VIRGINIA RETIREMENT SYSTEMS ET Al Buys New Shares in American Homes 4 Rent $AMH

Key Points

• Virginia Retirement Systems acquired a new stake in American Homes 4 Rent, purchasing 181,800 shares valued around $6.56 million in the second quarter.
• American Homes 4 Rent reported $0.47 earnings per share for the last quarter, exceeding expectations and demonstrating an 8% revenue increase year-over-year.
• The company’s quarterly dividend of $0.30 per share reflects an annualized yield of 3.6%, with a high payout ratio of 108.11%.

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in American Homes 4 Rent (NYSE:AMH - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 181,800 shares of the real estate investment trust's stock, valued at approximately $6,558,000.

A number of other institutional investors have also recently bought and sold shares of AMH. Nuveen LLC purchased a new stake in American Homes 4 Rent in the first quarter valued at approximately $113,669,000. Deutsche Bank AG increased its position in shares of American Homes 4 Rent by 336.7% in the first 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. increased its position in shares of American Homes 4 Rent by 15.2% in the first 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 in the last quarter. Centersquare Investment Management LLC increased its position in shares of 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 worth $69,020,000 after acquiring an additional 1,349,634 shares in the last quarter. Finally, Alyeska Investment Group L.P. increased its position in shares of American Homes 4 Rent by 50.6% in the first quarter. Alyeska Investment Group L.P. now owns 2,995,393 shares of the real estate investment trust's stock worth $113,256,000 after acquiring an additional 1,006,133 shares in the last quarter. 91.87% of the stock is currently owned by hedge funds and other institutional investors.

American Homes 4 Rent Price Performance

Shares of AMH stock opened at $32.90 on Tuesday. The company has a market capitalization of $12.20 billion, a PE ratio of 29.64, a price-to-earnings-growth ratio of 3.00 and a beta of 0.75. The firm has a fifty day simple moving average of $33.85 and a 200-day simple moving average of $35.57. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.66. American Homes 4 Rent has a twelve month low of $31.68 and a twelve month high of $39.49.

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 earnings per share for the quarter, beating the consensus estimate 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 business's quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.45 earnings per share. American Homes 4 Rent has set its FY 2025 guidance at 1.840-1.880 EPS. Equities research analysts anticipate that American Homes 4 Rent will post 1.85 earnings per share for the current fiscal year.

American Homes 4 Rent Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Wolfe Research raised shares of American Homes 4 Rent from a "peer perform" rating to an "outperform" rating and set a $38.00 price objective for the company in a research report on Thursday, October 2nd. Morgan Stanley increased their price objective 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. The Goldman Sachs Group lowered shares of American Homes 4 Rent from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $43.00 to $37.00 in a research report on Wednesday, September 17th. 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 research report on Tuesday, August 12th. Finally, Wells Fargo & Company dropped their price objective on shares of American Homes 4 Rent from $39.00 to $38.00 and set an "overweight" rating for the company in a research report on Monday, October 13th. Eight equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $39.57.

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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