Bank of America Corp DE Has $44.93 Million Stock Position in American Homes 4 Rent $AMH

Key Points

• Bank of America increased its American Homes 4 Rent position by 69% in the first quarter, purchasing 656,937 additional shares. Its stake totaled 1.61 million shares, worth approximately $44.93 million, or 0.45% of AMH.
• Wall Street’s consensus rating is “Moderate Buy”, with one Strong Buy, 11 Buys and eight Holds. The average price target is $36.78, with recent targets ranging from $33 to $39.
• American Homes 4 Rent reported quarterly EPS of $0.31, exceeding the $0.18 consensus estimate, while revenue rose 2.8% year over year to $470.1 million. Shares opened at $33.80, near their 52-week high of $35.85.

Bank of America Corp DE grew its holdings in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 69.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,609,254 shares of the real estate investment trust's stock after purchasing an additional 656,937 shares during the quarter. Bank of America Corp DE owned about 0.45% of American Homes 4 Rent worth $44,930,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Wilmington Savings Fund Society FSB increased its position in American Homes 4 Rent by 10,728.6% during the third quarter. Wilmington Savings Fund Society FSB now owns 758 shares of the real estate investment trust's stock worth $25,000 after buying an additional 751 shares during the last quarter. IFP Advisors Inc raised its holdings in 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 valued at $26,000 after buying an additional 441 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of 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 worth $32,000 after buying an additional 442 shares during the last quarter. Bessemer Group Inc. lifted its position in shares of American Homes 4 Rent by 70.3% in the first 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 bought a new stake in shares of American Homes 4 Rent during the 4th quarter worth about $35,000. Institutional investors and hedge funds own 91.87% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on AMH. UBS Group increased their price objective on American Homes 4 Rent from $32.00 to $35.00 and gave the company a "neutral" rating in a report on Wednesday, July 8th. Keefe, Bruyette & Woods boosted their target price on American Homes 4 Rent from $36.00 to $38.00 and gave the stock an "outperform" rating in a report on Wednesday, August 5th. Scotiabank upped their target price on 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. Mizuho upped their target price on American Homes 4 Rent from $29.00 to $35.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 17th. Finally, Deutsche Bank Aktiengesellschaft set a $39.00 price target on American Homes 4 Rent in a report on Friday, June 26th. One equities 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 company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $36.78.

Insider Activity at American Homes 4 Rent

In other American Homes 4 Rent news, Director Jack E. Corrigan acquired 2,041 shares of American Homes 4 Rent stock in a transaction dated Monday, May 18th. The stock was bought at an average cost of $23.53 per share, with a total value of $48,024.73. Following the completion of the transaction, the director owned 17,000 shares of the company's stock, valued at $400,010. The trade was a 13.64% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.70% of the stock is currently owned by company insiders.

American Homes 4 Rent Trading Down 0.2%

Shares of NYSE:AMH opened at $33.80 on Thursday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.59 and a current ratio of 0.59. The stock's 50-day moving average is $33.44 and its 200-day moving average is $31.49. The company has a market cap of $12.19 billion, a P/E ratio of 26.83, a P/E/G ratio of 6.12 and a beta of 0.79. American Homes 4 Rent has a 52-week low of $27.22 and a 52-week high of $35.85.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.13. American Homes 4 Rent had a return on equity of 6.25% and a net margin of 25.53%.The business had revenue of $470.10 million during the quarter, compared to analysts' expectations of $466.51 million. During the same quarter in the previous year, the firm earned $0.47 EPS. The firm'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. Equities research analysts predict that American Homes 4 Rent will post 1.88 earnings per share for the current year.

About American Homes 4 Rent

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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