Intact Investment Management Inc. Acquires Shares of 93,710 American Homes 4 Rent $AMH

Intact Investment Management Inc. bought a new position in shares of American Homes 4 Rent (NYSE:AMH) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 93,710 shares of the real estate investment trust’s stock, valued at approximately $3,116,000.

Other large investors have also made changes to their positions in the company. Wilmington Savings Fund Society FSB lifted 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 valued at $25,000 after purchasing an additional 751 shares during the period. Hantz Financial Services Inc. grew its position in shares of American Homes 4 Rent by 922.2% during the 2nd quarter. Hantz Financial Services Inc. now owns 828 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 747 shares during the period. AlphaQuest LLC bought a new stake in shares of American Homes 4 Rent during the second quarter worth approximately $33,000. SJS Investment Consulting Inc. acquired a new position in American Homes 4 Rent in the third quarter valued at approximately $43,000. Finally, Rakuten Investment Management Inc. bought a new position in American Homes 4 Rent in the third quarter valued at approximately $47,000. Institutional investors and hedge funds own 91.87% of the company’s stock.

American Homes 4 Rent Price Performance

Shares of NYSE AMH opened at $31.88 on Tuesday. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.62. The firm has a market cap of $11.83 billion, a PE ratio of 27.02, a PEG ratio of 3.05 and a beta of 0.79. The company has a fifty day moving average price of $31.65 and a 200 day moving average price of $33.13. 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. The business had revenue of $478.46 million during the quarter, compared to the consensus estimate of $475.75 million. American Homes 4 Rent had a return on equity of 5.90% and a net margin of 24.70%.American Homes 4 Rent’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period last year, the company earned $0.44 earnings per share. 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 earnings per share for the current fiscal year.

American Homes 4 Rent Announces Dividend

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 $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Monday, December 15th. American Homes 4 Rent’s payout ratio is currently 101.69%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on AMH shares. Scotiabank cut their price target on American Homes 4 Rent from $35.00 to $33.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 14th. BMO Capital Markets reissued a “market perform” rating and issued a $37.00 target price on shares of American Homes 4 Rent in a research note on Friday, January 9th. JPMorgan Chase & Co. reduced their target price on American Homes 4 Rent from $38.00 to $37.00 and set a “neutral” rating on the stock in a report on Monday, January 12th. Wells Fargo & Company reduced their price objective on shares of American Homes 4 Rent from $38.00 to $37.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 25th. Finally, Keefe, Bruyette & Woods raised shares of American Homes 4 Rent from a “market perform” rating to an “outperform” rating and set a $37.00 target price for the company in a research note on Monday, December 15th. Eight analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $37.44.

Insider Buying and Selling at American Homes 4 Rent

In other American Homes 4 Rent news, Director Jack E. Corrigan bought 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 9th. The stock was acquired at an average price of $22.96 per share, with a total value of $114,800.00. Following the completion of the transaction, the director owned 17,300 shares in the company, valued at approximately $397,208. This trade represents a 40.65% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Douglas N. Benham purchased 1,000 shares of the stock in a transaction on Wednesday, November 19th. The stock was acquired at an average price of $31.65 per share, for a total transaction of $31,650.00. Following the completion of the purchase, the director directly owned 7,991 shares in the company, valued at approximately $252,915.15. The trade was a 14.30% increase in their position. The SEC filing for this purchase provides additional information. Corporate 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.