American Homes 4 Rent $AMH Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp raised its holdings in American Homes 4 Rent (NYSE:AMH) by 2.9% during the second quarter, Holdings Channel.com reports. The firm owned 3,043,364 shares of the real estate investment trust’s stock after purchasing an additional 86,735 shares during the period. Bank of New York Mellon Corp’s holdings in American Homes 4 Rent were worth $109,774,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. increased its position in shares of American Homes 4 Rent by 15.2% during the 1st quarter. JPMorgan Chase & Co. now owns 15,899,721 shares of the real estate investment trust’s stock worth $601,169,000 after purchasing an additional 2,094,497 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in 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 buying an additional 32,825 shares during the last quarter. Northern Trust Corp boosted its stake in American Homes 4 Rent by 2.0% during the first quarter. Northern Trust Corp now owns 4,268,625 shares of the real estate investment trust’s stock worth $161,397,000 after buying an additional 85,084 shares during the period. Burgundy Asset Management Ltd. increased its position in shares of American Homes 4 Rent by 6.9% during the first quarter. Burgundy Asset Management Ltd. now owns 4,111,296 shares of the real estate investment trust’s stock valued at $155,448,000 after acquiring an additional 266,744 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of American Homes 4 Rent by 21.8% during the first quarter. Goldman Sachs Group Inc. now owns 3,883,018 shares of the real estate investment trust’s stock valued at $146,817,000 after acquiring an additional 695,500 shares during the last quarter. 91.87% of the stock is currently owned by hedge funds and other institutional investors.

American Homes 4 Rent Price Performance

American Homes 4 Rent stock opened at $31.98 on Friday. 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 has a 52-week low of $31.01 and a 52-week high of $39.49. The firm has a market cap of $11.86 billion, a PE ratio of 27.10, a price-to-earnings-growth ratio of 2.81 and a beta of 0.75. The company’s 50 day moving average is $33.11 and its two-hundred day moving average is $35.29.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. The business had revenue of ($916.78) million for 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%.The company’s revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.44 earnings per share. American Homes 4 Rent has set its FY 2025 guidance at 1.860-1.88 EPS. On average, research analysts expect that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be issued a dividend of $0.30 per share. 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 is 101.69%.

Analyst Ratings Changes

AMH has been the topic of several recent analyst reports. Morgan Stanley upped their price objective on shares of American Homes 4 Rent from $40.50 to $41.00 and gave the stock an “overweight” rating in a report on Tuesday, August 19th. The Goldman Sachs Group lowered American Homes 4 Rent from a “buy” rating to a “neutral” rating and cut their target price for the company from $43.00 to $37.00 in a research report on Wednesday, September 17th. Weiss Ratings restated a “hold (c)” rating on shares of American Homes 4 Rent in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods dropped their price objective on American Homes 4 Rent from $40.00 to $37.00 and set a “market perform” rating for the company in a research note on Wednesday. Finally, Wall Street Zen downgraded American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. Eight equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $39.07.

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.