Engineers Gate Manager LP Has $37.50 Million Stock Position in American Homes 4 Rent $AMH

Engineers Gate Manager LP raised its stake in shares of American Homes 4 Rent (NYSE:AMH) by 610.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,168,178 shares of the real estate investment trust’s stock after purchasing an additional 1,003,703 shares during the quarter. Engineers Gate Manager LP’s holdings in American Homes 4 Rent were worth $37,499,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in American Homes 4 Rent by 0.6% in the third quarter. Vanguard Group Inc. now owns 44,715,728 shares of the real estate investment trust’s stock valued at $1,486,798,000 after buying an additional 246,713 shares in the last quarter. Norges Bank acquired a new position in American Homes 4 Rent in the fourth quarter valued at about $710,672,000. State Street Corp boosted its position in American Homes 4 Rent by 2.2% in the third quarter. State Street Corp now owns 18,424,196 shares of the real estate investment trust’s stock valued at $612,605,000 after buying an additional 399,894 shares in the last quarter. Principal Financial Group Inc. boosted its position in American Homes 4 Rent by 8.7% in the fourth quarter. Principal Financial Group Inc. now owns 15,810,964 shares of the real estate investment trust’s stock valued at $507,532,000 after buying an additional 1,260,717 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in American Homes 4 Rent by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 7,355,760 shares of the real estate investment trust’s stock valued at $235,572,000 after buying an additional 161,676 shares in the last quarter. 91.87% of the stock is owned by institutional investors.

Insider Activity at American Homes 4 Rent

In other American Homes 4 Rent news, Director Jack E. Corrigan purchased 2,041 shares of the stock in a transaction dated Monday, May 18th. The stock was bought at an average price of $23.53 per share, for a total transaction of $48,024.73. Following the transaction, the director directly owned 17,000 shares in the company, valued at $400,010. This represents a 13.64% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. In the last ninety days, insiders have purchased 5,000 shares of company stock worth $117,024. 5.70% of the stock is owned by insiders.

American Homes 4 Rent Trading Down 1.7%

AMH opened at $31.88 on Thursday. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $11.49 billion, a PE ratio of 25.91, a PEG ratio of 4.37 and a beta of 0.81. American Homes 4 Rent has a 1-year low of $27.22 and a 1-year high of $37.06. The firm has a 50-day moving average price of $31.58 and a two-hundred day moving average price of $30.92.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.30. The firm had revenue of $472.02 million for the quarter, compared to analyst estimates of $470.62 million. American Homes 4 Rent had a return on equity of 6.08% and a net margin of 25.27%.The business’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period last year, the company earned $0.46 EPS. American Homes 4 Rent has set its FY 2026 guidance at 1.890-1.950 EPS. As a group, equities analysts anticipate that American Homes 4 Rent will post 1.88 earnings per share for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a dividend of $0.33 per share. The ex-dividend date is Monday, June 15th. This represents a $1.32 annualized dividend and a dividend yield of 4.1%. American Homes 4 Rent’s payout ratio is currently 107.32%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Weiss Ratings upgraded shares of American Homes 4 Rent from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 20th. Keefe, Bruyette & Woods boosted their price target on shares of American Homes 4 Rent from $35.00 to $36.00 and gave the company an “outperform” rating in a research report on Tuesday, May 12th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of American Homes 4 Rent from $34.00 to $30.00 and set a “hold” rating on the stock in a research report on Friday, March 20th. UBS Group reduced their price target on shares of American Homes 4 Rent from $33.00 to $32.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 19th. Finally, BMO Capital Markets raised their target price on American Homes 4 Rent from $36.00 to $39.00 and gave the company a “market perform” rating in a research note on Monday. Nine analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $35.53.

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.