Pensionfund DSM Netherlands Cuts Stock Position in American Homes 4 Rent $AMH

Pensionfund DSM Netherlands reduced its position in American Homes 4 Rent (NYSE:AMH) by 6.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 45,000 shares of the real estate investment trust’s stock after selling 3,000 shares during the quarter. Pensionfund DSM Netherlands’ holdings in American Homes 4 Rent were worth $1,701,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Strs Ohio purchased a new position in shares of American Homes 4 Rent in the 1st quarter worth about $9,412,000. Focus Partners Wealth boosted its holdings in shares of American Homes 4 Rent by 2.6% in the 1st quarter. Focus Partners Wealth now owns 689,485 shares of the real estate investment trust’s stock worth $26,069,000 after purchasing an additional 17,737 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of American Homes 4 Rent by 21.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,883,018 shares of the real estate investment trust’s stock worth $146,817,000 after purchasing an additional 695,500 shares in the last quarter. Adelante Capital Management LLC boosted its holdings in shares of American Homes 4 Rent by 9.0% in the 1st quarter. Adelante Capital Management LLC now owns 913,578 shares of the real estate investment trust’s stock worth $34,542,000 after purchasing an additional 75,775 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in shares of American Homes 4 Rent by 1,103.6% in the 1st quarter. Jones Financial Companies Lllp now owns 13,047 shares of the real estate investment trust’s stock worth $493,000 after purchasing an additional 11,963 shares in the last quarter. 91.87% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Morgan Stanley upped their price objective on American Homes 4 Rent from $40.50 to $41.00 and gave the stock an “overweight” rating in a report on Tuesday, August 19th. Citigroup cut American Homes 4 Rent from a “buy” rating to a “neutral” rating and set a $41.00 price objective for the company. in a report on Friday, June 6th. Finally, Barclays dropped their target price on American Homes 4 Rent from $40.00 to $39.00 and set an “equal weight” rating for the company in a report on Tuesday, August 12th. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.42.

American Homes 4 Rent Trading Down 1.5%

Shares of AMH stock opened at $34.11 on Friday. The stock has a market capitalization of $12.65 billion, a PE ratio of 30.73, a P/E/G ratio of 2.92 and a beta of 0.75. American Homes 4 Rent has a 1-year low of $31.68 and a 1-year high of $41.41. The business has a 50-day moving average of $35.26 and a 200 day moving average of $36.23. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.88 and a quick ratio of 0.88.

American Homes 4 Rent (NYSE:AMH) last issued 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 company had revenue of $457.50 million during the quarter, compared to analysts’ expectations of $451.50 million. American Homes 4 Rent had a return on equity of 5.60% and a net margin of 23.72%.American Homes 4 Rent’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.45 EPS. American Homes 4 Rent has set its FY 2025 guidance at 1.840-1.880 EPS. As a group, sell-side analysts anticipate that American Homes 4 Rent will post 1.85 earnings per share for the current year.

American Homes 4 Rent Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.20 dividend on an annualized basis and a yield of 3.5%. American Homes 4 Rent’s dividend payout ratio is presently 108.11%.

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.