Cbre Investment Management Listed Real Assets LLC Purchases 821,874 Shares of American Homes 4 Rent $AMH

Key Points

• Cbre Investment Management Listed Real Assets LLC increased its stake in American Homes 4 Rent by 206.4%, acquiring an additional 821,874 shares for a total of 1,220,109 shares valued at approximately $46.1 million.
• American Homes 4 Rent reported an earnings per share (EPS) of $0.47 for the last quarter, surpassing analysts' expectations, with a 8% increase in revenue year-over-year, totaling $457.5 million.
• The company announced a quarterly dividend of $0.30 per share, translating to an annual yield of 3.4%, with a payout ratio of 108.11% as of the last report.

Cbre Investment Management Listed Real Assets LLC raised its stake in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 206.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,220,109 shares of the real estate investment trust's stock after acquiring an additional 821,874 shares during the period. Cbre Investment Management Listed Real Assets LLC owned about 0.33% of American Homes 4 Rent worth $46,132,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Alyeska Investment Group L.P. raised its stake in shares of American Homes 4 Rent by 185.2% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,989,260 shares of the real estate investment trust's stock worth $74,438,000 after purchasing an additional 1,291,865 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of American Homes 4 Rent by 16.0% during the 1st 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 purchasing an additional 14,278 shares during the period. Asset Management One Co. Ltd. raised its stake in shares of American Homes 4 Rent by 3.4% during the 1st quarter. Asset Management One Co. Ltd. now owns 688,009 shares of the real estate investment trust's stock worth $26,014,000 after purchasing an additional 22,391 shares during the period. Cerity Partners LLC raised its stake in shares of American Homes 4 Rent by 152.4% during the 1st quarter. Cerity Partners LLC now owns 43,157 shares of the real estate investment trust's stock worth $1,632,000 after purchasing an additional 26,057 shares during the period. Finally, Northern Trust Corp raised its stake in shares of American Homes 4 Rent by 40.1% during the 4th quarter. Northern Trust Corp now owns 4,183,541 shares of the real estate investment trust's stock worth $156,548,000 after purchasing an additional 1,198,471 shares during the period. 91.87% of the stock is currently owned by institutional investors.

American Homes 4 Rent Trading Up 1.4%

Shares of American Homes 4 Rent stock opened at $35.7330 on Friday. American Homes 4 Rent has a 52-week low of $31.68 and a 52-week high of $41.41. The stock's 50-day simple moving average is $35.63 and its 200 day simple moving average is $36.27. The stock has a market capitalization of $13.25 billion, a P/E ratio of 32.19, a P/E/G ratio of 2.98 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $451.50 million. During the same period in the previous year, the business posted $0.45 EPS. The firm's quarterly revenue was up 8.0% compared to the same quarter last year. American Homes 4 Rent has set its FY 2025 guidance at 1.840-1.880 EPS. As a group, research analysts anticipate that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Dividend Announcement

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

Analysts Set New Price Targets

AMH has been the topic of a number of recent analyst reports. Morgan Stanley lifted their target price on American Homes 4 Rent from $40.50 to $41.00 and gave the stock an "overweight" rating in a research note on Tuesday. Raymond James Financial lifted their target price on American Homes 4 Rent from $39.00 to $43.00 and gave the stock an "outperform" rating in a research note on Friday, May 9th. Keefe, Bruyette & Woods lifted their target price on American Homes 4 Rent from $38.00 to $40.00 and gave the stock a "market perform" rating in a research note on Tuesday, May 6th. Royal Bank Of Canada lifted their target price on American Homes 4 Rent from $39.00 to $41.00 and gave the stock an "outperform" rating in a research note on Monday, May 5th. Finally, Evercore ISI lifted their price objective on American Homes 4 Rent from $40.00 to $41.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Eight analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $41.07.

Insiders Place Their Bets

In related news, Director Jack E. Corrigan bought 4,000 shares of American Homes 4 Rent stock in a transaction on Thursday, June 12th. The stock was acquired at an average price of $22.93 per share, with a total value of $91,720.00. Following the acquisition, the director directly owned 15,000 shares of the company's stock, valued at $343,950. This represents a 36.36% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 6.32% of the stock is owned by insiders.

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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