Mitsubishi UFJ Asset Management Co. Ltd. Purchases 6,501 Shares of American Homes 4 Rent $AMH

Mitsubishi UFJ Asset Management Co. Ltd. increased its position in American Homes 4 Rent (NYSE:AMH) by 1.3% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 515,093 shares of the real estate investment trust’s stock after buying an additional 6,501 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in American Homes 4 Rent were worth $18,579,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Hantz Financial Services Inc. lifted its holdings in shares of American Homes 4 Rent by 922.2% in the 2nd quarter. Hantz Financial Services Inc. now owns 828 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 747 shares during the last quarter. AlphaQuest LLC bought a new stake in American Homes 4 Rent in the second quarter worth $33,000. Pandora Wealth Inc. bought a new position in shares of American Homes 4 Rent during the first quarter valued at about $38,000. SVB Wealth LLC bought a new position in shares of American Homes 4 Rent during the first quarter valued at about $42,000. Finally, Oliver Lagore Vanvalin Investment Group purchased a new position in shares of American Homes 4 Rent in the second quarter worth about $49,000. 91.87% of the stock is currently owned by institutional investors.

American Homes 4 Rent Price Performance

AMH opened at $32.10 on Wednesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.41 and a current ratio of 0.41. The stock has a market capitalization of $11.91 billion, a PE ratio of 27.21, a price-to-earnings-growth ratio of 2.80 and a beta of 0.75. The stock’s 50 day moving average price is $32.98 and its 200-day moving average price is $35.20. American Homes 4 Rent has a 52-week low of $31.01 and a 52-week high of $39.49.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. The company had revenue of ($916.78) million during 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 firm’s revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.44 earnings per share. American Homes 4 Rent has set its FY 2025 guidance at 1.860-1.88 EPS. On average, equities research analysts predict 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 will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be given a dividend of $0.30 per share. The ex-dividend date is Monday, December 15th. This represents a $1.20 annualized dividend and a dividend yield of 3.7%. American Homes 4 Rent’s payout ratio is currently 101.69%.

Analysts Set New Price Targets

AMH has been the subject of several analyst reports. Wolfe Research upgraded American Homes 4 Rent from a “peer perform” rating to an “outperform” rating and set a $38.00 target price for the company in a report on Thursday, October 2nd. Wells Fargo & Company lowered their price objective on American Homes 4 Rent from $39.00 to $38.00 and set an “overweight” rating for the company in a research report on Monday, October 13th. Wall Street Zen cut shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. Mizuho decreased 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 research note on Tuesday, October 21st. Finally, The Goldman Sachs Group lowered shares of American Homes 4 Rent from a “buy” rating to a “neutral” rating and lowered their price target for the company from $43.00 to $37.00 in a 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 company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $38.64.

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.