Mirae Asset Global Investments Co. Ltd. Sells 4,902 Shares of American Homes 4 Rent $AMH

Mirae Asset Global Investments Co. Ltd. reduced its position in American Homes 4 Rent (NYSE:AMH) by 36.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,685 shares of the real estate investment trust’s stock after selling 4,902 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in American Homes 4 Rent were worth $313,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

AMH has been the subject of several research analyst reports. The Goldman Sachs Group lowered shares of American Homes 4 Rent from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $43.00 to $37.00 in a research report on Wednesday, September 17th. Evercore ISI reduced their price target on shares of American Homes 4 Rent from $41.00 to $40.00 and set an “outperform” rating for the company in a research report on Monday, September 15th. Barclays reduced 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. Wolfe Research raised shares of American Homes 4 Rent from a “peer perform” rating to an “outperform” rating and set a $38.00 price target for the company in a research report on Thursday, October 2nd. Finally, Morgan Stanley raised their price target on shares of American Homes 4 Rent from $40.50 to $41.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 19th. Seven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $39.69.

American Homes 4 Rent Price Performance

NYSE:AMH opened at $32.52 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a market cap of $12.06 billion, a price-to-earnings ratio of 29.30, a price-to-earnings-growth ratio of 2.97 and a beta of 0.75. The company has a 50 day moving average price of $34.09 and a 200-day moving average price of $35.77. American Homes 4 Rent has a 1-year low of $31.68 and a 1-year high of $39.49.

American Homes 4 Rent (NYSE:AMH) last posted its earnings results on Thursday, July 31st. The real estate investment trust reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.01. The firm had revenue of $457.50 million during the quarter, compared to analyst estimates of $451.50 million. American Homes 4 Rent had a net margin of 23.72% and a return on equity of 5.60%. The business’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.45 EPS. American Homes 4 Rent has set its FY 2025 guidance at 1.840-1.880 EPS. Equities research analysts forecast that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Monday, September 15th. American Homes 4 Rent’s payout ratio is 108.11%.

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.