American Homes 4 Rent $AMH Shares Bought by Westpac Banking Corp

Westpac Banking Corp lifted its stake in shares of American Homes 4 Rent (NYSE:AMH) by 20.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 127,413 shares of the real estate investment trust’s stock after acquiring an additional 21,391 shares during the quarter. Westpac Banking Corp’s holdings in American Homes 4 Rent were worth $3,557,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Norges Bank acquired a new stake in shares of American Homes 4 Rent during the fourth quarter worth $710,672,000. Principal Financial Group Inc. boosted its position in shares of American Homes 4 Rent by 19.8% in the 1st quarter. Principal Financial Group Inc. now owns 18,937,398 shares of the real estate investment trust’s stock valued at $528,736,000 after purchasing an additional 3,126,434 shares during the period. State Street Corp boosted its position in shares of American Homes 4 Rent by 2.2% in the 3rd quarter. State Street Corp now owns 18,424,196 shares of the real estate investment trust’s stock valued at $612,605,000 after purchasing an additional 399,894 shares during the period. Geode Capital Management LLC boosted its position in shares of American Homes 4 Rent by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 7,355,760 shares of the real estate investment trust’s stock valued at $235,572,000 after purchasing an additional 161,676 shares during the period. Finally, Invesco Ltd. increased its stake in American Homes 4 Rent by 30.1% in the 4th quarter. Invesco Ltd. now owns 6,161,646 shares of the real estate investment trust’s stock worth $197,789,000 after purchasing an additional 1,425,912 shares in the last quarter. 91.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at American Homes 4 Rent

In related news, Director Jack E. Corrigan purchased 2,041 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The stock was acquired at an average cost of $23.53 per share, for a total transaction of $48,024.73. Following the completion of the acquisition, the director owned 17,000 shares in the company, valued at $400,010. This trade represents a 13.64% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have purchased 5,000 shares of company stock worth $117,024 in the last ninety days. Company insiders own 5.70% of the company’s stock.

American Homes 4 Rent Stock Down 1.1%

NYSE:AMH opened at $33.32 on Wednesday. The firm has a market capitalization of $12.02 billion, a price-to-earnings ratio of 27.09, a PEG ratio of 4.54 and a beta of 0.79. American Homes 4 Rent has a 1-year low of $27.22 and a 1-year high of $36.86. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.67. The business’s fifty day moving average price is $32.80 and its 200 day moving average price is $31.24.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $0.48 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $472.02 million during the quarter, compared to analyst estimates of $470.62 million. During the same period last year, the company posted $0.46 EPS. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. American Homes 4 Rent has set its FY 2026 guidance at 1.890-1.950 EPS. On average, sell-side analysts forecast that American Homes 4 Rent will post 1.88 earnings per share for the current fiscal year.

American Homes 4 Rent Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were given a $0.33 dividend. 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 is 107.32%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Wells Fargo & Company boosted their price objective on American Homes 4 Rent from $34.00 to $36.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Morgan Stanley dropped their target price on shares of American Homes 4 Rent from $39.00 to $38.50 and set an “overweight” rating on the stock in a research report on Wednesday, May 27th. Raymond James Financial upgraded shares of American Homes 4 Rent from a “market perform” rating to an “outperform” rating and set a $35.00 price target on the stock in a report on Monday, May 18th. Deutsche Bank Aktiengesellschaft set a $39.00 price target on shares of American Homes 4 Rent in a research report on Friday, June 26th. Finally, Wall Street Zen raised shares of American Homes 4 Rent from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.47.

American Homes 4 Rent Company 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.