American Homes 4 Rent $AMH Shares Purchased by Goldman Sachs Group Inc.

Key Points

• Goldman Sachs Group Inc. increased its stake in American Homes 4 Rent by 21.8%, owning a total of 3,883,018 shares worth approximately $146.8 million.
• American Homes 4 Rent has a current consensus rating of "Moderate Buy" among analysts, with six rated as Buy and six as Hold, along with a target price of $40.42.
• The company recently announced a quarterly dividend of $0.30 per share, representing a 3.5% dividend yield, with a payout ratio of 108.11%.

Goldman Sachs Group Inc. boosted its position in American Homes 4 Rent (NYSE:AMH - Free Report) by 21.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,883,018 shares of the real estate investment trust's stock after buying an additional 695,500 shares during the period. Goldman Sachs Group Inc. owned approximately 1.05% of American Homes 4 Rent worth $146,817,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Golden State Wealth Management LLC acquired a new stake in American Homes 4 Rent in the first quarter valued at $29,000. Parallel Advisors LLC lifted its holdings in American Homes 4 Rent by 171.1% in the first quarter. Parallel Advisors LLC now owns 843 shares of the real estate investment trust's stock valued at $32,000 after acquiring an additional 532 shares during the period. Pandora Wealth Inc. acquired a new stake in American Homes 4 Rent in the first quarter valued at $38,000. Opal Wealth Advisors LLC acquired a new stake in American Homes 4 Rent in the first quarter valued at $42,000. Finally, SVB Wealth LLC acquired a new stake in American Homes 4 Rent in the first quarter valued at $42,000. Institutional investors and hedge funds own 91.87% of the company's stock.

Analysts Set New Price Targets

AMH has been the subject of a number of recent analyst reports. Citigroup downgraded American Homes 4 Rent from a "buy" rating to a "neutral" rating and set a $41.00 target price for the company. in a report on Friday, June 6th. Barclays reduced their target price 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. Evercore ISI reduced their target price on American Homes 4 Rent from $41.00 to $40.00 and set an "outperform" rating for the company in a report on Monday. Finally, Morgan Stanley lifted 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. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $40.33.

American Homes 4 Rent Price Performance

Shares of NYSE:AMH traded down $0.71 during midday trading on Monday, hitting $33.42. 3,626,866 shares of the stock were exchanged, compared to its average volume of 2,249,190. The stock has a market cap of $12.40 billion, a P/E ratio of 30.11, a PEG ratio of 2.88 and a beta of 0.75. 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 twelve month low of $31.68 and a twelve month high of $41.41. The company has a 50 day moving average price of $35.26 and a 200-day moving average price of $36.23.

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

American Homes 4 Rent Dividend Announcement

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 paid a $0.30 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.20 annualized dividend and a yield of 3.6%. American Homes 4 Rent's payout ratio is presently 108.11%.

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.