Nordea Investment Management AB Purchases 2,485 Shares of American Homes 4 Rent $AMH

Nordea Investment Management AB grew its position in American Homes 4 Rent (NYSE:AMH) by 11.1% in the second quarter, HoldingsChannel.com reports. The fund owned 24,973 shares of the real estate investment trust’s stock after buying an additional 2,485 shares during the period. Nordea Investment Management AB’s holdings in American Homes 4 Rent were worth $891,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. grew its position in shares of American Homes 4 Rent by 15.2% in the 1st quarter. JPMorgan Chase & Co. now owns 15,899,721 shares of the real estate investment trust’s stock valued at $601,169,000 after acquiring an additional 2,094,497 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of American Homes 4 Rent by 0.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,366,860 shares of the real estate investment trust’s stock valued at $165,111,000 after acquiring an additional 32,825 shares during the period. Northern Trust Corp grew its position in shares of American Homes 4 Rent by 2.0% in the 1st quarter. Northern Trust Corp now owns 4,268,625 shares of the real estate investment trust’s stock valued at $161,397,000 after acquiring an additional 85,084 shares during the period. Burgundy Asset Management Ltd. grew its position in shares of American Homes 4 Rent by 6.9% in the 1st quarter. Burgundy Asset Management Ltd. now owns 4,111,296 shares of the real estate investment trust’s stock valued at $155,448,000 after acquiring an additional 266,744 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of American Homes 4 Rent by 21.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,883,018 shares of the real estate investment trust’s stock worth $146,817,000 after buying an additional 695,500 shares during the period. Institutional investors own 91.87% of the company’s stock.

American Homes 4 Rent Stock Performance

NYSE AMH opened at $33.29 on Friday. 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 has a market capitalization of $12.35 billion, a P/E ratio of 29.99, a P/E/G ratio of 3.04 and a beta of 0.75. American Homes 4 Rent has a 12-month low of $31.68 and a 12-month high of $39.49. The firm has a 50-day moving average price of $33.77 and a two-hundred day moving average price of $35.53.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings data 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. The firm had revenue of $457.50 million during the quarter, compared to the consensus estimate 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 revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.45 EPS. American Homes 4 Rent has set its FY 2025 guidance at 1.840-1.880 EPS. Analysts anticipate that American Homes 4 Rent will post 1.85 earnings per share for the current year.

American Homes 4 Rent Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were issued a $0.30 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $1.20 dividend on an annualized basis and a yield of 3.6%. American Homes 4 Rent’s payout ratio is currently 108.11%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on AMH. Wolfe Research raised shares of American Homes 4 Rent from a “peer perform” rating to an “outperform” rating and set a $38.00 target price for the company in a report on Thursday, October 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Homes 4 Rent in a report on Wednesday, October 8th. Mizuho reduced their target price on shares of American Homes 4 Rent from $36.00 to $34.00 and set an “outperform” rating for the company in a report on Tuesday. Morgan Stanley lifted their target price on shares of 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, Evercore ISI reduced 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 report on Monday, September 15th. Eight investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, American Homes 4 Rent has a consensus rating of “Moderate Buy” and an average price target of $39.36.

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.