Asset Management One Co. Ltd. Sells 11,368 Shares of American Homes 4 Rent $AMH

Key Points

• Asset Management One Co. Ltd. sold 11,368 shares of American Homes 4 Rent, reducing its holdings by 1.7% to 676,641 shares worth approximately $24.4 million.
• Despite the sale, 91.87% of American Homes 4 Rent's stock remains owned by institutional investors, highlighting significant institutional interest in the company.
• American Homes 4 Rent recently reported $0.47 EPS for its last quarter, exceeding expectations, and has set a fiscal year 2025 guidance for earnings per share between $1.840 and $1.880.

Asset Management One Co. Ltd. trimmed its position in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 1.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 676,641 shares of the real estate investment trust's stock after selling 11,368 shares during the period. Asset Management One Co. Ltd. owned 0.18% of American Homes 4 Rent worth $24,406,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of AMH. Bessemer Group Inc. grew its holdings in American Homes 4 Rent by 19.8% during the first quarter. Bessemer Group Inc. now owns 4,313 shares of the real estate investment trust's stock valued at $163,000 after purchasing an additional 714 shares during the period. Golden State Wealth Management LLC bought a new position in American Homes 4 Rent during the first quarter valued at $29,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in American Homes 4 Rent by 27.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,587 shares of the real estate investment trust's stock valued at $511,000 after purchasing an additional 2,930 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its holdings in American Homes 4 Rent by 101.0% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,889,918 shares of the real estate investment trust's stock valued at $71,458,000 after purchasing an additional 949,550 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of American Homes 4 Rent by 16.0% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 103,691 shares of the real estate investment trust's stock worth $3,921,000 after acquiring an additional 14,278 shares during the period. 91.87% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on AMH shares. Weiss Ratings reaffirmed a "hold (c)" rating on shares of American Homes 4 Rent in a report on Friday. Morgan Stanley raised their price target on American Homes 4 Rent from $40.50 to $41.00 and gave the stock an "overweight" rating in a report on Tuesday, August 19th. Evercore ISI cut their price target on American Homes 4 Rent from $41.00 to $40.00 and set an "outperform" rating for the company in a report on Monday, September 15th. Barclays cut 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 report on Tuesday, August 12th. Finally, Mizuho cut their price target on American Homes 4 Rent from $36.00 to $34.00 and set an "outperform" rating for the company in a report on Tuesday, October 21st. Eight analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, American Homes 4 Rent currently has a consensus rating of "Moderate Buy" and an average target price of $39.36.

American Homes 4 Rent Stock Up 0.2%

AMH opened at $33.35 on Friday. The company has a market cap of $12.37 billion, a P/E ratio of 30.05, a P/E/G ratio of 3.05 and a beta of 0.75. The business's 50-day moving average price is $33.74 and its 200-day moving average price is $35.55. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.66. American Homes 4 Rent has a 12 month low of $31.68 and a 12 month high of $39.49.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last released its quarterly earnings data 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. The firm had revenue of $457.50 million for 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 company's quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.45 earnings per share. American Homes 4 Rent has set its FY 2025 guidance at 1.840-1.880 EPS. On average, equities analysts expect that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were issued a $0.30 dividend. The ex-dividend date was Monday, September 15th. This represents a $1.20 annualized dividend and a dividend yield of 3.6%. American Homes 4 Rent's payout ratio is currently 108.11%.

About American Homes 4 Rent

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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