Millennium Management LLC Lowers Stock Holdings in American Homes 4 Rent $AMH

Millennium Management LLC reduced its stake in American Homes 4 Rent (NYSE:AMH) by 16.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,560,413 shares of the real estate investment trust’s stock after selling 298,702 shares during the quarter. Millennium Management LLC owned 0.42% of American Homes 4 Rent worth $58,999,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Nuveen LLC purchased a new stake in shares of American Homes 4 Rent in the first quarter valued at approximately $113,669,000. Deutsche Bank AG boosted its stake in shares of American Homes 4 Rent by 336.7% in 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 in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of American Homes 4 Rent by 15.2% in 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 in the last quarter. Centersquare Investment Management LLC boosted its stake in shares of American Homes 4 Rent by 283.7% in 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 in the last quarter. Finally, Alyeska Investment Group L.P. boosted its stake in shares of American Homes 4 Rent by 50.6% in 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 in the last quarter. 91.87% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at American Homes 4 Rent

In other news, Director Jack E. Corrigan purchased 4,000 shares of the stock in a transaction on Thursday, June 12th. The stock was purchased at an average price of $22.93 per share, with a total value of $91,720.00. Following the completion of the transaction, the director owned 15,000 shares in the company, valued at approximately $343,950. The trade was a 36.36% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 6.01% of the company’s stock.

American Homes 4 Rent Stock Performance

NYSE AMH opened at $34.85 on Monday. American Homes 4 Rent has a fifty-two week low of $31.68 and a fifty-two week high of $41.41. The stock has a market cap of $12.92 billion, a price-to-earnings ratio of 31.39, a price-to-earnings-growth ratio of 2.94 and a beta of 0.75. The business has a fifty day moving average of $35.40 and a 200-day moving average of $36.26. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.66.

American Homes 4 Rent (NYSE:AMH) last released its quarterly 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 company had revenue of $457.50 million during the quarter, compared to analysts’ expectations of $451.50 million. During the same period in the previous year, the firm posted $0.45 earnings per share. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. American Homes 4 Rent has set its FY 2025 guidance at 1.840-1.880 EPS. As a group, analysts predict that American Homes 4 Rent will post 1.85 earnings per share for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Monday, September 15th. American Homes 4 Rent’s payout ratio is 108.11%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on AMH shares. Scotiabank lifted their price target on American Homes 4 Rent from $38.00 to $41.00 and gave the company a “sector perform” rating in a research note on Monday, May 12th. Citigroup downgraded American Homes 4 Rent from a “buy” rating to a “neutral” rating and set a $41.00 price target on the stock. in a research note on Friday, June 6th. Morgan Stanley lifted their price target on American Homes 4 Rent from $40.50 to $41.00 and gave the company an “overweight” rating in a research note on Tuesday, August 19th. Finally, Barclays decreased their target price on American Homes 4 Rent from $40.00 to $39.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 12th. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $40.42.

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.