American Homes 4 Rent $AMH Stake Boosted by Teacher Retirement System of Texas

Teacher Retirement System of Texas lifted its stake in shares of American Homes 4 Rent (NYSE:AMH) by 116.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 319,048 shares of the real estate investment trust’s stock after purchasing an additional 171,537 shares during the quarter. Teacher Retirement System of Texas owned about 0.09% of American Homes 4 Rent worth $10,608,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB grew its stake 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 buying an additional 751 shares during the last quarter. Hantz Financial Services Inc. boosted its holdings in shares of American Homes 4 Rent by 922.2% during the second quarter. Hantz Financial Services Inc. now owns 828 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 747 shares during the period. AlphaQuest LLC bought a new position in shares of American Homes 4 Rent during the second quarter worth about $33,000. SJS Investment Consulting Inc. acquired a new stake in shares of American Homes 4 Rent in the 3rd quarter worth about $43,000. Finally, Rakuten Investment Management Inc. bought a new stake in American Homes 4 Rent in the 3rd quarter valued at about $47,000. Institutional investors and hedge funds own 91.87% of the company’s stock.

Wall Street Analyst Weigh In

AMH has been the subject of several recent analyst reports. Citizens Jmp restated a “market outperform” rating and issued a $41.00 target price on shares of American Homes 4 Rent in a research report on Wednesday, January 21st. Wall Street Zen downgraded American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Sunday, January 18th. Weiss Ratings restated a “hold (c)” rating on shares of American Homes 4 Rent in a research report on Wednesday. Barclays cut their target price on American Homes 4 Rent from $34.00 to $33.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 13th. Finally, Wolfe Research raised American Homes 4 Rent from a “peer perform” rating to an “outperform” rating and set a $38.00 price target for the company in a research note on Thursday, October 2nd. Eight investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $37.44.

American Homes 4 Rent Stock Performance

AMH opened at $31.99 on Monday. The business has a 50 day moving average price of $31.65 and a two-hundred day moving average price of $33.15. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.41 and a quick ratio of 0.41. The company has a market capitalization of $11.87 billion, a price-to-earnings ratio of 27.11, a price-to-earnings-growth ratio of 3.05 and a beta of 0.79. American Homes 4 Rent has a 1-year low of $28.84 and a 1-year high of $39.49.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. American Homes 4 Rent had a return on equity of 5.90% and a net margin of 24.70%.The company had revenue of $478.46 million for the quarter, compared to the consensus estimate of $475.75 million. During the same quarter in the previous year, the business earned $0.44 EPS. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. American Homes 4 Rent has set its FY 2025 guidance at 1.860-1.88 EPS. Research analysts predict that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were given a dividend of $0.30 per share. The ex-dividend date was Monday, December 15th. This represents a $1.20 annualized dividend and a dividend yield of 3.8%. American Homes 4 Rent’s dividend payout ratio (DPR) is 101.69%.

Insider Activity at American Homes 4 Rent

In other American Homes 4 Rent news, Director Jack E. Corrigan purchased 5,000 shares of the firm’s stock in a transaction on Tuesday, December 9th. The shares were purchased at an average price of $22.96 per share, for a total transaction of $114,800.00. Following the completion of the transaction, the director owned 17,300 shares in the company, valued at $397,208. This represents a 40.65% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Douglas N. Benham purchased 1,000 shares of the company’s stock in a transaction on Wednesday, November 19th. The stock was bought at an average cost of $31.65 per share, for a total transaction of $31,650.00. Following the acquisition, the director directly owned 7,991 shares of the company’s stock, valued at $252,915.15. This represents a 14.30% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 6.01% 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.