American Homes 4 Rent $AMH Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. decreased its position in shares of American Homes 4 Rent (NYSE:AMH) by 0.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 86,313 shares of the real estate investment trust’s stock after selling 583 shares during the period. Oppenheimer Asset Management Inc.’s holdings in American Homes 4 Rent were worth $3,113,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its stake in shares of American Homes 4 Rent by 15.2% during the first quarter. JPMorgan Chase & Co. now owns 15,899,721 shares of the real estate investment trust’s stock valued at $601,169,000 after acquiring an additional 2,094,497 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in American Homes 4 Rent by 0.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 4,366,860 shares of the real estate investment trust’s stock valued at $165,111,000 after purchasing an additional 32,825 shares during the last quarter. Northern Trust Corp boosted its holdings in American Homes 4 Rent by 2.0% in the first quarter. Northern Trust Corp now owns 4,268,625 shares of the real estate investment trust’s stock valued at $161,397,000 after purchasing an additional 85,084 shares during the last quarter. Burgundy Asset Management Ltd. grew its stake in American Homes 4 Rent by 6.9% during the 1st quarter. Burgundy Asset Management Ltd. now owns 4,111,296 shares of the real estate investment trust’s stock valued at $155,448,000 after purchasing an additional 266,744 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in American Homes 4 Rent by 21.8% during 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 during the last quarter. Institutional investors and hedge funds own 91.87% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on AMH shares. Wells Fargo & Company reduced their target price on American Homes 4 Rent from $39.00 to $38.00 and set an “overweight” rating for the company in a research note on Monday, October 13th. Evercore ISI reduced 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 research note on Monday, September 15th. 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 for the company in a report on Thursday, October 2nd. Morgan Stanley upped their target price on shares of American Homes 4 Rent from $40.50 to $41.00 and gave the company an “overweight” rating in a research note on Tuesday, August 19th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Homes 4 Rent in a research report on Wednesday, October 8th. Eight investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $39.36.

American Homes 4 Rent Stock Performance

Shares of NYSE AMH opened at $32.60 on Wednesday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.66. The firm’s 50-day moving average price is $33.68 and its two-hundred day moving average price is $35.53. American Homes 4 Rent has a 52-week low of $31.68 and a 52-week high of $39.49. The stock has a market capitalization of $12.09 billion, a P/E ratio of 29.37, a P/E/G ratio of 3.06 and a beta of 0.75.

American Homes 4 Rent (NYSE:AMH) last announced 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 business had revenue of $457.50 million for 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%.The business’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the firm earned $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 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 announced 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 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date was Monday, September 15th. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 108.11%.

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.