Swedbank AB Has $19.25 Million Stock Position in American Homes 4 Rent $AMH

Key Points

• Swedbank AB increased its holding in American Homes 4 Rent, acquiring an additional 33,669 shares in the second quarter, bringing its total to 533,669 shares valued at approximately $19.25 million.
• American Homes 4 Rent reported a quarterly earnings per share of $0.47, exceeding analysts' expectations, with revenues climbing to $457.5 million—a year-over-year increase of 8%.
• The company plans to pay a quarterly dividend of $0.30 on September 30th, which reflects an annualized dividend yield of 3.6%.

Swedbank AB raised its holdings in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 6.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 533,669 shares of the real estate investment trust's stock after acquiring an additional 33,669 shares during the quarter. Swedbank AB owned approximately 0.14% of American Homes 4 Rent worth $19,249,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of AMH. GF Fund Management CO. LTD. increased its position 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 buying an additional 304 shares in the last quarter. Arizona State Retirement System increased its position in 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 position in 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 raised its stake in 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 lifted its holdings in American Homes 4 Rent by 0.7% in the 1st 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. Hedge funds and other institutional investors own 91.87% of the company's stock.

American Homes 4 Rent Stock Performance

NYSE AMH traded up $0.06 during trading on Tuesday, hitting $33.40. The company's stock had a trading volume of 687,723 shares, compared to its average volume of 2,270,539. American Homes 4 Rent has a 52 week low of $31.68 and a 52 week high of $39.88. The firm has a market cap of $12.39 billion, a P/E ratio of 30.09, a price-to-earnings-growth ratio of 2.81 and a beta of 0.75. The firm has a 50 day moving average price of $34.99 and a 200 day moving average price of $36.10. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.66.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last announced its quarterly earnings data 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. American Homes 4 Rent had a net margin of 23.72% and a return on equity of 5.60%. The business had revenue of $457.50 million for the quarter, compared to the consensus estimate of $451.50 million. During the same quarter last year, the company posted $0.45 earnings per share. American Homes 4 Rent's quarterly revenue was up 8.0% on a year-over-year basis. American Homes 4 Rent has set its FY 2025 guidance at 1.840-1.880 EPS. Equities research analysts forecast that American Homes 4 Rent will post 1.85 earnings per share for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Monday, September 15th. American Homes 4 Rent's dividend payout ratio (DPR) is presently 108.11%.

Wall Street Analyst Weigh In

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

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.