Voya Investment Management LLC reduced its holdings in American Homes 4 Rent (NYSE:AMH - Free Report) by 55.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 170,971 shares of the real estate investment trust's stock after selling 211,232 shares during the period. Voya Investment Management LLC's holdings in American Homes 4 Rent were worth $6,464,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of American Homes 4 Rent by 16.0% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 103,691 shares of the real estate investment trust's stock valued at $3,921,000 after acquiring an additional 14,278 shares during the last quarter. Asset Management One Co. Ltd. boosted its holdings in shares of American Homes 4 Rent by 3.4% in the 1st quarter. Asset Management One Co. Ltd. now owns 688,009 shares of the real estate investment trust's stock valued at $26,014,000 after acquiring an additional 22,391 shares during the last quarter. Cerity Partners LLC boosted its holdings in shares of American Homes 4 Rent by 152.4% in the 1st quarter. Cerity Partners LLC now owns 43,157 shares of the real estate investment trust's stock valued at $1,632,000 after acquiring an additional 26,057 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of American Homes 4 Rent by 27.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,587 shares of the real estate investment trust's stock valued at $511,000 after acquiring an additional 2,930 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted 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 acquiring an additional 949,550 shares during the last quarter. 91.87% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities analysts recently issued reports on AMH shares. 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 decreased their target price on shares of American Homes 4 Rent from $41.00 to $40.00 and set an "outperform" rating for the company in a research note on Monday, September 15th. Morgan Stanley boosted their target price on shares of American Homes 4 Rent from $40.50 to $41.00 and gave the company an "overweight" rating in a research note on Tuesday, August 19th. The Goldman Sachs Group cut shares of American Homes 4 Rent from a "buy" rating to a "neutral" rating and decreased their target price for the company from $43.00 to $37.00 in a research note on Wednesday. Finally, Citigroup cut shares of American Homes 4 Rent from a "buy" rating to a "neutral" rating and set a $41.00 target price for the company. in a research note on Friday, June 6th. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $39.83.
Check Out Our Latest Analysis on American Homes 4 Rent
American Homes 4 Rent Price Performance
NYSE:AMH traded up $0.06 during trading hours on Friday, reaching $33.43. 5,263,222 shares of the company were exchanged, compared to its average volume of 2,595,906. 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's 50-day moving average is $35.04 and its 200-day moving average is $36.12. The firm has a market cap of $12.40 billion, a PE ratio of 30.12, a price-to-earnings-growth ratio of 2.81 and a beta of 0.75. American Homes 4 Rent has a twelve month low of $31.68 and a twelve month high of $40.29.
American Homes 4 Rent (NYSE:AMH - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.47 earnings per share for the quarter, topping analysts' consensus estimates of $0.46 by $0.01. The company had revenue of $457.50 million during the quarter, compared to analysts' expectations of $451.50 million. American Homes 4 Rent had a net margin of 23.72% and a return on equity of 5.60%. The firm's revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.45 earnings per share. American Homes 4 Rent has set its FY 2025 guidance at 1.840-1.880 EPS. On average, sell-side analysts anticipate that American Homes 4 Rent will post 1.85 earnings per share for the current fiscal year.
American Homes 4 Rent Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Monday, September 15th. American Homes 4 Rent's dividend payout ratio is 108.11%.
American Homes 4 Rent Profile
(
Free Report)
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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