JPMorgan Chase & Co. Sells 1,658,762 Shares of American Homes 4 Rent $AMH

JPMorgan Chase & Co. cut its stake in shares of American Homes 4 Rent (NYSE:AMH) by 10.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,240,959 shares of the real estate investment trust’s stock after selling 1,658,762 shares during the quarter. JPMorgan Chase & Co.’s holdings in American Homes 4 Rent were worth $513,671,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Avantax Advisory Services Inc. lifted its position in American Homes 4 Rent by 1.1% in the first quarter. Avantax Advisory Services Inc. now owns 34,995 shares of the real estate investment trust’s stock valued at $1,323,000 after purchasing an additional 391 shares during the last quarter. UniSuper Management Pty Ltd increased its stake in shares of American Homes 4 Rent by 0.4% in the first quarter. UniSuper Management Pty Ltd now owns 101,600 shares of the real estate investment trust’s stock worth $3,841,000 after buying an additional 400 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in shares of American Homes 4 Rent by 0.7% in the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 63,490 shares of the real estate investment trust’s stock worth $2,401,000 after buying an additional 452 shares during the period. Louisiana State Employees Retirement System raised its holdings in American Homes 4 Rent by 0.6% during the 2nd quarter. Louisiana State Employees Retirement System now owns 89,400 shares of the real estate investment trust’s stock valued at $3,225,000 after buying an additional 500 shares during the last quarter. Finally, State of Michigan Retirement System boosted its position in American Homes 4 Rent by 0.7% during the 2nd quarter. State of Michigan Retirement System now owns 76,400 shares of the real estate investment trust’s stock valued at $2,756,000 after buying an additional 500 shares during the period. 91.87% of the stock is currently owned by institutional investors.

Insider Activity at American Homes 4 Rent

In other American Homes 4 Rent news, Director Douglas N. Benham bought 1,000 shares of the company’s stock in a transaction dated Wednesday, November 19th. The shares were purchased at an average price of $31.65 per share, for a total transaction of $31,650.00. Following the acquisition, the director owned 7,991 shares in the company, valued at approximately $252,915.15. This represents a 14.30% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 6.32% of the company’s stock.

Analysts Set New Price Targets

AMH has been the topic of a number of analyst reports. Wolfe Research upgraded shares of American Homes 4 Rent from a “peer perform” rating to an “outperform” rating and set a $38.00 price objective on the stock in a research report on Thursday, October 2nd. Evercore ISI cut their target price on American Homes 4 Rent from $40.00 to $39.00 and set an “outperform” rating on the stock in a research note on Friday, October 31st. Wells Fargo & Company lowered their price target on American Homes 4 Rent from $39.00 to $38.00 and set an “overweight” rating for the company in a research report on Monday, October 13th. The Goldman Sachs Group lowered American Homes 4 Rent from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $43.00 to $37.00 in a research report on Wednesday, September 17th. Finally, Morgan Stanley reduced their target price on American Homes 4 Rent from $41.00 to $40.00 and set an “overweight” rating on the stock in a research note on Thursday, November 13th. Eight investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, American Homes 4 Rent has a consensus rating of “Moderate Buy” and a consensus target price of $38.57.

American Homes 4 Rent Stock Performance

Shares of AMH opened at $32.40 on Monday. 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 has a one year low of $31.01 and a one year high of $39.49. The company has a 50-day simple moving average of $32.57 and a two-hundred day simple moving average of $34.85. The firm has a market capitalization of $12.02 billion, a PE ratio of 27.45, a price-to-earnings-growth ratio of 2.88 and a beta of 0.75.

American Homes 4 Rent (NYSE:AMH) last posted 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. American Homes 4 Rent had a return on equity of 5.90% and a net margin of 24.70%.The firm had revenue of $478.46 million for the quarter, compared to the consensus estimate of $475.75 million. During the same quarter in the prior year, the business earned $0.44 EPS. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. American Homes 4 Rent has set its FY 2025 guidance at 1.860-1.88 EPS. On average, analysts anticipate that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $1.20 annualized dividend and a yield of 3.7%. American Homes 4 Rent’s dividend payout ratio (DPR) is currently 101.69%.

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.