Third Avenue Management LLC Has $7.28 Million Stake in American Homes 4 Rent $AMH

Key Points

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Third Avenue Management LLC trimmed its holdings in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 40.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 192,560 shares of the real estate investment trust's stock after selling 128,661 shares during the period. American Homes 4 Rent accounts for approximately 1.5% of Third Avenue Management LLC's holdings, making the stock its 22nd largest holding. Third Avenue Management LLC owned approximately 0.05% of American Homes 4 Rent worth $7,281,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. BI Asset Management Fondsmaeglerselskab A S increased its holdings in American Homes 4 Rent by 8.2% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 9,768 shares of the real estate investment trust's stock valued at $369,000 after purchasing an additional 739 shares in the last quarter. Aptus Capital Advisors LLC increased its holdings in American Homes 4 Rent by 12.1% during the 1st quarter. Aptus Capital Advisors LLC now owns 138,857 shares of the real estate investment trust's stock valued at $5,250,000 after purchasing an additional 15,011 shares in the last quarter. Northern Trust Corp increased its holdings in American Homes 4 Rent by 2.0% during the 1st quarter. Northern Trust Corp now owns 4,268,625 shares of the real estate investment trust's stock valued at $161,397,000 after purchasing an additional 85,084 shares in the last quarter. Burgundy Asset Management Ltd. increased its holdings in American Homes 4 Rent by 6.9% during the 1st quarter. Burgundy Asset Management Ltd. now owns 4,111,296 shares of the real estate investment trust's stock valued at $155,448,000 after purchasing an additional 266,744 shares in the last quarter. Finally, Cresset Asset Management LLC increased its holdings in 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 purchasing an additional 2,991 shares in the last quarter. 91.87% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at American Homes 4 Rent

In other American Homes 4 Rent news, Director Jack E. Corrigan bought 4,000 shares of the firm's stock in a transaction on Thursday, June 12th. The stock was purchased at an average cost of $22.93 per share, with a total value of $91,720.00. Following the completion of the purchase, the director owned 15,000 shares in the company, valued at approximately $343,950. The trade was a 36.36% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 6.01% of the company's stock.

American Homes 4 Rent Trading Up 1.4%

Shares of American Homes 4 Rent stock traded up $0.5030 during trading on Friday, reaching $35.7330. 2,831,422 shares of the company were exchanged, compared to its average volume of 2,108,901. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.66. American Homes 4 Rent has a twelve month low of $31.68 and a twelve month high of $41.41. The business has a 50-day moving average price of $35.63 and a 200-day moving average price of $36.28. The firm has a market capitalization of $13.25 billion, a price-to-earnings ratio of 32.19, a P/E/G ratio of 3.02 and a beta of 0.72.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last announced its quarterly earnings data 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. 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 period in the previous year, the firm earned $0.45 earnings per share. 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. Sell-side analysts anticipate that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The firm 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. This represents a $1.20 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Monday, September 15th. American Homes 4 Rent's payout ratio is presently 108.11%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Morgan Stanley raised 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. Raymond James Financial lifted their target price on American Homes 4 Rent from $39.00 to $43.00 and gave the company an "outperform" rating in a research note on Friday, May 9th. Royal Bank Of Canada lifted their target price on American Homes 4 Rent from $39.00 to $41.00 and gave the company an "outperform" rating in a research note on Monday, May 5th. Scotiabank lifted their target price on 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. Finally, Citigroup cut American Homes 4 Rent from a "buy" rating to a "neutral" rating and set a $41.00 target price for the company. in a research note on Friday, June 6th. Eight research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $41.07.

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.