Public Employees Retirement System of Ohio Makes New Investment in American Homes 4 Rent $AMH

Key Points

• Public Employees Retirement System of Ohio acquired 498,120 shares of American Homes 4 Rent in the second quarter, worth approximately $16.7 million and representing a 0.14% stake. Institutional investors collectively own 91.87% of the REIT.
• American Homes 4 Rent reported quarterly earnings of $0.31 per share, beating the $0.18 consensus estimate, while revenue reached $470.1 million, up 2.8% year over year.
• The company declared a quarterly dividend of $0.33 per share, equivalent to an annualized $1.32 dividend and a 3.9% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $36.83.

Public Employees Retirement System of Ohio acquired a new position in American Homes 4 Rent (NYSE:AMH - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 498,120 shares of the real estate investment trust's stock, valued at approximately $16,697,000. Public Employees Retirement System of Ohio owned 0.14% of American Homes 4 Rent at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. M&T Bank Corp boosted its holdings in shares of American Homes 4 Rent by 386.9% in the 4th quarter. M&T Bank Corp now owns 39,333 shares of the real estate investment trust's stock valued at $1,262,000 after buying an additional 31,254 shares in the last quarter. Bank of America Corp DE grew its stake in American Homes 4 Rent by 69.0% during the 1st quarter. Bank of America Corp DE now owns 1,609,254 shares of the real estate investment trust's stock worth $44,930,000 after buying an additional 656,937 shares during the last quarter. Principal Financial Group Inc. raised its stake in American Homes 4 Rent by 8.7% in the fourth quarter. Principal Financial Group Inc. now owns 15,810,964 shares of the real estate investment trust's stock valued at $507,532,000 after buying an additional 1,260,717 shares during the last quarter. Louisiana State Employees Retirement System acquired a new stake in American Homes 4 Rent in the first quarter worth about $2,638,000. Finally, Strs Ohio increased its stake in American Homes 4 Rent by 50.5% during the 4th quarter. Strs Ohio now owns 246,263 shares of the real estate investment trust's stock valued at $7,905,000 after purchasing an additional 82,615 shares in the last quarter. Hedge funds and other institutional investors own 91.87% of the company's stock.

American Homes 4 Rent Trading Up 0.3%

Shares of NYSE:AMH opened at $33.54 on Friday. American Homes 4 Rent has a 1 year low of $27.22 and a 1 year high of $35.85. The firm has a market capitalization of $12.09 billion, a price-to-earnings ratio of 26.62, a price-to-earnings-growth ratio of 6.01 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 business's 50 day moving average price is $33.78 and its 200-day moving average price is $31.73.

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 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.13. The business had revenue of $470.10 million for the quarter, compared to the consensus estimate of $466.51 million. American Homes 4 Rent had a return on equity of 6.25% and a net margin of 25.53%.The business's quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter 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. On average, equities research analysts forecast that American Homes 4 Rent will post 1.9 earnings per share for the current fiscal year.

American Homes 4 Rent Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.9%. American Homes 4 Rent's payout ratio is presently 104.76%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on AMH shares. BMO Capital Markets upgraded American Homes 4 Rent from a "market perform" rating to an "outperform" rating and set a $39.00 price objective for the company in a research note on Friday, June 26th. UBS Group upped their price objective on shares of 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 increased their price objective on shares of American Homes 4 Rent from $36.00 to $38.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 5th. Wall Street Zen upgraded shares of American Homes 4 Rent from a "sell" rating to a "hold" rating in a research report on Saturday, May 9th. Finally, Royal Bank Of Canada increased their price target on American Homes 4 Rent from $36.00 to $37.00 and gave the stock an "outperform" rating in a research report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have issued a Hold rating to the company's stock. According to MarketBeat.com, American Homes 4 Rent has a consensus rating of "Moderate Buy" and a consensus target price of $36.83.

Insider Buying and Selling at American Homes 4 Rent

In related news, Director Jack E. Corrigan acquired 6,000 shares of the business's stock in a transaction dated Monday, August 24th. The shares were acquired at an average price of $22.42 per share, with a total value of $134,520.00. Following the completion of the transaction, the director owned 22,000 shares of the company's stock, valued at $493,240. The trade was a 37.50% 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. Insiders own 5.70% of the company's stock.

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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