American Homes 4 Rent $AMH is Land & Buildings Investment Management LLC's 8th Largest Position

Key Points

• Land & Buildings Investment Management increased its stake in American Homes 4 Rent by 24.2% to 980,985 shares in Q3, making AMH its 8th-largest holding and about 6.0% of the fund (worth ~$32.62M).
• AMH missed quarterly expectations (EPS $0.33 vs. $0.47; revenue $402.9M vs. $459.2M), prompting analysts to trim targets and leaving a consensus rating of "Hold" with a $35.53 target.
• The company raised its quarterly dividend to $0.33 (annualized $1.32, 4.6% yield) and insiders have been buying shares, though the payout ratio is elevated at about 111.9%.

Land & Buildings Investment Management LLC raised its holdings in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 24.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 980,985 shares of the real estate investment trust's stock after acquiring an additional 191,085 shares during the period. American Homes 4 Rent comprises approximately 6.0% of Land & Buildings Investment Management LLC's portfolio, making the stock its 8th biggest holding. Land & Buildings Investment Management LLC owned about 0.26% of American Homes 4 Rent worth $32,618,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Wilmington Savings Fund Society FSB boosted its stake in shares of American Homes 4 Rent by 10,728.6% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 758 shares of the real estate investment trust's stock valued at $25,000 after purchasing an additional 751 shares in the last quarter. Parallel Advisors LLC raised its position in American Homes 4 Rent by 84.8% in the 3rd quarter. Parallel Advisors LLC now owns 963 shares of the real estate investment trust's stock worth $32,000 after purchasing an additional 442 shares during the period. SJS Investment Consulting Inc. purchased a new position in American Homes 4 Rent in the 3rd quarter worth $43,000. Rakuten Investment Management Inc. bought a new stake in American Homes 4 Rent in the third quarter worth $47,000. Finally, Avalon Trust Co bought a new stake in American Homes 4 Rent in the third quarter worth $55,000. 91.87% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on AMH shares. The Goldman Sachs Group set a $37.00 price objective on American Homes 4 Rent in a research note on Monday, December 15th. Weiss Ratings restated a "hold (c)" rating on shares of American Homes 4 Rent in a report on Wednesday, January 21st. Wall Street Zen lowered American Homes 4 Rent from a "hold" rating to a "sell" rating in a research report on Sunday, January 18th. JPMorgan Chase & Co. decreased their price target on American Homes 4 Rent from $38.00 to $37.00 and set a "neutral" rating on the stock in a research note on Monday, January 12th. Finally, Barclays dropped their price objective on American Homes 4 Rent from $33.00 to $31.00 and set an "equal weight" rating for the company in a research note on Friday, March 6th. Seven research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $35.53.

American Homes 4 Rent Stock Performance

Shares of NYSE:AMH opened at $28.46 on Tuesday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.66. The company has a 50-day moving average price of $30.78 and a 200-day moving average price of $31.90. The company has a market cap of $10.35 billion, a price-to-earnings ratio of 24.11, a price-to-earnings-growth ratio of 4.07 and a beta of 0.80. American Homes 4 Rent has a 12 month low of $28.21 and a 12 month high of $39.49.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last posted its earnings results on Thursday, February 19th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.14). American Homes 4 Rent had a return on equity of 5.93% and a net margin of 24.48%.The business had revenue of $402.93 million during the quarter, compared to the consensus estimate of $459.24 million. During the same period in the previous year, the business earned $0.45 earnings per share. The firm's revenue for the quarter was up 4.2% compared to the same quarter last year. American Homes 4 Rent has set its FY 2026 guidance at 1.890-1.950 EPS. As a group, equities analysts anticipate that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 4.6%. This is a boost from American Homes 4 Rent's previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Friday, March 13th. American Homes 4 Rent's payout ratio is presently 111.86%.

Insider Activity at American Homes 4 Rent

In other American Homes 4 Rent news, Director Douglas N. Benham bought 1,571 shares of the firm's stock in a transaction that occurred on Wednesday, February 25th. The stock was bought at an average price of $24.00 per share, for a total transaction of $37,704.00. Following the completion of the acquisition, the director directly owned 43,517 shares in the company, valued at $1,044,408. The trade was a 3.75% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director David Goldberg purchased 2,000 shares of the company's stock in a transaction that occurred on Tuesday, March 3rd. The stock was acquired at an average cost of $29.30 per share, with a total value of $58,600.00. Following the purchase, the director directly owned 36,723 shares of the company's stock, valued at $1,075,983.90. This trade represents a 5.76% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have bought 6,771 shares of company stock worth $183,684 over the last three months. Insiders own 6.01% 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.

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