TD Asset Management Inc Cuts Stock Position in American Homes 4 Rent $AMH

Key Points

• TD Asset Management Inc reduced its stock position in American Homes 4 Rent by 6.2%, holding 162,170 shares worth approximately $5.85 million.
• The company reported earnings per share of $0.47, exceeding expectations, and achieved a 23.72% net margin on quarterly revenue of $457.50 million.
• American Homes 4 Rent announced a quarterly dividend of $0.30 per share, with a yield of 3.7% and a payout ratio of 108.11%.

TD Asset Management Inc trimmed its holdings in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 6.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 162,170 shares of the real estate investment trust's stock after selling 10,686 shares during the period. TD Asset Management Inc's holdings in American Homes 4 Rent were worth $5,849,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Nuveen LLC purchased a new stake in shares of American Homes 4 Rent in the first quarter worth about $113,669,000. Deutsche Bank AG lifted its position in American Homes 4 Rent by 336.7% during the 1st quarter. Deutsche Bank AG now owns 3,079,945 shares of the real estate investment trust's stock worth $116,453,000 after acquiring an additional 2,374,678 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in American Homes 4 Rent by 15.2% in the 1st quarter. JPMorgan Chase & Co. now owns 15,899,721 shares of the real estate investment trust's stock worth $601,169,000 after acquiring an additional 2,094,497 shares during the period. Centersquare Investment Management LLC grew its position in American Homes 4 Rent by 283.7% in the first quarter. Centersquare Investment Management LLC now owns 1,825,434 shares of the real estate investment trust's stock valued at $69,020,000 after acquiring an additional 1,349,634 shares in the last quarter. Finally, Alyeska Investment Group L.P. raised its stake in shares of American Homes 4 Rent by 50.6% during the first quarter. Alyeska Investment Group L.P. now owns 2,995,393 shares of the real estate investment trust's stock valued at $113,256,000 after purchasing an additional 1,006,133 shares during the period. 91.87% of the stock is currently owned by institutional investors and hedge funds.

American Homes 4 Rent Price Performance

Shares of AMH opened at $32.80 on Monday. American Homes 4 Rent has a 52 week low of $31.68 and a 52 week high of $39.49. 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 firm has a market cap of $12.17 billion, a price-to-earnings ratio of 29.55, a PEG ratio of 3.00 and a beta of 0.75. The stock has a 50 day moving average of $33.88 and a 200-day moving average of $35.58.

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 return on equity of 5.60% and a net margin of 23.72%.The firm had revenue of $457.50 million for the quarter, compared to analysts' expectations of $451.50 million. During the same period last year, the business posted $0.45 earnings per share. The firm's revenue for the quarter 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. As a group, analysts forecast that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were paid a dividend of $0.30 per share. The ex-dividend date was Monday, September 15th. This represents a $1.20 annualized dividend and a yield of 3.7%. American Homes 4 Rent's dividend payout ratio is 108.11%.

Analyst Ratings Changes

AMH has been the subject of several analyst reports. Barclays decreased their target price 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 dropped their target price on American Homes 4 Rent from $41.00 to $40.00 and set an "outperform" rating on the stock in a research report on Monday, September 15th. Wolfe Research raised American Homes 4 Rent from a "peer perform" rating to an "outperform" rating and set a $38.00 price target for the company in a report on Thursday, October 2nd. The Goldman Sachs Group cut American Homes 4 Rent from a "buy" rating to a "neutral" rating and reduced their target price for the company from $43.00 to $37.00 in a research note on Wednesday, September 17th. Finally, Morgan Stanley raised 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 report on Tuesday, August 19th. Eight analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, American Homes 4 Rent presently has a consensus rating of "Moderate Buy" and a consensus price target of $39.57.

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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