Price T Rowe Associates Inc. MD Has $281.68 Million Stock Holdings in American Homes 4 Rent $AMH

Key Points

• Price T Rowe Associates Inc. MD has reduced its stake in American Homes 4 Rent by 14.6%, selling 1,271,534 shares, resulting in ownership of 7,449,822 shares worth approximately $281.68 million.
• Several other institutional investors also increased their stakes in American Homes 4 Rent, with JPMorgan Chase & Co. raising its position by 15.2% and now owning 15,899,721 shares.
• The company recently announced a quarterly dividend of $0.30, which equates to an annualized yield of 3.4%, with a payout ratio of 108.11%.

Price T Rowe Associates Inc. MD trimmed its holdings in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 14.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,449,822 shares of the real estate investment trust's stock after selling 1,271,534 shares during the quarter. Price T Rowe Associates Inc. MD owned about 2.01% of American Homes 4 Rent worth $281,680,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the company. GF Fund Management CO. LTD. increased its holdings in American Homes 4 Rent by 5.1% in the 1st quarter. GF Fund Management CO. LTD. now owns 6,288 shares of the real estate investment trust's stock valued at $238,000 after buying an additional 304 shares during the period. Arizona State Retirement System increased its holdings in American Homes 4 Rent by 0.4% in the 1st quarter. Arizona State Retirement System now owns 96,005 shares of the real estate investment trust's stock valued at $3,630,000 after buying an additional 366 shares during the period. Avantax Advisory Services Inc. increased its holdings in American Homes 4 Rent by 1.1% in the 1st quarter. Avantax Advisory Services Inc. now owns 34,995 shares of the real estate investment trust's stock valued at $1,323,000 after buying an additional 391 shares during the period. Tidal Investments LLC increased its holdings in American Homes 4 Rent by 2.8% in the 4th quarter. Tidal Investments LLC now owns 16,926 shares of the real estate investment trust's stock valued at $633,000 after buying an additional 469 shares during the period. Finally, Parallel Advisors LLC increased its holdings in American Homes 4 Rent by 171.1% in the 1st quarter. Parallel Advisors LLC now owns 843 shares of the real estate investment trust's stock valued at $32,000 after buying an additional 532 shares during the period. 91.87% of the stock is owned by institutional investors.

American Homes 4 Rent Price Performance

Shares of AMH traded up $0.48 during mid-day trading on Wednesday, reaching $35.57. The company had a trading volume of 2,289,439 shares, compared to its average volume of 2,217,351. The company's 50 day simple moving average is $35.59 and its 200 day simple moving average is $36.27. American Homes 4 Rent has a 1-year low of $31.68 and a 1-year high of $41.41. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.88 and a current ratio of 0.88. The company has a market capitalization of $13.19 billion, a price-to-earnings ratio of 32.04, a P/E/G ratio of 2.98 and a beta of 0.72.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last posted its 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 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 the consensus estimate of $451.50 million. During the same period last year, the company earned $0.45 EPS. The firm'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. Analysts expect that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Dividend Announcement

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 given 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 (DPR) is currently 108.11%.

Insider Buying and Selling

In other American Homes 4 Rent news, Director Jack E. Corrigan bought 4,000 shares of the business's stock in a transaction that occurred on Thursday, June 12th. The shares were acquired at an average cost of $22.93 per share, for a total transaction 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 ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.01% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on AMH shares. Evercore ISI raised their target price on shares of American Homes 4 Rent from $40.00 to $41.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Barclays decreased 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. Keefe, Bruyette & Woods raised their price target 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. Wall Street Zen upgraded shares of American Homes 4 Rent from a "sell" rating to a "hold" rating in a research note on Tuesday, May 6th. Finally, Citigroup downgraded shares of American Homes 4 Rent from a "buy" rating to a "neutral" rating and set a $41.00 price target on the stock. in a research note on Friday, June 6th. Seven analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target 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.