Picton Mahoney Asset Management Acquires New Stake in American Homes 4 Rent $AMH

Picton Mahoney Asset Management bought a new position in shares of American Homes 4 Rent (NYSE:AMH) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 28,556 shares of the real estate investment trust’s stock, valued at approximately $949,000.

A number of other institutional investors have also added to or reduced their stakes in AMH. Norges Bank purchased a new stake in shares of American Homes 4 Rent in the 2nd quarter valued at about $796,706,000. Lasalle Investment Management Securities LLC increased its position in shares of American Homes 4 Rent by 76.1% in the third quarter. Lasalle Investment Management Securities LLC now owns 2,888,809 shares of the real estate investment trust’s stock worth $96,053,000 after purchasing an additional 1,248,131 shares during the last quarter. Centersquare Investment Management LLC increased its position in shares of American Homes 4 Rent by 25.9% in the third quarter. Centersquare Investment Management LLC now owns 5,271,280 shares of the real estate investment trust’s stock worth $175,270,000 after purchasing an additional 1,082,972 shares during the last quarter. First Trust Advisors LP raised its stake in American Homes 4 Rent by 2,035.9% in the second quarter. First Trust Advisors LP now owns 1,129,609 shares of the real estate investment trust’s stock valued at $40,745,000 after purchasing an additional 1,076,722 shares in the last quarter. Finally, Aew Capital Management L P raised its stake in American Homes 4 Rent by 56.0% in the third quarter. Aew Capital Management L P now owns 2,064,622 shares of the real estate investment trust’s stock valued at $68,649,000 after purchasing an additional 741,388 shares in the last quarter. 91.87% of the stock is currently owned by institutional investors.

American Homes 4 Rent Stock Down 0.2%

NYSE:AMH opened at $29.94 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.63 and a quick ratio of 0.63. The firm’s 50-day moving average price is $31.15 and its 200-day moving average price is $32.21. The company has a market capitalization of $10.89 billion, a PE ratio of 25.37, a P/E/G ratio of 4.29 and a beta of 0.80. American Homes 4 Rent has a 1-year low of $28.84 and a 1-year high of $39.49.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings data on Thursday, February 19th. The real estate investment trust reported $0.33 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.14). The business had revenue of $402.93 million for the quarter, compared to the consensus estimate of $459.24 million. American Homes 4 Rent had a return on equity of 5.93% and a net margin of 24.48%.The company’s revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.45 EPS. American Homes 4 Rent has set its FY 2026 guidance at 1.890-1.950 EPS. On average, equities analysts predict that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

American Homes 4 Rent Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be issued a dividend of $0.33 per share. The ex-dividend date is Friday, March 13th. This is a positive change from American Homes 4 Rent’s previous quarterly dividend of $0.30. This represents a $1.32 annualized dividend and a dividend yield of 4.4%. American Homes 4 Rent’s dividend payout ratio (DPR) is 101.69%.

Insiders Place Their Bets

In other news, Director Jack E. Corrigan purchased 5,000 shares of the business’s stock in a transaction dated Tuesday, December 9th. The shares were purchased at an average price of $22.96 per share, for a total transaction of $114,800.00. Following the completion of the acquisition, the director directly owned 17,300 shares in the company, valued at $397,208. This represents a 40.65% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director David Goldberg purchased 2,000 shares of American Homes 4 Rent stock in a transaction that occurred on Tuesday, February 24th. The shares were purchased at an average cost of $29.17 per share, with a total value of $58,340.00. Following the transaction, the director directly owned 34,723 shares of the company’s stock, valued at $1,012,869.91. This represents a 6.11% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders bought 9,771 shares of company stock valued at $239,884. Insiders own 6.32% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on AMH. Raymond James Financial reissued a “market perform” rating on shares of American Homes 4 Rent in a research note on Friday, February 27th. Barclays reduced their target price on American Homes 4 Rent from $33.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Friday. JPMorgan Chase & Co. dropped their price target on American Homes 4 Rent from $38.00 to $37.00 and set a “neutral” rating for the company in a research note on Monday, January 12th. Keefe, Bruyette & Woods reduced their price objective on American Homes 4 Rent from $37.00 to $35.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 25th. Finally, Citigroup decreased their price objective on American Homes 4 Rent from $34.50 to $33.50 and set a “neutral” rating on the stock in a report on Monday, March 2nd. Seven investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, American Homes 4 Rent currently has a consensus rating of “Hold” and an average target price of $35.78.

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.