Millennium Management LLC Has $59 Million Holdings in American Homes 4 Rent $AMH

Millennium Management LLC lessened its stake in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 16.1% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,560,413 shares of the real estate investment trust's stock after selling 298,702 shares during the quarter. Millennium Management LLC owned approximately 0.42% of American Homes 4 Rent worth $58,999,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of AMH. Ameriprise Financial Inc. grew its stake in shares of American Homes 4 Rent by 1.1% in the fourth quarter. Ameriprise Financial Inc. now owns 618,162 shares of the real estate investment trust's stock worth $23,132,000 after purchasing an additional 6,787 shares during the last quarter. Bank of America Corp DE grew its stake in shares of American Homes 4 Rent by 15.7% in the fourth quarter. Bank of America Corp DE now owns 1,178,237 shares of the real estate investment trust's stock worth $44,090,000 after purchasing an additional 159,954 shares during the last quarter. Captrust Financial Advisors grew its stake in shares of American Homes 4 Rent by 58.0% in the fourth quarter. Captrust Financial Advisors now owns 20,174 shares of the real estate investment trust's stock worth $755,000 after purchasing an additional 7,402 shares during the last quarter. Cresset Asset Management LLC bought a new stake in shares of American Homes 4 Rent in the fourth quarter worth $442,000. Finally, Ensign Peak Advisors Inc grew its stake in shares of American Homes 4 Rent by 31.5% in the fourth quarter. Ensign Peak Advisors Inc now owns 148,556 shares of the real estate investment trust's stock worth $5,559,000 after purchasing an additional 35,609 shares during the last quarter. Institutional investors own 91.87% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Citigroup cut shares of American Homes 4 Rent from a "buy" rating to a "neutral" rating and set a $41.00 price objective on the stock. in a research note on Friday, June 6th. Barclays cut 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 upped 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. According to data from MarketBeat.com, American Homes 4 Rent currently has an average rating of "Moderate Buy" and an average target price of $40.42.

American Homes 4 Rent Stock Down 1.5%

Shares of NYSE AMH traded down $0.51 during trading on Friday, hitting $34.11. 2,753,156 shares of the company traded hands, compared to its average volume of 2,251,574. The business's fifty day moving average is $35.26 and its 200 day moving average is $36.24. American Homes 4 Rent has a fifty-two week low of $31.68 and a fifty-two week high of $41.41. The firm has a market capitalization of $12.65 billion, a price-to-earnings ratio of 30.73, a P/E/G ratio of 2.92 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 data on Thursday, July 31st. The real estate investment trust reported $0.47 earnings per share 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 firm had revenue of $457.50 million for the quarter, compared to analyst estimates of $451.50 million. During the same quarter in the prior year, the business earned $0.45 earnings per share. The business's quarterly 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 Dividend Announcement

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 issued a dividend of $0.30 per share. 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 is currently 108.11%.

American Homes 4 Rent Company 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.