Mitsubishi UFJ Asset Management Co. Ltd. Buys 6,501 Shares of American Homes 4 Rent $AMH

Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of American Homes 4 Rent (NYSE:AMH) by 1.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 515,093 shares of the real estate investment trust’s stock after purchasing an additional 6,501 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.14% of American Homes 4 Rent worth $18,579,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the company. Cerity Partners LLC raised its stake in American Homes 4 Rent by 152.4% in the 1st quarter. Cerity Partners LLC now owns 43,157 shares of the real estate investment trust’s stock valued at $1,632,000 after acquiring an additional 26,057 shares during the period. Sequoia Financial Advisors LLC purchased a new position in shares of American Homes 4 Rent in the second quarter worth about $311,000. Cbre Investment Management Listed Real Assets LLC increased its stake in shares of American Homes 4 Rent by 206.4% in the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,220,109 shares of the real estate investment trust’s stock worth $46,132,000 after purchasing an additional 821,874 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of American Homes 4 Rent by 0.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 4,366,860 shares of the real estate investment trust’s stock valued at $165,111,000 after purchasing an additional 32,825 shares during the period. Finally, Gotham Asset Management LLC lifted its stake in shares of American Homes 4 Rent by 16.7% during the 1st quarter. Gotham Asset Management LLC now owns 616,790 shares of the real estate investment trust’s stock valued at $23,321,000 after buying an additional 88,358 shares in the last quarter. 91.87% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on AMH shares. Barclays reduced their price objective on shares of American Homes 4 Rent from $40.00 to $39.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 12th. Scotiabank reduced their price target on American Homes 4 Rent from $41.00 to $35.00 and set a “sector perform” rating for the company in a research report on Monday. Mizuho dropped their price objective on American Homes 4 Rent from $36.00 to $34.00 and set an “outperform” rating on the stock in a report on Tuesday, October 21st. Wall Street Zen downgraded American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Finally, Wells Fargo & Company decreased their price target 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. Eight equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, American Homes 4 Rent currently has an average rating of “Moderate Buy” and a consensus target price of $38.64.

American Homes 4 Rent Stock Performance

NYSE:AMH opened at $32.10 on Wednesday. The business’s 50-day moving average price is $32.98 and its two-hundred day moving average price is $35.20. American Homes 4 Rent has a twelve month low of $31.01 and a twelve month high of $39.49. The stock has a market cap of $11.91 billion, a P/E ratio of 27.21, a PEG ratio of 2.80 and a beta of 0.75. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.62.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $0.47 EPS for the quarter, topping the consensus estimate of $0.46 by $0.01. The company had revenue of ($916.78) million during the quarter, compared to analyst estimates of $475.75 million. American Homes 4 Rent had a return on equity of 5.90% and a net margin of 24.70%.American Homes 4 Rent’s revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the firm 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, equities analysts predict that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

American Homes 4 Rent Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Monday, December 15th. American Homes 4 Rent’s payout ratio is currently 101.69%.

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.