Cbre Investment Management Listed Real Assets LLC Raises Position in 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 boosted its stake in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 206.4% in the 1st quarter, according to the company in its most recent disclosure 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 quarter. Cbre Investment Management Listed Real Assets LLC owned 0.33% of American Homes 4 Rent worth $46,132,000 at the end of the most recent reporting period.

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

Insider Buying and Selling

In other American Homes 4 Rent news, Director Jack E. Corrigan bought 4,000 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The stock was purchased at an average cost of $22.93 per share, for a total transaction of $91,720.00. Following the completion of the purchase, the director owned 15,000 shares of the company's stock, valued at $343,950. This trade represents a 36.36% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 6.32% of the company's stock.

American Homes 4 Rent Stock Performance

Shares of AMH stock traded down $0.18 during midday trading on Thursday, hitting $35.38. The company had a trading volume of 528,267 shares, compared to its average volume of 2,206,815. The company's 50 day simple moving average is $35.57 and its 200 day simple moving average is $36.27. American Homes 4 Rent has a 52-week low of $31.68 and a 52-week high of $41.41. The stock has a market cap of $13.12 billion, a price-to-earnings ratio of 31.86, a PEG ratio of 2.96 and a beta of 0.72. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.88 and a quick ratio of 0.88.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.01. The firm had revenue of $457.50 million during the quarter, compared to analysts' expectations of $451.50 million. American Homes 4 Rent had a return on equity of 5.60% and a net margin of 23.72%.American Homes 4 Rent's revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.45 earnings per share. American Homes 4 Rent has set its FY 2025 guidance at 1.840-1.880 EPS. Research analysts anticipate that American Homes 4 Rent will post 1.85 earnings per share for the current fiscal year.

American Homes 4 Rent Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms have recently commented on AMH. Keefe, Bruyette & Woods increased their price objective on American Homes 4 Rent from $38.00 to $40.00 and gave the company a "market perform" rating in a report on Tuesday, May 6th. Scotiabank raised their price target on American Homes 4 Rent from $38.00 to $41.00 and gave the stock a "sector perform" rating in a research note on Monday, May 12th. 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 research note on Tuesday, August 19th. Raymond James Financial raised their price target 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. Finally, Wall Street Zen upgraded American Homes 4 Rent from a "sell" rating to a "hold" rating in a research note on Tuesday, May 6th. Seven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $41.00.

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.