Aberdeen Group plc Has $4.53 Million Stake in American Homes 4 Rent $AMH

Key Points

• Aberdeen Group plc increased its stake in American Homes 4 Rent by 11.1%, owning 125,602 shares worth approximately $4.53 million.
• American Homes 4 Rent reported a quarterly earnings per share (EPS) of $0.47, surpassing analysts' estimates, and an 8% year-over-year revenue growth.
• The company announced a quarterly dividend of $0.30 per share, resulting in a dividend yield of 3.7% and a payout ratio of 108.11%.

Aberdeen Group plc lifted its position in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 11.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 125,602 shares of the real estate investment trust's stock after purchasing an additional 12,579 shares during the quarter. Aberdeen Group plc's holdings in American Homes 4 Rent were worth $4,530,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Golden State Wealth Management LLC purchased a new stake in American Homes 4 Rent in the 1st quarter valued at $29,000. Pandora Wealth Inc. purchased a new stake in American Homes 4 Rent in the 1st quarter valued at $38,000. SVB Wealth LLC purchased a new stake in American Homes 4 Rent in the 1st quarter valued at $42,000. Oliver Lagore Vanvalin Investment Group purchased a new stake in American Homes 4 Rent in the 2nd quarter valued at $49,000. Finally, Avalon Trust Co purchased a new stake in American Homes 4 Rent in the 1st quarter valued at $52,000. 91.87% of the stock is owned by institutional investors and hedge funds.

American Homes 4 Rent Stock Up 0.2%

Shares of NYSE:AMH opened at $32.64 on Friday. The company has a market capitalization of $12.11 billion, a PE ratio of 29.41, a price-to-earnings-growth ratio of 2.98 and a beta of 0.75. 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 business has a fifty day moving average price of $33.91 and a two-hundred day moving average price of $35.64. American Homes 4 Rent has a 1 year low of $31.68 and a 1 year high of $39.49.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.46 by $0.01. The firm 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 for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.45 EPS. American Homes 4 Rent has set its FY 2025 guidance at 1.840-1.880 EPS. 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 company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were paid a dividend of $0.30 per share. The ex-dividend date was Monday, September 15th. This represents a $1.20 annualized dividend and a dividend yield of 3.7%. American Homes 4 Rent's dividend payout ratio is presently 108.11%.

Wall Street Analyst Weigh In

A number of research firms recently commented on AMH. The Goldman Sachs Group lowered American Homes 4 Rent from a "buy" rating to a "neutral" rating and lowered their price target for the company from $43.00 to $37.00 in a research report on Wednesday, September 17th. Weiss Ratings reissued a "hold (c)" rating on shares of American Homes 4 Rent in a research report on Wednesday, October 8th. Wells Fargo & Company lowered their price target on American Homes 4 Rent from $39.00 to $38.00 and set an "overweight" rating for the company in a research report on Monday. Barclays lowered their price target on American Homes 4 Rent from $40.00 to $39.00 and set an "equal weight" rating for the company in a research report on Tuesday, August 12th. Finally, Evercore ISI lowered their price target on 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. Eight investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $39.57.

American Homes 4 Rent 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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