Public Employees Retirement System of Ohio Raises Stock Position in American Homes 4 Rent $AMH

Key Points

• The Public Employees Retirement System of Ohio increased its stake in American Homes 4 Rent by 3.0% this past quarter, now owning 568,908 shares valued at approximately $20.5 million.
• American Homes 4 Rent reported a Q2 EPS of $0.47, exceeding analyst expectations of $0.46, with an 8.0% increase in revenue compared to the previous year.
• The company has announced a quarterly dividend of $0.30, reflecting an annualized dividend yield of 3.7% and a high payout ratio of 108.11%.

Public Employees Retirement System of Ohio raised its stake in American Homes 4 Rent (NYSE:AMH - Free Report) by 3.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 568,908 shares of the real estate investment trust's stock after buying an additional 16,644 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.15% of American Homes 4 Rent worth $20,521,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. GF Fund Management CO. LTD. increased its holdings in American Homes 4 Rent by 5.1% in the first quarter. GF Fund Management CO. LTD. now owns 6,288 shares of the real estate investment trust's stock valued at $238,000 after buying an additional 304 shares in the last quarter. Arizona State Retirement System increased its stake in shares of American Homes 4 Rent by 0.4% during the 1st quarter. Arizona State Retirement System now owns 96,005 shares of the real estate investment trust's stock worth $3,630,000 after purchasing an additional 366 shares in the last quarter. Avantax Advisory Services Inc. increased its stake in shares of American Homes 4 Rent by 1.1% during the 1st quarter. Avantax Advisory Services Inc. now owns 34,995 shares of the real estate investment trust's stock worth $1,323,000 after purchasing an additional 391 shares in the last quarter. UniSuper Management Pty Ltd increased its stake in shares of American Homes 4 Rent by 0.4% during the 1st quarter. UniSuper Management Pty Ltd now owns 101,600 shares of the real estate investment trust's stock worth $3,841,000 after purchasing an additional 400 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in shares of American Homes 4 Rent by 0.7% during the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 63,490 shares of the real estate investment trust's stock worth $2,401,000 after purchasing an additional 452 shares in the last quarter. 91.87% of the stock is owned by hedge funds and other institutional investors.

American Homes 4 Rent Stock Performance

Shares of AMH stock opened at $32.59 on Friday. American Homes 4 Rent has a 12 month low of $31.68 and a 12 month high of $39.49. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a market capitalization of $12.09 billion, a P/E ratio of 29.36, a P/E/G ratio of 2.76 and a beta of 0.75. The company's fifty day moving average price is $34.81 and its two-hundred day moving average price is $36.03.

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 EPS for the quarter, topping analysts' consensus estimates of $0.46 by $0.01. American Homes 4 Rent had a net margin of 23.72% and a return on equity of 5.60%. The firm had revenue of $457.50 million for the quarter, compared to analyst estimates of $451.50 million. During the same quarter in the previous year, the business posted $0.45 EPS. The firm's 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. On average, research analysts anticipate that American Homes 4 Rent will post 1.85 earnings per share for the current fiscal year.

American Homes 4 Rent Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Monday, September 15th. American Homes 4 Rent's dividend payout ratio is 108.11%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on AMH shares. Barclays dropped their price objective on shares of American Homes 4 Rent from $40.00 to $39.00 and set an "equal weight" rating for the company in a research note on Tuesday, August 12th. Evercore ISI lowered their target price on shares of American Homes 4 Rent from $41.00 to $40.00 and set an "outperform" rating for the company in a research note on Monday, September 15th. Morgan Stanley lifted their target price 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, August 19th. Citigroup cut shares of American Homes 4 Rent from a "buy" rating to a "neutral" rating and set a $41.00 target price for the company. in a research note on Friday, June 6th. Finally, The Goldman Sachs Group cut shares of American Homes 4 Rent from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $43.00 to $37.00 in a research note on Wednesday, September 17th. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, American Homes 4 Rent currently has a consensus rating of "Moderate Buy" and a consensus price target of $39.83.

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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