Axa S.A. Raises Stake in American Homes 4 Rent $AMH

Axa S.A. lifted its holdings in American Homes 4 Rent (NYSE:AMH) by 13.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 600,387 shares of the real estate investment trust’s stock after acquiring an additional 72,040 shares during the period. Axa S.A. owned approximately 0.16% of American Homes 4 Rent worth $21,656,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. boosted its position 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 worth $30,000 after buying an additional 747 shares during the period. AlphaQuest LLC purchased a new position in American Homes 4 Rent in the 2nd quarter worth approximately $33,000. SVB Wealth LLC acquired a new stake in American Homes 4 Rent in the first quarter valued at approximately $42,000. Oliver Lagore Vanvalin Investment Group purchased a new stake in shares of American Homes 4 Rent during the second quarter valued at approximately $49,000. Finally, National Pension Service lifted its position in shares of American Homes 4 Rent by 75.0% during the first quarter. National Pension Service now owns 1,400 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 600 shares in the last quarter. 91.87% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at American Homes 4 Rent

In other American Homes 4 Rent news, Director Douglas N. Benham purchased 1,000 shares of the business’s stock in a transaction dated Wednesday, November 19th. The shares were bought at an average price of $31.65 per share, with a total value of $31,650.00. Following the completion of the acquisition, the director owned 7,991 shares in the company, valued at approximately $252,915.15. This represents a 14.30% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 6.32% of the company’s stock.

American Homes 4 Rent Stock Performance

AMH stock opened at $30.85 on Thursday. The stock’s 50 day simple moving average is $32.15 and its 200 day simple moving average is $34.26. American Homes 4 Rent has a 12-month low of $30.11 and a 12-month high of $39.49. The firm has a market cap of $11.45 billion, a P/E ratio of 26.14, a P/E/G ratio of 2.83 and a beta of 0.80. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.62.

American Homes 4 Rent (NYSE:AMH) last released its earnings results on Wednesday, October 29th. The real estate investment trust reported $0.47 earnings per share 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 during the quarter, compared to analyst estimates of $475.75 million. During the same quarter in the previous year, the firm earned $0.44 earnings per share. The firm’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. As a group, equities research analysts predict that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Monday, December 15th. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 101.69%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Scotiabank dropped their price target on shares of American Homes 4 Rent from $41.00 to $35.00 and set a “sector perform” rating on the stock in a research note on Monday, November 10th. The Goldman Sachs Group lowered American Homes 4 Rent from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $43.00 to $37.00 in a research report on Wednesday, September 17th. Morgan Stanley reduced their price target on American Homes 4 Rent from $41.00 to $40.00 and set an “overweight” rating for the company in a report on Thursday, November 13th. Wells Fargo & Company cut their target price on American Homes 4 Rent from $38.00 to $37.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 25th. Finally, Mizuho decreased their price target on shares of American Homes 4 Rent from $36.00 to $34.00 and set an “outperform” rating for the company in a research report on Tuesday, October 21st. Eight investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $38.14.

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.