Ethic Inc. Takes $770,000 Position in American Homes 4 Rent $AMH

Ethic Inc. purchased a new stake in shares of American Homes 4 Rent (NYSE:AMH) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 21,437 shares of the real estate investment trust’s stock, valued at approximately $770,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings 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 valued at $3,921,000 after purchasing an additional 14,278 shares in the last quarter. Cerity Partners LLC raised its holdings 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 valued at $1,632,000 after purchasing an additional 26,057 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised 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 purchasing an additional 2,930 shares in the last quarter. Sequoia Financial Advisors LLC bought a new position in shares of American Homes 4 Rent during the 2nd quarter valued at $311,000. Finally, Cbre Investment Management Listed Real Assets LLC raised 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 purchasing an additional 821,874 shares in the last quarter. Institutional investors own 91.87% of the company’s stock.

American Homes 4 Rent Stock Performance

NYSE AMH opened at $33.43 on Tuesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a market capitalization of $12.40 billion, a price-to-earnings ratio of 30.12, a P/E/G ratio of 3.05 and a beta of 0.75. The company’s fifty day moving average is $33.72 and its two-hundred day moving average is $35.54. American Homes 4 Rent has a 52-week low of $31.68 and a 52-week high of $39.49.

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

American Homes 4 Rent Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on AMH shares. Evercore ISI lowered their target price on shares of American Homes 4 Rent from $41.00 to $40.00 and set an “outperform” rating on the stock in a research note on Monday, September 15th. Wolfe Research upgraded shares of American Homes 4 Rent from a “peer perform” rating to an “outperform” rating and set a $38.00 target price on the stock in a report on Thursday, October 2nd. Mizuho dropped their target price on shares of American Homes 4 Rent from $36.00 to $34.00 and set an “outperform” rating on the stock in a report on Tuesday, October 21st. Barclays dropped their target price on shares of American Homes 4 Rent from $40.00 to $39.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 12th. Finally, Morgan Stanley lifted their target price on shares of American Homes 4 Rent from $40.50 to $41.00 and gave the stock an “overweight” rating in a report on Tuesday, August 19th. Eight analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, American Homes 4 Rent currently has a consensus rating of “Moderate Buy” and an average price target of $39.36.

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.