Readystate Asset Management LP Purchases New Shares in American Homes 4 Rent $AMH

Readystate Asset Management LP purchased a new position in American Homes 4 Rent (NYSE:AMH) during the second quarter, Holdings Channel.com reports. The firm purchased 57,745 shares of the real estate investment trust’s stock, valued at approximately $1,936,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Norges Bank purchased a new stake in American Homes 4 Rent during the fourth quarter valued at about $710,672,000. Principal Financial Group Inc. increased its position in shares of American Homes 4 Rent by 19.8% in the first quarter. Principal Financial Group Inc. now owns 18,937,398 shares of the real estate investment trust’s stock worth $528,736,000 after acquiring an additional 3,126,434 shares in the last quarter. State Street Corp raised its holdings in shares of American Homes 4 Rent by 2.2% during the third quarter. State Street Corp now owns 18,424,196 shares of the real estate investment trust’s stock valued at $612,605,000 after acquiring an additional 399,894 shares during the period. Geode Capital Management LLC raised its holdings in shares of American Homes 4 Rent by 2.2% during the fourth 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 acquiring an additional 161,676 shares during the period. Finally, Invesco Ltd. lifted its position in shares of 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 valued at $197,789,000 after acquiring an additional 1,425,912 shares in the last quarter. Institutional investors and hedge funds own 91.87% of the company’s stock.

American Homes 4 Rent Stock Up 0.2%

AMH stock opened at $32.52 on Tuesday. American Homes 4 Rent has a 12-month low of $27.22 and a 12-month high of $35.07. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.69. The company has a market cap of $11.73 billion, a price-to-earnings ratio of 25.81, a PEG ratio of 5.79 and a beta of 0.79. The company has a 50 day moving average of $33.77 and a two-hundred day moving average of $31.79.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.31 EPS for the quarter, beating the consensus estimate of $0.18 by $0.13. American Homes 4 Rent had a net margin of 25.53% and a return on equity of 6.25%. The business had revenue of $470.10 million for the quarter, compared to analysts’ expectations of $466.51 million. During the same period in the previous year, the company posted $0.47 EPS. American Homes 4 Rent’s revenue was up 2.8% on a year-over-year basis. American Homes 4 Rent has set its FY 2026 guidance at 1.930-1.970 EPS. On average, equities analysts anticipate that American Homes 4 Rent will post 1.91 earnings per share for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.1%. American Homes 4 Rent’s dividend payout ratio (DPR) is 104.76%.

Analyst Ratings Changes

A number of equities analysts recently commented on AMH shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Homes 4 Rent in a research note on Monday, August 17th. Barclays increased their target price on American Homes 4 Rent from $32.00 to $36.00 and gave the company an “equal weight” rating in a report on Tuesday, July 14th. UBS Group raised their target price on American Homes 4 Rent from $32.00 to $35.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 8th. Morgan Stanley lowered their price target on American Homes 4 Rent from $38.50 to $38.00 and set an “overweight” rating on the stock in a report on Wednesday, August 12th. Finally, JPMorgan Chase & Co. upped their price target on American Homes 4 Rent from $35.00 to $38.00 and gave the company a “neutral” rating in a research report on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $36.83.

Insider Buying and Selling at American Homes 4 Rent

In other news, Director Jack Corrigan purchased 6,000 shares of American Homes 4 Rent stock in a transaction dated Monday, August 24th. The stock was acquired at an average cost of $22.42 per share, for a total transaction of $134,520.00. Following the acquisition, the director directly owned 22,000 shares in the company, valued at $493,240. This represents a 37.50% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 5.70% of the stock is owned by company insiders.

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.