Cookson Peirce & Co. Inc. Acquires 3,043 Shares of American Homes 4 Rent $AMH

Cookson Peirce & Co. Inc. raised its holdings in American Homes 4 Rent (NYSE:AMH) by 21.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,402 shares of the real estate investment trust’s stock after buying an additional 3,043 shares during the quarter. Cookson Peirce & Co. Inc.’s holdings in American Homes 4 Rent were worth $628,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. GF Fund Management CO. LTD. grew its position in shares of American Homes 4 Rent by 5.1% in the 1st quarter. GF Fund Management CO. LTD. now owns 6,288 shares of the real estate investment trust’s stock worth $238,000 after buying an additional 304 shares during the last quarter. Arizona State Retirement System grew its position in shares of American Homes 4 Rent by 0.4% in the 1st quarter. Arizona State Retirement System now owns 96,005 shares of the real estate investment trust’s stock worth $3,630,000 after buying an additional 366 shares during the last quarter. Avantax Advisory Services Inc. grew its position in shares of American Homes 4 Rent by 1.1% in the 1st quarter. Avantax Advisory Services Inc. now owns 34,995 shares of the real estate investment trust’s stock worth $1,323,000 after buying an additional 391 shares during the last quarter. UniSuper Management Pty Ltd grew its position in shares of American Homes 4 Rent by 0.4% in the 1st quarter. UniSuper Management Pty Ltd now owns 101,600 shares of the real estate investment trust’s stock worth $3,841,000 after buying an additional 400 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in shares of American Homes 4 Rent by 0.7% in the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 63,490 shares of the real estate investment trust’s stock worth $2,401,000 after buying an additional 452 shares during the last quarter. 91.87% of the stock is currently owned by institutional investors.

American Homes 4 Rent Stock Down 0.0%

Shares of NYSE:AMH opened at $33.29 on Friday. The stock has a fifty day simple moving average of $33.77 and a two-hundred day simple moving average of $35.53. The stock has a market capitalization of $12.35 billion, a price-to-earnings ratio of 29.99, a PEG ratio of 3.04 and a beta of 0.75. American Homes 4 Rent has a 12-month low of $31.68 and a 12-month high of $39.49. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.66.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.47 earnings per share (EPS) 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 analysts’ expectations of $451.50 million. During the same quarter in the previous year, the business earned $0.45 earnings per share. The firm’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. On average, research analysts anticipate that American Homes 4 Rent will post 1.85 earnings per share for the current fiscal year.

American Homes 4 Rent Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were paid a $0.30 dividend. The ex-dividend date was Monday, September 15th. This represents a $1.20 annualized dividend and a dividend yield of 3.6%. American Homes 4 Rent’s payout ratio is currently 108.11%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Morgan Stanley lifted their price objective on American Homes 4 Rent from $40.50 to $41.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 19th. Evercore ISI dropped their price target on American Homes 4 Rent from $41.00 to $40.00 and set an “outperform” rating on the stock in a research report on Monday, September 15th. Mizuho dropped 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. Weiss Ratings restated a “hold (c)” rating on shares of American Homes 4 Rent in a research report on Wednesday, October 8th. Finally, The Goldman Sachs Group lowered American Homes 4 Rent from a “buy” rating to a “neutral” rating and dropped their price target for the company from $43.00 to $37.00 in a research report on Wednesday, September 17th. Eight investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $39.36.

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.