Gilman Hill Asset Management LLC Sells 815 Shares of American Homes 4 Rent $AMH

Gilman Hill Asset Management LLC decreased its holdings in shares of American Homes 4 Rent (NYSE:AMH) by 3.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 20,810 shares of the real estate investment trust’s stock after selling 815 shares during the period. Gilman Hill Asset Management LLC’s holdings in American Homes 4 Rent were worth $751,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in AMH. Nuveen LLC bought a new stake in American Homes 4 Rent during the first quarter valued at $113,669,000. Deutsche Bank AG boosted its stake in American Homes 4 Rent by 336.7% during the first quarter. Deutsche Bank AG now owns 3,079,945 shares of the real estate investment trust’s stock valued at $116,453,000 after buying an additional 2,374,678 shares during the period. JPMorgan Chase & Co. boosted its stake 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 buying an additional 2,094,497 shares during the period. Centersquare Investment Management LLC boosted its stake in American Homes 4 Rent by 283.7% during the first quarter. Centersquare Investment Management LLC now owns 1,825,434 shares of the real estate investment trust’s stock valued at $69,020,000 after buying an additional 1,349,634 shares during the period. Finally, Alyeska Investment Group L.P. boosted its stake in American Homes 4 Rent by 50.6% during the first quarter. Alyeska Investment Group L.P. now owns 2,995,393 shares of the real estate investment trust’s stock valued at $113,256,000 after buying an additional 1,006,133 shares during the period. Institutional investors own 91.87% of the company’s stock.

American Homes 4 Rent Stock Down 0.4%

AMH stock opened at $33.31 on Wednesday. American Homes 4 Rent has a fifty-two week low of $31.68 and a fifty-two week high of $41.07. The business’s 50 day moving average price is $35.18 and its two-hundred day moving average price is $36.19. 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 company has a market capitalization of $12.36 billion, a price-to-earnings ratio of 30.01, a price-to-earnings-growth ratio of 2.82 and a beta of 0.75.

American Homes 4 Rent (NYSE:AMH) last posted its earnings results on Thursday, July 31st. The real estate investment trust reported $0.47 earnings per share 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 firm had revenue of $457.50 million for the quarter, compared to the consensus estimate of $451.50 million. During the same quarter in the prior year, the business earned $0.45 EPS. The business’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, analysts forecast that American Homes 4 Rent will post 1.85 earnings per share for the current fiscal year.

American Homes 4 Rent Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders 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 dividend on an annualized basis and a dividend yield of 3.6%. American Homes 4 Rent’s dividend payout ratio is 108.11%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Evercore ISI dropped their price objective on American Homes 4 Rent from $41.00 to $40.00 and set an “outperform” rating for the company in a research note on Monday. Barclays dropped their price target on 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. Morgan Stanley lifted their price target on 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. Finally, Citigroup lowered 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. Six equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $40.09.

American Homes 4 Rent 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.