Northern Trust Corp Buys 85,084 Shares of 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 grew its stake in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 2.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,268,625 shares of the real estate investment trust's stock after buying an additional 85,084 shares during the period. Northern Trust Corp owned approximately 1.15% of American Homes 4 Rent worth $161,397,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of AMH. JPMorgan Chase & Co. boosted its stake in American Homes 4 Rent by 15.2% during the 1st quarter. JPMorgan Chase & Co. now owns 15,899,721 shares of the real estate investment trust's stock worth $601,169,000 after acquiring an additional 2,094,497 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in American Homes 4 Rent by 8.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 8,721,356 shares of the real estate investment trust's stock worth $326,355,000 after purchasing an additional 675,077 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in American Homes 4 Rent by 0.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 4,366,860 shares of the real estate investment trust's stock worth $165,111,000 after purchasing an additional 32,825 shares during the period. Burgundy Asset Management Ltd. boosted its position in shares of 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 purchasing an additional 266,744 shares in the last quarter. Finally, Deutsche Bank AG grew its holdings in shares of American Homes 4 Rent by 336.7% in the 1st 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 during the period. 91.87% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other American Homes 4 Rent news, Director Jack E. Corrigan bought 4,000 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The stock was acquired at an average price of $22.93 per share, with a total value of $91,720.00. Following the completion of the transaction, the director 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 6.32% of the company's stock.

American Homes 4 Rent Stock Down 0.6%

Shares of AMH stock traded down $0.20 on Thursday, hitting $35.35. 250,609 shares of the stock were exchanged, compared to its average volume of 2,205,050. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $13.11 billion, a P/E ratio of 31.84, a price-to-earnings-growth ratio of 2.96 and a beta of 0.72. American Homes 4 Rent has a fifty-two week low of $31.68 and a fifty-two week high of $41.41. The business has a 50-day moving average of $35.57 and a 200 day moving average of $36.27.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last released its earnings results on Thursday, July 31st. The real estate investment trust reported $0.47 EPS for the quarter, beating 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 firm had revenue of $457.50 million for the quarter, compared to analysts' expectations of $451.50 million. During the same quarter in the previous year, the business posted $0.45 EPS. The business's quarterly 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 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. The ex-dividend date is Monday, September 15th. This represents a $1.20 annualized dividend and a yield of 3.4%. American Homes 4 Rent's dividend payout ratio is presently 108.11%.

Analysts Set New Price Targets

Several analysts recently commented on the company. Keefe, Bruyette & Woods raised their price objective on American Homes 4 Rent from $38.00 to $40.00 and gave the stock a "market perform" rating in a research note 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. Evercore ISI lifted their price objective on American Homes 4 Rent from $40.00 to $41.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Royal Bank Of Canada increased their target price on American Homes 4 Rent from $39.00 to $41.00 and gave the stock an "outperform" rating in a research note on Monday, May 5th. Finally, Barclays dropped their target price on shares of American Homes 4 Rent from $40.00 to $39.00 and set an "equal weight" rating on the stock in a report on Tuesday, August 12th. Seven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $41.00.

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.