Wellington Management Group LLP acquired a new stake in American Homes 4 Rent (NYSE:AMH - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 928,333 shares of the real estate investment trust's stock, valued at approximately $31,118,000. Wellington Management Group LLP owned 0.26% of American Homes 4 Rent as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently made changes to their positions in the company. Norges Bank purchased a new position in American Homes 4 Rent during the fourth quarter worth about $710,672,000. Principal Financial Group Inc. increased its position in American Homes 4 Rent by 19.8% during the 1st quarter. Principal Financial Group Inc. now owns 18,937,398 shares of the real estate investment trust's stock worth $528,736,000 after purchasing an additional 3,126,434 shares during the period. State Street Corp raised its stake in shares of American Homes 4 Rent by 2.2% during the 3rd quarter. State Street Corp now owns 18,424,196 shares of the real estate investment trust's stock worth $612,605,000 after buying an additional 399,894 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of American Homes 4 Rent by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 7,355,760 shares of the real estate investment trust's stock worth $235,572,000 after buying an additional 161,676 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of American Homes 4 Rent by 30.1% in the 4th quarter. Invesco Ltd. now owns 6,161,646 shares of the real estate investment trust's stock valued at $197,789,000 after buying an additional 1,425,912 shares during the period. Institutional investors and hedge funds own 91.87% of the company's stock.
American Homes 4 Rent Stock Down 0.6%
American Homes 4 Rent stock opened at $32.52 on Friday. American Homes 4 Rent has a fifty-two week low of $27.22 and a fifty-two week high of $35.07. The firm has a market capitalization of $11.73 billion, a price-to-earnings ratio of 25.81, a price-to-earnings-growth ratio of 5.84 and a beta of 0.79. The stock's fifty day moving average is $33.80 and its two-hundred day moving average is $31.78. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.59 and a current ratio of 0.59.
American Homes 4 Rent (NYSE:AMH - Get Free Report) last posted its earnings results on Thursday, July 30th. The real estate investment trust reported $0.31 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $466.51 million. During the same period last year, the firm posted $0.47 EPS. The firm'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 1.930-1.970 EPS. Analysts predict that American Homes 4 Rent will post 1.91 EPS for the current fiscal year.
American Homes 4 Rent Dividend Announcement
The business also recently disclosed 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 4.1%. The ex-dividend date is Tuesday, September 15th. American Homes 4 Rent's payout ratio is currently 104.76%.
Insider Activity
In related news, Director Jack Corrigan bought 6,000 shares of American Homes 4 Rent stock in a transaction that occurred on Monday, August 24th. The shares were purchased at an average price of $22.42 per share, with a total value of $134,520.00. Following the purchase, the director owned 22,000 shares in the company, valued at $493,240. This represents a 37.50% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 5.70% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on the company. Weiss Ratings reaffirmed a "hold (c)" rating on shares of American Homes 4 Rent in a report on Monday, August 17th. Scotiabank boosted their target price on shares of American Homes 4 Rent from $32.00 to $33.00 and gave the stock a "sector perform" rating in a research report on Thursday, June 18th. Morgan Stanley lowered their price target on shares of American Homes 4 Rent from $38.50 to $38.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 12th. 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. Finally, BMO Capital Markets upgraded shares of American Homes 4 Rent from a "market perform" rating to an "outperform" rating and set a $39.00 price objective for the company in a research note on Friday, June 26th. One research 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $36.83.
Read Our Latest Analysis on American Homes 4 Rent
About American Homes 4 Rent
(
Free Report)
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.
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