Andra AP fonden Raises Stock Holdings in American Homes 4 Rent $AMH

Andra AP fonden raised its stake in American Homes 4 Rent (NYSE:AMH) by 227.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 78,500 shares of the real estate investment trust’s stock after purchasing an additional 54,500 shares during the period. Andra AP fonden’s holdings in American Homes 4 Rent were worth $2,831,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of AMH. Cerity Partners LLC boosted its holdings in shares of American Homes 4 Rent by 152.4% in the 1st quarter. Cerity Partners LLC now owns 43,157 shares of the real estate investment trust’s stock valued at $1,632,000 after buying an additional 26,057 shares in the last quarter. State of Michigan Retirement System lifted its position in American Homes 4 Rent by 1.1% during the first quarter. State of Michigan Retirement System now owns 75,900 shares of the real estate investment trust’s stock valued at $2,870,000 after acquiring an additional 800 shares during the last quarter. Arizona State Retirement System lifted its position in American Homes 4 Rent by 0.4% during the first quarter. Arizona State Retirement System now owns 96,005 shares of the real estate investment trust’s stock valued at $3,630,000 after acquiring an additional 366 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in American Homes 4 Rent by 1.0% in the first quarter. Louisiana State Employees Retirement System now owns 88,900 shares of the real estate investment trust’s stock valued at $3,361,000 after acquiring an additional 900 shares in the last quarter. Finally, Edgestream Partners L.P. purchased a new position in American Homes 4 Rent in the first quarter worth $5,706,000. 91.87% of the stock is owned by hedge funds and other institutional investors.

American Homes 4 Rent Trading Up 1.2%

American Homes 4 Rent stock opened at $31.98 on Friday. The stock has a 50-day moving average price of $33.11 and a 200 day moving average price of $35.29. The company has a market capitalization of $11.86 billion, a price-to-earnings ratio of 27.10, a price-to-earnings-growth ratio of 2.81 and a beta of 0.75. American Homes 4 Rent has a 52 week low of $31.01 and a 52 week high of $39.49. 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 (NYSE:AMH) last issued its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $0.47 earnings per share for the quarter, topping 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 company had revenue of ($916.78) million for the quarter, compared to the consensus estimate of $475.75 million. During the same quarter in the prior year, the company earned $0.44 EPS. American Homes 4 Rent’s quarterly revenue was up 7.5% on a year-over-year basis. American Homes 4 Rent has set its FY 2025 guidance at 1.860-1.88 EPS. Sell-side analysts anticipate that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Monday, December 15th. American Homes 4 Rent’s dividend payout ratio (DPR) is 101.69%.

Analysts Set New Price Targets

Several analysts have recently commented on AMH shares. Wells Fargo & Company decreased their price objective 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. Wall Street Zen cut American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Wolfe Research raised 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 report on Thursday, October 2nd. The Goldman Sachs Group downgraded shares of American Homes 4 Rent from a “buy” rating to a “neutral” rating and cut their price objective for the company from $43.00 to $37.00 in a report on Wednesday, September 17th. Finally, Barclays lowered their target price 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 note on Tuesday, August 12th. Eight research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, American Homes 4 Rent presently has an average rating of “Moderate Buy” and a consensus target price of $39.07.

About American Homes 4 Rent

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.