Asset Management One Co. Ltd. Trims Holdings in American Homes 4 Rent $AMH

Asset Management One Co. Ltd. lessened its holdings in shares of American Homes 4 Rent (NYSE:AMH) by 1.7% during the second quarter, Holdings Channel reports. The firm owned 676,641 shares of the real estate investment trust’s stock after selling 11,368 shares during the quarter. Asset Management One Co. Ltd.’s holdings in American Homes 4 Rent were worth $24,406,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. GF Fund Management CO. LTD. increased its holdings in American Homes 4 Rent by 5.1% during 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 increased its holdings in American Homes 4 Rent by 0.4% during 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. increased its holdings in American Homes 4 Rent by 1.1% during 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 increased its holdings in American Homes 4 Rent by 0.4% during 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 increased its holdings in American Homes 4 Rent by 0.7% during 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. Hedge funds and other institutional investors own 91.87% of the company’s stock.

American Homes 4 Rent Stock Performance

American Homes 4 Rent stock opened at $33.35 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.88 and a current ratio of 0.88. The stock’s 50 day simple moving average is $33.74 and its two-hundred day simple moving average is $35.55. American Homes 4 Rent has a fifty-two week low of $31.68 and a fifty-two week high of $39.49. The stock has a market cap of $12.37 billion, a price-to-earnings ratio of 30.05, a PEG ratio of 3.05 and a beta of 0.75.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.47 EPS 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 firm had revenue of $457.50 million for the quarter, compared to analysts’ expectations of $451.50 million. During the same period in the previous year, the firm posted $0.45 EPS. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. American Homes 4 Rent has set its FY 2025 guidance at 1.840-1.880 EPS. As a group, analysts expect that American Homes 4 Rent will post 1.85 earnings per share for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Monday, September 15th. American Homes 4 Rent’s payout ratio is currently 108.11%.

Analyst Upgrades and Downgrades

AMH has been the topic of a number of research analyst reports. Morgan Stanley boosted their price target on American Homes 4 Rent from $40.50 to $41.00 and gave the company an “overweight” rating in a report on Tuesday, August 19th. Barclays cut their price objective on American Homes 4 Rent from $40.00 to $39.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 12th. The Goldman Sachs Group cut American Homes 4 Rent from a “buy” rating to a “neutral” rating and cut their price objective for the company from $43.00 to $37.00 in a research report on Wednesday, September 17th. Wells Fargo & Company cut their price objective on American Homes 4 Rent from $39.00 to $38.00 and set an “overweight” rating on the stock in a research report on Monday, October 13th. Finally, Mizuho cut their price objective on American Homes 4 Rent from $36.00 to $34.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 21st. Eight research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.36.

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.