Metis Global Partners LLC Has $2.04 Million Stock Position in American Homes 4 Rent $AMH

Metis Global Partners LLC boosted its holdings in shares of American Homes 4 Rent (NYSE:AMH) by 23.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 56,659 shares of the real estate investment trust’s stock after purchasing an additional 10,606 shares during the period. Metis Global Partners LLC’s holdings in American Homes 4 Rent were worth $2,044,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Hantz Financial Services Inc. lifted its holdings in shares of American Homes 4 Rent by 922.2% in the second quarter. Hantz Financial Services Inc. now owns 828 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 747 shares during the last quarter. AlphaQuest LLC acquired a new position in American Homes 4 Rent during the 2nd quarter worth approximately $33,000. Pandora Wealth Inc. bought a new position in American Homes 4 Rent in the 1st quarter valued at approximately $38,000. SVB Wealth LLC acquired a new stake in American Homes 4 Rent in the first quarter valued at approximately $42,000. Finally, Oliver Lagore Vanvalin Investment Group acquired a new stake in American Homes 4 Rent in the second quarter valued at approximately $49,000. 91.87% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AMH. Barclays lowered their price target 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. The Goldman Sachs Group cut American Homes 4 Rent from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $43.00 to $37.00 in a report on Wednesday, September 17th. Evercore ISI dropped their target price on American Homes 4 Rent from $40.00 to $39.00 and set an “outperform” rating for the company in a research report on Friday, October 31st. Keefe, Bruyette & Woods cut their price target on American Homes 4 Rent from $40.00 to $37.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 5th. Finally, Mizuho lowered their price objective on American Homes 4 Rent from $36.00 to $34.00 and set an “outperform” rating for the company in a research note on Tuesday, October 21st. Eight investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $39.07.

American Homes 4 Rent Trading Up 1.2%

NYSE AMH opened at $31.98 on Monday. The firm has a market capitalization of $11.87 billion, a PE ratio of 27.10, a price-to-earnings-growth ratio of 2.84 and a beta of 0.75. The business’s 50-day moving average price is $33.11 and its two-hundred day moving average price is $35.27. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.62. American Homes 4 Rent has a 12 month low of $31.01 and a 12 month high of $39.49.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. American Homes 4 Rent had a return on equity of 5.90% and a net margin of 24.70%.The company had revenue of ($916.78) million for the quarter, compared to analyst estimates of $475.75 million. During the same period in the previous year, the firm earned $0.44 earnings per share. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. American Homes 4 Rent has set its FY 2025 guidance at 1.860-1.88 EPS. On average, analysts expect that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Monday, December 15th. American Homes 4 Rent’s dividend payout ratio is currently 101.69%.

American Homes 4 Rent Company 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.