Readystate Asset Management LP acquired a new position in American Homes 4 Rent (NYSE:AMH – Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 57,745 shares of the real estate investment trust’s stock, valued at approximately $1,936,000.
Several other large investors have also recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB boosted its position in American Homes 4 Rent by 10,728.6% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 758 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 751 shares during the period. IFP Advisors Inc raised its stake in shares of American Homes 4 Rent by 122.2% during the fourth quarter. IFP Advisors Inc now owns 802 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 441 shares in the last quarter. Parallel Advisors LLC lifted its holdings in American Homes 4 Rent by 84.8% in the third quarter. Parallel Advisors LLC now owns 963 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 442 shares during the period. Bessemer Group Inc. lifted its holdings in American Homes 4 Rent by 70.3% in the first quarter. Bessemer Group Inc. now owns 1,170 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 483 shares during the period. Finally, Prosperity Bancshares Inc bought a new position in American Homes 4 Rent in the 4th quarter valued at about $35,000. 91.87% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities analysts have commented on the stock. Scotiabank raised their target price on shares of American Homes 4 Rent from $32.00 to $33.00 and gave the company a “sector perform” rating in a research note on Thursday, June 18th. Barclays upped their price target on shares of American Homes 4 Rent from $32.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 14th. Citigroup reiterated a “market outperform” rating on shares of American Homes 4 Rent in a report on Wednesday, August 5th. Morgan Stanley lowered their price objective on shares of American Homes 4 Rent from $38.50 to $38.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 12th. Finally, BMO Capital Markets raised American Homes 4 Rent from a “market perform” rating to an “outperform” rating and set a $39.00 target price on the stock in a report on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, American Homes 4 Rent currently has an average rating of “Moderate Buy” and an average target price of $36.83.
American Homes 4 Rent Price Performance
Shares of American Homes 4 Rent stock opened at $32.52 on Tuesday. American Homes 4 Rent has a 52 week low of $27.22 and a 52 week high of $35.07. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.69. The stock has a market cap of $11.73 billion, a PE ratio of 25.81, a price-to-earnings-growth ratio of 5.79 and a beta of 0.79. The company’s 50-day moving average price is $33.77 and its two-hundred day moving average price is $31.79.
American Homes 4 Rent (NYSE:AMH – Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.13. The company had revenue of $470.10 million during the quarter, compared to analyst estimates of $466.51 million. American Homes 4 Rent had a net margin of 25.53% and a return on equity of 6.25%. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.47 EPS. American Homes 4 Rent has set its FY 2026 guidance at 1.930-1.970 EPS. As a group, sell-side analysts anticipate that American Homes 4 Rent will post 1.91 EPS for the current fiscal year.
American Homes 4 Rent Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Tuesday, September 15th. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 104.76%.
Insider Transactions at American Homes 4 Rent
In other American Homes 4 Rent news, Director Jack Corrigan purchased 6,000 shares of the firm’s stock in a transaction on Monday, August 24th. The shares were purchased at an average price of $22.42 per share, for a total transaction of $134,520.00. Following the completion of the transaction, the director owned 22,000 shares in the company, valued at $493,240. This represents a 37.50% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 5.70% of the company’s stock.
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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