Cookson Peirce & Co. Inc. Boosts Stake in American Homes 4 Rent $AMH

Cookson Peirce & Co. Inc. boosted its position in shares of American Homes 4 Rent (NYSE:AMH) by 21.2% in the second quarter, Holdings Channel reports. The fund owned 17,402 shares of the real estate investment trust’s stock after purchasing an additional 3,043 shares during the quarter. Cookson Peirce & Co. Inc.’s holdings in American Homes 4 Rent were worth $628,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale increased its position in American Homes 4 Rent by 1.7% during the second quarter. DekaBank Deutsche Girozentrale now owns 264,067 shares of the real estate investment trust’s stock valued at $9,300,000 after acquiring an additional 4,351 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in American Homes 4 Rent during the second quarter valued at $6,558,000. Nordea Investment Management AB increased its position in American Homes 4 Rent by 11.1% during the second quarter. Nordea Investment Management AB now owns 24,973 shares of the real estate investment trust’s stock valued at $891,000 after acquiring an additional 2,485 shares during the last quarter. Generali Asset Management SPA SGR purchased a new stake in American Homes 4 Rent during the second quarter valued at $1,017,000. Finally, Naviter Wealth LLC purchased a new stake in American Homes 4 Rent during the second quarter valued at $664,000. Hedge funds and other institutional investors own 91.87% of the company’s stock.

American Homes 4 Rent Trading Down 0.0%

Shares of NYSE AMH opened at $33.29 on Friday. 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 business’s 50 day moving average price is $33.77 and its 200-day moving average price is $35.53. American Homes 4 Rent has a fifty-two week low of $31.68 and a fifty-two week high of $39.49. The company has a market cap of $12.35 billion, a price-to-earnings ratio of 29.99, a PEG ratio of 3.04 and a beta of 0.75.

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 the consensus estimate of $0.46 by $0.01. American Homes 4 Rent had a return on equity of 5.60% and a net margin of 23.72%.The firm had revenue of $457.50 million for the quarter, compared to the consensus estimate of $451.50 million. During the same period in the prior year, the business posted $0.45 earnings per share. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. American Homes 4 Rent has set its FY 2025 guidance at 1.840-1.880 EPS. On average, sell-side analysts expect that American Homes 4 Rent will post 1.85 earnings per share for the current year.

American Homes 4 Rent Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Monday, September 15th. American Homes 4 Rent’s dividend payout ratio is presently 108.11%.

Wall Street Analyst Weigh In

Several research firms have issued reports on AMH. Mizuho cut their price target on American Homes 4 Rent from $36.00 to $34.00 and set an “outperform” rating for the company in a report on Tuesday. Barclays decreased their target price on American Homes 4 Rent from $40.00 to $39.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 12th. Morgan Stanley boosted their target price on 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. Wells Fargo & Company decreased their target price on American Homes 4 Rent from $39.00 to $38.00 and set an “overweight” rating on the stock in a research report on Monday, October 13th. Finally, The Goldman Sachs Group downgraded American Homes 4 Rent from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $43.00 to $37.00 in a research report on Wednesday, September 17th. Eight investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $39.36.

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.