Strs Ohio Acquires New Position in American Homes 4 Rent $AMH

Key Points

• Strs Ohio invested $9.41 million in American Homes 4 Rent, acquiring approximately 248,918 shares of the company.
• Analysts have mixed opinions on the stock, with Citigroup downgrading it to a "neutral" rating while Morgan Stanley upgraded its price objective, indicating a current consensus rating of "Moderate Buy."
• American Homes 4 Rent announced a quarterly dividend of $0.30 per share, with a payout ratio of over 108%, scheduled for distribution on September 30th.

Strs Ohio acquired a new stake in American Homes 4 Rent (NYSE:AMH - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm acquired 248,918 shares of the real estate investment trust's stock, valued at approximately $9,412,000. Strs Ohio owned about 0.07% of American Homes 4 Rent at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of AMH. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of American Homes 4 Rent by 16.0% during the first 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 acquiring an additional 14,278 shares during the period. Asset Management One Co. Ltd. increased its position in 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 buying an additional 26,057 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of American Homes 4 Rent by 27.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,587 shares of the real estate investment trust's stock worth $511,000 after buying an additional 2,930 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of American Homes 4 Rent by 101.0% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,889,918 shares of the real estate investment trust's stock valued at $71,458,000 after buying an additional 949,550 shares during the period. Hedge funds and other institutional investors own 91.87% of the company's stock.

Wall Street Analyst Weigh In

AMH has been the topic of a number of recent analyst reports. Citigroup lowered American Homes 4 Rent from a "buy" rating to a "neutral" rating and set a $41.00 price objective on the stock. in a report on Friday, June 6th. Morgan Stanley increased their price target on shares of American Homes 4 Rent from $40.50 to $41.00 and gave the company an "overweight" rating in a report on Tuesday, August 19th. Barclays reduced 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. Finally, Evercore ISI lowered their target price on shares of American Homes 4 Rent from $41.00 to $40.00 and set an "outperform" rating on the stock in a research report on Monday. Six equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $40.33.

American Homes 4 Rent Price Performance

Shares of AMH stock traded down $0.71 during trading hours on Monday, hitting $33.42. The company's stock had a trading volume of 3,626,866 shares, compared to its average volume of 2,306,244. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.66. The business has a fifty day moving average of $35.22 and a 200-day moving average of $36.21. American Homes 4 Rent has a twelve month low of $31.68 and a twelve month high of $41.41. The stock has a market cap of $12.40 billion, a price-to-earnings ratio of 30.11, a P/E/G ratio of 2.88 and a beta of 0.75.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last posted its earnings results 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. The firm had revenue of $457.50 million for the quarter, compared to analyst estimates 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 quarter in the prior year, the company earned $0.45 EPS. American Homes 4 Rent has set its FY 2025 guidance at 1.840-1.880 EPS. As a group, equities research analysts anticipate that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is 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 (DPR) 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.