Jupiter Topco LLC Purchases New Stake in American Homes 4 Rent $AMH

Key Points

• Jupiter Topco LLC acquired 203,779 shares of American Homes 4 Rent in the second quarter, valued at approximately $6.8 million and representing a 0.06% stake. Institutional investors collectively own 91.87% of the REIT.
• Analyst sentiment is positive, with an average rating of “Moderate Buy” and an average price target of $36.83, compared with the stock’s opening price of $33.54.
• American Homes 4 Rent exceeded quarterly earnings expectations, reporting $0.31 per share versus the $0.18 consensus estimate, while revenue rose 2.8% year over year to $470.1 million. The company also declared a quarterly dividend of $0.33 per share, equivalent to a 3.9% annual yield.

Jupiter Topco LLC acquired a new position in American Homes 4 Rent (NYSE:AMH - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 203,779 shares of the real estate investment trust's stock, valued at approximately $6,836,000. Jupiter Topco LLC owned 0.06% of American Homes 4 Rent as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of American Homes 4 Rent in the 4th quarter valued at about $710,672,000. Bank of Montreal Can raised its stake in shares of American Homes 4 Rent by 3,526.2% during the fourth quarter. Bank of Montreal Can now owns 4,599,850 shares of the real estate investment trust's stock worth $147,655,000 after buying an additional 4,472,998 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of American Homes 4 Rent by 19.8% during the first quarter. Principal Financial Group Inc. now owns 18,937,398 shares of the real estate investment trust's stock worth $528,736,000 after buying an additional 3,126,434 shares during the last quarter. AQR Capital Management LLC lifted its holdings in American Homes 4 Rent by 1,299.8% in the fourth quarter. AQR Capital Management LLC now owns 3,112,624 shares of the real estate investment trust's stock valued at $99,915,000 after buying an additional 2,890,263 shares during the period. Finally, Cbre Investment Management Listed Real Assets LLC lifted its holdings in American Homes 4 Rent by 104.4% in 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 buying an additional 2,477,585 shares during the period. 91.87% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the stock. Deutsche Bank Aktiengesellschaft set a $39.00 target price on shares of American Homes 4 Rent in a report on Friday, June 26th. Weiss Ratings reissued a "hold (c)" rating on shares of American Homes 4 Rent in a research note on Monday, August 17th. Mizuho raised their price target 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. Raymond James Financial raised American Homes 4 Rent from a "market perform" rating to an "outperform" rating and set a $35.00 price objective for the company in a research note on Monday, May 18th. Finally, Wall Street Zen upgraded American Homes 4 Rent from a "sell" rating to a "hold" rating in a report on Saturday, May 9th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, American Homes 4 Rent has an average rating of "Moderate Buy" and an average target price of $36.83.

American Homes 4 Rent Price Performance

Shares of NYSE AMH opened at $33.54 on Monday. The stock has a market cap of $12.09 billion, a P/E ratio of 26.62, a P/E/G ratio of 6.01 and a beta of 0.79. The firm has a 50 day moving average price of $33.78 and a 200 day moving average price of $31.74. 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 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 earnings results 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. The company had revenue of $470.10 million for the quarter, compared to analyst estimates of $466.51 million. American Homes 4 Rent had a net margin of 25.53% and a return on equity of 6.25%. The business's revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period last year, the business posted $0.47 earnings per share. American Homes 4 Rent has set its FY 2026 guidance at 1.930-1.970 EPS. Analysts expect that American Homes 4 Rent will post 1.9 EPS for the current year.

American Homes 4 Rent Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Tuesday, September 15th. American Homes 4 Rent's dividend payout ratio (DPR) is presently 104.76%.

Insiders Place Their Bets

In other American Homes 4 Rent news, Director Jack E. Corrigan bought 6,000 shares of American Homes 4 Rent stock in a transaction on Monday, August 24th. The shares were purchased at an average cost of $22.42 per share, for a total transaction of $134,520.00. Following the completion of the acquisition, the director owned 22,000 shares in the company, valued at approximately $493,240. The trade was a 37.50% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 5.70% 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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