Inceptionr LLC acquired a new stake in American Homes 4 Rent (NYSE:AMH – Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 28,731 shares of the real estate investment trust’s stock, valued at approximately $802,000.
Other hedge funds have also recently modified their holdings of the company. Wilmington Savings Fund Society FSB raised its stake in American Homes 4 Rent by 10,728.6% during the third quarter. Wilmington Savings Fund Society FSB now owns 758 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 751 shares during the period. IFP Advisors Inc boosted its holdings in American Homes 4 Rent by 122.2% in the 4th quarter. IFP Advisors Inc now owns 802 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 441 shares during the last quarter. Parallel Advisors LLC grew its stake in shares of American Homes 4 Rent by 84.8% in the 3rd quarter. Parallel Advisors LLC now owns 963 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 442 shares during the period. Bessemer Group Inc. grew its stake in shares of American Homes 4 Rent by 70.3% in the 1st quarter. Bessemer Group Inc. now owns 1,170 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 483 shares during the period. Finally, Prosperity Bancshares Inc purchased a new stake in shares of American Homes 4 Rent in the 4th quarter valued at approximately $35,000. Hedge funds and other institutional investors own 91.87% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on the stock. Compass Point began coverage on shares of American Homes 4 Rent in a report on Tuesday, April 28th. They set a “buy” rating and a $37.50 price target for the company. Barclays upped their price objective on American Homes 4 Rent from $32.00 to $36.00 and gave the company an “equal weight” rating in a report on Tuesday, July 14th. Raymond James Financial upgraded American Homes 4 Rent from a “market perform” rating to an “outperform” rating and set a $35.00 price objective for the company in a research report on Monday, May 18th. Wall Street Zen raised American Homes 4 Rent from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Jefferies Financial Group upgraded American Homes 4 Rent to a “strong-buy” rating in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $36.47.
Insider Buying and Selling
In other American Homes 4 Rent news, Director Jack E. Corrigan purchased 2,041 shares of the company’s stock in a transaction on Monday, May 18th. The stock was acquired at an average price of $23.53 per share, for a total transaction of $48,024.73. Following the completion of the purchase, the director directly owned 17,000 shares in the company, valued at approximately $400,010. The trade was a 13.64% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last three months, insiders have purchased 5,000 shares of company stock valued at $117,024. Company insiders own 5.70% of the company’s stock.
American Homes 4 Rent Stock Up 1.0%
Shares of AMH opened at $33.43 on Friday. The company’s 50-day simple moving average is $32.93 and its 200-day simple moving average is $31.27. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.57 and a current ratio of 0.57. American Homes 4 Rent has a 1 year low of $27.22 and a 1 year high of $36.38. The stock has a market capitalization of $12.05 billion, a PE ratio of 27.18, a P/E/G ratio of 4.47 and a beta of 0.79.
American Homes 4 Rent (NYSE:AMH – Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.30. The firm had revenue of $472.02 million during the quarter, compared to analysts’ expectations of $470.62 million. American Homes 4 Rent had a net margin of 25.27% and a return on equity of 6.08%. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.46 earnings per share. American Homes 4 Rent has set its FY 2026 guidance at 1.890-1.950 EPS. Analysts forecast that American Homes 4 Rent will post 1.88 earnings per share for the current fiscal year.
American Homes 4 Rent Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend was Monday, June 15th. American Homes 4 Rent’s dividend payout ratio (DPR) is currently 107.32%.
About American Homes 4 Rent
American Homes 4 Rent (NYSE: AMH) is a publicly traded real estate investment trust (REIT) specializing in the acquisition, development and management of single-family rental homes. Since its initial public offering in April 2013, the company has focused on building a large-scale, professionally managed portfolio of homes designed to meet the needs of today’s renters. Its business model emphasizes the acquisition of well-located properties coupled with consistent, in-house property management to drive occupancy and long-term value.
As of the most recent reporting, American Homes 4 Rent owns and operates tens of thousands of homes across the United States, with concentration in key Sun Belt and high-growth markets.
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