Raymond James Financial Inc. Has $6.34 Million Stake 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. cut its stake in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 8.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 167,662 shares of the real estate investment trust's stock after selling 14,612 shares during the period. Raymond James Financial Inc.'s holdings in American Homes 4 Rent were worth $6,339,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of American Homes 4 Rent by 16.0% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 103,691 shares of the real estate investment trust's stock worth $3,921,000 after purchasing an additional 14,278 shares during the period. Asset Management One Co. Ltd. increased its holdings in shares of American Homes 4 Rent by 3.4% during the first quarter. Asset Management One Co. Ltd. now owns 688,009 shares of the real estate investment trust's stock worth $26,014,000 after purchasing an additional 22,391 shares during the period. Cerity Partners LLC increased its holdings in shares of American Homes 4 Rent by 152.4% during the first quarter. Cerity Partners LLC now owns 43,157 shares of the real estate investment trust's stock worth $1,632,000 after purchasing an additional 26,057 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in American Homes 4 Rent by 27.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,587 shares of the real estate investment trust's stock valued at $511,000 after acquiring an additional 2,930 shares during the last quarter. Finally, Lighthouse Investment Partners LLC increased its stake in American Homes 4 Rent by 34.3% in the fourth quarter. Lighthouse Investment Partners LLC now owns 288,793 shares of the real estate investment trust's stock valued at $10,807,000 after acquiring an additional 73,793 shares during the last quarter. 91.87% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AMH has been the topic of a number of recent analyst reports. Scotiabank lifted 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 note on Monday, May 12th. Citigroup cut shares of American Homes 4 Rent from a "buy" rating to a "neutral" rating and set a $41.00 price objective on the stock. in a research note on Friday, June 6th. Barclays decreased 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 note on Tuesday, August 12th. Finally, Morgan Stanley lifted 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 research note on Tuesday, August 19th. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat, American Homes 4 Rent currently has a consensus rating of "Moderate Buy" and a consensus price target of $40.42.

American Homes 4 Rent Price Performance

American Homes 4 Rent stock traded up $0.07 during mid-day trading on Tuesday, reaching $34.78. The company had a trading volume of 322,531 shares, compared to its average volume of 2,227,160. American Homes 4 Rent has a fifty-two week low of $31.68 and a fifty-two week high of $41.41. 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 company has a market cap of $12.90 billion, a P/E ratio of 31.31, a P/E/G ratio of 2.94 and a beta of 0.75. The business has a fifty day simple moving average of $35.37 and a 200 day simple moving average of $36.26.

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 analysts' consensus estimates of $0.46 by $0.01. The company had revenue of $457.50 million for the quarter, compared to analyst estimates of $451.50 million. American Homes 4 Rent had a net margin of 23.72% and a return on equity of 5.60%. American Homes 4 Rent's revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.45 earnings per share. American Homes 4 Rent has set its FY 2025 guidance at 1.840-1.880 EPS. On average, equities research analysts predict that American Homes 4 Rent will post 1.85 earnings per share 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. 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%.

Insider Activity at American Homes 4 Rent

In other American Homes 4 Rent news, Director Jack E. Corrigan purchased 4,000 shares of the business's stock in a transaction dated Thursday, June 12th. The shares were bought at an average price of $22.93 per share, for a total transaction of $91,720.00. Following the completion of the acquisition, 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 6.32% of the company's stock.

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.