Y Intercept Hong Kong Ltd Has $4 Million Stock Position in American Homes 4 Rent $AMH

Y Intercept Hong Kong Ltd trimmed its position in shares of American Homes 4 Rent (NYSE:AMH) by 21.6% in the third quarter, Holdings Channel reports. The fund owned 120,340 shares of the real estate investment trust’s stock after selling 33,104 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in American Homes 4 Rent were worth $4,001,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of AMH. Jones Financial Companies Lllp raised its holdings in American Homes 4 Rent by 1,103.6% in the 1st quarter. Jones Financial Companies Lllp now owns 13,047 shares of the real estate investment trust’s stock valued at $493,000 after acquiring an additional 11,963 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in American Homes 4 Rent in the second quarter valued at about $229,000. Park Avenue Securities LLC lifted its stake in American Homes 4 Rent by 17.4% during the second quarter. Park Avenue Securities LLC now owns 7,707 shares of the real estate investment trust’s stock worth $278,000 after purchasing an additional 1,142 shares during the period. GAMMA Investing LLC grew its stake in shares of American Homes 4 Rent by 18.0% in the 2nd quarter. GAMMA Investing LLC now owns 3,849 shares of the real estate investment trust’s stock valued at $139,000 after purchasing an additional 588 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its position in shares of American Homes 4 Rent by 15.0% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 255,279 shares of the real estate investment trust’s stock worth $9,208,000 after buying an additional 33,344 shares during the period. 91.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other American Homes 4 Rent news, Director Jack E. Corrigan acquired 5,000 shares of American Homes 4 Rent stock in a transaction on Tuesday, December 9th. The shares were purchased at an average cost of $22.96 per share, with a total value of $114,800.00. Following the completion of the purchase, the director owned 17,300 shares in the company, valued at $397,208. The trade was a 40.65% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Douglas N. Benham bought 1,000 shares of the company’s stock in a transaction on Wednesday, November 19th. The shares were acquired at an average price of $31.65 per share, with a total value of $31,650.00. Following the transaction, the director directly owned 7,991 shares in the company, valued at approximately $252,915.15. The trade was a 14.30% increase in their position. The SEC filing for this purchase provides additional information. 6.01% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

AMH has been the subject of several recent analyst reports. Wall Street Zen lowered American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Sunday, January 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of American Homes 4 Rent in a research report on Wednesday. BMO Capital Markets reiterated a “market perform” rating and issued a $37.00 target price on shares of American Homes 4 Rent in a research note on Friday, January 9th. UBS Group dropped their price target on American Homes 4 Rent from $38.00 to $33.00 and set a “neutral” rating for the company in a report on Thursday, January 8th. Finally, Mizuho reiterated a “neutral” rating and issued a $32.00 price objective (down previously from $33.00) on shares of American Homes 4 Rent in a research report on Thursday, January 8th. Eight investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $37.44.

American Homes 4 Rent Stock Up 1.5%

NYSE:AMH opened at $31.99 on Monday. The company has a market cap of $11.87 billion, a price-to-earnings ratio of 27.11, a P/E/G ratio of 3.05 and a beta of 0.79. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.41 and a current ratio of 0.41. The stock’s fifty day moving average price is $31.65 and its two-hundred day moving average price is $33.15. American Homes 4 Rent has a 52-week low of $28.84 and a 52-week high of $39.49.

American Homes 4 Rent (NYSE:AMH) last released 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. The company had revenue of $478.46 million during the quarter, compared to the consensus estimate 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 quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.44 earnings per share. 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 year.

American Homes 4 Rent Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.8%. The ex-dividend date was Monday, December 15th. American Homes 4 Rent’s dividend payout ratio is currently 101.69%.

American Homes 4 Rent Company Profile

American Homes 4 Rent (NYSE: AMH) is a publicly traded real estate investment trust (REIT) specializing in the acquisition, development and management of single-family rental homes. Since its initial public offering in April 2013, the company has focused on building a large-scale, professionally managed portfolio of homes designed to meet the needs of today’s renters. Its business model emphasizes the acquisition of well-located properties coupled with consistent, in-house property management to drive occupancy and long-term value.

As of the most recent reporting, American Homes 4 Rent owns and operates tens of thousands of homes across the United States, with concentration in key Sun Belt and high-growth markets.