Westpac Banking Corp increased its stake in American Homes 4 Rent (NYSE:AMH – Free Report) by 20.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 127,413 shares of the real estate investment trust’s stock after purchasing an additional 21,391 shares during the period. Westpac Banking Corp’s holdings in American Homes 4 Rent were worth $3,557,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Commonwealth Equity Services LLC lifted its stake in American Homes 4 Rent by 3.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 10,797 shares of the real estate investment trust’s stock valued at $347,000 after buying an additional 321 shares during the last quarter. Vanderbilt University grew its position in shares of American Homes 4 Rent by 1.5% during the first quarter. Vanderbilt University now owns 23,385 shares of the real estate investment trust’s stock worth $653,000 after acquiring an additional 346 shares during the last quarter. Assetmark Inc. increased its holdings in shares of American Homes 4 Rent by 7.2% in the 1st quarter. Assetmark Inc. now owns 6,427 shares of the real estate investment trust’s stock worth $179,000 after acquiring an additional 431 shares during the period. IFP Advisors Inc increased its holdings in shares of American Homes 4 Rent by 122.2% in the 4th quarter. IFP Advisors Inc now owns 802 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 441 shares during the period. Finally, Parallel Advisors LLC lifted its position in American Homes 4 Rent by 84.8% in the 3rd quarter. Parallel Advisors LLC now owns 963 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 442 shares during the last quarter. Institutional investors and hedge funds own 91.87% of the company’s stock.
Insiders Place Their Bets
In other American Homes 4 Rent news, Director Jack E. Corrigan acquired 2,041 shares of American Homes 4 Rent 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 owned 17,000 shares in the company, valued at approximately $400,010. This trade represents a 13.64% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last three months, insiders have bought 5,000 shares of company stock valued at $117,024. 5.70% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
Check Out Our Latest Stock Analysis on AMH
American Homes 4 Rent Stock Down 1.1%
Shares of AMH stock opened at $33.32 on Wednesday. American Homes 4 Rent has a 1 year low of $27.22 and a 1 year high of $36.86. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.57 and a current ratio of 0.57. The business’s fifty day moving average is $32.80 and its 200-day moving average is $31.24. The stock has a market cap of $12.02 billion, a PE ratio of 27.09, a price-to-earnings-growth ratio of 4.54 and a beta of 0.79.
American Homes 4 Rent (NYSE:AMH – Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.30. American Homes 4 Rent had a return on equity of 6.08% and a net margin of 25.27%.The business had revenue of $472.02 million during the quarter, compared to analyst estimates of $470.62 million. During the same quarter in the prior year, the firm posted $0.46 earnings per share. The company’s revenue 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. Equities analysts expect that American Homes 4 Rent will post 1.88 earnings per share for the current fiscal year.
American Homes 4 Rent Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend was Monday, June 15th. American Homes 4 Rent’s dividend payout ratio is presently 107.32%.
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.
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