CI Investments Inc. Buys 496,037 Shares of American Homes 4 Rent $AMH

CI Investments Inc. increased its stake in shares of American Homes 4 Rent (NYSE:AMHFree Report) by 20.1% during the first quarter, HoldingsChannel.com reports. The fund owned 2,959,426 shares of the real estate investment trust’s stock after purchasing an additional 496,037 shares during the period. CI Investments Inc.’s holdings in American Homes 4 Rent were worth $82,627,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in AMH. Jones Financial Companies Lllp grew its holdings in American Homes 4 Rent by 1,103.6% during the first quarter. Jones Financial Companies Lllp now owns 13,047 shares of the real estate investment trust’s stock valued at $493,000 after purchasing an additional 11,963 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of American Homes 4 Rent by 3.3% in the second quarter. Cetera Investment Advisers now owns 16,819 shares of the real estate investment trust’s stock worth $607,000 after buying an additional 537 shares during the last quarter. Walleye Capital LLC bought a new stake in shares of American Homes 4 Rent during the 2nd quarter worth $255,000. Jump Financial LLC bought a new stake in shares of American Homes 4 Rent during the 2nd quarter worth $413,000. Finally, Cerity Partners LLC grew its stake in American Homes 4 Rent by 5.6% in the 2nd quarter. Cerity Partners LLC now owns 45,558 shares of the real estate investment trust’s stock valued at $1,643,000 after buying an additional 2,401 shares during the last quarter. 91.87% of the stock is owned by institutional investors.

Analysts Set New Price Targets

AMH has been the topic of several recent analyst reports. Scotiabank lifted their target price on shares of American Homes 4 Rent from $32.00 to $33.00 and gave the stock a “sector perform” rating in a report on Thursday, June 18th. Compass Point initiated 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. BMO Capital Markets raised American Homes 4 Rent from a “market perform” rating to an “outperform” rating and set a $39.00 price target on the stock in a research report on Friday, June 26th. UBS Group lifted their price objective on American Homes 4 Rent from $32.00 to $35.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 8th. Finally, Weiss Ratings raised American Homes 4 Rent from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 20th. 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’s stock. Based on data from MarketBeat.com, American Homes 4 Rent presently has an average rating of “Moderate Buy” and an average target price of $36.47.

Check Out Our Latest Analysis on American Homes 4 Rent

American Homes 4 Rent Price Performance

NYSE:AMH opened at $33.32 on Wednesday. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.57 and a quick ratio of 0.57. The stock has a market cap of $12.02 billion, a P/E ratio of 27.09, a PEG ratio of 4.54 and a beta of 0.79. The company has a fifty day moving average price of $32.80 and a 200 day moving average price of $31.24. American Homes 4 Rent has a one year low of $27.22 and a one year high of $36.86.

American Homes 4 Rent (NYSE:AMHGet Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $0.48 EPS for the quarter, beating the consensus estimate 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 return on equity of 6.08% and a net margin of 25.27%.The company’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.46 EPS. American Homes 4 Rent has set its FY 2026 guidance at 1.890-1.950 EPS. Analysts anticipate that American Homes 4 Rent will post 1.88 earnings per share for the current year.

American Homes 4 Rent Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend was Monday, June 15th. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 107.32%.

Insider Buying and Selling at American Homes 4 Rent

In other American Homes 4 Rent news, Director Jack E. Corrigan bought 2,041 shares of the firm’s stock in a transaction dated Monday, May 18th. The shares were acquired at an average cost of $23.53 per share, for a total transaction of $48,024.73. Following the transaction, the director owned 17,000 shares in the company, valued at approximately $400,010. The trade was a 13.64% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last quarter, insiders have bought 5,000 shares of company stock worth $117,024. 5.70% of the stock is currently owned by insiders.

American Homes 4 Rent Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding AMH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Homes 4 Rent (NYSE:AMHFree Report).

Institutional Ownership by Quarter for American Homes 4 Rent (NYSE:AMH)

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