American Homes 4 Rent $AMH Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd reduced its position in American Homes 4 Rent (NYSE:AMH) by 21.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 120,340 shares of the real estate investment trust’s stock after selling 33,104 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in American Homes 4 Rent were worth $4,001,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Resona Asset Management Co. Ltd. raised its holdings in shares of American Homes 4 Rent by 9.2% during the third quarter. Resona Asset Management Co. Ltd. now owns 194,838 shares of the real estate investment trust’s stock worth $6,365,000 after purchasing an additional 16,388 shares during the period. UniSuper Management Pty Ltd grew its position in shares of American Homes 4 Rent by 1.6% during the 3rd quarter. UniSuper Management Pty Ltd now owns 103,400 shares of the real estate investment trust’s stock valued at $3,438,000 after buying an additional 1,600 shares during the last quarter. Teacher Retirement System of Texas raised its stake in American Homes 4 Rent by 116.3% during the third quarter. Teacher Retirement System of Texas now owns 319,048 shares of the real estate investment trust’s stock worth $10,608,000 after acquiring an additional 171,537 shares during the period. Strs Ohio lifted its holdings in American Homes 4 Rent by 15.7% in the third quarter. Strs Ohio now owns 163,648 shares of the real estate investment trust’s stock worth $5,441,000 after acquiring an additional 22,147 shares during the last quarter. Finally, Rakuten Investment Management Inc. acquired a new position in American Homes 4 Rent in the third quarter valued at approximately $47,000. Institutional investors and hedge funds own 91.87% of the company’s stock.

American Homes 4 Rent Stock Up 1.5%

NYSE AMH opened at $31.99 on Monday. American Homes 4 Rent has a 12 month low of $28.84 and a 12 month high of $39.49. The company has a market capitalization of $11.87 billion, a P/E ratio of 27.11, a PEG ratio of 3.05 and a beta of 0.79. The company’s 50 day simple moving average is $31.65 and its 200 day simple moving average is $33.15. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.41 and a quick ratio of 0.41.

American Homes 4 Rent (NYSE:AMH) last issued its earnings results on Wednesday, October 29th. The real estate investment trust reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. The firm had revenue of $478.46 million during the quarter, compared to analysts’ expectations of $475.75 million. American Homes 4 Rent had a net margin of 24.70% and a return on equity of 5.90%. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period last year, the firm posted $0.44 earnings per share. American Homes 4 Rent has set its FY 2025 guidance at 1.860-1.88 EPS. Equities research analysts expect that American Homes 4 Rent will post 1.85 earnings per share for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Monday, December 15th. American Homes 4 Rent’s dividend payout ratio is 101.69%.

Insider Activity at American Homes 4 Rent

In other American Homes 4 Rent news, Director Douglas N. Benham acquired 1,000 shares of the firm’s stock in a transaction on Wednesday, November 19th. The stock was purchased at an average cost of $31.65 per share, for a total transaction of $31,650.00. Following the transaction, the director owned 7,991 shares of the company’s stock, valued at $252,915.15. The trade was a 14.30% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jack E. Corrigan bought 5,000 shares of the company’s stock in a transaction dated Tuesday, December 9th. The stock was acquired at an average price of $22.96 per share, for a total transaction of $114,800.00. Following the acquisition, the director directly owned 17,300 shares in the company, valued at $397,208. This trade represents a 40.65% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 6.01% of the company’s stock.

Analyst Upgrades and Downgrades

AMH has been the subject of a number of recent research reports. Morgan Stanley lowered their price objective on American Homes 4 Rent from $41.00 to $40.00 and set an “overweight” rating for the company in a research note on Thursday, November 13th. Wolfe Research upgraded American Homes 4 Rent from a “peer perform” rating to an “outperform” rating and set a $38.00 price objective for the company in a research report on Thursday, October 2nd. Barclays reduced their price target on American Homes 4 Rent from $34.00 to $33.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 13th. Wells Fargo & Company lowered their price target on American Homes 4 Rent from $38.00 to $37.00 and set an “overweight” rating on the stock in a report on Tuesday, November 25th. Finally, UBS Group cut their price objective on shares of American Homes 4 Rent from $38.00 to $33.00 and set a “neutral” rating on the stock in a research note on Thursday, January 8th. Eight investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $37.44.

American Homes 4 Rent Company Profile

American Homes 4 Rent (NYSE: AMH) is a publicly traded real estate investment trust (REIT) specializing in the acquisition, development and management of single-family rental homes. Since its initial public offering in April 2013, the company has focused on building a large-scale, professionally managed portfolio of homes designed to meet the needs of today’s renters. Its business model emphasizes the acquisition of well-located properties coupled with consistent, in-house property management to drive occupancy and long-term value.

As of the most recent reporting, American Homes 4 Rent owns and operates tens of thousands of homes across the United States, with concentration in key Sun Belt and high-growth markets.