Bank of Montreal Can Has $4.64 Million Stock Position in American Homes 4 Rent $AMH

Bank of Montreal Can reduced its stake in American Homes 4 Rent (NYSE:AMH) by 11.4% during the 2nd quarter, HoldingsChannel reports. The firm owned 128,638 shares of the real estate investment trust’s stock after selling 16,475 shares during the quarter. Bank of Montreal Can’s holdings in American Homes 4 Rent were worth $4,640,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of AMH. Cerity Partners LLC raised its stake in American Homes 4 Rent by 152.4% during the first quarter. Cerity Partners LLC now owns 43,157 shares of the real estate investment trust’s stock worth $1,632,000 after acquiring an additional 26,057 shares in the last quarter. Sequoia Financial Advisors LLC bought a new stake in shares of American Homes 4 Rent in the 2nd quarter worth about $311,000. Cbre Investment Management Listed Real Assets LLC increased its position 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 worth $46,132,000 after purchasing an additional 821,874 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in American Homes 4 Rent by 0.8% during the 1st 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 last quarter. Finally, Gotham Asset Management LLC lifted its holdings in American Homes 4 Rent by 16.7% during the 1st quarter. Gotham Asset Management LLC now owns 616,790 shares of the real estate investment trust’s stock valued at $23,321,000 after purchasing an additional 88,358 shares during the last quarter. Institutional investors own 91.87% of the company’s stock.

Analyst Ratings Changes

AMH has been the topic of several research analyst reports. Scotiabank decreased their price objective on shares of American Homes 4 Rent from $41.00 to $35.00 and set a “sector perform” rating on the stock in a research note on Monday. Wolfe Research raised 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. Barclays decreased their price target on American Homes 4 Rent from $40.00 to $39.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 12th. Wall Street Zen downgraded American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Finally, Mizuho reduced their price objective on 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. Eight equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $38.64.

American Homes 4 Rent Stock Performance

Shares of American Homes 4 Rent stock opened at $32.10 on Wednesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.41 and a quick ratio of 0.41. The firm has a 50 day simple moving average of $32.98 and a 200 day simple moving average of $35.20. American Homes 4 Rent has a fifty-two week low of $31.01 and a fifty-two week high of $39.49. The firm has a market cap of $11.91 billion, a P/E ratio of 27.21, a P/E/G ratio of 2.80 and a beta of 0.75.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. The firm had revenue of ($916.78) million for the quarter, compared to analyst estimates of $475.75 million. American Homes 4 Rent had a return on equity of 5.90% and a net margin of 24.70%.The business’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period last year, the company earned $0.44 EPS. American Homes 4 Rent has set its FY 2025 guidance at 1.860-1.88 EPS. Sell-side analysts predict that American Homes 4 Rent will post 1.85 earnings per share for the current fiscal year.

American Homes 4 Rent Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Monday, December 15th. American Homes 4 Rent’s payout ratio is currently 101.69%.

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.