Russell Investments Group Ltd. Increases Stock Position in American Homes 4 Rent $AMH

Russell Investments Group Ltd. increased its stake in American Homes 4 Rent (NYSE:AMH) by 21.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,606,764 shares of the real estate investment trust’s stock after purchasing an additional 468,075 shares during the quarter. Russell Investments Group Ltd. owned 0.70% of American Homes 4 Rent worth $94,026,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of AMH. Hantz Financial Services Inc. raised 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 stake in American Homes 4 Rent during the second quarter worth about $33,000. Pandora Wealth Inc. acquired a new stake in American Homes 4 Rent during the 1st quarter worth approximately $38,000. SVB Wealth LLC purchased a new position in shares of American Homes 4 Rent in the 1st quarter valued at $42,000. Finally, Oliver Lagore Vanvalin Investment Group purchased a new position in American Homes 4 Rent in the second quarter valued at about $49,000. 91.87% of the stock is currently owned by hedge funds and other institutional investors.

American Homes 4 Rent Price Performance

AMH opened at $31.96 on Thursday. The stock has a market cap of $11.86 billion, a price-to-earnings ratio of 27.09, a PEG ratio of 2.85 and a beta of 0.75. The stock has a fifty day moving average price of $32.50 and a 200 day moving average price of $34.74. American Homes 4 Rent has a 1 year low of $31.01 and a 1 year high of $39.49. 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 earnings results on Wednesday, October 29th. The real estate investment trust reported $0.47 EPS for the quarter, topping the consensus estimate of $0.46 by $0.01. American Homes 4 Rent had a net margin of 24.70% and a return on equity of 5.90%. The firm had revenue of $478.46 million for the quarter, compared to the consensus estimate of $475.75 million. During the same period in the prior year, the business posted $0.44 earnings per share. The business’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. Analysts forecast that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

American Homes 4 Rent Announces Dividend

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 issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend 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 (DPR) is presently 101.69%.

Insiders Place Their Bets

In other American Homes 4 Rent news, Director Douglas N. Benham bought 1,000 shares of the stock in a transaction that occurred on Wednesday, November 19th. The shares were acquired at an average price of $31.65 per share, with a total value of $31,650.00. Following the completion of the purchase, the director directly owned 7,991 shares in the company, valued at $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 through the SEC website. 6.32% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

AMH has been the topic of several recent analyst reports. Scotiabank cut their price target on American Homes 4 Rent from $41.00 to $35.00 and set a “sector perform” rating on the stock in a research note on Monday, November 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Homes 4 Rent in a report on Wednesday, October 8th. Evercore ISI reduced their price objective 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. Wolfe Research upgraded 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 research report on Thursday, October 2nd. Finally, Wall Street Zen cut American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Eight analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, American Homes 4 Rent currently has an average rating of “Moderate Buy” and a consensus target price of $38.14.

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.