498,120 Shares in American Homes 4 Rent $AMH Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio purchased a new stake in American Homes 4 Rent (NYSE:AMH) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 498,120 shares of the real estate investment trust’s stock, valued at approximately $16,697,000.

Several other institutional investors have also recently added to or reduced their stakes in AMH. Wilmington Savings Fund Society FSB boosted its position in American Homes 4 Rent by 10,728.6% during the third quarter. Wilmington Savings Fund Society FSB now owns 758 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 751 shares during the last quarter. IFP Advisors Inc grew its holdings in American Homes 4 Rent by 122.2% in the fourth quarter. IFP Advisors Inc now owns 802 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 441 shares during the period. Parallel Advisors LLC grew its holdings in American Homes 4 Rent by 84.8% in the third quarter. Parallel Advisors LLC now owns 963 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 442 shares during the period. Bessemer Group Inc. increased its position in American Homes 4 Rent by 70.3% during the first quarter. Bessemer Group Inc. now owns 1,170 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 483 shares during the last quarter. Finally, Prosperity Bancshares Inc acquired a new position in American Homes 4 Rent during the fourth quarter worth approximately $35,000. Institutional investors and hedge funds own 91.87% of the company’s stock.

American Homes 4 Rent Trading Up 0.3%

AMH opened at $33.54 on Friday. The firm’s 50 day moving average is $33.78 and its 200-day moving average is $31.73. American Homes 4 Rent has a 52-week low of $27.22 and a 52-week high of $35.85. 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 firm has a market capitalization of $12.09 billion, a P/E ratio of 26.62, a P/E/G ratio of 6.01 and a beta of 0.79.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings results 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. American Homes 4 Rent had a net margin of 25.53% and a return on equity of 6.25%. The firm had revenue of $470.10 million for the quarter, compared to the consensus estimate of $466.51 million. During the same quarter in the previous year, the firm posted $0.47 EPS. The firm’s quarterly 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. Analysts expect that American Homes 4 Rent will post 1.9 EPS for the current fiscal year.

American Homes 4 Rent Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Tuesday, September 15th. American Homes 4 Rent’s dividend payout ratio is currently 104.76%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AMH. Wells Fargo & Company boosted their price objective on shares of American Homes 4 Rent from $36.00 to $38.00 and gave the company an “overweight” rating in a research note on Monday, August 10th. Mizuho lifted their target price on American Homes 4 Rent from $29.00 to $35.00 and gave the company a “neutral” rating in a report on Wednesday, June 17th. Wall Street Zen raised American Homes 4 Rent from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. BMO Capital Markets upgraded American Homes 4 Rent from a “market perform” rating to an “outperform” rating and set a $39.00 price target for the company in a research note on Friday, June 26th. Finally, JPMorgan Chase & Co. raised their price objective on American Homes 4 Rent from $35.00 to $38.00 and gave the stock a “neutral” rating in a report on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $36.83.

Insider Transactions at American Homes 4 Rent

In other American Homes 4 Rent news, Director Jack E. Corrigan bought 6,000 shares of the company’s stock in a transaction on Monday, August 24th. The shares were bought at an average cost of $22.42 per share, with a total value of $134,520.00. Following the completion of the acquisition, the director owned 22,000 shares of the company’s stock, valued at approximately $493,240. This trade represents a 37.50% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.70% of the stock is owned by company insiders.

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.