First Trust Advisors LP Increases Holdings in American Homes 4 Rent $AMH

First Trust Advisors LP increased its stake in American Homes 4 Rent (NYSE:AMH) by 2,035.9% during the second quarter, according to its most recent filing with the SEC. The fund owned 1,129,609 shares of the real estate investment trust’s stock after buying an additional 1,076,722 shares during the quarter. First Trust Advisors LP owned 0.30% of American Homes 4 Rent worth $40,745,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. 1832 Asset Management L.P. raised its position in American Homes 4 Rent by 35.4% in the second quarter. 1832 Asset Management L.P. now owns 298,806 shares of the real estate investment trust’s stock worth $10,778,000 after acquiring an additional 78,127 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in shares of American Homes 4 Rent by 8.5% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 810,316 shares of the real estate investment trust’s stock worth $29,228,000 after purchasing an additional 63,823 shares during the period. New York State Common Retirement Fund raised its holdings in shares of American Homes 4 Rent by 3.7% in the 2nd quarter. New York State Common Retirement Fund now owns 180,356 shares of the real estate investment trust’s stock worth $6,505,000 after purchasing an additional 6,500 shares during the period. Schroder Investment Management Group lifted its stake in American Homes 4 Rent by 3,326.9% in the second quarter. Schroder Investment Management Group now owns 334,161 shares of the real estate investment trust’s stock valued at $12,053,000 after purchasing an additional 324,410 shares during the last quarter. Finally, Norges Bank bought a new position in American Homes 4 Rent during the second quarter valued at $796,706,000. Hedge funds and other institutional investors own 91.87% of the company’s stock.

American Homes 4 Rent Trading Down 1.0%

Shares of AMH stock opened at $30.15 on Wednesday. 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 has a 52-week low of $30.11 and a 52-week high of $39.49. The company has a market capitalization of $11.19 billion, a PE ratio of 25.55, a price-to-earnings-growth ratio of 2.86 and a beta of 0.80. The business’s fifty day moving average is $32.18 and its 200 day moving average is $34.29.

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

American Homes 4 Rent Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors 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 is Monday, December 15th. American Homes 4 Rent’s dividend payout ratio is 101.69%.

Insiders Place Their Bets

In related news, Director Douglas N. Benham bought 1,000 shares of the stock in a transaction that occurred on Wednesday, November 19th. The shares were acquired at an average cost of $31.65 per share, with a total value of $31,650.00. Following the completion of the purchase, the director directly owned 7,991 shares of the company’s stock, valued at $252,915.15. This trade represents a 14.30% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 6.01% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on AMH shares. Wall Street Zen lowered American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Wells Fargo & Company lowered their price objective on American Homes 4 Rent from $38.00 to $37.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 25th. Keefe, Bruyette & Woods cut their target price 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 report on Wednesday, November 5th. Evercore ISI reduced their target price on shares of American Homes 4 Rent from $40.00 to $39.00 and set an “outperform” rating for the company in a research note on Friday, October 31st. Finally, Morgan Stanley lowered their price target on shares of American Homes 4 Rent from $41.00 to $40.00 and set an “overweight” rating on the stock in a research report on Thursday, November 13th. Eight research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $38.14.

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.