Swiss National Bank Increases Holdings in American Homes 4 Rent $AMH

Swiss National Bank raised its position in shares of American Homes 4 Rent (NYSE:AMH) by 7.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,006,717 shares of the real estate investment trust’s stock after purchasing an additional 70,400 shares during the period. Swiss National Bank owned about 0.27% of American Homes 4 Rent worth $36,312,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. Hantz Financial Services Inc. raised its holdings in shares of American Homes 4 Rent by 922.2% in the second quarter. Hantz Financial Services Inc. now owns 828 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 747 shares in the last quarter. AlphaQuest LLC purchased a new position in American Homes 4 Rent during the 2nd quarter valued at about $33,000. Pandora Wealth Inc. purchased a new position in American Homes 4 Rent during the 1st quarter valued at about $38,000. SVB Wealth LLC bought a new stake in shares of American Homes 4 Rent in the 1st quarter valued at about $42,000. Finally, Oliver Lagore Vanvalin Investment Group purchased a new stake in shares of American Homes 4 Rent in the 2nd quarter worth approximately $49,000. 91.87% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. The Goldman Sachs Group downgraded shares of American Homes 4 Rent from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $43.00 to $37.00 in a research note on Wednesday, September 17th. Wolfe Research raised shares of 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. Wells Fargo & Company reduced their price objective on shares of American Homes 4 Rent from $39.00 to $38.00 and set an “overweight” rating for the company in a research note on Monday, October 13th. Keefe, Bruyette & Woods decreased their target price on shares of American Homes 4 Rent from $40.00 to $37.00 and set a “market perform” rating for the company in a research report on Wednesday, November 5th. Finally, Mizuho cut their price target on shares of 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. Eight investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, American Homes 4 Rent currently has an average rating of “Moderate Buy” and a consensus price target of $38.57.

American Homes 4 Rent Price Performance

NYSE AMH opened at $32.47 on Tuesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.41 and a quick ratio of 0.41. The stock’s fifty day moving average price is $32.55 and its 200 day moving average price is $34.81. American Homes 4 Rent has a 1 year low of $31.01 and a 1 year high of $39.49. The company has a market cap of $12.05 billion, a price-to-earnings ratio of 27.51, a PEG ratio of 2.88 and a beta of 0.75.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. The company had revenue of $478.46 million during the quarter, compared to analysts’ expectations of $475.75 million. American Homes 4 Rent had a return on equity of 5.90% and a net margin of 24.70%.The firm’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.44 EPS. American Homes 4 Rent has set its FY 2025 guidance at 1.860-1.88 EPS. As a group, equities research analysts forecast that American Homes 4 Rent will post 1.85 earnings per share for the current year.

American Homes 4 Rent Dividend Announcement

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. The ex-dividend date is Monday, December 15th. This represents a $1.20 dividend on an annualized basis and a yield of 3.7%. American Homes 4 Rent’s dividend payout ratio is currently 101.69%.

Insiders Place Their Bets

In other American Homes 4 Rent news, Director Douglas N. Benham purchased 1,000 shares of American Homes 4 Rent stock in a transaction on Wednesday, November 19th. The stock was bought at an average cost of $31.65 per share, with a total value of $31,650.00. Following the transaction, the director owned 7,991 shares of the company’s stock, valued at $252,915.15. This represents a 14.30% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 6.01% of the company’s stock.

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.