Nordea Investment Management AB Purchases 2,485 Shares of American Homes 4 Rent $AMH

Nordea Investment Management AB lifted its position in shares of American Homes 4 Rent (NYSE:AMH) by 11.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,973 shares of the real estate investment trust’s stock after purchasing an additional 2,485 shares during the quarter. Nordea Investment Management AB’s holdings in American Homes 4 Rent were worth $891,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Golden State Wealth Management LLC bought a new position in shares of American Homes 4 Rent during the first quarter worth $29,000. Pandora Wealth Inc. bought a new position in shares of American Homes 4 Rent during the first quarter worth $38,000. SVB Wealth LLC bought a new position in shares of American Homes 4 Rent during the first quarter worth $42,000. Oliver Lagore Vanvalin Investment Group bought a new position in shares of American Homes 4 Rent during the second quarter worth $49,000. Finally, Avalon Trust Co bought a new position in shares of American Homes 4 Rent during the first quarter worth $52,000. 91.87% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on AMH shares. Wolfe Research upgraded 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. The Goldman Sachs Group lowered shares of American Homes 4 Rent from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $43.00 to $37.00 in a report on Wednesday, September 17th. Morgan Stanley raised their price objective on shares of American Homes 4 Rent from $40.50 to $41.00 and gave the stock an “overweight” rating in a report on Tuesday, August 19th. Barclays dropped 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. Finally, Wells Fargo & Company dropped their price objective on shares of American Homes 4 Rent from $39.00 to $38.00 and set an “overweight” rating on the stock in a report on Monday, October 13th. Eight equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $39.36.

American Homes 4 Rent Stock Down 0.0%

Shares of AMH stock opened at $33.29 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.66. American Homes 4 Rent has a 1 year low of $31.68 and a 1 year high of $39.49. The firm’s fifty day moving average price is $33.77 and its two-hundred day moving average price is $35.53. The firm has a market capitalization of $12.35 billion, a P/E 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 (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.01. American Homes 4 Rent had a net margin of 23.72% and a return on equity of 5.60%. The firm had revenue of $457.50 million for the quarter, compared to analyst estimates of $451.50 million. During the same period in the previous year, the business earned $0.45 EPS. The company’s revenue was up 8.0% compared to the same quarter last year. American Homes 4 Rent has set its FY 2025 guidance at 1.840-1.880 EPS. On average, equities analysts predict that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

American Homes 4 Rent Dividend Announcement

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