Allianz Asset Management GmbH Has $15.73 Million Position in American Homes 4 Rent $AMH

Allianz Asset Management GmbH reduced its stake in shares of American Homes 4 Rent (NYSE:AMH) by 23.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 436,060 shares of the real estate investment trust’s stock after selling 133,942 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.12% of American Homes 4 Rent worth $15,729,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in AMH. Nuveen LLC acquired a new stake in American Homes 4 Rent in the first quarter valued at approximately $113,669,000. Deutsche Bank AG lifted its stake in American Homes 4 Rent by 336.7% in the first quarter. Deutsche Bank AG now owns 3,079,945 shares of the real estate investment trust’s stock valued at $116,453,000 after acquiring an additional 2,374,678 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in American Homes 4 Rent by 15.2% in 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 last quarter. Centersquare Investment Management LLC lifted its stake in American Homes 4 Rent by 283.7% in the first quarter. Centersquare Investment Management LLC now owns 1,825,434 shares of the real estate investment trust’s stock valued at $69,020,000 after acquiring an additional 1,349,634 shares during the last quarter. Finally, Alyeska Investment Group L.P. lifted its stake in American Homes 4 Rent by 50.6% in the first quarter. Alyeska Investment Group L.P. now owns 2,995,393 shares of the real estate investment trust’s stock valued at $113,256,000 after acquiring an additional 1,006,133 shares during the last quarter. 91.87% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Barclays reduced their target price on shares of American Homes 4 Rent from $40.00 to $39.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 12th. 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 research note on Monday, September 15th. The Goldman Sachs Group cut shares of American Homes 4 Rent from a “buy” rating to a “neutral” rating and reduced their target price for the company from $43.00 to $37.00 in a research note on Wednesday, September 17th. Wells Fargo & Company reduced their target price on shares of American Homes 4 Rent from $39.00 to $38.00 and set an “overweight” rating for the company in a research note on Monday, October 13th. Finally, Morgan Stanley lifted their target price on shares of American Homes 4 Rent from $40.50 to $41.00 and gave the company an “overweight” rating in a research note on Tuesday, August 19th. Eight equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $39.57.

American Homes 4 Rent Trading Up 0.3%

NYSE:AMH opened at $32.90 on Tuesday. American Homes 4 Rent has a 12 month low of $31.68 and a 12 month high of $39.49. The firm has a market cap of $12.20 billion, a price-to-earnings ratio of 29.64, a P/E/G ratio of 3.00 and a beta of 0.75. 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’s 50 day moving average is $33.85 and its 200-day moving average is $35.57.

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

American Homes 4 Rent Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were given 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 yield of 3.6%. American Homes 4 Rent’s payout ratio is 108.11%.

American Homes 4 Rent Company 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.