California Public Employees Retirement System Lowers Position in American Homes 4 Rent $AMH

California Public Employees Retirement System lowered its stake in shares of American Homes 4 Rent (NYSE:AMH) by 8.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,336,636 shares of the real estate investment trust’s stock after selling 121,811 shares during the period. California Public Employees Retirement System owned approximately 0.36% of American Homes 4 Rent worth $48,212,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in AMH. Norges Bank acquired a new stake in shares of American Homes 4 Rent during the 2nd quarter worth $796,706,000. Nuveen LLC purchased a new stake in American Homes 4 Rent during the first quarter valued at about $113,669,000. JPMorgan Chase & Co. grew its position in American Homes 4 Rent by 15.2% during the first 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. First Trust Advisors LP increased its stake in American Homes 4 Rent by 2,035.9% during the second quarter. First Trust Advisors LP now owns 1,129,609 shares of the real estate investment trust’s stock worth $40,745,000 after acquiring an additional 1,076,722 shares during the last quarter. Finally, Alyeska Investment Group L.P. raised its holdings in shares of American Homes 4 Rent by 50.6% in the 1st quarter. Alyeska Investment Group L.P. now owns 2,995,393 shares of the real estate investment trust’s stock worth $113,256,000 after purchasing an additional 1,006,133 shares during the period. Institutional investors and hedge funds own 91.87% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AMH. Wall Street Zen cut American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. Scotiabank reduced their price target on shares of American Homes 4 Rent from $41.00 to $35.00 and set a “sector perform” rating on the stock in a research report on Monday, November 10th. Wells Fargo & Company dropped their price objective on shares of American Homes 4 Rent from $38.00 to $37.00 and set an “overweight” rating for the company in a research report on Tuesday, November 25th. Barclays cut their target price on shares of American Homes 4 Rent from $39.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 25th. Finally, Morgan Stanley decreased their price target on shares of American Homes 4 Rent from $41.00 to $40.00 and set an “overweight” rating for the company in a research report on Thursday, November 13th. Eight investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, American Homes 4 Rent has a consensus rating of “Moderate Buy” and an average target price of $38.14.

American Homes 4 Rent Stock Performance

American Homes 4 Rent stock opened at $30.15 on Wednesday. American Homes 4 Rent has a 12-month low of $30.11 and a 12-month high of $39.49. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.41 and a quick ratio of 0.41. The company has a market capitalization of $11.19 billion, a price-to-earnings ratio of 25.55, a price-to-earnings-growth ratio of 2.86 and a beta of 0.80. The firm’s fifty day moving average price is $32.18 and its 200 day moving average price is $34.29.

American Homes 4 Rent (NYSE:AMH) last announced its earnings results on Wednesday, October 29th. The real estate investment trust reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.01. American Homes 4 Rent had a return on equity of 5.90% and a net margin of 24.70%.The company had revenue of $478.46 million during the quarter, compared to the consensus estimate of $475.75 million. During the same period last year, the firm earned $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, research analysts forecast that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Monday, December 15th. American Homes 4 Rent’s dividend payout ratio is presently 101.69%.

Insider Activity at American Homes 4 Rent

In related news, Director Douglas N. Benham purchased 1,000 shares of the firm’s stock in a transaction dated Wednesday, November 19th. The stock was acquired at an average price of $31.65 per share, with a total value 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 represents a 14.30% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 6.01% of the company’s stock.

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.