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. trimmed its holdings in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 6.7% during 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 approximately 2.3% of Uniplan Investment Counsel Inc.'s holdings, making the stock its 12th biggest holding. Uniplan Investment Counsel Inc. owned approximately 0.17% of American Homes 4 Rent worth $23,329,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in 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 valued at $3,921,000 after purchasing an additional 14,278 shares during the period. Asset Management One Co. Ltd. boosted its holdings in shares of American Homes 4 Rent by 3.4% in the 1st 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 boosted its holdings in shares of American Homes 4 Rent by 152.4% in the 1st 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 position in shares of American Homes 4 Rent by 27.5% during the 1st 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 purchasing an additional 2,930 shares during the last quarter. Finally, Lighthouse Investment Partners LLC raised its holdings in American Homes 4 Rent by 34.3% during the 4th quarter. Lighthouse Investment Partners LLC now owns 288,793 shares of the real estate investment trust's stock valued at $10,807,000 after buying an additional 73,793 shares during the period. Hedge funds and other institutional investors own 91.87% of the company's stock.

Analyst Upgrades and Downgrades

AMH has been the subject of several recent analyst reports. Morgan Stanley lifted their price objective on shares of American Homes 4 Rent from $40.50 to $41.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 19th. Citigroup cut 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 research note on Friday, June 6th. Scotiabank increased their price objective on shares of American Homes 4 Rent from $38.00 to $41.00 and gave the stock a "sector perform" rating in a research report on Monday, May 12th. Finally, Barclays decreased 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 note on Tuesday, August 12th. Six analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, American Homes 4 Rent has a consensus rating of "Moderate Buy" and a consensus price target of $40.42.

American Homes 4 Rent Trading Up 0.6%

AMH stock opened at $34.85 on Friday. American Homes 4 Rent has a 12 month low of $31.68 and a 12 month high of $41.41. The firm's 50-day moving average is $35.40 and its 200 day moving average is $36.26. The company has a market capitalization of $12.92 billion, a PE ratio of 31.39, a P/E/G ratio of 2.94 and a beta of 0.75. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.88 and a quick ratio of 0.88.

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 earnings per share (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 during the quarter, compared to analyst estimates of $451.50 million. During the same quarter in the previous year, the business earned $0.45 earnings per share. American Homes 4 Rent'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. On average, research analysts anticipate that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Announces Dividend

The business 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 annualized dividend and a yield of 3.4%. The ex-dividend date is Monday, September 15th. American Homes 4 Rent's payout ratio is 108.11%.

Insider Buying and Selling

In other news, Director Jack E. Corrigan purchased 4,000 shares of the firm's stock in a transaction on Thursday, June 12th. The stock was acquired 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 owned 15,000 shares in the company, valued at $343,950. This represents a 36.36% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 6.32% 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.

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