28,193 Shares in American Homes 4 Rent $AMH Purchased by Generali Asset Management SPA SGR

Key Points

• Generali Asset Management SPA SGR acquired 28,193 shares of American Homes 4 Rent, valued at approximately $1,017,000, marking a significant investment in the real estate investment trust.
• American Homes 4 Rent recently announced a quarterly dividend of $0.30 per share, translating to an annual yield of 3.7%, despite a high dividend payout ratio of 108.11%.
• The company's stock has shown positive performance indicators, reporting earnings per share (EPS) of $0.47 for the last quarter, exceeding estimates and demonstrating an 8% year-over-year revenue increase.

Generali Asset Management SPA SGR purchased a new position in American Homes 4 Rent (NYSE:AMH - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 28,193 shares of the real estate investment trust's stock, valued at approximately $1,017,000.

A number of other hedge funds have also bought and sold shares of the company. Exchange Traded Concepts LLC boosted its stake in American Homes 4 Rent by 13.1% in the first quarter. Exchange Traded Concepts LLC now owns 25,857 shares of the real estate investment trust's stock valued at $978,000 after acquiring an additional 2,997 shares during the period. Asset Management One Co. Ltd. boosted its stake in American Homes 4 Rent by 3.4% in the first quarter. Asset Management One Co. Ltd. now owns 688,009 shares of the real estate investment trust's stock valued at $26,014,000 after acquiring an additional 22,391 shares during the period. Bessemer Group Inc. boosted its stake in American Homes 4 Rent by 19.8% in the first quarter. Bessemer Group Inc. now owns 4,313 shares of the real estate investment trust's stock valued at $163,000 after acquiring an additional 714 shares during the period. Golden State Wealth Management LLC acquired a new position in American Homes 4 Rent in the first quarter valued at approximately $29,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in American Homes 4 Rent by 27.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,587 shares of the real estate investment trust's stock valued at $511,000 after acquiring an additional 2,930 shares during the period. 91.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AMH has been the subject of a number of research reports. Evercore ISI decreased their target price 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. Morgan Stanley lifted their target price on 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. Weiss Ratings restated a "hold (c)" rating on shares of American Homes 4 Rent in a research note on Wednesday, October 8th. Barclays decreased their target price on 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. Finally, Wolfe Research upgraded 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 research report on Thursday, October 2nd. Eight analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $39.57.

American Homes 4 Rent Stock Performance

Shares of NYSE AMH opened at $32.80 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. The stock has a 50 day simple moving average of $33.88 and a 200-day simple moving average of $35.61. The company has a market cap of $12.17 billion, a PE ratio of 29.55, a P/E/G ratio of 2.98 and a beta of 0.75. American Homes 4 Rent has a 12-month low of $31.68 and a 12-month high of $39.49.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.01. The business had revenue of $457.50 million during the quarter, compared to the consensus estimate 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 was up 8.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.45 earnings per share. American Homes 4 Rent has set its FY 2025 guidance at 1.840-1.880 EPS. On average, equities research analysts forecast that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were given 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 is 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.

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