American Homes 4 Rent $AMH Shares Bought by Strs Ohio

Strs Ohio grew its holdings in American Homes 4 Rent (NYSE:AMH) by 15.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 163,648 shares of the real estate investment trust’s stock after buying an additional 22,147 shares during the quarter. Strs Ohio’s holdings in American Homes 4 Rent were worth $5,441,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of AMH. Norges Bank acquired a new position in American Homes 4 Rent during the second quarter worth $796,706,000. Geode Capital Management LLC grew its stake in shares of American Homes 4 Rent by 0.4% during the 2nd quarter. Geode Capital Management LLC now owns 6,964,813 shares of the real estate investment trust’s stock worth $250,566,000 after purchasing an additional 31,179 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of American Homes 4 Rent by 1.3% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 4,421,478 shares of the real estate investment trust’s stock valued at $159,483,000 after purchasing an additional 54,618 shares in the last quarter. Burgundy Asset Management Ltd. increased its holdings in shares of American Homes 4 Rent by 4.1% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 4,280,147 shares of the real estate investment trust’s stock valued at $154,385,000 after purchasing an additional 168,851 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of American Homes 4 Rent by 2.9% in the second quarter. Bank of New York Mellon Corp now owns 3,043,364 shares of the real estate investment trust’s stock valued at $109,774,000 after purchasing an additional 86,735 shares during the period. 91.87% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Douglas N. Benham acquired 1,000 shares of the business’s stock in a transaction dated Wednesday, November 19th. The shares were acquired at an average cost of $31.65 per share, for a total transaction of $31,650.00. Following the acquisition, the director directly owned 7,991 shares in the company, valued at approximately $252,915.15. The trade was a 14.30% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Jack E. Corrigan bought 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 9th. The stock was bought at an average cost of $22.96 per share, for a total transaction of $114,800.00. Following the completion of the transaction, the director directly owned 17,300 shares of the company’s stock, valued at approximately $397,208. The trade was a 40.65% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 6.32% of the company’s stock.

Analyst Upgrades and Downgrades

AMH has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods raised shares of American Homes 4 Rent from a “market perform” rating to an “outperform” rating and set a $37.00 target price for the company in a report on Monday, December 15th. Scotiabank dropped their price objective on American Homes 4 Rent from $35.00 to $33.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 14th. The Goldman Sachs Group set a $37.00 price objective on American Homes 4 Rent in a report on Monday, December 15th. Wells Fargo & Company lowered their target price on American Homes 4 Rent from $38.00 to $37.00 and set an “overweight” rating on the stock in a report on Tuesday, November 25th. Finally, Citizens Jmp reaffirmed a “market outperform” rating and set a $41.00 price target on shares of American Homes 4 Rent in a research note on Wednesday, January 21st. Eight analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $37.44.

American Homes 4 Rent Price Performance

NYSE:AMH opened at $31.88 on Tuesday. American Homes 4 Rent has a 12-month low of $28.84 and a 12-month high of $39.49. The firm has a market cap of $11.83 billion, a price-to-earnings ratio of 27.02, a price-to-earnings-growth ratio of 3.05 and a beta of 0.79. The company’s 50-day moving average is $31.65 and its two-hundred day moving average is $33.13. 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 (NYSE:AMH) last posted its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. The business had revenue of $478.46 million during the quarter, compared to analyst estimates of $475.75 million. American Homes 4 Rent had a net margin of 24.70% and a return on equity of 5.90%. The company’s revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.44 earnings per share. American Homes 4 Rent has set its FY 2025 guidance at 1.860-1.88 EPS. Research analysts expect 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 Wednesday, December 31st. Stockholders of record on Monday, December 15th were given a $0.30 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.8%. American Homes 4 Rent’s payout ratio is currently 101.69%.

About American Homes 4 Rent

American Homes 4 Rent (NYSE: AMH) is a publicly traded real estate investment trust (REIT) specializing in the acquisition, development and management of single-family rental homes. Since its initial public offering in April 2013, the company has focused on building a large-scale, professionally managed portfolio of homes designed to meet the needs of today’s renters. Its business model emphasizes the acquisition of well-located properties coupled with consistent, in-house property management to drive occupancy and long-term value.

As of the most recent reporting, American Homes 4 Rent owns and operates tens of thousands of homes across the United States, with concentration in key Sun Belt and high-growth markets.