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

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

Van Lanschot Kempen Investment Management N.V. decreased its position in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 10.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,351,351 shares of the real estate investment trust's stock after selling 157,798 shares during the period. Van Lanschot Kempen Investment Management N.V. owned 0.37% of American Homes 4 Rent worth $51,095,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. BI Asset Management Fondsmaeglerselskab A S lifted its position in shares of American Homes 4 Rent by 8.2% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 9,768 shares of the real estate investment trust's stock worth $369,000 after buying an additional 739 shares during the last quarter. Aptus Capital Advisors LLC lifted its position in shares of American Homes 4 Rent by 12.1% in the first quarter. Aptus Capital Advisors LLC now owns 138,857 shares of the real estate investment trust's stock worth $5,250,000 after buying an additional 15,011 shares during the last quarter. Northern Trust Corp lifted its position in shares of American Homes 4 Rent by 2.0% in the first quarter. Northern Trust Corp now owns 4,268,625 shares of the real estate investment trust's stock worth $161,397,000 after buying an additional 85,084 shares during the last quarter. Burgundy Asset Management Ltd. lifted its position in shares of American Homes 4 Rent by 6.9% in the first quarter. Burgundy Asset Management Ltd. now owns 4,111,296 shares of the real estate investment trust's stock worth $155,448,000 after buying an additional 266,744 shares during the last quarter. Finally, Cresset Asset Management LLC lifted its position in shares of American Homes 4 Rent by 25.3% in the first quarter. Cresset Asset Management LLC now owns 14,800 shares of the real estate investment trust's stock worth $560,000 after buying an additional 2,991 shares during the last quarter. Institutional investors and hedge funds own 91.87% of the company's stock.

Insider Transactions at American Homes 4 Rent

In other news, Director Jack E. Corrigan purchased 4,000 shares of the stock in a transaction that occurred on Thursday, June 12th. The shares were purchased at an average cost of $22.93 per share, for a total transaction of $91,720.00. Following the completion of the purchase, the director directly owned 15,000 shares of the company's stock, valued at approximately $343,950. The trade was a 36.36% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 6.01% of the stock is owned by corporate insiders.

American Homes 4 Rent Stock Performance

Shares of American Homes 4 Rent stock traded up $0.5030 during trading on Friday, reaching $35.7330. The company's stock had a trading volume of 2,831,422 shares, compared to its average volume of 2,108,901. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.88 and a current ratio of 0.88. The business's fifty day moving average price is $35.63 and its 200-day moving average price is $36.28. The firm has a market cap of $13.25 billion, a price-to-earnings ratio of 32.19, a price-to-earnings-growth ratio of 3.02 and a beta of 0.72. American Homes 4 Rent has a one year low of $31.68 and a one year 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 business 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 company posted $0.45 earnings per share. The firm's revenue for the quarter 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 research analysts predict 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 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. 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 currently 108.11%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on AMH shares. Morgan Stanley boosted 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, August 19th. 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. Raymond James Financial lifted their price objective on American Homes 4 Rent from $39.00 to $43.00 and gave the stock an "outperform" rating in a research note on Friday, May 9th. Royal Bank Of Canada lifted their price objective on American Homes 4 Rent from $39.00 to $41.00 and gave the stock an "outperform" rating in a research note on Monday, May 5th. Finally, Wall Street Zen upgraded American Homes 4 Rent from a "sell" rating to a "hold" rating in a research note on Tuesday, May 6th. 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 stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $41.07.

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.