Uniplan Investment Counsel Inc. Sells 44,551 Shares of American Homes 4 Rent $AMH

Key Points

• Uniplan Investment Counsel Inc. reduced its holdings in American Homes 4 Rent by 6.7%, selling 44,551 shares and now owning 616,994 shares valued at approximately $23.3 million.
• Several institutional investors, including Sumitomo Mitsui and Cerity Partners, have increased their stakes in American Homes 4 Rent, indicating growing interest in the stock.
• American Homes 4 Rent has announced a quarterly dividend of $0.30, with a yield of 3.4%, scheduled to be paid on September 30th.

Uniplan Investment Counsel Inc. cut its position in American Homes 4 Rent (NYSE:AMH - Free Report) by 6.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 616,994 shares of the real estate investment trust's stock after selling 44,551 shares during the quarter. American Homes 4 Rent accounts for about 2.3% of Uniplan Investment Counsel Inc.'s portfolio, making the stock its 12th largest holding. Uniplan Investment Counsel Inc. owned about 0.17% of American Homes 4 Rent worth $23,329,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in AMH. Golden State Wealth Management LLC bought a new position in American Homes 4 Rent in the first quarter valued at approximately $29,000. Parallel Advisors LLC boosted its holdings in shares of 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 purchasing an additional 532 shares in the last quarter. Pandora Wealth Inc. bought a new position in shares of American Homes 4 Rent in the 1st quarter valued at $38,000. Opal Wealth Advisors LLC acquired a new position in shares of American Homes 4 Rent during the 1st quarter worth $42,000. Finally, SVB Wealth LLC bought a new stake in shares of American Homes 4 Rent during the 1st quarter worth $42,000. Institutional investors and hedge funds own 91.87% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Citigroup cut American Homes 4 Rent from a "buy" rating to a "neutral" rating and set a $41.00 target price on the stock. in a research report on Friday, June 6th. Morgan Stanley raised their price target 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. Finally, Barclays lowered 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 research report on Tuesday, August 12th. Six analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $40.42.

American Homes 4 Rent Trading Down 1.5%

Shares of NYSE AMH traded down $0.53 during trading on Friday, reaching $34.10. The company had a trading volume of 858,162 shares, compared to its average volume of 2,229,710. The stock has a market cap of $12.65 billion, a P/E ratio of 30.72, a PEG ratio of 2.88 and a beta of 0.75. The company's fifty day moving average price is $35.30 and its 200-day moving average price is $36.23. 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 12 month low of $31.68 and a 12 month high of $41.41.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last posted 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 company had revenue of $457.50 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. American Homes 4 Rent has set its FY 2025 guidance at 1.840-1.880 EPS. As a group, research analysts expect that American Homes 4 Rent will post 1.85 earnings per share for the current year.

American Homes 4 Rent Announces Dividend

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

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.