Van Lanschot Kempen Investment Management N.V. Sells 157,798 Shares of American Homes 4 Rent $AMH

Key Points

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Van Lanschot Kempen Investment Management N.V. lowered its holdings in American Homes 4 Rent (NYSE:AMH - Free Report) by 10.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,351,351 shares of the real estate investment trust's stock after selling 157,798 shares during the quarter. Van Lanschot Kempen Investment Management N.V. owned 0.37% of American Homes 4 Rent worth $51,095,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of AMH. JPMorgan Chase & Co. increased its position in American Homes 4 Rent by 15.2% during the first quarter. JPMorgan Chase & Co. now owns 15,899,721 shares of the real estate investment trust's stock valued at $601,169,000 after acquiring an additional 2,094,497 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in American Homes 4 Rent by 8.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 8,721,356 shares of the real estate investment trust's stock valued at $326,355,000 after acquiring an additional 675,077 shares during the last quarter. Dimensional Fund Advisors LP increased its position in American Homes 4 Rent by 0.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,935,152 shares of the real estate investment trust's stock valued at $184,670,000 after acquiring an additional 28,381 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in American Homes 4 Rent by 0.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 4,366,860 shares of the real estate investment trust's stock valued at $165,111,000 after acquiring an additional 32,825 shares during the last quarter. Finally, Northern Trust Corp increased its position in American Homes 4 Rent by 2.0% during the first quarter. Northern Trust Corp now owns 4,268,625 shares of the real estate investment trust's stock valued at $161,397,000 after acquiring an additional 85,084 shares during the last quarter. Hedge funds and other institutional investors own 91.87% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently commented on AMH shares. Raymond James Financial upped their price objective on American Homes 4 Rent from $39.00 to $43.00 and gave the company an "outperform" rating in a research report on Friday, May 9th. Keefe, Bruyette & Woods upped their price target on American Homes 4 Rent from $38.00 to $40.00 and gave the stock a "market perform" rating in a research report on Tuesday, May 6th. Citigroup cut 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 report on Friday, June 6th. Royal Bank Of Canada upped their price target on American Homes 4 Rent from $39.00 to $41.00 and gave the stock an "outperform" rating in a research report on Monday, May 5th. Finally, Morgan Stanley upped their price target on American Homes 4 Rent from $40.50 to $41.00 and gave the stock an "overweight" rating in a research report on Tuesday. Eight equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $41.07.

Insider Buying and Selling

In other news, Director Jack E. Corrigan purchased 4,000 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The stock was bought 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. This represents a 36.36% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 6.32% of the company's stock.

American Homes 4 Rent Price Performance

Shares of NYSE:AMH traded up $0.5030 during trading on Friday, hitting $35.7330. 2,831,422 shares of the company's stock were exchanged, compared to its average volume of 2,027,722. 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 has a 52-week low of $31.68 and a 52-week high of $41.41. The business's 50-day simple moving average is $35.63 and its 200 day simple moving average is $36.27. The company has a market cap of $13.25 billion, a price-to-earnings ratio of 32.19, a PEG ratio of 2.98 and a beta of 0.72.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last released its earnings results on Thursday, July 31st. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts' expectations of $451.50 million. During the same quarter last year, the business posted $0.45 earnings per share. The firm's 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, equities analysts predict that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.20 dividend on an annualized basis and a yield of 3.4%. American Homes 4 Rent's dividend payout ratio is presently 108.11%.

About American Homes 4 Rent

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.