American Homes 4 Rent $AMH Shares Acquired by Focus Partners Wealth

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 grew its stake in American Homes 4 Rent (NYSE:AMH - Free Report) by 2.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 689,485 shares of the real estate investment trust's stock after buying an additional 17,737 shares during the period. Focus Partners Wealth owned 0.19% of American Homes 4 Rent worth $26,069,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. GF Fund Management CO. LTD. boosted its holdings in shares of American Homes 4 Rent by 5.1% in the 1st quarter. GF Fund Management CO. LTD. now owns 6,288 shares of the real estate investment trust's stock valued at $238,000 after buying an additional 304 shares in the last quarter. Arizona State Retirement System boosted its holdings in shares of American Homes 4 Rent by 0.4% in the 1st quarter. Arizona State Retirement System now owns 96,005 shares of the real estate investment trust's stock valued at $3,630,000 after buying an additional 366 shares in the last quarter. Avantax Advisory Services Inc. boosted its holdings in shares of American Homes 4 Rent by 1.1% in the 1st quarter. Avantax Advisory Services Inc. now owns 34,995 shares of the real estate investment trust's stock valued at $1,323,000 after buying an additional 391 shares in the last quarter. UniSuper Management Pty Ltd boosted its stake in American Homes 4 Rent by 0.4% during 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 purchasing an additional 400 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in American Homes 4 Rent by 0.7% during the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 63,490 shares of the real estate investment trust's stock worth $2,401,000 after purchasing an additional 452 shares during the period. Institutional investors and hedge funds own 91.87% of the company's stock.

American Homes 4 Rent Stock Up 1.5%

AMH stock opened at $34.62 on Friday. American Homes 4 Rent has a one year low of $31.68 and a one year high of $41.41. The stock has a market capitalization of $12.84 billion, a PE ratio of 31.19, a price-to-earnings-growth 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 company has a fifty day moving average of $35.30 and a 200-day moving average of $36.23.

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 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 last year, the business earned $0.45 EPS. The business'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. As a group, analysts expect that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Dividend Announcement

The business also recently declared 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 currently 108.11%.

Wall Street Analyst Weigh In

AMH has been the subject of a number of recent research reports. Citigroup cut shares of American Homes 4 Rent from a "buy" rating to a "neutral" rating and set a $41.00 price target for the company. in a research note on Friday, June 6th. Morgan Stanley increased their price target on shares of American Homes 4 Rent from $40.50 to $41.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 19th. Finally, Barclays decreased 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 note on Tuesday, August 12th. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus 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.

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