Nomura Holdings Inc. Sells 60,070 Shares of 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. lowered its stake in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 78.5% in the first quarter, according to its most recent 13F filing 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 and hedge funds have also modified their holdings of the stock. JPMorgan Chase & Co. lifted its stake in American Homes 4 Rent by 15.2% in the first quarter. JPMorgan Chase & Co. now owns 15,899,721 shares of the real estate investment trust's stock valued at $601,169,000 after acquiring an additional 2,094,497 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of American Homes 4 Rent by 0.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,366,860 shares of the real estate investment trust's stock valued at $165,111,000 after purchasing an additional 32,825 shares during the last quarter. Northern Trust Corp boosted its holdings in American Homes 4 Rent by 2.0% in the first quarter. Northern Trust Corp now owns 4,268,625 shares of the real estate investment trust's stock worth $161,397,000 after purchasing an additional 85,084 shares in the last quarter. Burgundy Asset Management Ltd. increased its position in American Homes 4 Rent by 6.9% during the first quarter. Burgundy Asset Management Ltd. now owns 4,111,296 shares of the real estate investment trust's stock worth $155,448,000 after buying an additional 266,744 shares during the last quarter. Finally, Deutsche Bank AG raised its holdings in American Homes 4 Rent by 336.7% during the first quarter. Deutsche Bank AG now owns 3,079,945 shares of the real estate investment trust's stock valued at $116,453,000 after buying an additional 2,374,678 shares in the last quarter. 91.87% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Jack E. Corrigan purchased 4,000 shares of American Homes 4 Rent stock in a transaction on Thursday, June 12th. The stock was purchased at an average cost of $22.93 per share, with a total value of $91,720.00. Following the acquisition, the director directly owned 15,000 shares in the company, valued at approximately $343,950. This trade represents a 36.36% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 6.32% of the stock is currently owned by insiders.

American Homes 4 Rent Stock Performance

NYSE:AMH traded down $0.49 during mid-day trading on Wednesday, hitting $34.15. 2,329,477 shares of the company's stock traded hands, compared to its average volume of 2,221,971. The firm has a market capitalization of $12.67 billion, a price-to-earnings ratio of 30.76, a price-to-earnings-growth ratio of 2.92 and a beta of 0.75. The firm has a 50 day moving average of $35.32 and a two-hundred day moving average of $36.24. The company has a current ratio of 0.88, a quick 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 $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 EPS for the quarter, topping the consensus estimate 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 company had revenue of $457.50 million for the quarter, compared to the consensus estimate of $451.50 million. During the same period in the previous year, the business posted $0.45 EPS. The company's revenue for the quarter 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 earnings per share for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.5%. The ex-dividend date is Monday, September 15th. American Homes 4 Rent's dividend payout ratio is presently 108.11%.

Analyst Ratings Changes

Several analysts have recently issued reports on AMH shares. 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 research note on Friday, June 6th. Barclays decreased their target price on American Homes 4 Rent from $40.00 to $39.00 and set an "equal weight" rating for the company in a research report on Tuesday, August 12th. Finally, Morgan Stanley lifted 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 analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $40.42.

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.