Norges Bank Takes Position in American Homes 4 Rent $AMH

Key Points

• Norges Bank disclosed a new fourth-quarter stake in American Homes 4 Rent, buying 22.1 million shares valued at about $710.7 million and owning roughly 5.97% of the REIT.
• American Homes 4 Rent reported strong quarterly earnings, posting $0.48 EPS versus $0.18 expected, while revenue of $472.0 million also slightly beat estimates and rose 2.8% year over year.
• The company announced a quarterly dividend of $0.33 per share, equal to an annualized yield of about 4.1%; meanwhile, analysts currently have a consensus rating of Hold with an average price target of $34.97.

Norges Bank purchased a new stake in American Homes 4 Rent (NYSE:AMH - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 22,139,313 shares of the real estate investment trust's stock, valued at approximately $710,672,000. Norges Bank owned approximately 5.97% of American Homes 4 Rent at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in AMH. Wilmington Savings Fund Society FSB lifted its holdings in American Homes 4 Rent by 10,728.6% in the third quarter. Wilmington Savings Fund Society FSB now owns 758 shares of the real estate investment trust's stock valued at $25,000 after acquiring an additional 751 shares during the last quarter. IFP Advisors Inc lifted its holdings in American Homes 4 Rent by 122.2% in the fourth quarter. IFP Advisors Inc now owns 802 shares of the real estate investment trust's stock valued at $26,000 after acquiring an additional 441 shares during the last quarter. True Wealth Design LLC lifted its holdings in American Homes 4 Rent by 230.8% in the fourth quarter. True Wealth Design LLC now owns 827 shares of the real estate investment trust's stock valued at $27,000 after acquiring an additional 577 shares during the last quarter. Parallel Advisors LLC lifted 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 acquiring an additional 442 shares during the last quarter. Finally, V Square Quantitative Management LLC acquired a new position in American Homes 4 Rent in the fourth quarter valued at approximately $37,000. 91.87% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Jack E. Corrigan acquired 2,041 shares of the business's stock in a transaction dated Monday, May 18th. The shares were acquired at an average price 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 legal filing with the SEC, which can be accessed through this hyperlink. Also, Director David Goldberg acquired 2,000 shares of the business's stock in a transaction dated Tuesday, March 3rd. The shares were bought at an average cost of $29.30 per share, for a total transaction of $58,600.00. Following the transaction, the director directly owned 36,723 shares of the company's stock, valued at approximately $1,075,983.90. This trade represents a 5.76% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 7,000 shares of company stock worth $175,624 in the last ninety days. Corporate insiders own 5.70% of the company's stock.

American Homes 4 Rent Stock Up 0.0%

NYSE:AMH opened at $32.09 on Monday. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.67. The stock's fifty day moving average is $30.36 and its two-hundred day moving average is $30.85. American Homes 4 Rent has a 52 week low of $27.22 and a 52 week high of $38.01. The stock has a market capitalization of $11.57 billion, a price-to-earnings ratio of 26.09, a price-to-earnings-growth ratio of 4.22 and a beta of 0.81.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $0.48 EPS for the quarter, topping analysts' consensus estimates of $0.18 by $0.30. American Homes 4 Rent had a return on equity of 6.08% and a net margin of 25.27%.The company had revenue of $472.02 million for the quarter, compared to analysts' expectations of $470.62 million. During the same period in the prior year, the firm earned $0.46 earnings per share. 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 1.890-1.950 EPS. Research analysts anticipate that American Homes 4 Rent will post 1.93 EPS for the current year.

American Homes 4 Rent Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.1%. American Homes 4 Rent's dividend payout ratio is currently 107.32%.

Analyst Ratings Changes

A number of research firms recently commented on AMH. UBS Group decreased their price objective on American Homes 4 Rent from $33.00 to $32.00 and set a "neutral" rating on the stock in a report on Tuesday, May 19th. Mizuho decreased their price objective on American Homes 4 Rent from $32.00 to $29.00 and set a "neutral" rating on the stock in a report on Friday, March 13th. Royal Bank Of Canada upped their price objective on American Homes 4 Rent from $34.00 to $35.00 and gave the company an "outperform" rating in a report on Friday, May 8th. Wells Fargo & Company decreased their price objective on American Homes 4 Rent from $37.00 to $34.00 and set an "overweight" rating on the stock in a report on Thursday, March 5th. Finally, Compass Point began coverage on American Homes 4 Rent in a report on Tuesday, April 28th. They issued a "buy" rating and a $37.50 price objective on the stock. Nine investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $34.97.

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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