American Homes 4 Rent $AMH Shares Sold by Vident Advisory LLC

Key Points

• Vident Advisory LLC reduced its position in American Homes 4 Rent (NYSE:AMH) by 16.1%, selling 10,370 shares and holding a total of 54,176 shares worth approximately $2.05 million.
• According to recent analyst reports, the average target price for American Homes 4 Rent has been set at $41.00, with seven analysts giving the stock a "Buy" rating and six assigning it a "Hold" rating.
• American Homes 4 Rent will pay a quarterly dividend of $0.30 per share on September 30th, representing an annualized yield of 3.3%, although the current payout ratio is 108.11%.

Vident Advisory LLC trimmed its holdings in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 16.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,176 shares of the real estate investment trust's stock after selling 10,370 shares during the period. Vident Advisory LLC's holdings in American Homes 4 Rent were worth $2,048,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Eisler Capital Management Ltd. purchased a new stake in American Homes 4 Rent in the 1st quarter worth approximately $13,221,000. Gamco Investors INC. ET AL grew its stake in American Homes 4 Rent by 15.1% in the 1st quarter. Gamco Investors INC. ET AL now owns 142,355 shares of the real estate investment trust's stock worth $5,382,000 after acquiring an additional 18,630 shares during the period. Ceredex Value Advisors LLC grew its stake in American Homes 4 Rent by 6.6% in the 1st quarter. Ceredex Value Advisors LLC now owns 979,800 shares of the real estate investment trust's stock worth $37,046,000 after acquiring an additional 60,950 shares during the period. SVB Wealth LLC purchased a new stake in American Homes 4 Rent in the 1st quarter worth approximately $42,000. Finally, Cbre Investment Management Listed Real Assets LLC grew its stake in American Homes 4 Rent by 206.4% in the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,220,109 shares of the real estate investment trust's stock worth $46,132,000 after acquiring an additional 821,874 shares during the period. 91.87% of the stock is owned by hedge funds and other institutional investors.

American Homes 4 Rent Trading Up 0.6%

Shares of NYSE AMH traded up $0.23 during trading on Friday, hitting $34.85. 4,256,682 shares of the company traded hands, compared to its average volume of 1,961,513. American Homes 4 Rent has a 1 year low of $31.68 and a 1 year high of $41.41. The company has a 50-day moving average price of $35.40 and a 200-day moving average price of $36.25. The firm has a market capitalization of $12.92 billion, a P/E ratio of 31.39, a P/E/G ratio of 2.92 and a beta of 0.75. 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 (NYSE:AMH - Get Free Report) last posted its earnings results on Thursday, July 31st. The real estate investment trust reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.01. The business had revenue of $457.50 million for the quarter, compared to analyst estimates of $451.50 million. American Homes 4 Rent had a net margin of 23.72% and a return on equity of 5.60%. The business's quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.45 EPS. American Homes 4 Rent has set its FY 2025 guidance at 1.840-1.880 EPS. On average, equities analysts predict that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Dividend Announcement

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

Analyst Ratings Changes

Several analysts have commented on the stock. Raymond James Financial lifted their target price on shares of 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. Morgan Stanley lifted their target price 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. Barclays lowered their target price 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. Citigroup cut shares of 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. Finally, Scotiabank boosted their price objective on shares of 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. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $40.42.

Insider Buying and Selling at American Homes 4 Rent

In other American Homes 4 Rent news, Director Jack E. Corrigan bought 4,000 shares of American Homes 4 Rent stock in a transaction that occurred on Thursday, June 12th. The shares were acquired at an average price of $22.93 per share, for a total transaction of $91,720.00. Following the acquisition, the director owned 15,000 shares of the company's stock, valued at $343,950. The trade was a 36.36% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 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.