Adelante Capital Management LLC Grows Stake in 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 lifted its stake in American Homes 4 Rent (NYSE:AMH - Free Report) by 9.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. 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 2.4% of Adelante Capital Management LLC's investment portfolio, making the stock its 13th largest holding. Adelante Capital Management LLC owned 0.25% of American Homes 4 Rent worth $34,542,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nuveen LLC acquired a new stake in shares of American Homes 4 Rent in the 1st quarter worth approximately $113,669,000. Deutsche Bank AG increased its position in shares of American Homes 4 Rent by 336.7% in the first quarter. Deutsche Bank AG now owns 3,079,945 shares of the real estate investment trust's stock valued at $116,453,000 after buying an additional 2,374,678 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of American Homes 4 Rent by 15.2% during the 1st quarter. JPMorgan Chase & Co. now owns 15,899,721 shares of the real estate investment trust's stock worth $601,169,000 after buying an additional 2,094,497 shares during the last quarter. Centersquare Investment Management LLC boosted its position in shares of American Homes 4 Rent by 283.7% in the 1st quarter. Centersquare Investment Management LLC now owns 1,825,434 shares of the real estate investment trust's stock worth $69,020,000 after buying an additional 1,349,634 shares in the last quarter. Finally, Millennium Management LLC grew its stake in American Homes 4 Rent by 140.7% in the 4th quarter. Millennium Management LLC now owns 1,859,115 shares of the real estate investment trust's stock valued at $69,568,000 after acquiring an additional 1,086,835 shares during the last quarter. 91.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at American Homes 4 Rent

In other news, Director Jack E. Corrigan acquired 4,000 shares of American Homes 4 Rent stock in a transaction dated Thursday, June 12th. The shares were acquired at an average cost of $22.93 per share, with a total value of $91,720.00. Following the purchase, the director directly owned 15,000 shares of the company's stock, valued at approximately $343,950. This trade represents a 36.36% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 6.32% of the stock is owned by corporate insiders.

American Homes 4 Rent Trading Down 1.4%

AMH traded down $0.49 during midday trading on Wednesday, hitting $34.15. The company's stock had a trading volume of 2,329,477 shares, compared to its average volume of 2,221,971. American Homes 4 Rent has a 52-week low of $31.68 and a 52-week high of $41.41. The firm has a 50-day moving average price of $35.32 and a two-hundred day moving average price of $36.24. 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 firm has a market cap of $12.67 billion, a P/E ratio of 19.03, a PEG ratio of 2.92 and a beta of 0.75.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last released its earnings results 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 for the quarter, compared to analysts' expectations of $451.50 million. American Homes 4 Rent had a net margin of 23.72% and a return on equity of 5.60%. The company's quarterly revenue was up 8.0% on a year-over-year basis. During the same period 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. On average, research analysts anticipate 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. Stockholders of record on Monday, September 15th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Monday, September 15th. American Homes 4 Rent's dividend payout ratio (DPR) is 108.11%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Barclays cut their target price 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 report on Tuesday, August 12th. Morgan Stanley lifted their price objective on American Homes 4 Rent from $40.50 to $41.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 19th. Finally, Citigroup cut American Homes 4 Rent from a "buy" rating to a "neutral" rating and set a $41.00 target price on the stock. in a report on Friday, June 6th. Six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price 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.