Commerzbank Aktiengesellschaft FI Acquires 1,346 Shares of American Homes 4 Rent $AMH

Commerzbank Aktiengesellschaft FI grew its holdings in shares of American Homes 4 Rent (NYSE:AMH) by 16.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,565 shares of the real estate investment trust’s stock after acquiring an additional 1,346 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in American Homes 4 Rent were worth $346,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of AMH. SG Americas Securities LLC lifted its stake in shares of American Homes 4 Rent by 154.7% during the 1st quarter. SG Americas Securities LLC now owns 89,190 shares of the real estate investment trust’s stock valued at $3,372,000 after buying an additional 54,178 shares in the last quarter. Handelsbanken Fonder AB lifted its stake in shares of American Homes 4 Rent by 10.3% during the 1st quarter. Handelsbanken Fonder AB now owns 99,192 shares of the real estate investment trust’s stock valued at $3,750,000 after buying an additional 9,300 shares in the last quarter. Azzad Asset Management Inc. ADV lifted its stake in shares of American Homes 4 Rent by 3.0% during the 1st quarter. Azzad Asset Management Inc. ADV now owns 41,214 shares of the real estate investment trust’s stock valued at $1,558,000 after buying an additional 1,216 shares in the last quarter. Opal Wealth Advisors LLC purchased a new position in shares of American Homes 4 Rent during the 1st quarter valued at $42,000. Finally, Exchange Traded Concepts LLC lifted its stake in shares of American Homes 4 Rent by 13.1% during the 1st quarter. Exchange Traded Concepts LLC now owns 25,857 shares of the real estate investment trust’s stock valued at $978,000 after buying an additional 2,997 shares in the last quarter. Institutional investors own 91.87% of the company’s stock.

American Homes 4 Rent Stock Down 0.1%

Shares of AMH stock opened at $32.52 on Friday. The stock has a market cap of $12.06 billion, a P/E ratio of 29.30, a PEG ratio of 2.97 and a beta of 0.75. American Homes 4 Rent has a 52 week low of $31.68 and a 52 week high of $39.49. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.66. The company’s fifty day simple moving average is $34.09 and its two-hundred day simple moving average is $35.76.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.47 EPS for the quarter, topping the consensus estimate of $0.46 by $0.01. The business had revenue of $457.50 million for 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 business’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.45 EPS. American Homes 4 Rent has set its FY 2025 guidance at 1.840-1.880 EPS. Analysts predict that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

American Homes 4 Rent Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.7%. The ex-dividend date was Monday, September 15th. American Homes 4 Rent’s dividend payout ratio is currently 108.11%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AMH. Barclays lowered their target price on shares of American Homes 4 Rent from $40.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 12th. Morgan Stanley lifted 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. Evercore ISI lowered their target price on shares of American Homes 4 Rent from $41.00 to $40.00 and set an “outperform” rating on the stock in a research note on Monday, September 15th. The Goldman Sachs Group cut shares of American Homes 4 Rent from a “buy” rating to a “neutral” rating and lowered their target price for the company from $43.00 to $37.00 in a research note on Wednesday, September 17th. Finally, Wolfe Research upgraded shares of American Homes 4 Rent from a “peer perform” rating to an “outperform” rating and set a $38.00 price target on the stock in a research note on Thursday, October 2nd. Seven research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.69.

American Homes 4 Rent 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.