Knights of Columbus Asset Advisors LLC Sells 40,152 Shares of American Homes 4 Rent $AMH

Key Points

• Knights of Columbus Asset Advisors LLC reduced its stake in American Homes 4 Rent by 43.9%, selling 40,152 shares to hold a total of 51,330 shares valued at $1.85 million.
• Institutional investors collectively own 91.87% of American Homes 4 Rent, with several firms, such as Robeco Institutional Asset Management and UMB Bank, increasing their holdings in the second quarter.
• American Homes 4 Rent recently reported an EPS of $0.47 for the last quarter, surpassing the estimate by $0.01, and announced a quarterly dividend of $0.30 per share, reflecting a 3.7% dividend yield.

Knights of Columbus Asset Advisors LLC lowered its position in American Homes 4 Rent (NYSE:AMH - Free Report) by 43.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 51,330 shares of the real estate investment trust's stock after selling 40,152 shares during the quarter. Knights of Columbus Asset Advisors LLC's holdings in American Homes 4 Rent were worth $1,851,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Robeco Institutional Asset Management B.V. increased its holdings in shares of American Homes 4 Rent by 15.0% in the second quarter. Robeco Institutional Asset Management B.V. now owns 255,279 shares of the real estate investment trust's stock worth $9,208,000 after purchasing an additional 33,344 shares during the period. Public Employees Retirement System of Ohio increased its holdings in shares of American Homes 4 Rent by 3.0% in the second quarter. Public Employees Retirement System of Ohio now owns 568,908 shares of the real estate investment trust's stock worth $20,521,000 after purchasing an additional 16,644 shares during the period. GAMMA Investing LLC increased its stake in American Homes 4 Rent by 18.0% in the second quarter. GAMMA Investing LLC now owns 3,849 shares of the real estate investment trust's stock valued at $139,000 after acquiring an additional 588 shares during the last quarter. Park Avenue Securities LLC increased its stake in American Homes 4 Rent by 17.4% in the second quarter. Park Avenue Securities LLC now owns 7,707 shares of the real estate investment trust's stock valued at $278,000 after acquiring an additional 1,142 shares during the last quarter. Finally, UMB Bank n.a. increased its stake in American Homes 4 Rent by 20.2% in the second quarter. UMB Bank n.a. now owns 3,915 shares of the real estate investment trust's stock valued at $141,000 after acquiring an additional 657 shares during the last quarter. Institutional investors own 91.87% of the company's stock.

American Homes 4 Rent Stock Performance

NYSE AMH opened at $32.47 on Tuesday. The company has a 50-day simple moving average of $34.32 and a two-hundred day simple moving average of $35.88. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.66. American Homes 4 Rent has a 12-month low of $31.68 and a 12-month high of $39.49. The firm has a market cap of $12.04 billion, a price-to-earnings ratio of 29.25, a PEG ratio of 2.75 and a beta of 0.75.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.47 earnings per share (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 business had revenue of $457.50 million during the quarter, compared to analyst estimates of $451.50 million. During the same period in the prior year, the business posted $0.45 earnings per share. The company'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. On average, equities analysts forecast that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date was Monday, September 15th. American Homes 4 Rent's dividend payout ratio is currently 108.11%.

Wall Street Analyst Weigh In

AMH has been the topic of a number of research analyst reports. The Goldman Sachs Group cut American Homes 4 Rent from a "buy" rating to a "neutral" rating and reduced their target price for the company from $43.00 to $37.00 in a research note on Wednesday, September 17th. 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 research note on Monday, September 15th. Wolfe Research raised American Homes 4 Rent from a "peer perform" rating to an "outperform" rating and set a $38.00 target price on the stock in a research note on Thursday, October 2nd. Barclays reduced 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 note on Tuesday, August 12th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of American Homes 4 Rent in a research note on Saturday, September 27th. Seven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $39.69.

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.

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