Northern Trust Corp Has $161.40 Million Position in American Homes 4 Rent $AMH

Key Points

• Northern Trust Corp increased its stake in American Homes 4 Rent by 2.0%, now owning approximately 1.15% of the company valued at $161.40 million.
• American Homes 4 Rent reported earnings of $0.47 EPS for the last quarter, surpassing analysts' estimates and showing an 8.0% revenue increase year-over-year.
• The company recently declared a $0.30 per share quarterly dividend, with a yield of 3.4% and a payout ratio of 108.11%.

Northern Trust Corp increased its stake in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 2.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,268,625 shares of the real estate investment trust's stock after purchasing an additional 85,084 shares during the quarter. Northern Trust Corp owned approximately 1.15% of American Homes 4 Rent worth $161,397,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in AMH. GF Fund Management CO. LTD. raised its position in American Homes 4 Rent by 5.1% during the first quarter. GF Fund Management CO. LTD. now owns 6,288 shares of the real estate investment trust's stock valued at $238,000 after acquiring an additional 304 shares in the last quarter. Arizona State Retirement System raised its position in American Homes 4 Rent by 0.4% during the first quarter. Arizona State Retirement System now owns 96,005 shares of the real estate investment trust's stock valued at $3,630,000 after acquiring an additional 366 shares in the last quarter. Avantax Advisory Services Inc. raised its position in American Homes 4 Rent by 1.1% during the first quarter. Avantax Advisory Services Inc. now owns 34,995 shares of the real estate investment trust's stock valued at $1,323,000 after acquiring an additional 391 shares in the last quarter. Tidal Investments LLC raised its position in American Homes 4 Rent by 2.8% during the fourth quarter. Tidal Investments LLC now owns 16,926 shares of the real estate investment trust's stock valued at $633,000 after acquiring an additional 469 shares in the last quarter. Finally, Parallel Advisors LLC raised its position in American Homes 4 Rent by 171.1% during the first quarter. Parallel Advisors LLC now owns 843 shares of the real estate investment trust's stock valued at $32,000 after acquiring an additional 532 shares in the last quarter. 91.87% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other American Homes 4 Rent news, Director Jack E. Corrigan purchased 4,000 shares of the firm's stock in a transaction on Thursday, June 12th. The shares were purchased at an average price of $22.93 per share, for a total transaction of $91,720.00. Following the completion of the purchase, the director directly owned 15,000 shares of the company's stock, valued at approximately $343,950. This represents a 36.36% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.32% of the stock is owned by corporate insiders.

American Homes 4 Rent Trading Up 1.4%

NYSE:AMH opened at $35.7330 on Friday. American Homes 4 Rent has a 12 month low of $31.68 and a 12 month high of $41.41. The firm has a market cap of $13.25 billion, a price-to-earnings ratio of 32.19, a P/E/G ratio of 2.98 and a beta of 0.72. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.66. The company's 50 day moving average is $35.63 and its 200-day moving average is $36.27.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last announced its 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. American Homes 4 Rent had a net margin of 23.72% and a return on equity of 5.60%. The business had revenue of $457.50 million for the quarter, compared to analyst estimates of $451.50 million. During the same quarter in the previous year, the firm posted $0.45 earnings per share. American Homes 4 Rent's 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 analysts anticipate that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a dividend of $0.30 per share. The ex-dividend date is Monday, September 15th. This represents a $1.20 dividend on an annualized basis and a yield of 3.4%. American Homes 4 Rent's payout ratio is currently 108.11%.

Wall Street Analyst Weigh In

AMH has been the topic of several recent research reports. Raymond James Financial raised their price objective on shares of American Homes 4 Rent from $39.00 to $43.00 and gave the company an "outperform" rating in a research report on Friday, May 9th. Keefe, Bruyette & Woods raised 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 report on Tuesday, May 6th. Barclays cut their price objective 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. Royal Bank Of Canada lifted their price target on shares of American Homes 4 Rent from $39.00 to $41.00 and gave the company an "outperform" rating in a research report on Monday, May 5th. 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. Eight equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $41.07.

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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