American Homes 4 Rent $AMH Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC boosted its position in shares of American Homes 4 Rent (NYSE:AMH) by 2.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,355,760 shares of the real estate investment trust’s stock after acquiring an additional 161,676 shares during the period. Geode Capital Management LLC’s holdings in American Homes 4 Rent were worth $235,572,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Valued Retirements Inc. acquired a new position in American Homes 4 Rent during the 4th quarter worth approximately $212,000. Clearstead Advisors LLC grew its holdings in American Homes 4 Rent by 219.0% during the 4th quarter. Clearstead Advisors LLC now owns 1,627 shares of the real estate investment trust’s stock worth $52,000 after acquiring an additional 1,117 shares in the last quarter. Legal & General Group Plc grew its holdings in American Homes 4 Rent by 12.3% during the 4th quarter. Legal & General Group Plc now owns 2,473,478 shares of the real estate investment trust’s stock worth $79,399,000 after acquiring an additional 271,107 shares in the last quarter. Global Retirement Partners LLC grew its holdings in American Homes 4 Rent by 101.0% during the 4th quarter. Global Retirement Partners LLC now owns 1,662 shares of the real estate investment trust’s stock worth $53,000 after acquiring an additional 835 shares in the last quarter. Finally, Algebris UK Ltd. acquired a new position in American Homes 4 Rent during the 4th quarter worth approximately $34,166,000. Institutional investors and hedge funds own 91.87% of the company’s stock.

Insider Activity

In related news, Director Jack E. Corrigan bought 2,041 shares of the stock in a transaction dated Monday, May 18th. The stock was acquired at an average price of $23.53 per share, for a total transaction of $48,024.73. Following the acquisition, the director owned 17,000 shares in the company, valued at approximately $400,010. This represents a 13.64% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last ninety days, insiders have acquired 5,000 shares of company stock valued at $117,024. Corporate insiders own 5.70% of the company’s stock.

American Homes 4 Rent Trading Down 0.7%

Shares of American Homes 4 Rent stock opened at $32.05 on Wednesday. The company has a fifty day simple moving average of $30.45 and a 200-day simple moving average of $30.85. American Homes 4 Rent has a 12-month low of $27.22 and a 12-month high of $37.78. 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 stock has a market cap of $11.56 billion, a price-to-earnings ratio of 26.05, a PEG ratio of 4.25 and a beta of 0.81.

American Homes 4 Rent (NYSE:AMH) last issued its earnings results on Wednesday, May 6th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.30. American Homes 4 Rent had a net margin of 25.27% and a return on equity of 6.08%. The business had revenue of $472.02 million during the quarter, compared to analysts’ expectations of $470.62 million. During the same quarter in the prior year, the business posted $0.46 EPS. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. American Homes 4 Rent has set its FY 2026 guidance at 1.890-1.950 EPS. On average, equities analysts forecast that American Homes 4 Rent will post 1.93 EPS for the current fiscal year.

American Homes 4 Rent Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a $0.33 dividend. The ex-dividend date is Monday, June 15th. This represents a $1.32 annualized dividend and a dividend yield of 4.1%. American Homes 4 Rent’s dividend payout ratio is presently 107.32%.

Wall Street Analyst Weigh In

Several research analysts have commented on AMH shares. Wells Fargo & Company boosted their price target on shares of American Homes 4 Rent from $34.00 to $36.00 and gave the stock an “overweight” rating in a report on Monday. 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 for the company in a report on Monday, May 18th. Barclays boosted their price target on shares of American Homes 4 Rent from $31.00 to $32.00 and gave the stock an “equal weight” rating in a report on Monday, April 27th. Citigroup lowered their price target on shares of American Homes 4 Rent from $34.50 to $33.50 and set a “neutral” rating for the company in a report on Monday, March 2nd. Finally, UBS Group lowered their price target on shares of American Homes 4 Rent from $33.00 to $32.00 and set a “neutral” rating for the company in a report on Tuesday, May 19th. Nine research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $35.08.

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.