American Homes 4 Rent $AMH Holdings Lifted by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS boosted its position in shares of American Homes 4 Rent (NYSE:AMH) by 1.8% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 118,200 shares of the real estate investment trust’s stock after buying an additional 2,100 shares during the period. KLP Kapitalforvaltning AS’s holdings in American Homes 4 Rent were worth $4,263,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. GF Fund Management CO. LTD. boosted its position in shares of American Homes 4 Rent by 5.1% in the 1st quarter. GF Fund Management CO. LTD. now owns 6,288 shares of the real estate investment trust’s stock valued at $238,000 after purchasing an additional 304 shares during the period. Arizona State Retirement System boosted its position in shares of American Homes 4 Rent by 0.4% in the 1st quarter. Arizona State Retirement System now owns 96,005 shares of the real estate investment trust’s stock valued at $3,630,000 after purchasing an additional 366 shares during the period. Avantax Advisory Services Inc. boosted its position in shares of American Homes 4 Rent by 1.1% in the 1st quarter. Avantax Advisory Services Inc. now owns 34,995 shares of the real estate investment trust’s stock valued at $1,323,000 after purchasing an additional 391 shares during the period. UniSuper Management Pty Ltd boosted its position in shares of American Homes 4 Rent by 0.4% in the 1st quarter. UniSuper Management Pty Ltd now owns 101,600 shares of the real estate investment trust’s stock valued at $3,841,000 after purchasing an additional 400 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of American Homes 4 Rent by 0.7% in the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 63,490 shares of the real estate investment trust’s stock valued at $2,401,000 after purchasing an additional 452 shares during the period. Institutional investors and hedge funds own 91.87% of the company’s stock.

American Homes 4 Rent Stock Down 0.1%

AMH opened at $32.52 on Friday. American Homes 4 Rent has a fifty-two week low of $31.68 and a fifty-two week high of $39.49. The business has a 50-day moving average of $34.09 and a 200-day moving average of $35.77. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.88 and a quick ratio of 0.88. The company has a market capitalization of $12.06 billion, a PE ratio of 29.30, a price-to-earnings-growth ratio of 2.97 and a beta of 0.75.

American Homes 4 Rent (NYSE:AMH) last posted 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 the consensus estimate of $451.50 million. During the same period last year, the business earned $0.45 EPS. The business’s quarterly revenue was up 8.0% on a year-over-year basis. American Homes 4 Rent has set its FY 2025 guidance at 1.840-1.880 EPS. Equities research analysts forecast that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.7%. American Homes 4 Rent’s dividend payout ratio (DPR) is 108.11%.

Analyst Ratings Changes

A number of research firms recently weighed in on AMH. Weiss Ratings reiterated a “hold (c)” rating on shares of American Homes 4 Rent in a research report on Wednesday. Wolfe Research upgraded 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 research report on Thursday, October 2nd. Barclays decreased their price target on American Homes 4 Rent from $40.00 to $39.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 12th. Morgan Stanley raised their price objective on American Homes 4 Rent from $40.50 to $41.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 19th. Finally, Evercore ISI decreased their price objective on American Homes 4 Rent from $41.00 to $40.00 and set an “outperform” rating for the company in a research report on Monday, September 15th. Seven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $39.69.

American Homes 4 Rent Company 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.