American Homes 4 Rent (NYSE:AMH) Hits New 52-Week Low – Here’s What Happened

American Homes 4 Rent (NYSE:AMH)’s share price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $30.11 and last traded at $30.1480, with a volume of 3354267 shares trading hands. The stock had previously closed at $30.44.

Analysts Set New Price Targets

A number of equities analysts have commented on AMH shares. Weiss Ratings reissued a “hold (c)” rating on shares of American Homes 4 Rent in a research note on Wednesday, October 8th. Wolfe Research raised shares of American Homes 4 Rent from a “peer perform” rating to an “outperform” rating and set a $38.00 price objective for the company in a report on Thursday, October 2nd. Barclays cut their target price on shares of American Homes 4 Rent from $39.00 to $34.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 25th. Mizuho lowered their price target on American Homes 4 Rent from $36.00 to $34.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 21st. Finally, Wells Fargo & Company dropped their price target on American Homes 4 Rent from $38.00 to $37.00 and set an “overweight” rating for the company in a research note on Tuesday, November 25th. Eight analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $38.14.

American Homes 4 Rent Stock Performance

The company has a market cap of $11.19 billion, a PE ratio of 25.55, a PEG ratio of 2.86 and a beta of 0.80. The business’s 50-day moving average is $32.18 and its 200 day moving average is $34.29. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.41 and a current ratio of 0.41.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, beating 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 business had revenue of $478.46 million during the quarter, compared to analyst estimates of $475.75 million. During the same period in the prior year, the business posted $0.44 earnings per share. The company’s 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. On average, equities research analysts predict that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 4.0%. The ex-dividend date is Monday, December 15th. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 101.69%.

Insider Buying and Selling

In related news, Director Douglas N. Benham acquired 1,000 shares of the stock in a transaction on Wednesday, November 19th. The stock was purchased at an average price of $31.65 per share, for a total transaction of $31,650.00. Following the completion of the transaction, the director owned 7,991 shares of the company’s stock, valued at $252,915.15. This trade represents a 14.30% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 6.01% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Sequoia Financial Advisors LLC bought a new position in shares of American Homes 4 Rent during the second quarter valued at approximately $311,000. Cbre Investment Management Listed Real Assets LLC boosted its position in shares of American Homes 4 Rent by 206.4% in the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,220,109 shares of the real estate investment trust’s stock worth $46,132,000 after purchasing an additional 821,874 shares in the last quarter. Gotham Asset Management LLC grew its stake in shares of American Homes 4 Rent by 16.7% in the 1st quarter. Gotham Asset Management LLC now owns 616,790 shares of the real estate investment trust’s stock worth $23,321,000 after buying an additional 88,358 shares during the last quarter. JPMorgan Chase & Co. increased its position in American Homes 4 Rent by 15.2% during 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 buying an additional 2,094,497 shares in the last quarter. Finally, Metis Global Partners LLC raised its stake in American Homes 4 Rent by 23.0% during the second quarter. Metis Global Partners LLC now owns 56,659 shares of the real estate investment trust’s stock valued at $2,044,000 after buying an additional 10,606 shares during the last quarter. 91.87% of the stock is owned by hedge funds and other institutional investors.

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.