Strs Ohio Increases Stake in American Homes 4 Rent $AMH

Strs Ohio increased its position in shares of American Homes 4 Rent (NYSE:AMH) by 15.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 163,648 shares of the real estate investment trust’s stock after buying an additional 22,147 shares during the period. Strs Ohio’s holdings in American Homes 4 Rent were worth $5,441,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of American Homes 4 Rent in the 2nd quarter valued at approximately $796,706,000. Geode Capital Management LLC increased its holdings in American Homes 4 Rent by 0.4% in the second quarter. Geode Capital Management LLC now owns 6,964,813 shares of the real estate investment trust’s stock valued at $250,566,000 after buying an additional 31,179 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in American Homes 4 Rent by 1.3% in the second quarter. Charles Schwab Investment Management Inc. now owns 4,421,478 shares of the real estate investment trust’s stock valued at $159,483,000 after buying an additional 54,618 shares in the last quarter. Burgundy Asset Management Ltd. lifted its holdings in American Homes 4 Rent by 4.1% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 4,280,147 shares of the real estate investment trust’s stock worth $154,385,000 after buying an additional 168,851 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of American Homes 4 Rent by 2.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,043,364 shares of the real estate investment trust’s stock worth $109,774,000 after acquiring an additional 86,735 shares in the last quarter. Institutional investors and hedge funds own 91.87% of the company’s stock.

Insider Activity at American Homes 4 Rent

In other news, Director Douglas N. Benham acquired 1,000 shares of the stock in a transaction that occurred on Wednesday, November 19th. The shares were purchased at an average cost of $31.65 per share, for a total transaction of $31,650.00. Following the transaction, the director directly owned 7,991 shares in the company, valued at approximately $252,915.15. This represents a 14.30% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jack E. Corrigan acquired 5,000 shares of the business’s stock in a transaction on Tuesday, December 9th. The shares were purchased at an average price of $22.96 per share, with a total value of $114,800.00. Following the transaction, the director owned 17,300 shares in the company, valued at $397,208. The trade was a 40.65% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 6.32% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. UBS Group decreased their target price on American Homes 4 Rent from $38.00 to $33.00 and set a “neutral” rating for the company in a research note on Thursday, January 8th. Wall Street Zen downgraded shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Sunday, January 18th. Evercore ISI dropped their target price on shares of American Homes 4 Rent from $40.00 to $39.00 and set an “outperform” rating on the stock in a research report on Friday, October 31st. Weiss Ratings reiterated a “hold (c)” rating on shares of American Homes 4 Rent in a research note on Wednesday, January 21st. Finally, Morgan Stanley decreased their price objective on shares of American Homes 4 Rent from $41.00 to $40.00 and set an “overweight” rating for the company in a research note on Thursday, November 13th. Eight research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, American Homes 4 Rent currently has an average rating of “Hold” and an average target price of $37.44.

American Homes 4 Rent Stock Down 0.3%

Shares of NYSE:AMH opened at $31.88 on Tuesday. American Homes 4 Rent has a 1-year low of $28.84 and a 1-year high of $39.49. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.41 and a quick ratio of 0.41. The stock has a market cap of $11.83 billion, a P/E ratio of 27.02, a P/E/G ratio of 3.05 and a beta of 0.79. The firm has a fifty day moving average price of $31.65 and a 200 day moving average price of $33.13.

American Homes 4 Rent (NYSE:AMH) last announced its earnings results on Wednesday, October 29th. The real estate investment trust reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. American Homes 4 Rent had a net margin of 24.70% and a return on equity of 5.90%. The business had revenue of $478.46 million during the quarter, compared to analysts’ expectations of $475.75 million. During the same period in the prior year, the company earned $0.44 earnings per share. The business’s revenue was up 7.5% compared to the same quarter last year. American Homes 4 Rent has set its FY 2025 guidance at 1.860-1.88 EPS. Sell-side analysts predict that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Monday, December 15th. American Homes 4 Rent’s dividend payout ratio (DPR) is 101.69%.

American Homes 4 Rent Company Profile

American Homes 4 Rent (NYSE: AMH) is a publicly traded real estate investment trust (REIT) specializing in the acquisition, development and management of single-family rental homes. Since its initial public offering in April 2013, the company has focused on building a large-scale, professionally managed portfolio of homes designed to meet the needs of today’s renters. Its business model emphasizes the acquisition of well-located properties coupled with consistent, in-house property management to drive occupancy and long-term value.

As of the most recent reporting, American Homes 4 Rent owns and operates tens of thousands of homes across the United States, with concentration in key Sun Belt and high-growth markets.