Malaga Cove Capital LLC Purchases Shares of 8,311 American Homes 4 Rent $AMH

Malaga Cove Capital LLC acquired a new position in shares of American Homes 4 Rent (NYSE:AMH) in the 2nd quarter, Holdings Channel reports. The fund acquired 8,311 shares of the real estate investment trust’s stock, valued at approximately $300,000.

Several other large investors have also modified their holdings of the stock. Hantz Financial Services Inc. raised its stake in American Homes 4 Rent by 922.2% during the 2nd quarter. Hantz Financial Services Inc. now owns 828 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 747 shares in the last quarter. AlphaQuest LLC acquired a new position in American Homes 4 Rent in the second quarter valued at $33,000. Pandora Wealth Inc. purchased a new position in shares of American Homes 4 Rent during the first quarter worth about $38,000. SVB Wealth LLC purchased a new position in shares of American Homes 4 Rent during the first quarter worth about $42,000. Finally, Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of American Homes 4 Rent during the second quarter worth about $49,000. Institutional investors and hedge funds own 91.87% of the company’s stock.

American Homes 4 Rent Stock Up 1.2%

Shares of NYSE:AMH opened at $31.98 on Friday. American Homes 4 Rent has a fifty-two week low of $31.01 and a fifty-two week high of $39.49. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.62. The firm’s 50-day simple moving average is $33.11 and its 200-day simple moving average is $35.29. The company has a market cap of $11.86 billion, a price-to-earnings ratio of 27.10, a PEG ratio of 2.81 and a beta of 0.75.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of ($916.78) million during the quarter, compared to analysts’ expectations of $475.75 million. During the same period in the prior year, the company posted $0.44 earnings per share. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. American Homes 4 Rent has set its FY 2025 guidance at 1.860-1.88 EPS. As a group, equities research analysts predict that American Homes 4 Rent will post 1.85 earnings per share for the current year.

American Homes 4 Rent Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Monday, December 15th. American Homes 4 Rent’s dividend payout ratio (DPR) is currently 101.69%.

Wall Street Analysts Forecast Growth

AMH has been the subject of a number of research analyst reports. Morgan Stanley upped their target price on American Homes 4 Rent from $40.50 to $41.00 and gave the company an “overweight” rating in a research report on Tuesday, August 19th. Wall Street Zen cut American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Keefe, Bruyette & Woods lowered their target price on shares of American Homes 4 Rent from $40.00 to $37.00 and set a “market perform” rating on the stock in a research report on Wednesday. Weiss Ratings reiterated a “hold (c)” rating on shares of American Homes 4 Rent in a research report on Wednesday, October 8th. Finally, Mizuho decreased their price target on shares of American Homes 4 Rent from $36.00 to $34.00 and set an “outperform” rating for the company in a research note on Tuesday, October 21st. Eight analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $39.07.

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.