Arrowstreet Capital Limited Partnership Has $29.23 Million Stock Position in American Homes 4 Rent $AMH

Arrowstreet Capital Limited Partnership boosted its stake in shares of American Homes 4 Rent (NYSE:AMH) by 8.5% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 810,316 shares of the real estate investment trust’s stock after purchasing an additional 63,823 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in American Homes 4 Rent were worth $29,228,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of AMH. Norges Bank acquired a new position in American Homes 4 Rent in the 2nd quarter valued at $796,706,000. JPMorgan Chase & Co. raised its stake in shares of American Homes 4 Rent by 15.2% in the first quarter. JPMorgan Chase & Co. now owns 15,899,721 shares of the real estate investment trust’s stock valued at $601,169,000 after purchasing an additional 2,094,497 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of American Homes 4 Rent by 0.4% in the 2nd quarter. Geode Capital Management LLC now owns 6,964,813 shares of the real estate investment trust’s stock valued at $250,566,000 after buying an additional 31,179 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of American Homes 4 Rent by 1.3% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 4,421,478 shares of the real estate investment trust’s stock valued at $159,483,000 after acquiring an additional 54,618 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of American Homes 4 Rent by 2.0% during the 1st quarter. Northern Trust Corp now owns 4,268,625 shares of the real estate investment trust’s stock valued at $161,397,000 after acquiring an additional 85,084 shares in the last quarter. 91.87% of the stock is currently owned by institutional investors.

American Homes 4 Rent Stock Down 0.3%

NYSE:AMH opened at $30.83 on Friday. The company has a market cap of $11.44 billion, a price-to-earnings ratio of 26.12, a P/E/G ratio of 2.74 and a beta of 0.80. 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’s fifty day moving average price is $32.29 and its two-hundred day moving average price is $34.42. American Homes 4 Rent has a 52-week low of $30.63 and a 52-week high of $39.49.

American Homes 4 Rent (NYSE:AMH) last released its earnings results on Wednesday, October 29th. The real estate investment trust reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. The company had revenue of $478.46 million during the quarter, compared to the consensus estimate 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 quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.44 earnings per share. American Homes 4 Rent has set its FY 2025 guidance at 1.860-1.88 EPS. On average, analysts anticipate that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders 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 3.9%. American Homes 4 Rent’s payout ratio is currently 101.69%.

Insider Buying and Selling at American Homes 4 Rent

In other American Homes 4 Rent news, Director Douglas N. Benham acquired 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 19th. The shares were acquired at an average cost of $31.65 per share, for a total transaction of $31,650.00. Following the completion of the acquisition, the director directly owned 7,991 shares of the company’s stock, valued at approximately $252,915.15. This represents a 14.30% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 6.32% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

AMH has been the subject of a number of analyst reports. Wall Street Zen cut shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Scotiabank cut their target price on American Homes 4 Rent from $41.00 to $35.00 and set a “sector perform” rating for the company in a research report on Monday, November 10th. Wells Fargo & Company decreased their price target on American Homes 4 Rent from $38.00 to $37.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 25th. Barclays dropped their price objective on American Homes 4 Rent from $39.00 to $34.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 25th. Finally, Evercore ISI reduced their target price 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. Eight equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $38.14.

About American Homes 4 Rent

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.