M&T Bank Corp Increases Position in American Homes 4 Rent $AMH

M&T Bank Corp increased its stake in shares of American Homes 4 Rent (NYSE:AMH) by 21,864.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,774,489 shares of the real estate investment trust’s stock after buying an additional 1,766,410 shares during the quarter. M&T Bank Corp’s holdings in American Homes 4 Rent were worth $56,961,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Evergreen Capital Management LLC boosted its holdings in American Homes 4 Rent by 5.6% in the fourth quarter. Evergreen Capital Management LLC now owns 8,767 shares of the real estate investment trust’s stock valued at $281,000 after purchasing an additional 468 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in American Homes 4 Rent by 39.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 459,654 shares of the real estate investment trust’s stock valued at $14,755,000 after purchasing an additional 129,203 shares during the last quarter. Krilogy Financial LLC boosted its holdings in American Homes 4 Rent by 67.9% in the fourth quarter. Krilogy Financial LLC now owns 15,989 shares of the real estate investment trust’s stock valued at $510,000 after purchasing an additional 6,467 shares during the last quarter. Merit Financial Group LLC boosted its holdings in American Homes 4 Rent by 269.7% in the fourth quarter. Merit Financial Group LLC now owns 24,040 shares of the real estate investment trust’s stock valued at $772,000 after purchasing an additional 17,537 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in American Homes 4 Rent by 7,035.2% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 114,021 shares of the real estate investment trust’s stock valued at $3,694,000 after purchasing an additional 112,423 shares during the last quarter. 91.87% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director David Goldberg purchased 2,000 shares of American Homes 4 Rent stock in a transaction that occurred on Tuesday, March 3rd. The stock was purchased at an average price of $29.30 per share, for a total transaction of $58,600.00. Following the transaction, the director directly owned 36,723 shares in the company, valued at approximately $1,075,983.90. This trade represents a 5.76% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Douglas N. Benham purchased 1,571 shares of American Homes 4 Rent stock in a transaction that occurred on Wednesday, February 25th. The shares were bought at an average price of $24.00 per share, with a total value of $37,704.00. Following the transaction, the director owned 43,517 shares in the company, valued at approximately $1,044,408. The trade was a 3.75% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have purchased 6,771 shares of company stock valued at $183,684. Insiders own 5.70% of the company’s stock.

Wall Street Analysts Forecast Growth

AMH has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft lowered 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 report on Friday, March 20th. Citigroup lowered their price target on shares of American Homes 4 Rent from $34.50 to $33.50 and set a “neutral” rating on the stock in a report on Monday, March 2nd. Barclays lowered their price target on shares of American Homes 4 Rent from $33.00 to $31.00 and set an “equal weight” rating on the stock in a report on Friday, March 6th. Wells Fargo & Company lowered their price target on shares of American Homes 4 Rent from $37.00 to $34.00 and set an “overweight” rating on the stock in a report on Thursday, March 5th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Homes 4 Rent in a report on Wednesday, January 21st. Seven research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, American Homes 4 Rent currently has a consensus rating of “Hold” and an average target price of $35.21.

American Homes 4 Rent Stock Down 1.1%

AMH opened at $30.16 on Thursday. American Homes 4 Rent has a twelve month low of $27.22 and a twelve month high of $39.49. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.66. The company has a 50-day moving average price of $29.45 and a 200 day moving average price of $31.00. The company has a market cap of $10.97 billion, a PE ratio of 25.56, a price-to-earnings-growth ratio of 4.40 and a beta of 0.79.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings results on Thursday, February 19th. The real estate investment trust reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.14). American Homes 4 Rent had a return on equity of 5.93% and a net margin of 24.48%.The company had revenue of $402.93 million for the quarter, compared to analyst estimates of $459.24 million. During the same quarter last year, the company earned $0.45 EPS. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. American Homes 4 Rent has set its FY 2026 guidance at 1.890-1.950 EPS. Sell-side analysts expect that American Homes 4 Rent will post 1.92 earnings per share for the current fiscal year.

American Homes 4 Rent Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 13th were given a dividend of $0.33 per share. This is a boost from American Homes 4 Rent’s previous quarterly dividend of $0.30. The ex-dividend date was Friday, March 13th. This represents a $1.32 annualized dividend and a dividend yield of 4.4%. American Homes 4 Rent’s payout ratio is currently 111.86%.

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.