Adelante Capital Management LLC Raises Holdings in American Homes 4 Rent $AMH

Adelante Capital Management LLC lifted its holdings in shares of American Homes 4 Rent (NYSE:AMH) by 9.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 913,578 shares of the real estate investment trust’s stock after purchasing an additional 75,775 shares during the period. American Homes 4 Rent comprises approximately 2.4% of Adelante Capital Management LLC’s holdings, making the stock its 13th biggest holding. Adelante Capital Management LLC’s holdings in American Homes 4 Rent were worth $34,542,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. GF Fund Management CO. LTD. increased its stake in shares of American Homes 4 Rent by 5.1% during the 1st quarter. GF Fund Management CO. LTD. now owns 6,288 shares of the real estate investment trust’s stock worth $238,000 after purchasing an additional 304 shares in the last quarter. Arizona State Retirement System increased its stake in shares of 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 stake in shares of 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 increased its stake in shares of American Homes 4 Rent by 0.4% during the 1st quarter. UniSuper Management Pty Ltd now owns 101,600 shares of the real estate investment trust’s stock worth $3,841,000 after purchasing an additional 400 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in shares of American Homes 4 Rent by 0.7% during the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 63,490 shares of the real estate investment trust’s stock worth $2,401,000 after purchasing an additional 452 shares in the last quarter. 91.87% of the stock is owned by hedge funds and other institutional investors.

American Homes 4 Rent Price Performance

AMH stock opened at $34.85 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.88 and a current ratio of 0.88. American Homes 4 Rent has a 1 year low of $31.68 and a 1 year high of $41.41. The firm has a market cap of $12.92 billion, a P/E ratio of 31.39, a price-to-earnings-growth ratio of 2.94 and a beta of 0.75. The stock has a 50-day simple moving average of $35.40 and a 200-day simple moving average of $36.26.

American Homes 4 Rent (NYSE:AMH) last posted its earnings results on Thursday, July 31st. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $457.50 million during the quarter, compared to analyst estimates of $451.50 million. During the same quarter last year, the firm earned $0.45 earnings per share. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. American Homes 4 Rent has set its FY 2025 guidance at 1.840-1.880 EPS. On average, equities analysts predict 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 announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a $0.30 dividend. The ex-dividend date is Monday, September 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.4%. American Homes 4 Rent’s dividend payout ratio (DPR) is 108.11%.

Analyst Ratings Changes

AMH has been the subject of a number of recent research reports. Scotiabank raised their price objective on shares of American Homes 4 Rent from $38.00 to $41.00 and gave the stock a “sector perform” rating in a research note on Monday, May 12th. Citigroup lowered 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. Morgan Stanley upped their price objective on American Homes 4 Rent from $40.50 to $41.00 and gave the stock an “overweight” rating in a report on Tuesday, August 19th. Finally, Barclays dropped their price objective on 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. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $40.42.

Insider Activity

In related news, Director Jack E. Corrigan bought 4,000 shares of the stock in a transaction dated Thursday, June 12th. The stock was acquired at an average price of $22.93 per share, for a total transaction of $91,720.00. Following the completion of the purchase, the director owned 15,000 shares in the company, valued at $343,950. This represents a 36.36% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 6.32% of the company’s stock.

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.