51,272 Shares in American Homes 4 Rent $AMH Purchased by Boston Partners

Key Points

• Boston Partners acquired a $1.94 million stake in American Homes 4 Rent (AMH), purchasing 51,272 shares during the 1st quarter, as revealed in a recent SEC filing.
• Analysts have mixed opinions on AMH, with Raymond James raising the target price from $39 to $43 and Citigroup downgrading it to a "neutral" rating with a target of $41.
• The company reported earnings of $0.47 per share for the last quarter, exceeding analyst expectations, with a revenue of $457.5 million, which marked an 8% increase year-over-year.

Boston Partners purchased a new position in American Homes 4 Rent (NYSE:AMH - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 51,272 shares of the real estate investment trust's stock, valued at approximately $1,939,000.

Several other hedge funds have also recently made changes to their positions in AMH. Golden State Wealth Management LLC bought a new stake in American Homes 4 Rent during the first quarter worth about $29,000. Parallel Advisors LLC lifted its holdings in shares of American Homes 4 Rent by 171.1% during the first quarter. Parallel Advisors LLC now owns 843 shares of the real estate investment trust's stock valued at $32,000 after purchasing an additional 532 shares in the last quarter. Pandora Wealth Inc. bought a new position in shares of American Homes 4 Rent during the first quarter valued at $38,000. Opal Wealth Advisors LLC bought a new position in shares of American Homes 4 Rent during the first quarter valued at $42,000. Finally, Avalon Trust Co purchased a new stake in shares of American Homes 4 Rent during the 1st quarter valued at about $52,000. 91.87% of the stock is owned by hedge funds and other institutional investors.

American Homes 4 Rent Price Performance

Shares of American Homes 4 Rent stock traded up $0.5360 during trading hours on Friday, hitting $35.7660. The company's stock had a trading volume of 718,672 shares, compared to its average volume of 2,208,433. The business has a 50 day moving average price of $35.64 and a two-hundred day moving average price of $36.26. American Homes 4 Rent has a 12-month low of $31.68 and a 12-month high of $41.41. The company has a market cap of $13.27 billion, a PE ratio of 32.25, a PEG ratio of 2.97 and a beta of 0.72. 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 announced its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.47 EPS for the quarter, beating the consensus estimate of $0.46 by $0.01. American Homes 4 Rent had a return on equity of 5.60% and a net margin of 23.72%.The business had revenue of $457.50 million for the quarter, compared to the consensus estimate of $451.50 million. During the same period in the previous year, the business earned $0.45 earnings per share. 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. Analysts expect that American Homes 4 Rent will post 1.85 earnings per share for the current fiscal year.

American Homes 4 Rent Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Monday, September 15th. American Homes 4 Rent's payout ratio is currently 108.11%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on AMH. Morgan Stanley lifted 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. Wall Street Zen raised American Homes 4 Rent from a "sell" rating to a "hold" rating in a report on Tuesday, May 6th. Evercore ISI upped their price target on American Homes 4 Rent from $40.00 to $41.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Raymond James Financial lifted their price objective on American Homes 4 Rent from $39.00 to $43.00 and gave the company an "outperform" rating in a research report on Friday, May 9th. Finally, Scotiabank boosted their price objective on American Homes 4 Rent from $38.00 to $41.00 and gave the company a "sector perform" rating in a research note on Monday, May 12th. Eight investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $41.07.

Insider Activity at American Homes 4 Rent

In other news, Director Jack E. Corrigan bought 4,000 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The shares were bought at an average cost of $22.93 per share, for a total transaction of $91,720.00. Following the completion of the transaction, the director owned 15,000 shares of the company's stock, valued at approximately $343,950. This represents a 36.36% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 6.32% of the company's stock.

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.