18,420 Shares in American Homes 4 Rent $AMH Acquired by Naviter Wealth LLC

Key Points

• Naviter Wealth LLC has acquired 18,420 shares of American Homes 4 Rent, valued at approximately $664,000, indicating increasing interest from institutional investors in the real estate investment trust.
• Despite recent fluctuations in analyst price targets, American Homes 4 Rent has an average rating of "Moderate Buy" with a target price of $39.57, reflecting optimism among several equity research firms.
• The company announced a quarterly dividend of $0.30, which represents an annualized dividend of $1.20 and a yield of 3.6%, though its dividend payout ratio stands at 108.11%.

Naviter Wealth LLC bought a new position in shares of American Homes 4 Rent (NYSE:AMH - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 18,420 shares of the real estate investment trust's stock, valued at approximately $664,000.

Other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its stake in American Homes 4 Rent by 15.2% in 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 buying an additional 2,094,497 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake 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 buying an additional 32,825 shares during the last quarter. Northern Trust Corp lifted its stake 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 buying an additional 85,084 shares during the last quarter. Burgundy Asset Management Ltd. lifted its stake in American Homes 4 Rent by 6.9% in the first 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 buying an additional 266,744 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in American Homes 4 Rent by 21.8% in the first quarter. Goldman Sachs Group Inc. now owns 3,883,018 shares of the real estate investment trust's stock valued at $146,817,000 after buying an additional 695,500 shares during the last quarter. Hedge funds and other institutional investors own 91.87% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Evercore ISI reduced their price objective on American Homes 4 Rent from $41.00 to $40.00 and set an "outperform" rating for the company in a research note on Monday, September 15th. Wells Fargo & Company dropped their target price on American Homes 4 Rent from $39.00 to $38.00 and set an "overweight" rating on the stock in a report on Monday. Barclays dropped 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 report on Tuesday, August 12th. Wolfe Research raised American Homes 4 Rent from a "peer perform" rating to an "outperform" rating and set a $38.00 target price on the stock in a report on Thursday, October 2nd. Finally, Morgan Stanley boosted their target price on American Homes 4 Rent from $40.50 to $41.00 and gave the company an "overweight" rating in a report on Tuesday, August 19th. Eight equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, American Homes 4 Rent has an average rating of "Moderate Buy" and an average price target of $39.57.

American Homes 4 Rent Stock Up 0.4%

American Homes 4 Rent stock opened at $33.06 on Wednesday. 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 firm has a market capitalization of $12.26 billion, a price-to-earnings ratio of 29.78, a price-to-earnings-growth ratio of 3.01 and a beta of 0.75. American Homes 4 Rent has a fifty-two week low of $31.68 and a fifty-two week high of $39.49. The stock's fifty day moving average is $34.00 and its two-hundred day moving average is $35.70.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.47 EPS for the quarter, beating analysts' consensus estimates 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 return on equity of 5.60% and a net margin of 23.72%.The business's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.45 earnings per share. American Homes 4 Rent has set its FY 2025 guidance at 1.840-1.880 EPS. Analysts predict that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

American Homes 4 Rent Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Monday, September 15th. American Homes 4 Rent's dividend payout ratio (DPR) is 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.

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