Naviter Wealth LLC Acquires Shares of 18,420 American Homes 4 Rent $AMH

Naviter Wealth LLC acquired a new stake in shares of American Homes 4 Rent (NYSE:AMH) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 18,420 shares of the real estate investment trust’s stock, valued at approximately $664,000.

A number of other hedge funds have also recently bought and sold shares of AMH. Nuveen LLC acquired a new stake in American Homes 4 Rent during the 1st quarter valued at approximately $113,669,000. Deutsche Bank AG grew its position in shares of American Homes 4 Rent by 336.7% in the 1st quarter. Deutsche Bank AG now owns 3,079,945 shares of the real estate investment trust’s stock worth $116,453,000 after acquiring an additional 2,374,678 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of 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 worth $601,169,000 after acquiring an additional 2,094,497 shares in the last quarter. Centersquare Investment Management LLC grew its position in shares of American Homes 4 Rent by 283.7% in the 1st quarter. Centersquare Investment Management LLC now owns 1,825,434 shares of the real estate investment trust’s stock worth $69,020,000 after acquiring an additional 1,349,634 shares in the last quarter. Finally, Alyeska Investment Group L.P. grew its position in shares of American Homes 4 Rent by 50.6% in the 1st quarter. Alyeska Investment Group L.P. now owns 2,995,393 shares of the real estate investment trust’s stock worth $113,256,000 after acquiring an additional 1,006,133 shares in the last quarter. Institutional investors and hedge funds own 91.87% of the company’s stock.

American Homes 4 Rent Stock Up 0.4%

Shares of American Homes 4 Rent stock opened at $33.06 on Wednesday. The business’s fifty day moving average price is $34.00 and its two-hundred day moving average price is $35.70. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.88 and a quick ratio of 0.88. The company has a market capitalization of $12.26 billion, a P/E ratio of 29.78, a PEG ratio of 3.01 and a beta of 0.75. American Homes 4 Rent has a 1-year low of $31.68 and a 1-year high of $39.49.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.47 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $457.50 million for the quarter, compared to the consensus estimate of $451.50 million. During the same quarter in the previous year, the business earned $0.45 EPS. The company’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, research analysts forecast 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 was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were given a $0.30 dividend. The ex-dividend date was Monday, September 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.6%. American Homes 4 Rent’s dividend payout ratio (DPR) is 108.11%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on AMH shares. Morgan Stanley lifted their target price on American Homes 4 Rent from $40.50 to $41.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 19th. Weiss Ratings reiterated a “hold (c)” rating on shares of American Homes 4 Rent in a research report on Wednesday, October 8th. The Goldman Sachs Group lowered American Homes 4 Rent from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $43.00 to $37.00 in a research report on Wednesday, September 17th. 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 research report on Thursday, October 2nd. Finally, Evercore ISI decreased their target price on American Homes 4 Rent from $41.00 to $40.00 and set an “outperform” rating for the company in a research report on Monday, September 15th. Eight equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.57.

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.