American Homes 4 Rent’s (AMH) “Hold (C)” Rating Reiterated at Weiss Ratings

Weiss Ratings reiterated their hold (c) rating on shares of American Homes 4 Rent (NYSE:AMH) in a research note released on Wednesday,Weiss Ratings reports.

A number of other equities analysts have also weighed in on AMH. Barclays decreased their price target on American Homes 4 Rent from $40.00 to $39.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 12th. Evercore ISI reduced their price objective on American Homes 4 Rent from $41.00 to $40.00 and set an “outperform” rating for the company in a research note on Monday, September 15th. The Goldman Sachs Group downgraded American Homes 4 Rent from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $43.00 to $37.00 in a research note on Wednesday, September 17th. Morgan Stanley increased their price objective on American Homes 4 Rent from $40.50 to $41.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 19th. Finally, Wolfe Research raised 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 research note on Thursday, October 2nd. Seven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, American Homes 4 Rent presently has an average rating of “Moderate Buy” and an average target price of $39.69.

American Homes 4 Rent Trading Down 0.1%

NYSE:AMH opened at $32.52 on Wednesday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.66. American Homes 4 Rent has a 1-year low of $31.68 and a 1-year high of $39.49. The firm has a market capitalization of $12.06 billion, a price-to-earnings ratio of 29.30, a price-to-earnings-growth ratio of 2.97 and a beta of 0.75. The stock has a fifty day simple moving average of $34.09 and a 200 day simple moving average of $35.77.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. American Homes 4 Rent had a return on equity of 5.60% and a net margin of 23.72%.The business had revenue of $457.50 million during the quarter, compared to analyst estimates of $451.50 million. During the same quarter last year, the company posted $0.45 EPS. American Homes 4 Rent’s revenue for the quarter was up 8.0% on a year-over-year basis. American Homes 4 Rent has set its FY 2025 guidance at 1.840-1.880 EPS. Sell-side analysts forecast that American Homes 4 Rent will post 1.85 earnings per share for the current year.

American Homes 4 Rent Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.7%. American Homes 4 Rent’s dividend payout ratio (DPR) is 108.11%.

Institutional Investors Weigh In On American Homes 4 Rent

Hedge funds and other institutional investors have recently made changes to their positions in the company. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of American Homes 4 Rent by 16.0% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 103,691 shares of the real estate investment trust’s stock worth $3,921,000 after purchasing an additional 14,278 shares in the last quarter. Asset Management One Co. Ltd. raised its stake in shares of American Homes 4 Rent by 3.4% during the 1st quarter. Asset Management One Co. Ltd. now owns 688,009 shares of the real estate investment trust’s stock worth $26,014,000 after purchasing an additional 22,391 shares in the last quarter. Cerity Partners LLC raised its stake in shares of American Homes 4 Rent by 152.4% during the 1st quarter. Cerity Partners LLC now owns 43,157 shares of the real estate investment trust’s stock worth $1,632,000 after purchasing an additional 26,057 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of American Homes 4 Rent by 27.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,587 shares of the real estate investment trust’s stock valued at $511,000 after acquiring an additional 2,930 shares during the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC increased its holdings in shares of American Homes 4 Rent by 206.4% during the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,220,109 shares of the real estate investment trust’s stock valued at $46,132,000 after acquiring an additional 821,874 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.