American Homes 4 Rent (NYSE:AMH) Sees Large Decline in Short Interest

American Homes 4 Rent (NYSE:AMH) was the recipient of a significant decline in short interest during the month of December. As of December 31st, there was short interest totaling 8,720,372 shares, a decline of 22.6% from the December 15th total of 11,264,869 shares. Based on an average daily volume of 2,613,420 shares, the short-interest ratio is presently 3.3 days. Approximately 2.5% of the shares of the company are sold short. Approximately 2.5% of the shares of the company are sold short. Based on an average daily volume of 2,613,420 shares, the short-interest ratio is presently 3.3 days.

Insiders Place Their Bets

In other American Homes 4 Rent news, Director Jack E. Corrigan bought 5,000 shares of the company’s stock in a transaction on Tuesday, December 9th. The shares were bought at an average cost of $22.96 per share, with a total value of $114,800.00. Following the completion of the acquisition, the director owned 17,300 shares of the company’s stock, valued at approximately $397,208. This trade represents a 40.65% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Douglas N. Benham acquired 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 transaction, the director owned 7,991 shares in the company, valued at approximately $252,915.15. The trade was a 14.30% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 6.32% of the stock is currently owned by corporate insiders.

Institutional Trading of American Homes 4 Rent

Several hedge funds and other institutional investors have recently modified their holdings of AMH. Aberdeen Group plc boosted its position in American Homes 4 Rent by 3.9% during the fourth quarter. Aberdeen Group plc now owns 164,491 shares of the real estate investment trust’s stock valued at $5,280,000 after purchasing an additional 6,214 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of American Homes 4 Rent by 10.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 41,355 shares of the real estate investment trust’s stock worth $1,320,000 after purchasing an additional 4,019 shares in the last quarter. Exchange Traded Concepts LLC raised its stake in shares of American Homes 4 Rent by 34.8% during the 4th quarter. Exchange Traded Concepts LLC now owns 33,838 shares of the real estate investment trust’s stock worth $1,086,000 after purchasing an additional 8,730 shares in the last quarter. Capital Investment Advisors LLC lifted its holdings in shares of American Homes 4 Rent by 6.9% during the 4th quarter. Capital Investment Advisors LLC now owns 296,303 shares of the real estate investment trust’s stock valued at $9,511,000 after buying an additional 19,102 shares during the last quarter. Finally, Pensionfund Sabic bought a new stake in shares of American Homes 4 Rent in the 4th quarter valued at approximately $2,022,000. 91.87% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on AMH. Scotiabank reduced their price target on American Homes 4 Rent from $35.00 to $33.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 14th. Barclays decreased their target price on shares of American Homes 4 Rent from $34.00 to $33.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 13th. Wall Street Zen cut shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Sunday. Mizuho reaffirmed a “neutral” rating and set a $32.00 price target (down from $33.00) on shares of American Homes 4 Rent in a research note on Thursday, January 8th. Finally, UBS Group dropped their price objective on American Homes 4 Rent from $38.00 to $33.00 and set a “neutral” rating on the stock in a research note on Thursday, January 8th. Seven investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, American Homes 4 Rent currently has a consensus rating of “Hold” and a consensus target price of $37.19.

American Homes 4 Rent Price Performance

Shares of AMH traded up $0.65 during trading hours on Monday, hitting $32.37. 3,980,225 shares of the company were exchanged, compared to its average volume of 3,971,492. 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 company has a market capitalization of $12.01 billion, a PE ratio of 27.43, a PEG ratio of 3.08 and a beta of 0.79. The firm has a fifty day simple moving average of $31.65 and a 200-day simple moving average of $33.28. American Homes 4 Rent has a one year low of $28.84 and a one year high of $39.49.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings results 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. The business had revenue of $478.46 million for the quarter, compared to analyst estimates of $475.75 million. American Homes 4 Rent had a net margin of 24.70% and a return on equity of 5.90%. The firm’s revenue was up 7.5% compared to the same quarter last year. During the same quarter 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. As a group, sell-side analysts predict that American Homes 4 Rent will post 1.85 earnings per share for the current year.

American Homes 4 Rent Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were given 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 of this dividend was Monday, December 15th. American Homes 4 Rent’s dividend payout ratio is 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.