American Homes 4 Rent $AMH Stock Position Boosted by Davis Selected Advisers

Davis Selected Advisers raised its stake in shares of American Homes 4 Rent (NYSE:AMH) by 3.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 250,360 shares of the real estate investment trust’s stock after buying an additional 7,240 shares during the period. Davis Selected Advisers’ holdings in American Homes 4 Rent were worth $9,030,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the stock. Hantz Financial Services Inc. boosted its holdings in shares of American Homes 4 Rent by 922.2% in the second quarter. Hantz Financial Services Inc. now owns 828 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 747 shares in the last quarter. AlphaQuest LLC acquired a new stake in American Homes 4 Rent in the second quarter worth approximately $33,000. Pandora Wealth Inc. bought a new position in American Homes 4 Rent during the 1st quarter valued at $38,000. SVB Wealth LLC bought a new position in American Homes 4 Rent during the 1st quarter valued at $42,000. Finally, Oliver Lagore Vanvalin Investment Group acquired a new position in shares of American Homes 4 Rent during the 2nd quarter valued at $49,000. 91.87% of the stock is owned by institutional investors and hedge funds.

American Homes 4 Rent Trading Down 2.2%

NYSE:AMH opened at $31.63 on Friday. The stock has a fifty day simple moving average of $32.87 and a 200 day simple moving average of $35.15. The firm has a market capitalization of $11.74 billion, a price-to-earnings ratio of 26.80, a price-to-earnings-growth ratio of 2.87 and a beta of 0.75. American Homes 4 Rent has a 1-year low of $31.01 and a 1-year high of $39.49. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.62.

American Homes 4 Rent (NYSE:AMH) last posted 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. American Homes 4 Rent had a net margin of 24.70% and a return on equity of 5.90%. The company had revenue of $478.46 million during the quarter, compared to analyst estimates of $475.75 million. During the same period in the prior year, the firm earned $0.44 earnings per share. The business’s quarterly revenue was up 7.5% on a year-over-year basis. American Homes 4 Rent has set its FY 2025 guidance at 1.860-1.88 EPS. Sell-side analysts forecast that American Homes 4 Rent will post 1.85 earnings per share for the current year.

American Homes 4 Rent Announces Dividend

The firm 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. This represents a $1.20 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Monday, December 15th. American Homes 4 Rent’s payout ratio is presently 101.69%.

Wall Street Analysts Forecast Growth

AMH has been the subject of several research analyst reports. Wolfe Research upgraded 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 report on Thursday, October 2nd. Keefe, Bruyette & Woods dropped their price target on shares of American Homes 4 Rent from $40.00 to $37.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 5th. Morgan Stanley reduced their price objective on shares of American Homes 4 Rent from $41.00 to $40.00 and set an “overweight” rating for the company in a research report on Thursday. Evercore ISI lowered their price objective on shares of American Homes 4 Rent from $40.00 to $39.00 and set an “outperform” rating on the stock in a research note on Friday, October 31st. Finally, Wall Street Zen lowered shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Eight research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.57.

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.