American Homes 4 Rent (NYSE:AMH) Short Interest Down 36.1% in March

American Homes 4 Rent (NYSE:AMH) was the target of a significant drop in short interest during the month of March. As of March 13th, there was short interest totaling 6,336,957 shares, a drop of 36.1% from the February 26th total of 9,910,207 shares. Based on an average trading volume of 3,806,234 shares, the short-interest ratio is currently 1.7 days. Approximately 1.9% of the company’s shares are sold short.

American Homes 4 Rent Stock Up 1.2%

Shares of NYSE AMH opened at $27.88 on Friday. The stock has a fifty day moving average price of $30.21 and a 200 day moving average price of $31.54. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.66. American Homes 4 Rent has a 12-month low of $27.22 and a 12-month high of $39.49. The company has a market cap of $10.14 billion, a P/E ratio of 23.63, a P/E/G ratio of 3.97 and a beta of 0.80.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings data on Thursday, February 19th. The real estate investment trust reported $0.33 EPS for the quarter, missing analysts’ consensus estimates 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 in the prior year, the firm earned $0.45 EPS. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. American Homes 4 Rent has set its FY 2026 guidance at 1.890-1.950 EPS. Research analysts anticipate that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

American Homes 4 Rent Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be issued a $0.33 dividend. The ex-dividend date is Friday, March 13th. This represents a $1.32 dividend on an annualized basis and a yield of 4.7%. This is a boost from American Homes 4 Rent’s previous quarterly dividend of $0.30. American Homes 4 Rent’s dividend payout ratio (DPR) is currently 111.86%.

Insider Buying and Selling

In related news, Director David Goldberg bought 2,000 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The stock was purchased at an average cost of $29.30 per share, for a total transaction of $58,600.00. Following the completion of the acquisition, the director owned 36,723 shares in the company, valued at $1,075,983.90. This trade represents a 5.76% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Douglas N. Benham purchased 1,200 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The shares were bought at an average cost of $24.20 per share, with a total value of $29,040.00. Following the transaction, the director directly owned 44,717 shares of the company’s stock, valued at $1,082,151.40. The trade was a 2.76% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders purchased 6,771 shares of company stock valued at $183,684. 6.32% of the stock is owned by insiders.

Institutional Trading of American Homes 4 Rent

A number of hedge funds have recently made changes to their positions in the company. Wilmington Savings Fund Society FSB boosted its stake in shares of American Homes 4 Rent by 10,728.6% in the third quarter. Wilmington Savings Fund Society FSB now owns 758 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 751 shares during the period. IFP Advisors Inc increased its stake in American Homes 4 Rent by 122.2% during the 4th quarter. IFP Advisors Inc now owns 802 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 441 shares during the period. True Wealth Design LLC lifted its holdings in American Homes 4 Rent by 230.8% in the 4th quarter. True Wealth Design LLC now owns 827 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 577 shares in the last quarter. Parallel Advisors LLC boosted 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 buying an additional 442 shares during the last quarter. Finally, Prosperity Bancshares Inc purchased a new position in American Homes 4 Rent in the 4th quarter valued at about $35,000. Hedge funds and other institutional investors own 91.87% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on AMH. Royal Bank Of Canada cut their target price on American Homes 4 Rent from $38.00 to $35.00 and set an “outperform” rating on the stock in a research report on Monday, February 23rd. JPMorgan Chase & Co. dropped their price target on American Homes 4 Rent from $38.00 to $37.00 and set a “neutral” rating for the company in a research note on Monday, January 12th. Scotiabank cut their price objective on American Homes 4 Rent from $33.00 to $31.00 and set a “sector perform” rating on the stock in a report on Wednesday, March 4th. Wells Fargo & Company reduced their price objective on American Homes 4 Rent from $37.00 to $34.00 and set an “overweight” rating on the stock in a research note on Thursday, March 5th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of American Homes 4 Rent from $37.00 to $35.00 and set an “outperform” rating for the company in a research report on Wednesday, February 25th. Seven research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, American Homes 4 Rent has an average rating of “Hold” and an average target price of $35.21.

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.