The Vanguard Group, Inc. recently announced the acquisition of new stake in American Homes 4 Rent (NYSE:AMH). The institutional investor has increased its shareholding in the Real Estate company by 1.36% to 40.67 million shares with purchase of 0.54 million shares. This fresh investment now brings its stake to 11.26% valued currently at $1.35 billion. In addition, Norges Bank Investment Management raised its holdings by 4.47 million to 20.55 million shares. And BlackRock Fund Advisors has lifted its position by 0.01% or 2027.0 shares – to 17.16 million shares.
With over 2.85 million American Homes 4 Rent (AMH) shares trading Friday and a closing price of $33.75 on the day, the dollar volume was approximately $96.08 million. The shares have shown a positive half year performance of 7.21% and its price on 05/19/23 gained nearly 0.12%. Currently, there are 360.35M common shares owned by the public and among those 307.57M shares have been available to trade.
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Insiders at the company have transacted a total of 35 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 11 of these insider trades were purchases, accounting for 558,537 shares. Insider sales of the common stock occurred on 24 occasions, with total insider shares sold totaling 101,577 shares.
The top 3 mutual fund holders in American Homes 4 Rent are Government Pension Fund – Global, Vanguard Real Estate Index Fund, and Vanguard Total Stock Market ETF. Government Pension Fund – Global owns 20.55 million shares of the company’s stock, all valued at over $683.34 million. The company bought an additional 4.47 million shares recently to bring their total holdings to about 5.69% of the shares outstanding. Vanguard Real Estate Index Fund sold -0.12 million shares to see its total holdings shrink to 12.94 million shares valued at over $430.33 million and representing 3.58% of the shares outstanding. Vanguard Total Stock Market ETF bought 48422.0 shares to bring its total holdings to over 8.73 million shares at a value of $290.48 million. Vanguard Total Stock Market ETF now owns shares totaling to 2.42% of the shares outstanding.
Shares of American Homes 4 Rent (NYSE: AMH) opened at $34.00, up $0.29 from a prior closing price of $33.71. However, the script later moved the day high at 34.16, up 0.12%. The company’s stock has a 5-day price change of -3.65% and 1.50% over the past three months. AMH shares are trading 11.98% year to date (YTD), with the 12-month market performance down to -7.89% lower. It has a 12-month low price of $28.78 and touched a high of $38.94 over the same period. AMH has an average intraday trading volume of 2.45 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -0.43%, 4.80%, and 2.44% respectively.
Institutional ownership of American Homes 4 Rent (NYSE: AMH) shares accounts for 92.20% of the company’s 360.35M shares outstanding. Mutual fund holders own 39.41%, while other institutional holders and individual stakeholders account for 54.38% and 25.61% respectively.
It has a market capitalization of $12.20B and a beta (3y monthly) value of 0.68. The stock’s trailing 12-month PE ratio is 38.44, while the earnings-per-share (ttm) stands at $0.88. The company has a PEG of 1.35 and the debt-to-equity ratio at 0.64. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.87% over the week and 1.90% over the month.
Analysts forecast that American Homes 4 Rent (AMH) will achieve an EPS of $0.13 for the current quarter, $0.12 for the next quarter and $0.53 for 2024. The lowest estimate earnings-per-share for the quarter is $0.11 while analysts give the company a high EPS estimate of $0.14. Comparatively, EPS for the current quarter was $0.16 a year ago. Earnings per share for the fiscal year are expected to increase by 72.50%, and -25.04% over the next financial year. EPS should shrink at an annualized rate of 28.50% over the next five years, compared to 60.10% over the past 5-year period.
