, reaching $33.60. The company had a trading volume of 598,724 shares, compared to its average volume of 2,243,584. The firm has a market cap of $12.46 billion, a price-to-earnings ratio of 30.24, a P/E/G ratio of 2.82 and a beta of 0.75. American Homes 4 Rent has a fifty-two week low of $31.68 and a fifty-two week high of $40.55. The business has a 50 day moving average of $35.18 and a two-hundred day moving average of $36.19. 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 issued its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.47 earnings per share for the quarter, topping analysts' consensus estimates of $0.46 by $0.01. American Homes 4 Rent had a return on equity of 5.60% and a net margin of 23.72%.The firm had revenue of $457.50 million during the quarter, compared to the consensus estimate of $451.50 million. During the same period last year, the business posted $0.45 EPS. The business'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. 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 given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Monday, September 15th. American Homes 4 Rent's dividend payout ratio is 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.