National Pension Service Boosts Stock Holdings in American Homes 4 Rent $AMH

National Pension Service raised its stake in American Homes 4 Rent (NYSE:AMH) by 340.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,165 shares of the real estate investment trust’s stock after acquiring an additional 4,765 shares during the period. National Pension Service’s holdings in American Homes 4 Rent were worth $222,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Cerity Partners LLC lifted its position in American Homes 4 Rent by 152.4% during the first quarter. Cerity Partners LLC now owns 43,157 shares of the real estate investment trust’s stock valued at $1,632,000 after purchasing an additional 26,057 shares during the last quarter. Sequoia Financial Advisors LLC bought a new stake in shares of American Homes 4 Rent in the 2nd quarter worth about $311,000. Cbre Investment Management Listed Real Assets LLC raised its position in shares of American Homes 4 Rent by 206.4% during the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,220,109 shares of the real estate investment trust’s stock valued at $46,132,000 after buying 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% during the 1st 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 in the last quarter. Finally, Gotham Asset Management LLC lifted its holdings in shares of American Homes 4 Rent by 16.7% in 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 acquiring an additional 88,358 shares during the last quarter. Hedge funds and other institutional investors own 91.87% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Morgan Stanley reduced their price objective on American Homes 4 Rent from $41.00 to $40.00 and set an “overweight” rating on the stock in a research note on Thursday. Wells Fargo & Company dropped 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. The Goldman Sachs Group downgraded 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. Scotiabank lowered 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, November 10th. Finally, Wall Street Zen lowered shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Eight investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.57.

American Homes 4 Rent Trading Up 0.9%

Shares of NYSE AMH opened at $31.97 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 debt-to-equity ratio of 0.62, a quick ratio of 0.41 and a current ratio of 0.41. The company has a market cap 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 business’s 50 day moving average price is $32.81 and its 200-day moving average price is $35.10.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. American Homes 4 Rent had a return on equity of 5.90% and a net margin of 24.70%.The company had revenue of $478.46 million during the quarter, compared to analysts’ expectations of $475.75 million. During the same quarter in the previous year, the business earned $0.44 EPS. American Homes 4 Rent’s revenue was up 7.5% compared to the same quarter last year. American Homes 4 Rent has set its FY 2025 guidance at 1.860-1.88 EPS. On average, sell-side analysts expect that American Homes 4 Rent will post 1.85 earnings per share for the current year.

American Homes 4 Rent Dividend Announcement

The business 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. The ex-dividend date is Monday, December 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.8%. American Homes 4 Rent’s dividend payout ratio 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.