American Century Companies Inc. Decreases Position in American Homes 4 Rent $AMH

American Century Companies Inc. decreased its position in American Homes 4 Rent (NYSE:AMH) by 2.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 704,044 shares of the real estate investment trust’s stock after selling 20,543 shares during the period. American Century Companies Inc. owned about 0.19% of American Homes 4 Rent worth $25,395,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Hantz Financial Services Inc. boosted its position in shares of American Homes 4 Rent by 922.2% in the 2nd quarter. Hantz Financial Services Inc. now owns 828 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 747 shares in the last quarter. AlphaQuest LLC acquired a new position in American Homes 4 Rent during the second quarter worth about $33,000. Pandora Wealth Inc. acquired a new position in American Homes 4 Rent during the first quarter worth about $38,000. SVB Wealth LLC purchased a new stake in shares of American Homes 4 Rent in the first quarter valued at about $42,000. Finally, Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of American Homes 4 Rent in the second quarter valued at approximately $49,000. Hedge funds and other institutional investors own 91.87% of the company’s stock.

Insider Activity

In other news, Director Douglas N. Benham acquired 1,000 shares of the company’s stock in a transaction dated Wednesday, November 19th. The stock was acquired at an average cost of $31.65 per share, for a total transaction of $31,650.00. Following the acquisition, the director directly 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 legal filing with the SEC, which is available at this link. 6.01% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on AMH shares. Keefe, Bruyette & Woods dropped their price objective on shares of American Homes 4 Rent from $40.00 to $37.00 and set a “market perform” rating for the company in a research note on Wednesday, November 5th. Morgan Stanley lowered their target price on American Homes 4 Rent from $41.00 to $40.00 and set an “overweight” rating on the stock in a report on Thursday, November 13th. Barclays dropped their price target on American Homes 4 Rent from $39.00 to $34.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 25th. Wall Street Zen downgraded American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Homes 4 Rent in a research note on Wednesday, October 8th. Eight analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $38.14.

American Homes 4 Rent Stock Up 0.5%

AMH opened at $32.12 on Monday. American Homes 4 Rent has a 12 month low of $31.01 and a 12 month high of $39.49. The business has a 50-day moving average of $32.44 and a two-hundred day moving average of $34.64. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.41 and a quick ratio of 0.41. The stock has a market capitalization of $11.92 billion, a price-to-earnings ratio of 27.22, a price-to-earnings-growth ratio of 2.85 and a beta of 0.80.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.01. American Homes 4 Rent had a net margin of 24.70% and a return on equity of 5.90%. The business had revenue of $478.46 million for the quarter, compared to analyst estimates of $475.75 million. During the same period in the prior year, the firm posted $0.44 EPS. The company’s revenue 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, research analysts expect 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 declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Monday, December 15th. American Homes 4 Rent’s dividend payout ratio (DPR) is 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.