American Homes 4 Rent $AMH Stock Holdings Decreased by Engineers Gate Manager LP

Key Points

• Engineers Gate Manager LP cut its American Homes 4 Rent stake by 76.6% in the second quarter, selling 71,954 shares and retaining 21,992 shares valued at approximately $737,000. Institutional investors and hedge funds still own 91.87% of AMH.
• Analyst sentiment remains generally positive, with AMH carrying a “Moderate Buy” consensus rating and an average price target of $36.72. Several firms recently raised their targets, with BMO Capital Markets upgrading the stock to “outperform.”
• AMH reported quarterly earnings of $0.31 per share, beating estimates of $0.18, while revenue rose 2.8% year over year to $470.1 million. The company also announced a $0.33 quarterly dividend, equivalent to a 4.3% annualized yield.

Engineers Gate Manager LP reduced its position in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 76.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,992 shares of the real estate investment trust's stock after selling 71,954 shares during the period. Engineers Gate Manager LP's holdings in American Homes 4 Rent were worth $737,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Bank of America Corp DE raised its stake in shares of American Homes 4 Rent by 69.0% during the first quarter. Bank of America Corp DE now owns 1,609,254 shares of the real estate investment trust's stock valued at $44,930,000 after purchasing an additional 656,937 shares in the last quarter. Louisiana State Employees Retirement System acquired a new position in American Homes 4 Rent in the first quarter worth approximately $2,638,000. Norges Bank acquired a new stake in shares of American Homes 4 Rent during the fourth quarter worth $710,672,000. Lasalle Investment Management Securities LLC raised its holdings in American Homes 4 Rent by 5.8% during the 4th quarter. Lasalle Investment Management Securities LLC now owns 3,056,123 shares of the real estate investment trust's stock worth $98,102,000 after buying an additional 167,314 shares during the period. Finally, Cbre Investment Management Listed Real Assets LLC raised its holdings in shares of American Homes 4 Rent by 104.4% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 4,850,171 shares of the real estate investment trust's stock valued at $155,690,000 after acquiring an additional 2,477,585 shares during the period. 91.87% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently commented on AMH shares. JPMorgan Chase & Co. boosted their price target on American Homes 4 Rent from $35.00 to $38.00 and gave the company a "neutral" rating in a research note on Wednesday, August 19th. 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 report on Friday, June 26th. Wells Fargo & Company increased their target price 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. UBS Group raised their target price on American Homes 4 Rent from $32.00 to $35.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 8th. Finally, Keefe, Bruyette & Woods lifted their price objective on American Homes 4 Rent from $36.00 to $38.00 and gave the company an "outperform" rating in a report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat, American Homes 4 Rent presently has an average rating of "Moderate Buy" and a consensus target price of $36.72.

American Homes 4 Rent Trading Up 0.1%

Shares of NYSE AMH opened at $31.05 on Monday. 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 $11.20 billion, a P/E ratio of 24.64, a P/E/G ratio of 5.54 and a beta of 0.79. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.59 and a quick ratio of 0.59. The company's 50 day simple moving average is $33.41 and its 200 day simple moving average is $31.89.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last released its earnings results on Thursday, July 30th. The real estate investment trust reported $0.31 EPS for the quarter, topping analysts' consensus estimates 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 analyst estimates of $466.51 million. During the same quarter in the previous year, the business earned $0.47 EPS. The business's quarterly 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, analysts predict that American Homes 4 Rent will post 1.91 EPS for the current year.

American Homes 4 Rent Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.32 annualized dividend and a yield of 4.3%. American Homes 4 Rent's dividend payout ratio is presently 104.76%.

Insiders Place Their Bets

In related news, Director Jack Corrigan purchased 8,000 shares of the stock in a transaction dated Friday, September 11th. The stock was bought at an average cost of $21.49 per share, with a total value of $171,920.00. Following the purchase, the director directly owned 25,000 shares in the company, valued at $537,250. The trade was a 47.06% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Insiders bought a total of 15,000 shares of company stock valued at $328,040 over the last quarter. Corporate insiders own 5.70% of the company's stock.

American Homes 4 Rent Company Profile

American Homes 4 Rent NYSE: AMH is a real estate investment trust focused on owning, developing and operating single-family rental homes. The company leases homes to residents and manages the properties through a combination of in-house operations and technology-enabled services.

AMH's activities include acquiring and developing homes, renovating properties, providing leasing and resident services, and maintaining its rental portfolio. Its homes are generally located in planned communities and other suburban markets designed to appeal to households seeking single-family living without homeownership.

Founded in 2012, American Homes 4 Rent serves communities across several U.S.

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