American Homes 4 Rent (NYSE:AMH) Shares Sold by New Age Alpha Advisors LLC

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 1st 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 period. New Age Alpha Advisors LLC owned 0.07% of American Homes 4 Rent worth $9,794,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of AMH. Orion Portfolio Solutions LLC raised its position in shares of American Homes 4 Rent by 23.0% during the 4th quarter. Orion Portfolio Solutions LLC now owns 7,417 shares of the real estate investment trust's stock worth $278,000 after purchasing an additional 1,385 shares during the last quarter. Alliancebernstein L.P. raised its holdings in American Homes 4 Rent by 11.1% in the 4th quarter. Alliancebernstein L.P. now owns 561,638 shares of the real estate investment trust's stock valued at $21,016,000 after acquiring an additional 56,006 shares during the last quarter. National Bank of Canada FI raised its holdings in American Homes 4 Rent by 3,140.9% in the 4th quarter. National Bank of Canada FI now owns 44,076 shares of the real estate investment trust's stock valued at $1,649,000 after acquiring an additional 42,716 shares during the last quarter. Resona Asset Management Co. Ltd. acquired a new position in American Homes 4 Rent in the 4th quarter valued at $6,515,000. Finally, Quadrant Capital Group LLC raised its holdings in American Homes 4 Rent by 11.9% in the 4th quarter. Quadrant Capital Group LLC now owns 3,532 shares of the real estate investment trust's stock valued at $132,000 after acquiring an additional 376 shares during the last quarter. 91.87% of the stock is currently owned by institutional investors and hedge funds.

American Homes 4 Rent Stock Down 1.0%

American Homes 4 Rent stock traded down $0.34 during trading on Friday, reaching $34.41. 1,218,131 shares of the company's stock were exchanged, compared to its average volume of 2,108,573. The company's 50-day moving average is $36.05 and its two-hundred day moving average is $36.26. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.52 and a current ratio of 0.88. American Homes 4 Rent has a 52-week low of $31.68 and a 52-week high of $41.41. The firm has a market cap of $12.76 billion, a price-to-earnings ratio of 31.00, a PEG ratio of 3.61 and a beta of 0.72.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last announced 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. The firm had revenue of $457.50 million during the quarter, compared to analysts' expectations of $451.50 million. American Homes 4 Rent had a net margin of 23.72% and a return on equity of 5.60%. The firm's revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.45 EPS. On average, analysts predict that American Homes 4 Rent will post 1.85 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AMH has been the subject of several analyst reports. 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 report on Friday, June 6th. Royal Bank Of Canada boosted their price target on American Homes 4 Rent from $39.00 to $41.00 and gave the company an "outperform" rating in a report on Monday, May 5th. Wall Street Zen upgraded American Homes 4 Rent from a "sell" rating to a "hold" rating in a report on Tuesday, May 6th. Keefe, Bruyette & Woods boosted their price objective on shares of American Homes 4 Rent from $38.00 to $40.00 and gave the company a "market perform" rating in a research note on Tuesday, May 6th. Finally, Evercore ISI boosted their price objective on shares of American Homes 4 Rent from $40.00 to $41.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $40.90.

Insiders Place Their Bets

In other news, Director Jack E. Corrigan acquired 4,000 shares of the firm's stock in a transaction on Thursday, June 12th. The stock was bought at an average cost of $22.93 per share, with a total value of $91,720.00. Following the transaction, the director directly owned 15,000 shares in the company, valued at approximately $343,950. This represents a 36.36% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 6.32% of the stock is currently owned by insiders.

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.