Thrivent Financial for Lutherans raised its stake in shares of American Homes 4 Rent (NYSE:AMH – Free Report) by 17.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 147,010 shares of the real estate investment trust’s stock after buying an additional 21,598 shares during the period. Thrivent Financial for Lutherans’ holdings in American Homes 4 Rent were worth $4,719,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in the business. Allworth Financial LP grew its stake in shares of American Homes 4 Rent by 4,580.3% in the 4th quarter. Allworth Financial LP now owns 21,623 shares of the real estate investment trust’s stock worth $694,000 after purchasing an additional 21,161 shares during the last quarter. Argos Wealth Advisors LLC acquired a new position in shares of American Homes 4 Rent in the 4th quarter worth approximately $208,000. Ethic Inc. grew its stake in shares of American Homes 4 Rent by 33.0% in the 4th quarter. Ethic Inc. now owns 22,058 shares of the real estate investment trust’s stock worth $708,000 after purchasing an additional 5,468 shares during the last quarter. Fulcrum Asset Management LLP grew its stake in shares of American Homes 4 Rent by 2,710.6% in the 4th quarter. Fulcrum Asset Management LLP now owns 64,137 shares of the real estate investment trust’s stock worth $2,059,000 after purchasing an additional 61,855 shares during the last quarter. Finally, MGO One Seven LLC acquired a new position in shares of American Homes 4 Rent in the 4th quarter worth approximately $235,000. Institutional investors and hedge funds own 91.87% of the company’s stock.
Insider Buying and Selling
In related news, Director Jack E. Corrigan bought 2,041 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The shares were acquired at an average price of $23.53 per share, with a total value of $48,024.73. Following the completion of the transaction, the director owned 17,000 shares of the company’s stock, valued at $400,010. The trade was a 13.64% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Douglas N. Benham bought 1,571 shares of the company’s stock in a transaction that occurred on Wednesday, February 25th. The shares were bought at an average cost of $24.00 per share, for a total transaction of $37,704.00. Following the transaction, the director directly owned 43,517 shares of the company’s stock, valued at $1,044,408. This trade represents a 3.75% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have purchased 11,771 shares of company stock valued at $300,708. 5.70% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
American Homes 4 Rent Price Performance
Shares of American Homes 4 Rent stock opened at $32.10 on Friday. The firm has a fifty day simple moving average of $29.93 and a 200-day simple moving average of $30.84. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.67. American Homes 4 Rent has a 1-year low of $27.22 and a 1-year high of $38.11. The stock has a market capitalization of $11.58 billion, a price-to-earnings ratio of 26.10, a PEG ratio of 4.24 and a beta of 0.82.
American Homes 4 Rent (NYSE:AMH – Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.30. American Homes 4 Rent had a net margin of 25.27% and a return on equity of 6.08%. The business had revenue of $472.02 million during the quarter, compared to analysts’ expectations of $470.62 million. During the same period in the previous year, the company earned $0.46 earnings per share. American Homes 4 Rent’s revenue for the quarter was up 2.8% on a year-over-year basis. American Homes 4 Rent has set its FY 2026 guidance at 1.890-1.950 EPS. On average, sell-side analysts expect that American Homes 4 Rent will post 1.93 earnings per share for the current year.
American Homes 4 Rent Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.32 dividend on an annualized basis and a yield of 4.1%. American Homes 4 Rent’s payout ratio is 107.32%.
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.
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