Hsbc Holdings PLC Purchases 34,345 Shares of American Homes 4 Rent $AMH

Hsbc Holdings PLC lifted its position in American Homes 4 Rent (NYSE:AMH) by 4.8% in the first quarter, Holdings Channel.com reports. The institutional investor owned 749,814 shares of the real estate investment trust’s stock after purchasing an additional 34,345 shares during the period. Hsbc Holdings PLC’s holdings in American Homes 4 Rent were worth $20,929,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. M&T Bank Corp increased its stake in shares of American Homes 4 Rent by 386.9% in the fourth quarter. M&T Bank Corp now owns 39,333 shares of the real estate investment trust’s stock worth $1,262,000 after purchasing an additional 31,254 shares during the period. Bayhunt Capital LLC bought a new stake in American Homes 4 Rent during the 4th quarter valued at approximately $14,822,000. Principal Financial Group Inc. boosted its stake in American Homes 4 Rent by 8.7% during the 4th quarter. Principal Financial Group Inc. now owns 15,810,964 shares of the real estate investment trust’s stock valued at $507,532,000 after purchasing an additional 1,260,717 shares during the period. Algebris UK Ltd. acquired a new stake in American Homes 4 Rent in the 4th quarter valued at approximately $34,166,000. Finally, Lasalle Investment Management Securities LLC grew its holdings in American Homes 4 Rent by 5.8% in the 4th quarter. Lasalle Investment Management Securities LLC now owns 3,056,123 shares of the real estate investment trust’s stock valued at $98,102,000 after buying an additional 167,314 shares during the last quarter. 91.87% of the stock is currently owned by institutional investors and hedge funds.

American Homes 4 Rent Trading Down 1.1%

American Homes 4 Rent stock opened at $33.32 on Wednesday. The business has a 50 day moving average price of $32.80 and a two-hundred day moving average price of $31.24. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.67. American Homes 4 Rent has a 12 month low of $27.22 and a 12 month high of $36.86. The stock has a market cap of $12.02 billion, a price-to-earnings ratio of 27.09, a price-to-earnings-growth ratio of 4.54 and a beta of 0.79.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.30. The company had revenue of $472.02 million for the quarter, compared to analyst estimates of $470.62 million. American Homes 4 Rent had a return on equity of 6.08% and a net margin of 25.27%.American Homes 4 Rent’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.46 EPS. American Homes 4 Rent has set its FY 2026 guidance at 1.890-1.950 EPS. As a group, equities analysts forecast that American Homes 4 Rent will post 1.88 EPS for the current year.

American Homes 4 Rent Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were paid a dividend of $0.33 per share. The ex-dividend date was Monday, June 15th. This represents a $1.32 dividend on an annualized basis and a yield of 4.0%. American Homes 4 Rent’s payout ratio is currently 107.32%.

Insider Transactions at American Homes 4 Rent

In other American Homes 4 Rent news, Director Jack E. Corrigan purchased 2,041 shares of the stock in a transaction on Monday, May 18th. The shares were purchased at an average price of $23.53 per share, with a total value of $48,024.73. Following the acquisition, the director directly owned 17,000 shares of the company’s stock, valued at $400,010. This represents a 13.64% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Over the last 90 days, insiders have acquired 5,000 shares of company stock valued at $117,024. Insiders own 5.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on AMH. Wells Fargo & Company lifted their price target on American Homes 4 Rent from $34.00 to $36.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Mizuho raised their price objective on shares of 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. Barclays boosted their target price on shares of American Homes 4 Rent from $32.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 14th. Compass Point began coverage on shares of American Homes 4 Rent in a research note on Tuesday, April 28th. They set a “buy” rating and a $37.50 target price for the company. Finally, Weiss Ratings raised shares of American Homes 4 Rent from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $36.47.

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.