Lasalle Investment Management Securities LLC Buys 577,750 Shares of American Homes 4 Rent $AMH

Lasalle Investment Management Securities LLC raised its position in American Homes 4 Rent (NYSE:AMH) by 18.9% during the 1st quarter, HoldingsChannel.com reports. The firm owned 3,633,873 shares of the real estate investment trust’s stock after purchasing an additional 577,750 shares during the period. American Homes 4 Rent makes up 4.0% of Lasalle Investment Management Securities LLC’s investment portfolio, making the stock its 7th biggest holding. Lasalle Investment Management Securities LLC’s holdings in American Homes 4 Rent were worth $101,458,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AMH. Wilmington Savings Fund Society FSB increased its stake in American Homes 4 Rent by 10,728.6% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 758 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 751 shares during the last quarter. IFP Advisors Inc lifted its position in shares of 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 buying an additional 441 shares during the last quarter. True Wealth Design LLC lifted its holdings in American Homes 4 Rent by 230.8% during the 4th quarter. True Wealth Design LLC now owns 827 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 577 shares during the last quarter. Parallel Advisors LLC boosted its holdings in shares of American Homes 4 Rent by 84.8% during the 3rd 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 period. Finally, Prosperity Bancshares Inc acquired a new position in American Homes 4 Rent in the 4th quarter valued at about $35,000. 91.87% of the stock is currently owned by institutional investors and hedge funds.

American Homes 4 Rent Stock Performance

AMH opened at $33.21 on Thursday. The firm has a market cap of $11.97 billion, a P/E ratio of 27.00, a price-to-earnings-growth ratio of 4.49 and a beta of 0.79. American Homes 4 Rent has a 52-week low of $27.22 and a 52-week high of $36.83. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.57 and a current ratio of 0.57. The business’s fifty day moving average is $32.84 and its 200-day moving average is $31.24.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $0.48 EPS for the quarter, beating 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 business had revenue of $472.02 million during the quarter, compared to the consensus estimate of $470.62 million. During the same quarter in the previous year, the firm earned $0.46 earnings per share. American Homes 4 Rent’s revenue for the quarter 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. Sell-side analysts expect that American Homes 4 Rent will post 1.88 EPS for the current fiscal year.

American Homes 4 Rent Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend was Monday, June 15th. American Homes 4 Rent’s dividend payout ratio is 107.32%.

Insider Buying and Selling at American Homes 4 Rent

In other news, Director Jack E. Corrigan purchased 2,041 shares of American Homes 4 Rent stock in a transaction that occurred on Monday, May 18th. The shares were acquired at an average price of $23.53 per share, for a total transaction of $48,024.73. Following the transaction, the director owned 17,000 shares of the company’s stock, valued at approximately $400,010. The trade was a 13.64% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Over the last ninety days, insiders have purchased 5,000 shares of company stock worth $117,024. Corporate insiders own 5.70% of the company’s stock.

Analysts Set New Price Targets

AMH has been the topic of several research reports. Raymond James Financial raised American Homes 4 Rent from a “market perform” rating to an “outperform” rating and set a $35.00 target price on the stock in a research report on Monday, May 18th. BMO Capital Markets upgraded American Homes 4 Rent from a “market perform” rating to an “outperform” rating and set a $39.00 price target for the company in a research note on Friday, June 26th. Scotiabank upped their price objective on American Homes 4 Rent from $32.00 to $33.00 and gave the company a “sector perform” rating in a report on Thursday, June 18th. Compass Point assumed 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. Finally, Royal Bank Of Canada increased their price objective on American Homes 4 Rent from $34.00 to $35.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $36.47.

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.