Adelante Capital Management LLC Purchases 75,775 Shares of American Homes 4 Rent $AMH

Key Points

• Adelante Capital Management LLC increased its stake in American Homes 4 Rent by 9.0%, resulting in ownership of 913,578 shares, which represent about 2.4% of their total holdings.
• American Homes 4 Rent reported a quarterly EPS of $0.47, surpassing estimates by $0.01, and achieved year-over-year revenue growth of 8.0%.
• The company has declared a $0.30 quarterly dividend with an annual yield of 3.4%, and its dividend payout ratio is at 108.11%.

Adelante Capital Management LLC raised its stake in American Homes 4 Rent (NYSE:AMH - Free Report) by 9.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 913,578 shares of the real estate investment trust's stock after purchasing an additional 75,775 shares during the period. American Homes 4 Rent makes up approximately 2.4% of Adelante Capital Management LLC's holdings, making the stock its 13th biggest position. Adelante Capital Management LLC owned 0.25% of American Homes 4 Rent worth $34,542,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AMH. Golden State Wealth Management LLC bought a new stake in American Homes 4 Rent in the first quarter valued at about $29,000. Parallel Advisors LLC increased its stake in 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 during the period. Pandora Wealth Inc. bought a new stake in American Homes 4 Rent in the first quarter valued at about $38,000. Opal Wealth Advisors LLC bought a new stake in American Homes 4 Rent in the first quarter valued at about $42,000. Finally, SVB Wealth LLC bought a new stake in American Homes 4 Rent in the first quarter valued at about $42,000. 91.87% of the stock is owned by institutional investors.

American Homes 4 Rent Price Performance

Shares of NYSE AMH traded down $0.48 during trading on Friday, reaching $34.14. The company had a trading volume of 975,492 shares, compared to its average volume of 2,230,782. American Homes 4 Rent has a 52 week low of $31.68 and a 52 week high of $41.41. The stock has a market cap of $12.66 billion, a PE ratio of 30.77, a PEG ratio of 2.88 and a beta of 0.75. 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 business's 50 day moving average price is $35.30 and its 200-day moving average price is $36.23.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.47 EPS for the quarter, topping the consensus estimate of $0.46 by $0.01. American Homes 4 Rent had a net margin of 23.72% and a return on equity of 5.60%. The company had revenue of $457.50 million during the quarter, compared to analysts' expectations of $451.50 million. During the same quarter in the previous year, the company earned $0.45 EPS. American Homes 4 Rent's revenue was up 8.0% on a year-over-year basis. American Homes 4 Rent has set its FY 2025 guidance at 1.840-1.880 EPS. Analysts expect 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 announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Monday, September 15th. American Homes 4 Rent's dividend payout ratio is presently 108.11%.

Analyst Upgrades and Downgrades

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 on the stock. in a research note on Friday, June 6th. Morgan Stanley upped their target price on shares of 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. Finally, Barclays cut their price target on shares of American Homes 4 Rent from $40.00 to $39.00 and set an "equal weight" rating for the company in a report on Tuesday, August 12th. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $40.42.

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.