New York State Teachers Retirement System Boosts Position in American Homes 4 Rent $AMH

New York State Teachers Retirement System boosted its position in American Homes 4 Rent (NYSE:AMH) by 30.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 132,763 shares of the real estate investment trust’s stock after purchasing an additional 30,672 shares during the period. New York State Teachers Retirement System’s holdings in American Homes 4 Rent were worth $4,414,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in AMH. Hantz Financial Services Inc. lifted its stake in shares of 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 worth $30,000 after purchasing an additional 747 shares during the period. AlphaQuest LLC purchased a new stake in American Homes 4 Rent during the second quarter valued at approximately $33,000. SJS Investment Consulting Inc. purchased a new stake in American Homes 4 Rent during the third quarter valued at approximately $43,000. Oliver Lagore Vanvalin Investment Group bought a new position in American Homes 4 Rent in the second quarter worth approximately $49,000. Finally, Headlands Technologies LLC purchased a new position in shares of American Homes 4 Rent during the 2nd quarter worth $60,000. 91.87% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on AMH. Keefe, Bruyette & Woods raised American Homes 4 Rent from a “market perform” rating to an “outperform” rating and set a $37.00 target price on the stock in a report on Monday, December 15th. Barclays reduced their price target on American Homes 4 Rent from $34.00 to $33.00 and set an “equal weight” rating for the company in a research report on Tuesday. Evercore ISI lowered their price objective on American Homes 4 Rent from $40.00 to $39.00 and set an “outperform” rating on the stock in a research report on Friday, October 31st. Weiss Ratings reissued a “hold (c)” rating on shares of American Homes 4 Rent in a report on Wednesday, October 8th. Finally, Scotiabank lowered their price target on shares of American Homes 4 Rent from $35.00 to $33.00 and set a “sector perform” rating on the stock in a report on Wednesday. Seven investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, American Homes 4 Rent presently has an average rating of “Hold” and a consensus target price of $37.19.

Insider Buying and Selling at American Homes 4 Rent

In related news, Director Jack E. Corrigan purchased 5,000 shares of American Homes 4 Rent stock in a transaction on Tuesday, December 9th. The shares were bought at an average cost of $22.96 per share, for a total transaction of $114,800.00. Following the acquisition, the director owned 17,300 shares in the company, valued at approximately $397,208. The trade was a 40.65% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Douglas N. Benham acquired 1,000 shares of the company’s stock in a transaction on Wednesday, November 19th. The shares were bought at an average cost of $31.65 per share, with a total value of $31,650.00. Following the acquisition, the director directly owned 7,991 shares in the company, valued at approximately $252,915.15. The trade was a 14.30% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 6.32% of the company’s stock.

American Homes 4 Rent Stock Performance

NYSE:AMH opened at $32.37 on Friday. The stock has a 50-day moving average price of $31.65 and a 200 day moving average price of $33.32. The stock has a market capitalization of $12.01 billion, a P/E ratio of 27.43, a P/E/G ratio of 3.02 and a beta of 0.79. American Homes 4 Rent has a 12-month low of $28.84 and a 12-month high of $39.49. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.62.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $0.47 earnings per share for the quarter, topping 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 business had revenue of $478.46 million during the quarter, compared to the consensus estimate of $475.75 million. During the same period in the prior year, the company posted $0.44 EPS. The firm’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. Equities research analysts forecast that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

American Homes 4 Rent Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend was Monday, December 15th. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 101.69%.

American Homes 4 Rent Profile

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.