First Trust Advisors LP Purchases 1,076,722 Shares of American Homes 4 Rent $AMH

First Trust Advisors LP raised its position in shares of American Homes 4 Rent (NYSE:AMH) by 2,035.9% during the second quarter, HoldingsChannel reports. The firm owned 1,129,609 shares of the real estate investment trust’s stock after purchasing an additional 1,076,722 shares during the period. First Trust Advisors LP’s holdings in American Homes 4 Rent were worth $40,745,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in AMH. Norges Bank bought a new position in shares of American Homes 4 Rent during the 2nd quarter valued at about $796,706,000. JPMorgan Chase & Co. lifted its position in American Homes 4 Rent by 15.2% in the 1st quarter. JPMorgan Chase & Co. now owns 15,899,721 shares of the real estate investment trust’s stock worth $601,169,000 after buying an additional 2,094,497 shares during the last quarter. Geode Capital Management LLC boosted its stake in American Homes 4 Rent by 0.4% in the second quarter. Geode Capital Management LLC now owns 6,964,813 shares of the real estate investment trust’s stock worth $250,566,000 after buying an additional 31,179 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in American Homes 4 Rent by 1.3% during the second quarter. Charles Schwab Investment Management Inc. now owns 4,421,478 shares of the real estate investment trust’s stock valued at $159,483,000 after acquiring an additional 54,618 shares during the last quarter. Finally, Northern Trust Corp grew its position in American Homes 4 Rent by 2.0% during the first quarter. Northern Trust Corp now owns 4,268,625 shares of the real estate investment trust’s stock valued at $161,397,000 after acquiring an additional 85,084 shares during the last quarter. Institutional investors own 91.87% of the company’s stock.

Insider Activity at American Homes 4 Rent

In related news, Director Douglas N. Benham bought 1,000 shares of the business’s stock in a transaction dated Wednesday, November 19th. The shares were purchased at an average price of $31.65 per share, with a total value of $31,650.00. Following the purchase, the director owned 7,991 shares of the company’s stock, valued at approximately $252,915.15. This trade represents a 14.30% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 6.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on AMH shares. Morgan Stanley cut their price objective on shares of 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. Weiss Ratings reissued a “hold (c)” rating on shares of American Homes 4 Rent in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods reduced their price objective on American Homes 4 Rent from $40.00 to $37.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 5th. The Goldman Sachs Group lowered American Homes 4 Rent from a “buy” rating to a “neutral” rating and lowered their target price for the company from $43.00 to $37.00 in a research note on Wednesday, September 17th. Finally, Wall Street Zen cut American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. Eight analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $38.14.

American Homes 4 Rent Trading Down 1.0%

NYSE AMH opened at $30.15 on Wednesday. The stock has a market cap of $11.19 billion, a P/E ratio of 25.55, a price-to-earnings-growth ratio of 2.86 and a beta of 0.80. American Homes 4 Rent has a fifty-two week low of $30.11 and a fifty-two week high of $39.49. The stock has a 50 day simple moving average of $32.18 and a two-hundred day simple moving average of $34.29. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.41 and a current ratio of 0.41.

American Homes 4 Rent (NYSE:AMH) last announced its earnings results on Wednesday, October 29th. The real estate investment trust reported $0.47 EPS for the quarter, beating 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 company had revenue of $478.46 million during the quarter, compared to the consensus estimate of $475.75 million. During the same quarter in the prior year, the company earned $0.44 earnings per share. The firm’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 forecast that American Homes 4 Rent will post 1.85 earnings per share for the current year.

American Homes 4 Rent Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Monday, December 15th. American Homes 4 Rent’s dividend payout ratio (DPR) is currently 101.69%.

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.