Ontario Teachers Pension Plan Board Invests $1.13 Million in American Homes 4 Rent $AMH

Ontario Teachers Pension Plan Board acquired a new stake in shares of American Homes 4 Rent (NYSE:AMH) in the second quarter, HoldingsChannel reports. The institutional investor acquired 31,357 shares of the real estate investment trust’s stock, valued at approximately $1,131,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Cerity Partners LLC grew its stake in shares of American Homes 4 Rent by 152.4% in the first quarter. Cerity Partners LLC now owns 43,157 shares of the real estate investment trust’s stock worth $1,632,000 after acquiring an additional 26,057 shares during the last quarter. Allianz Asset Management GmbH grew its position in American Homes 4 Rent by 8.2% during the 1st quarter. Allianz Asset Management GmbH now owns 570,002 shares of the real estate investment trust’s stock valued at $21,552,000 after purchasing an additional 43,152 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in American Homes 4 Rent during the 1st quarter valued at about $31,344,000. B&I Capital AG increased its stake in American Homes 4 Rent by 59.8% during the 1st quarter. B&I Capital AG now owns 209,940 shares of the real estate investment trust’s stock valued at $7,938,000 after purchasing an additional 78,540 shares in the last quarter. Finally, AE Wealth Management LLC purchased a new position in American Homes 4 Rent in the first quarter worth about $237,000. 91.87% of the stock is owned by institutional investors.

Analysts Set New Price Targets

AMH has been the topic of a number of recent analyst reports. Barclays cut their price target on shares of American Homes 4 Rent from $40.00 to $39.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 12th. Wells Fargo & Company reduced their target price on American Homes 4 Rent from $39.00 to $38.00 and set an “overweight” rating for the company in a report on Monday, October 13th. Evercore ISI lowered their price target on American Homes 4 Rent from $40.00 to $39.00 and set an “outperform” rating on the stock in a report on Friday, October 31st. Wolfe Research raised American Homes 4 Rent from a “peer perform” rating to an “outperform” rating and set a $38.00 price objective on the stock in a research report on Thursday, October 2nd. Finally, Morgan Stanley decreased their target price on American Homes 4 Rent from $41.00 to $40.00 and set an “overweight” rating for the company in a research report on Thursday. Eight analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, American Homes 4 Rent currently has a consensus rating of “Moderate Buy” and an average target price of $38.57.

American Homes 4 Rent Price Performance

NYSE AMH opened at $31.97 on Monday. The business’s fifty day moving average price is $32.81 and its 200-day moving average price is $35.09. The stock has a market capitalization of $11.87 billion, a price-to-earnings ratio of 27.10, a PEG ratio of 2.84 and a beta of 0.75. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.41 and a quick ratio of 0.41. American Homes 4 Rent has a 1-year low of $31.01 and a 1-year high of $39.49.

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 $478.46 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 earnings per share. American Homes 4 Rent has set its FY 2025 guidance at 1.860-1.88 EPS. On average, equities 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. Shareholders of record on Monday, December 15th will be given a $0.30 dividend. The ex-dividend date is Monday, December 15th. This represents a $1.20 annualized dividend and a yield of 3.8%. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 101.69%.

American Homes 4 Rent 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.