Oppenheimer Asset Management Inc. Lowers Stake in American Homes 4 Rent $AMH

Oppenheimer Asset Management Inc. lessened its position in American Homes 4 Rent (NYSE:AMH) by 0.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 86,313 shares of the real estate investment trust’s stock after selling 583 shares during the period. Oppenheimer Asset Management Inc.’s holdings in American Homes 4 Rent were worth $3,113,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its holdings in American Homes 4 Rent by 15.2% in the 1st 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. Charles Schwab Investment Management Inc. grew its position in shares of American Homes 4 Rent by 0.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 4,366,860 shares of the real estate investment trust’s stock valued at $165,111,000 after purchasing an additional 32,825 shares during the period. Northern Trust Corp grew its position in shares of American Homes 4 Rent by 2.0% in the first quarter. Northern Trust Corp now owns 4,268,625 shares of the real estate investment trust’s stock valued at $161,397,000 after purchasing an additional 85,084 shares during the period. Burgundy Asset Management Ltd. increased its stake in American Homes 4 Rent by 6.9% in the first quarter. Burgundy Asset Management Ltd. now owns 4,111,296 shares of the real estate investment trust’s stock valued at $155,448,000 after purchasing an additional 266,744 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in American Homes 4 Rent by 21.8% during the first quarter. Goldman Sachs Group Inc. now owns 3,883,018 shares of the real estate investment trust’s stock worth $146,817,000 after buying an additional 695,500 shares during the period. Institutional investors and hedge funds own 91.87% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the company. Barclays lowered 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 report on Tuesday, August 12th. The Goldman Sachs Group downgraded shares of American Homes 4 Rent from a “buy” rating to a “neutral” rating and lowered their target price for the company from $43.00 to $37.00 in a report on Wednesday, September 17th. Mizuho cut their price target on shares of American Homes 4 Rent from $36.00 to $34.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of American Homes 4 Rent in a report on Wednesday, October 8th. Finally, Wolfe Research raised shares of 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. Eight equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.36.

American Homes 4 Rent Stock Performance

Shares of AMH stock opened at $32.60 on Wednesday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.66. The company has a market cap of $12.09 billion, a PE ratio of 29.37, a P/E/G ratio of 3.06 and a beta of 0.75. The company’s fifty day simple moving average is $33.68 and its 200-day simple moving average is $35.53. 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 announced its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $457.50 million during the quarter, compared to the consensus estimate of $451.50 million. During the same period in the prior year, the firm earned $0.45 EPS. 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. As a group, equities research analysts anticipate that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Dividend Announcement

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

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.