60,915 Shares in American Homes 4 Rent $AMH Acquired by Inceptionr LLC

Inceptionr LLC bought a new position in American Homes 4 Rent (NYSE:AMH) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 60,915 shares of the real estate investment trust’s stock, valued at approximately $2,197,000. American Homes 4 Rent makes up about 0.5% of Inceptionr LLC’s holdings, making the stock its 15th biggest position.

Several other large investors have also recently made changes to their positions in the business. Sequoia Financial Advisors LLC purchased a new stake in shares of American Homes 4 Rent in the 2nd quarter valued at $311,000. Cbre Investment Management Listed Real Assets LLC lifted its stake in American Homes 4 Rent by 206.4% in the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,220,109 shares of the real estate investment trust’s stock worth $46,132,000 after purchasing an additional 821,874 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in American Homes 4 Rent by 0.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 4,366,860 shares of the real estate investment trust’s stock valued at $165,111,000 after buying an additional 32,825 shares during the period. Gotham Asset Management LLC grew its stake in shares of American Homes 4 Rent by 16.7% during the first quarter. Gotham Asset Management LLC now owns 616,790 shares of the real estate investment trust’s stock valued at $23,321,000 after buying an additional 88,358 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings 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 worth $601,169,000 after buying an additional 2,094,497 shares during the period. 91.87% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on AMH shares. Scotiabank dropped their target price on American Homes 4 Rent from $41.00 to $35.00 and set a “sector perform” rating for the company in a report on Monday, November 10th. Barclays lowered their price objective 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. Mizuho cut their target price on shares of American Homes 4 Rent from $36.00 to $34.00 and set an “outperform” rating on the stock in a report on Tuesday, October 21st. Wolfe Research upgraded shares of American Homes 4 Rent from a “peer perform” rating to an “outperform” rating and set a $38.00 price target for the company in a report on Thursday, October 2nd. Finally, Keefe, Bruyette & Woods dropped their price target 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. Eight research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $38.14.

American Homes 4 Rent Price Performance

AMH opened at $32.10 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. The stock has a market capitalization of $11.91 billion, a PE ratio of 27.20, a price-to-earnings-growth ratio of 2.88 and a beta of 0.75. The stock’s 50 day moving average price is $32.52 and its 200-day moving average price is $34.76. American Homes 4 Rent has a 52-week low of $31.01 and a 52-week high of $39.49.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $475.75 million. During the same period in the previous year, the firm earned $0.44 EPS. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. American Homes 4 Rent has set its FY 2025 guidance at 1.860-1.88 EPS. On average, equities research analysts predict that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Announces Dividend

The business also recently disclosed 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. The ex-dividend date is Monday, December 15th. This represents a $1.20 annualized dividend and a yield of 3.7%. American Homes 4 Rent’s dividend payout ratio (DPR) is 101.69%.

Insiders Place Their Bets

In other news, Director Douglas N. Benham acquired 1,000 shares of the business’s stock in a transaction 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 transaction, the director owned 7,991 shares in the company, valued at $252,915.15. The trade was a 14.30% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 6.01% of the company’s stock.

About American Homes 4 Rent

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.