New Age Alpha Advisors LLC Decreases Stock Holdings in American Homes 4 Rent (NYSE:AMH)

Key Points

• New Age Alpha Advisors LLC reduced its stake in American Homes 4 Rent by 25.0%, now owning approximately 259,042 shares valued at about $9.79 million.
• Several hedge funds increased or initiated stakes in American Homes 4 Rent in Q1, with notable increases from Parallel Advisors LLC and new investments from multiple firms totaling around $153,000.
• American Homes 4 Rent reported quarterly earnings of $0.47 EPS, surpassing estimates, alongside a declared quarterly dividend of $0.30 per share, reflecting a 3.4% yield.

New Age Alpha Advisors LLC reduced its stake in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 25.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 259,042 shares of the real estate investment trust's stock after selling 86,383 shares during the quarter. New Age Alpha Advisors LLC owned approximately 0.07% of American Homes 4 Rent worth $9,794,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Golden State Wealth Management LLC purchased a new stake in shares of American Homes 4 Rent during the 1st quarter worth $29,000. Parallel Advisors LLC lifted its stake in shares of American Homes 4 Rent by 171.1% during 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. Opal Wealth Advisors LLC purchased a new stake in shares of American Homes 4 Rent during the 1st quarter worth $42,000. Avalon Trust Co purchased a new stake in shares of American Homes 4 Rent during the 1st quarter worth $52,000. Finally, Bellwether Advisors LLC purchased a new stake in shares of American Homes 4 Rent during the 4th quarter worth $56,000. 91.87% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Keefe, Bruyette & Woods upped their target price on American Homes 4 Rent from $38.00 to $40.00 and gave the company a "market perform" rating in a research report on Tuesday, May 6th. Wall Street Zen raised American Homes 4 Rent from a "sell" rating to a "hold" rating in a research report on Tuesday, May 6th. Scotiabank upped their target price on American Homes 4 Rent from $38.00 to $41.00 and gave the company a "sector perform" rating in a research report on Monday, May 12th. Evercore ISI upped their target price on American Homes 4 Rent from $40.00 to $41.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. Finally, Morgan Stanley upped their target price on American Homes 4 Rent from $39.00 to $40.50 and gave the company an "overweight" rating in a research report on Thursday, May 22nd. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $40.90.

Insider Transactions at American Homes 4 Rent

In other American Homes 4 Rent news, Director Jack E. Corrigan purchased 4,000 shares of the stock in a transaction on Thursday, June 12th. The shares were bought at an average price of $22.93 per share, for a total transaction of $91,720.00. Following the completion of the transaction, the director owned 15,000 shares of the company's stock, valued at $343,950. This trade represents a 36.36% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 6.01% of the company's stock.

American Homes 4 Rent Stock Performance

Shares of AMH stock opened at $35.49 on Tuesday. The company has a market capitalization of $13.14 billion, a P/E ratio of 31.97, a P/E/G ratio of 3.66 and a beta of 0.72. The business's 50 day moving average is $36.27 and its two-hundred day moving average is $36.29. The company has a current ratio of 0.88, a quick ratio of 0.52 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 $41.41.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.46 by $0.01. The company had revenue of $457.50 million for the quarter, compared to the consensus estimate of $451.50 million. American Homes 4 Rent had a return on equity of 5.60% and a net margin of 23.72%. American Homes 4 Rent's revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.45 earnings per share. Analysts expect that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were given a dividend of $0.30 per share. The ex-dividend date was Friday, June 13th. This represents a $1.20 dividend on an annualized basis and a yield of 3.4%. American Homes 4 Rent's dividend payout ratio is currently 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.

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