Police & Firemen s Retirement System of New Jersey Purchases 6,646 Shares of American Homes 4 Rent $AMH

Police & Firemen s Retirement System of New Jersey raised its position in American Homes 4 Rent (NYSE:AMH) by 5.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 129,627 shares of the real estate investment trust’s stock after acquiring an additional 6,646 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in American Homes 4 Rent were worth $4,676,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of AMH. Nuveen LLC bought a new stake in shares of American Homes 4 Rent during the 1st quarter valued at about $113,669,000. Deutsche Bank AG boosted its holdings in shares of American Homes 4 Rent by 336.7% in the first quarter. Deutsche Bank AG now owns 3,079,945 shares of the real estate investment trust’s stock worth $116,453,000 after buying an additional 2,374,678 shares during the last quarter. JPMorgan Chase & Co. grew its position in American Homes 4 Rent by 15.2% during the first quarter. JPMorgan Chase & Co. now owns 15,899,721 shares of the real estate investment trust’s stock valued at $601,169,000 after buying an additional 2,094,497 shares during the period. Centersquare Investment Management LLC increased its holdings in American Homes 4 Rent by 283.7% during the first quarter. Centersquare Investment Management LLC now owns 1,825,434 shares of the real estate investment trust’s stock valued at $69,020,000 after buying an additional 1,349,634 shares during the last quarter. Finally, Alyeska Investment Group L.P. raised its position in American Homes 4 Rent by 50.6% in the first quarter. Alyeska Investment Group L.P. now owns 2,995,393 shares of the real estate investment trust’s stock worth $113,256,000 after acquiring an additional 1,006,133 shares during the period. 91.87% of the stock is owned by hedge funds and other institutional investors.

American Homes 4 Rent Stock Up 0.9%

NYSE AMH opened at $31.97 on Friday. American Homes 4 Rent has a 12 month low of $31.01 and a 12 month high of $39.49. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.62. The stock has a market cap of $11.87 billion, a PE ratio of 27.10, a P/E/G ratio of 2.84 and a beta of 0.75. The stock’s 50 day moving average is $32.81 and its 200 day moving average is $35.10.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, beating 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 $478.46 million for the quarter, compared to analysts’ expectations of $475.75 million. During the same quarter last year, the business posted $0.44 earnings per share. The company’s revenue for the quarter 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. Research analysts predict that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

American Homes 4 Rent Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Monday, December 15th. American Homes 4 Rent’s payout ratio is currently 101.69%.

Wall Street Analysts Forecast Growth

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

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.