State of Wyoming Sells 10,173 Shares of American Homes 4 Rent $AMH

Key Points

• The State of Wyoming reduced its holdings in American Homes 4 Rent by 79.9%, owning 2,553 shares worth $97,000 after selling 10,173 shares in the first quarter.
• Several other institutional investors, including Sumitomo Mitsui DS Asset Management and Cerity Partners LLC, have increased their stakes in American Homes 4 Rent during the same period.
• American Homes 4 Rent announced a quarterly dividend of $0.30 per share, representing an annualized yield of 3.4%, with the payout scheduled for September 30th.

State of Wyoming cut its stake in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 79.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,553 shares of the real estate investment trust's stock after selling 10,173 shares during the period. State of Wyoming's holdings in American Homes 4 Rent were worth $97,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of AMH. Ameriprise Financial Inc. raised its position in shares of American Homes 4 Rent by 1.1% during the fourth quarter. Ameriprise Financial Inc. now owns 618,162 shares of the real estate investment trust's stock worth $23,132,000 after purchasing an additional 6,787 shares during the period. Bank of America Corp DE raised its position in shares of American Homes 4 Rent by 15.7% during the fourth quarter. Bank of America Corp DE now owns 1,178,237 shares of the real estate investment trust's stock worth $44,090,000 after purchasing an additional 159,954 shares during the period. Captrust Financial Advisors raised its position in shares of American Homes 4 Rent by 58.0% during the fourth quarter. Captrust Financial Advisors now owns 20,174 shares of the real estate investment trust's stock worth $755,000 after purchasing an additional 7,402 shares during the period. Cresset Asset Management LLC acquired a new stake in shares of American Homes 4 Rent during the fourth quarter worth $442,000. Finally, Ensign Peak Advisors Inc raised its position in shares of American Homes 4 Rent by 31.5% during the fourth quarter. Ensign Peak Advisors Inc now owns 148,556 shares of the real estate investment trust's stock worth $5,559,000 after purchasing an additional 35,609 shares during the period. 91.87% of the stock is owned by institutional investors and hedge funds.

American Homes 4 Rent Stock Down 1.5%

NYSE AMH traded down $0.51 on Friday, reaching $34.11. The stock had a trading volume of 2,753,156 shares, compared to its average volume of 2,251,574. The business has a 50 day moving average price of $35.26 and a 200 day moving average price of $36.23. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.66. American Homes 4 Rent has a 1 year low of $31.68 and a 1 year high of $41.41. The company has a market capitalization of $12.65 billion, a price-to-earnings ratio of 30.73, a P/E/G ratio of 2.92 and a beta of 0.75.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last issued its earnings results on Thursday, July 31st. The real estate investment trust reported $0.47 EPS for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $451.50 million. During the same quarter in the previous year, the company posted $0.45 earnings per share. 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. On average, analysts forecast that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a $0.30 dividend. The ex-dividend date is Monday, September 15th. This represents a $1.20 dividend on an annualized basis and a yield of 3.5%. American Homes 4 Rent's payout ratio is 108.11%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on AMH shares. Citigroup downgraded American Homes 4 Rent from a "buy" rating to a "neutral" rating and set a $41.00 price target on the stock. in a report on Friday, June 6th. Barclays lowered their price target on 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. Finally, Morgan Stanley lifted their price target on American Homes 4 Rent from $40.50 to $41.00 and gave the company an "overweight" rating in a report on Tuesday, August 19th. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $40.42.

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.