Raymond James Financial Inc. Cuts Stock Position in American Homes 4 Rent $AMH

Key Points

• Raymond James Financial Inc. reduced its stake in American Homes 4 Rent by 8.0%, holding approximately $6.34 million worth of shares after selling 14,612 during the 1st quarter.
• American Homes 4 Rent reported a quarterly revenue of $457.5 million, exceeding analysts' expectations, and demonstrated a net margin of 23.72% and a year-over-year revenue growth of 8.0%.
• The company announced a quarterly dividend of $0.30 per share, resulting in an annualized dividend of $1.20 and a dividend yield of 3.5%.

Raymond James Financial Inc. decreased its holdings in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 8.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 167,662 shares of the real estate investment trust's stock after selling 14,612 shares during the quarter. Raymond James Financial Inc.'s holdings in American Homes 4 Rent were worth $6,339,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of AMH. Cresset Asset Management LLC lifted its position in shares of American Homes 4 Rent by 25.3% during the 1st quarter. Cresset Asset Management LLC now owns 14,800 shares of the real estate investment trust's stock valued at $560,000 after buying an additional 2,991 shares in the last quarter. Aberdeen Group plc boosted its stake in shares of American Homes 4 Rent by 6.1% during the first quarter. Aberdeen Group plc now owns 113,023 shares of the real estate investment trust's stock valued at $4,273,000 after acquiring an additional 6,494 shares during the last quarter. Sei Investments Co. grew its position in American Homes 4 Rent by 0.4% during the first quarter. Sei Investments Co. now owns 1,218,884 shares of the real estate investment trust's stock valued at $45,615,000 after acquiring an additional 5,153 shares during the period. Cookson Peirce & Co. Inc. lifted its stake in shares of American Homes 4 Rent by 15.5% in the first quarter. Cookson Peirce & Co. Inc. now owns 14,359 shares of the real estate investment trust's stock worth $543,000 after acquiring an additional 1,927 shares in the last quarter. Finally, Vestmark Advisory Solutions Inc. lifted its stake in American Homes 4 Rent by 73.2% in the first quarter. Vestmark Advisory Solutions Inc. now owns 22,280 shares of the real estate investment trust's stock valued at $842,000 after buying an additional 9,413 shares during the last quarter. 91.87% of the stock is owned by hedge funds and other institutional investors.

American Homes 4 Rent Stock Down 0.4%

AMH traded down $0.16 on Monday, reaching $34.70. The company's stock had a trading volume of 1,284,661 shares, compared to its average volume of 2,230,783. 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 current ratio of 0.88 and a quick ratio of 0.88. The stock has a market cap of $12.87 billion, a price-to-earnings ratio of 31.25, a price-to-earnings-growth ratio of 2.94 and a beta of 0.75. The business's 50 day moving average is $35.40 and its 200 day moving average is $36.26.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last announced its quarterly 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 business had revenue of $457.50 million during 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 firm'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. As a group, research analysts forecast that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

American Homes 4 Rent Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders 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 dividend yield of 3.5%. The ex-dividend date is Monday, September 15th. American Homes 4 Rent's payout ratio is 108.11%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Citigroup downgraded shares of American Homes 4 Rent from a "buy" rating to a "neutral" rating and set a $41.00 price target for the company. in a report on Friday, June 6th. Scotiabank boosted their price objective on shares of American Homes 4 Rent from $38.00 to $41.00 and gave the company a "sector perform" rating in a research report on Monday, May 12th. Morgan Stanley upped their price objective on shares of American Homes 4 Rent from $40.50 to $41.00 and gave the company an "overweight" rating in a report on Tuesday, August 19th. Finally, Barclays cut their price objective on shares of American Homes 4 Rent from $40.00 to $39.00 and set an "equal weight" rating for the company in a report on Tuesday, August 12th. Six equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $40.42.

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 dated 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 completion of the transaction, the director directly owned 15,000 shares in the company, valued at approximately $343,950. The trade was a 36.36% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 6.01% of the company's stock.

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.