American Homes 4 Rent $AMH Shares Acquired by Sumitomo Mitsui DS Asset Management Company Ltd

Key Points

• Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in American Homes 4 Rent by 11.2%, acquiring an additional 11,593 shares to own a total of 115,284 shares valued at approximately $4,158,000.
• Institutional investors and hedge funds own 91.87% of American Homes 4 Rent's stock, indicating significant institutional interest in the company.
• The real estate investment trust announced a quarterly dividend of $0.30 per share, with a total annualized dividend yield of 3.6%.

Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 11.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 115,284 shares of the real estate investment trust's stock after purchasing an additional 11,593 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in American Homes 4 Rent were worth $4,158,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. GF Fund Management CO. LTD. raised its stake in American Homes 4 Rent by 5.1% during the first quarter. GF Fund Management CO. LTD. now owns 6,288 shares of the real estate investment trust's stock worth $238,000 after purchasing an additional 304 shares during the period. Arizona State Retirement System grew its holdings in shares of American Homes 4 Rent by 0.4% in the first quarter. Arizona State Retirement System now owns 96,005 shares of the real estate investment trust's stock valued at $3,630,000 after purchasing an additional 366 shares in the last quarter. Avantax Advisory Services Inc. grew its holdings in shares of American Homes 4 Rent by 1.1% in the first 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 grew its holdings in shares of American Homes 4 Rent by 0.4% in the first 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 in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in shares of 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 valued at $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 Trading Up 0.2%

Shares of NYSE AMH traded up $0.06 during midday trading on Tuesday, reaching $33.40. 687,723 shares of the stock were exchanged, compared to its average volume of 2,270,539. The company has a market capitalization of $12.39 billion, a P/E ratio of 30.09, a P/E/G ratio of 2.81 and a beta of 0.75. American Homes 4 Rent has a 52-week low of $31.68 and a 52-week high of $39.88. 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 stock has a 50 day moving average price of $34.99 and a 200-day moving average price of $36.10.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last issued its quarterly earnings results 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. 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 net margin of 23.72% and a return on equity of 5.60%. The company's quarterly revenue was up 8.0% compared to the same quarter last year. 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. Equities research analysts expect 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. Investors of record on Monday, September 15th will be given a $0.30 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.20 annualized dividend and a dividend yield of 3.6%. American Homes 4 Rent's dividend payout ratio (DPR) is currently 108.11%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on AMH shares. Evercore ISI dropped their price objective on shares of American Homes 4 Rent from $41.00 to $40.00 and set an "outperform" rating for the company in a report on Monday, September 15th. 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 report on Tuesday, August 12th. Morgan Stanley boosted their price target on shares of American Homes 4 Rent from $40.50 to $41.00 and gave the stock an "overweight" rating in a report 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 price target for the company. in a report 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 price target for the stock from $43.00 to $37.00 in a report on Wednesday, September 17th. Six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from 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.