Louisiana State Employees Retirement System Has $3.23 Million Stake in American Homes 4 Rent $AMH

Louisiana State Employees Retirement System boosted its holdings in American Homes 4 Rent (NYSE:AMH) by 0.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 89,400 shares of the real estate investment trust’s stock after purchasing an additional 500 shares during the quarter. Louisiana State Employees Retirement System’s holdings in American Homes 4 Rent were worth $3,225,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. KLP Kapitalforvaltning AS grew its position in American Homes 4 Rent by 1.8% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 118,200 shares of the real estate investment trust’s stock valued at $4,263,000 after purchasing an additional 2,100 shares during the period. Robeco Institutional Asset Management B.V. grew its position in American Homes 4 Rent by 15.0% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 255,279 shares of the real estate investment trust’s stock valued at $9,208,000 after purchasing an additional 33,344 shares during the period. Public Employees Retirement System of Ohio grew its position in American Homes 4 Rent by 3.0% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 568,908 shares of the real estate investment trust’s stock valued at $20,521,000 after purchasing an additional 16,644 shares during the period. GAMMA Investing LLC grew its position in American Homes 4 Rent by 18.0% in the 2nd quarter. GAMMA Investing LLC now owns 3,849 shares of the real estate investment trust’s stock valued at $139,000 after purchasing an additional 588 shares during the period. Finally, Park Avenue Securities LLC grew its position in American Homes 4 Rent by 17.4% in the 2nd quarter. Park Avenue Securities LLC now owns 7,707 shares of the real estate investment trust’s stock valued at $278,000 after purchasing an additional 1,142 shares during the period. Institutional investors and hedge funds own 91.87% of the company’s stock.

American Homes 4 Rent Price Performance

Shares of NYSE:AMH opened at $32.54 on Friday. The company’s 50-day moving average is $34.15 and its 200 day moving average is $35.80. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.88 and a current ratio of 0.88. The company has a market capitalization of $12.07 billion, a P/E ratio of 29.32, a price-to-earnings-growth ratio of 2.98 and a beta of 0.75. American Homes 4 Rent has a fifty-two week low of $31.68 and a fifty-two week high of $39.49.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. The company had revenue of $457.50 million for the quarter, compared to the consensus estimate of $451.50 million. American Homes 4 Rent had a net margin of 23.72% and a return on equity of 5.60%. The firm’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. On average, 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 business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis 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%.

Analysts Set New Price Targets

Several research firms recently issued reports on AMH. Weiss Ratings reissued a “hold (c)” rating on shares of American Homes 4 Rent in a research report on Wednesday. Morgan Stanley lifted their price target on shares of American Homes 4 Rent from $40.50 to $41.00 and gave the company an “overweight” rating in a research report on Tuesday, August 19th. Barclays cut their price objective on shares of American Homes 4 Rent from $40.00 to $39.00 and set an “equal weight” rating on the stock in a 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 objective on the stock in a report on Thursday, October 2nd. Finally, Evercore ISI cut their price objective on shares of American Homes 4 Rent from $41.00 to $40.00 and set an “outperform” rating on the stock in a report on Monday, September 15th. Seven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $39.69.

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.