Focus Partners Wealth Buys 17,737 Shares of American Homes 4 Rent $AMH

Key Points

• Focus Partners Wealth increased its stake in American Homes 4 Rent (AMH) by 2.6% in Q1, now holding 689,485 shares valued at approximately $26 million.
• The company reported an EPS of $0.47 for the last quarter, exceeding analyst estimates, with a revenue increase of 8% year-over-year, reaching $457.5 million.
• American Homes 4 Rent declared a quarterly dividend of $0.30, resulting in an annualized dividend of $1.20 and a dividend yield of 3.5%.

Focus Partners Wealth raised its holdings in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 2.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 689,485 shares of the real estate investment trust's stock after acquiring an additional 17,737 shares during the quarter. Focus Partners Wealth owned about 0.19% of American Homes 4 Rent worth $26,069,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. grew its holdings in shares of American Homes 4 Rent by 21.8% during 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. Adelante Capital Management LLC increased its holdings in American Homes 4 Rent by 9.0% in the 1st quarter. Adelante Capital Management LLC now owns 913,578 shares of the real estate investment trust's stock valued at $34,542,000 after acquiring an additional 75,775 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in American Homes 4 Rent by 1,103.6% in the 1st quarter. Jones Financial Companies Lllp now owns 13,047 shares of the real estate investment trust's stock valued at $493,000 after acquiring an additional 11,963 shares during the last quarter. UniSuper Management Pty Ltd grew its stake in shares of American Homes 4 Rent by 0.4% in the 1st quarter. UniSuper Management Pty Ltd now owns 101,600 shares of the real estate investment trust's stock worth $3,841,000 after buying an additional 400 shares in the last quarter. Finally, Nissay Asset Management Corp Japan ADV grew its holdings in American Homes 4 Rent by 1.9% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 86,978 shares of the real estate investment trust's stock valued at $3,289,000 after purchasing an additional 1,628 shares during the last quarter. 91.87% of the stock is currently owned by hedge funds and other institutional investors.

American Homes 4 Rent Stock Up 0.8%

Shares of NYSE AMH traded up $0.26 during trading hours on Wednesday, hitting $33.62. The stock had a trading volume of 598,724 shares, compared to its average volume of 2,243,584. The company has a market capitalization of $12.47 billion, a P/E ratio of 30.24, a P/E/G ratio of 2.82 and a beta of 0.75. The firm's 50-day moving average price is $35.18 and its two-hundred day moving average price is $36.19. American Homes 4 Rent has a 52 week low of $31.68 and a 52 week high of $40.55. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.88 and a current ratio of 0.88.

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 analysts' consensus estimates of $0.46 by $0.01. The company had revenue of $457.50 million during 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 company's quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the previous 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 anticipate that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.6%. American Homes 4 Rent's dividend payout ratio (DPR) is currently 108.11%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on AMH shares. Evercore ISI lowered their price target on shares of American Homes 4 Rent from $41.00 to $40.00 and set an "outperform" rating for the company in a research report on Monday. Morgan Stanley increased their price objective on shares of American Homes 4 Rent from $40.50 to $41.00 and gave the company an "overweight" rating in a report on Tuesday, August 19th. The Goldman Sachs Group downgraded shares of American Homes 4 Rent from a "buy" rating to a "neutral" rating and set a $37.00 price target on the stock. in a research note on Wednesday. Barclays dropped 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 research report on Tuesday, August 12th. Finally, Citigroup cut shares of American Homes 4 Rent from a "buy" rating to a "neutral" rating and set a $41.00 price objective for the company. in a report on Friday, June 6th. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $39.83.

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.