American Homes 4 Rent $AMH Shares Acquired by Westpac Banking Corp

Westpac Banking Corp increased its position in shares of American Homes 4 Rent (NYSE:AMH) by 12.2% during the 2nd quarter, Holdings Channel.com reports. The fund owned 142,898 shares of the real estate investment trust’s stock after acquiring an additional 15,485 shares during the period. Westpac Banking Corp’s holdings in American Homes 4 Rent were worth $4,790,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of AMH. Commonwealth Equity Services LLC lifted its position in shares of American Homes 4 Rent by 3.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 10,797 shares of the real estate investment trust’s stock worth $347,000 after purchasing an additional 321 shares in the last quarter. Vanderbilt University grew its holdings in shares of American Homes 4 Rent by 1.5% in the first quarter. Vanderbilt University now owns 23,385 shares of the real estate investment trust’s stock valued at $653,000 after purchasing an additional 346 shares in the last quarter. OMERS ADMINISTRATION Corp grew its holdings in shares of American Homes 4 Rent by 3.6% in the first quarter. OMERS ADMINISTRATION Corp now owns 12,112 shares of the real estate investment trust’s stock valued at $338,000 after purchasing an additional 424 shares in the last quarter. Assetmark Inc. increased its stake in American Homes 4 Rent by 7.2% during the 1st quarter. Assetmark Inc. now owns 6,427 shares of the real estate investment trust’s stock worth $179,000 after buying an additional 431 shares during the period. Finally, IFP Advisors Inc increased its stake in American Homes 4 Rent by 122.2% during the 4th quarter. IFP Advisors Inc now owns 802 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 441 shares during the period. 91.87% of the stock is owned by institutional investors and hedge funds.

American Homes 4 Rent Price Performance

Shares of AMH opened at $34.36 on Friday. The firm has a market capitalization of $12.39 billion, a price-to-earnings ratio of 27.27, a PEG ratio of 6.16 and a beta of 0.79. The firm’s fifty day simple moving average is $33.57 and its 200-day simple moving average is $31.62. American Homes 4 Rent has a twelve month low of $27.22 and a twelve month high of $35.85. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.69.

American Homes 4 Rent (NYSE:AMH) last issued 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. The firm had revenue of $470.10 million during the quarter, compared to the consensus estimate of $466.51 million. American Homes 4 Rent had a net margin of 25.53% and a return on equity of 6.25%. The company’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.47 earnings per share. American Homes 4 Rent has set its FY 2026 guidance at 1.930-1.970 EPS. Equities analysts forecast that American Homes 4 Rent will post 1.9 EPS for the current fiscal year.

American Homes 4 Rent Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Tuesday, September 15th. American Homes 4 Rent’s dividend payout ratio is currently 104.76%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Morgan Stanley dropped their price target on shares of American Homes 4 Rent from $38.50 to $38.00 and set an “overweight” rating for the company in a research note on Wednesday, August 12th. Jefferies Financial Group upgraded American Homes 4 Rent to a “strong-buy” rating in a report on Wednesday, July 22nd. Barclays boosted their target price on American Homes 4 Rent from $32.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 14th. Raymond James Financial upgraded American Homes 4 Rent from a “market perform” rating to an “outperform” rating and set a $35.00 price target on the stock in a report on Monday, May 18th. Finally, Keefe, Bruyette & Woods increased their price target on American Homes 4 Rent from $36.00 to $38.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, American Homes 4 Rent currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.83.

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.