American Homes 4 Rent $AMH Shares Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio raised its position in American Homes 4 Rent (NYSE:AMH) by 3.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 568,908 shares of the real estate investment trust’s stock after purchasing an additional 16,644 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in American Homes 4 Rent were worth $20,521,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in AMH. Golden State Wealth Management LLC acquired a new stake in shares of American Homes 4 Rent in the first quarter valued at approximately $29,000. Parallel Advisors LLC boosted its holdings in shares of American Homes 4 Rent by 171.1% in the first quarter. Parallel Advisors LLC now owns 843 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 532 shares in the last quarter. Pandora Wealth Inc. bought a new position in shares of American Homes 4 Rent in the first quarter valued at approximately $38,000. Opal Wealth Advisors LLC bought a new position in shares of American Homes 4 Rent in the first quarter valued at approximately $42,000. Finally, SVB Wealth LLC bought a new stake in American Homes 4 Rent during the first quarter worth approximately $42,000. Institutional investors and hedge funds own 91.87% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on AMH shares. Citigroup cut shares of American Homes 4 Rent from a “buy” rating to a “neutral” rating and set a $41.00 target price for the company. in a report on Friday, June 6th. The Goldman Sachs Group lowered shares of American Homes 4 Rent from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $43.00 to $37.00 in a research note on Wednesday, September 17th. Barclays decreased their price objective on shares of American Homes 4 Rent from $40.00 to $39.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 12th. 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 research note on Tuesday, August 19th. Finally, Evercore ISI cut their target price on shares of American Homes 4 Rent from $41.00 to $40.00 and set an “outperform” rating for the company in a research report on Monday, September 15th. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $39.83.

American Homes 4 Rent Stock Performance

Shares of AMH opened at $32.59 on Friday. The company has a market capitalization of $12.09 billion, a PE ratio of 29.36, a price-to-earnings-growth ratio of 2.76 and a beta of 0.75. American Homes 4 Rent has a one year low of $31.68 and a one year high of $39.49. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.88 and a quick ratio of 0.88. The company’s fifty day moving average price is $34.81 and its 200 day moving average price is $36.03.

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 business had revenue of $457.50 million for the quarter, compared to analyst estimates of $451.50 million. American Homes 4 Rent had a net margin of 23.72% and a return on equity of 5.60%. The firm’s revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.45 EPS. American Homes 4 Rent has set its FY 2025 guidance at 1.840-1.880 EPS. As a group, 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 company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Monday, September 15th. American Homes 4 Rent’s dividend payout ratio is currently 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.