Sequoia Financial Advisors LLC Buys Shares of 8,633 American Homes 4 Rent $AMH

Key Points

• Sequoia Financial Advisors LLC has acquired 8,633 shares of American Homes 4 Rent, valued at approximately $311,000, marking a significant addition to its portfolio in the second quarter.
• Analysts are optimistic about American Homes 4 Rent, with a consensus rating of "Moderate Buy" and an average target price of $39.36, reflecting expectations for future growth.
• The company recently announced a quarterly dividend of $0.30 per share, resulting in an annualized dividend yield of 3.6%, despite a payout ratio exceeding 100%.

Sequoia Financial Advisors LLC bought a new stake in shares of American Homes 4 Rent (NYSE:AMH - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 8,633 shares of the real estate investment trust's stock, valued at approximately $311,000.

A number of other institutional investors also recently modified their holdings of the stock. GF Fund Management CO. LTD. boosted its stake in shares of American Homes 4 Rent by 5.1% during the 1st 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 during the period. Arizona State Retirement System boosted 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 valued at $3,630,000 after buying an additional 366 shares during the period. Avantax Advisory Services Inc. raised its holdings 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 valued at $1,323,000 after purchasing an additional 391 shares in the last quarter. UniSuper Management Pty Ltd lifted its stake in shares of American Homes 4 Rent by 0.4% in the 1st quarter. UniSuper Management Pty Ltd now owns 101,600 shares of the real estate investment trust's stock valued at $3,841,000 after purchasing an additional 400 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in American Homes 4 Rent by 0.7% in the first 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. Institutional investors and hedge funds own 91.87% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on AMH. Wolfe Research raised shares of American Homes 4 Rent from a "peer perform" rating to an "outperform" rating and set a $38.00 target price on the stock in a research report on Thursday, October 2nd. Mizuho lowered their target price on shares of American Homes 4 Rent from $36.00 to $34.00 and set an "outperform" rating on the stock in a research report on Tuesday. Wells Fargo & Company lowered their target price on shares of American Homes 4 Rent from $39.00 to $38.00 and set an "overweight" rating on the stock in a research report on Monday, October 13th. Morgan Stanley increased 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 report on Tuesday, August 19th. Finally, Barclays lowered their target price on shares of American Homes 4 Rent from $40.00 to $39.00 and set an "equal weight" rating on the stock in a research report on Tuesday, August 12th. Eight equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $39.36.

American Homes 4 Rent Stock Performance

Shares of AMH opened at $33.30 on Thursday. The company has a market capitalization of $12.35 billion, a PE ratio of 30.00, a price-to-earnings-growth ratio of 3.03 and a beta of 0.75. American Homes 4 Rent has a one year low of $31.68 and a one year 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 company's fifty day moving average price is $33.80 and its 200 day moving average price is $35.53.

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

American Homes 4 Rent Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.6%. American Homes 4 Rent's dividend payout ratio is currently 108.11%.

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.

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