Lazard Asset Management LLC Acquires 30,315 Shares of American Homes 4 Rent $AMH

Lazard Asset Management LLC boosted its holdings in shares of American Homes 4 Rent (NYSE:AMH) by 113.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 57,092 shares of the real estate investment trust’s stock after buying an additional 30,315 shares during the quarter. Lazard Asset Management LLC’s holdings in American Homes 4 Rent were worth $1,594,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Jones Financial Companies Lllp raised its stake in shares of American Homes 4 Rent by 1,103.6% in the 1st quarter. Jones Financial Companies Lllp now owns 13,047 shares of the real estate investment trust’s stock valued at $493,000 after acquiring an additional 11,963 shares in the last quarter. Cetera Investment Advisers grew its holdings in American Homes 4 Rent by 3.3% during the second quarter. Cetera Investment Advisers now owns 16,819 shares of the real estate investment trust’s stock valued at $607,000 after purchasing an additional 537 shares during the last quarter. Walleye Capital LLC acquired a new position in American Homes 4 Rent during the second quarter valued at approximately $255,000. Jump Financial LLC bought a new position in shares of American Homes 4 Rent in the second quarter valued at approximately $413,000. Finally, Cerity Partners LLC lifted its stake in shares of American Homes 4 Rent by 5.6% in the second quarter. Cerity Partners LLC now owns 45,558 shares of the real estate investment trust’s stock worth $1,643,000 after buying an additional 2,401 shares during the last quarter. 91.87% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on AMH. Raymond James Financial upgraded shares of American Homes 4 Rent from a “market perform” rating to an “outperform” rating and set a $35.00 target price on the stock in a research note on Monday, May 18th. Jefferies Financial Group raised shares of American Homes 4 Rent to a “strong-buy” rating in a research report on Wednesday, July 22nd. Scotiabank upped their price target on shares of American Homes 4 Rent from $32.00 to $33.00 and gave the company a “sector perform” rating in a report on Thursday, June 18th. Mizuho lifted their price objective on American Homes 4 Rent from $29.00 to $35.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 17th. Finally, Barclays lifted their price objective on American Homes 4 Rent from $32.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $36.58.

American Homes 4 Rent Price Performance

NYSE:AMH opened at $34.52 on Tuesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.59 and a quick ratio of 0.57. American Homes 4 Rent has a one year low of $27.22 and a one year high of $35.85. The company has a fifty day moving average price of $33.13 and a 200 day moving average price of $31.36. The stock has a market cap of $12.45 billion, a P/E ratio of 27.40, a PEG ratio of 4.51 and a beta of 0.79.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.13. The company had revenue of $470.10 million for the quarter, compared to the consensus estimate of $466.51 million. American Homes 4 Rent had a net margin of 25.53% and a return on equity of 6.25%. The business’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.47 EPS. American Homes 4 Rent has set its FY 2026 guidance at 1.930-1.970 EPS. Analysts anticipate that American Homes 4 Rent will post 1.88 earnings per share for the current 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 paid a $0.33 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.8%. American Homes 4 Rent’s dividend payout ratio is 104.76%.

Insider Buying and Selling

In related news, Director Jack E. Corrigan bought 2,041 shares of the business’s stock in a transaction on Monday, May 18th. The shares were bought 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 directly owned 17,000 shares in the company, valued at approximately $400,010. This represents a 13.64% increase in their ownership of the stock. The acquisition 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 valued at $117,024 over the last ninety days. Insiders own 5.70% 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.