Adelante Capital Management LLC Invests $28.36 Million in American Homes 4 Rent $AMH

Adelante Capital Management LLC acquired a new position in shares of American Homes 4 Rent (NYSE:AMH - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 846,202 shares of the real estate investment trust's stock, valued at approximately $28,365,000. American Homes 4 Rent makes up approximately 1.9% of Adelante Capital Management LLC's investment portfolio, making the stock its 15th largest position. Adelante Capital Management LLC owned about 0.23% of American Homes 4 Rent as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB lifted its position in American Homes 4 Rent by 10,728.6% during the 3rd 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 in the last quarter. IFP Advisors Inc lifted its position in shares of American Homes 4 Rent by 122.2% during the fourth quarter. IFP Advisors Inc now owns 802 shares of the real estate investment trust's stock worth $26,000 after purchasing an additional 441 shares during the last quarter. Parallel Advisors LLC increased 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 buying an additional 442 shares during the last quarter. Bessemer Group Inc. lifted its holdings in American Homes 4 Rent by 70.3% during the 1st quarter. Bessemer Group Inc. now owns 1,170 shares of the real estate investment trust's stock worth $33,000 after buying an additional 483 shares during the last quarter. Finally, Prosperity Bancshares Inc acquired a new position in shares of American Homes 4 Rent in the 4th quarter worth approximately $35,000. 91.87% of the stock is currently owned by hedge funds and other institutional investors.

American Homes 4 Rent Trading Down 1.0%

Shares of AMH stock opened at $34.22 on Thursday. The stock has a 50-day simple moving average of $33.71 and a 200 day simple moving average of $31.70. The stock has a market capitalization of $12.34 billion, a P/E ratio of 27.16, a P/E/G ratio of 6.19 and a beta of 0.79. American Homes 4 Rent has a fifty-two week low of $27.22 and a fifty-two 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.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last announced 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. American Homes 4 Rent had a net margin of 25.53% and a return on equity of 6.25%. The company had revenue of $470.10 million for the quarter, compared to analysts' expectations of $466.51 million. During the same quarter in the previous year, the company posted $0.47 EPS. The business's revenue was up 2.8% compared to the same quarter last year. American Homes 4 Rent has set its FY 2026 guidance at 1.930-1.970 EPS. On average, sell-side analysts expect that American Homes 4 Rent will post 1.9 earnings per share 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. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Tuesday, September 15th. American Homes 4 Rent's dividend payout ratio is 104.76%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on AMH. 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 target on the stock in a research report on Friday, June 26th. Mizuho increased 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. Wall Street Zen upgraded American Homes 4 Rent from a "sell" rating to a "hold" rating in a research report on Saturday, May 9th. Citigroup restated a "market outperform" rating on shares of American Homes 4 Rent in a research report on Wednesday, August 5th. Finally, Raymond James Financial upgraded 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. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $36.83.

Insider Buying and Selling at American Homes 4 Rent

In related news, Director Jack E. Corrigan bought 6,000 shares of the business's stock in a transaction dated 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 transaction, the director directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 5.70% of the stock is currently owned by corporate insiders.

American Homes 4 Rent Company 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.

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