Cbre Investment Management Listed Real Assets LLC Sells 50,616 Shares of American Homes 4 Rent $AMH

Cbre Investment Management Listed Real Assets LLC decreased its position in American Homes 4 Rent (NYSE:AMH) by 4.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,169,493 shares of the real estate investment trust’s stock after selling 50,616 shares during the quarter. Cbre Investment Management Listed Real Assets LLC owned 0.32% of American Homes 4 Rent worth $42,184,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of AMH. Hantz Financial Services Inc. raised its position in 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 valued at $30,000 after buying an additional 747 shares during the last quarter. AlphaQuest LLC bought a new position in shares of American Homes 4 Rent during the 2nd quarter worth approximately $33,000. Pandora Wealth Inc. acquired a new stake in shares of American Homes 4 Rent in the first quarter valued at approximately $38,000. SVB Wealth LLC bought a new stake in shares of American Homes 4 Rent in the first quarter worth $42,000. Finally, Oliver Lagore Vanvalin Investment Group bought a new stake in shares of American Homes 4 Rent in the second quarter worth $49,000. 91.87% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on AMH. Wolfe Research upgraded shares of American Homes 4 Rent from a “peer perform” rating to an “outperform” rating and set a $38.00 price target on the stock in a research note on Thursday, October 2nd. Wall Street Zen downgraded American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Keefe, Bruyette & Woods dropped their target price on American Homes 4 Rent from $40.00 to $37.00 and set a “market perform” rating on the stock in a report on Wednesday. Morgan Stanley raised their price target on American Homes 4 Rent from $40.50 to $41.00 and gave the company an “overweight” rating in a research note on Tuesday, August 19th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Homes 4 Rent in a research report on Wednesday, October 8th. Eight investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $39.07.

American Homes 4 Rent Trading Down 1.5%

American Homes 4 Rent stock opened at $31.59 on Friday. American Homes 4 Rent has a 52 week low of $31.01 and a 52 week high of $39.49. 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 $11.72 billion, a P/E ratio of 26.77, a PEG ratio of 2.85 and a beta of 0.75. The stock has a 50-day simple moving average of $33.19 and a 200 day simple moving average of $35.32.

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

American Homes 4 Rent Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis 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 101.69%.

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.