Nomura Holdings Inc. Has $623,000 Stock Position in American Homes 4 Rent $AMH

Key Points

• Nomura Holdings Inc. reduced its stake in American Homes 4 Rent by 78.5%, selling 60,070 shares to own only 16,475 shares valued at $623,000.
• Director Jack E. Corrigan purchased 4,000 shares of American Homes 4 Rent, increasing his ownership by 36.36% to a total of 15,000 shares.
• The company recently announced a quarterly dividend of $0.30 per share, with a yield of 3.5%, though its payout ratio is notably high at 108.11%.

Nomura Holdings Inc. reduced its stake in American Homes 4 Rent (NYSE:AMH - Free Report) by 78.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,475 shares of the real estate investment trust's stock after selling 60,070 shares during the period. Nomura Holdings Inc.'s holdings in American Homes 4 Rent were worth $623,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in AMH. Golden State Wealth Management LLC bought a new stake in shares of American Homes 4 Rent in the 1st quarter worth approximately $29,000. Parallel Advisors LLC increased its position in American Homes 4 Rent by 171.1% in the first quarter. Parallel Advisors LLC now owns 843 shares of the real estate investment trust's stock worth $32,000 after buying an additional 532 shares during the period. Pandora Wealth Inc. bought a new stake in American Homes 4 Rent in the first quarter valued at $38,000. Opal Wealth Advisors LLC bought a new position in shares of American Homes 4 Rent during the first quarter worth about $42,000. Finally, SVB Wealth LLC acquired a new stake in shares of American Homes 4 Rent in the 1st quarter worth about $42,000. 91.87% of the stock is owned by institutional investors.

Insider Buying and Selling

In other American Homes 4 Rent news, Director Jack E. Corrigan purchased 4,000 shares of the business'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 acquisition, the director owned 15,000 shares of the company's stock, valued at $343,950. The trade was a 36.36% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 6.32% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on AMH shares. Morgan Stanley boosted their target price on shares of American Homes 4 Rent from $40.50 to $41.00 and gave the company an "overweight" rating in a research note on Tuesday, August 19th. Scotiabank boosted their price objective on American Homes 4 Rent from $38.00 to $41.00 and gave the stock a "sector perform" rating in a research report on Monday, May 12th. Citigroup cut American Homes 4 Rent from a "buy" rating to a "neutral" rating and set a $41.00 target price on the stock. in a research report on Friday, June 6th. Finally, Barclays cut 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. Six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $40.42.

American Homes 4 Rent Price Performance

Shares of NYSE AMH traded up $0.23 during mid-day trading on Friday, reaching $34.85. 4,256,682 shares of the company traded hands, compared to its average volume of 1,961,513. 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 cap of $12.92 billion, a PE ratio of 31.39, a price-to-earnings-growth ratio of 2.94 and a beta of 0.75. The stock has a fifty day simple moving average of $35.40 and a 200-day simple moving average of $36.26. 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 (EPS) for the quarter, beating 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 analyst estimates of $451.50 million. During the same period last year, the company posted $0.45 EPS. The firm's quarterly 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. Equities research analysts anticipate that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Monday, September 15th. American Homes 4 Rent's payout ratio is presently 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.