Commonwealth of Pennsylvania Public School Empls Retrmt SYS Boosts Stock Position in American Homes 4 Rent $AMH

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in American Homes 4 Rent (NYSE:AMH) by 22.6% in the first quarter, Holdings Channel.com reports. The fund owned 237,034 shares of the real estate investment trust’s stock after purchasing an additional 43,711 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in American Homes 4 Rent were worth $6,618,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in AMH. Jones Financial Companies Lllp boosted its stake in American Homes 4 Rent by 1,103.6% in the 1st quarter. Jones Financial Companies Lllp now owns 13,047 shares of the real estate investment trust’s stock worth $493,000 after purchasing an additional 11,963 shares during the period. Cetera Investment Advisers increased its position in shares of American Homes 4 Rent by 3.3% during the second quarter. Cetera Investment Advisers now owns 16,819 shares of the real estate investment trust’s stock valued at $607,000 after buying an additional 537 shares during the period. Walleye Capital LLC bought a new stake in shares of American Homes 4 Rent during the second quarter valued at about $255,000. Jump Financial LLC purchased a new stake in shares of American Homes 4 Rent in the second quarter worth about $413,000. Finally, Cerity Partners LLC lifted its holdings in shares of American Homes 4 Rent by 5.6% in the second quarter. Cerity Partners LLC now owns 45,558 shares of the real estate investment trust’s stock worth $1,643,000 after buying an additional 2,401 shares in the last quarter. 91.87% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at American Homes 4 Rent

In related news, Director Jack E. Corrigan purchased 2,041 shares of the firm’s stock in a transaction dated Monday, May 18th. The shares were purchased at an average price of $23.53 per share, with a total value of $48,024.73. Following the acquisition, the director directly owned 17,000 shares of the company’s stock, valued at approximately $400,010. This represents a 13.64% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last 90 days, insiders have acquired 5,000 shares of company stock valued at $117,024. 5.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Morgan Stanley cut their price objective on shares of American Homes 4 Rent from $39.00 to $38.50 and set an “overweight” rating for the company in a research report on Wednesday, May 27th. Barclays upped their target price on shares of American Homes 4 Rent from $32.00 to $36.00 and gave the stock an “equal weight” rating in a report on Tuesday. Mizuho raised their price target on shares of American Homes 4 Rent from $29.00 to $35.00 and gave the company a “neutral” rating in a report on Wednesday, June 17th. Keefe, Bruyette & Woods raised their price target on shares of American Homes 4 Rent from $35.00 to $36.00 and gave the company an “outperform” rating in a report on Tuesday, May 12th. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.47.

American Homes 4 Rent Stock Performance

Shares of AMH opened at $33.87 on Wednesday. The company has a market cap of $12.21 billion, a PE ratio of 27.53, a price-to-earnings-growth ratio of 4.56 and a beta of 0.79. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.67. The stock has a 50-day moving average price of $32.63 and a 200-day moving average price of $31.18. American Homes 4 Rent has a 12-month low of $27.22 and a 12-month high of $36.86.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.30. The company had revenue of $472.02 million for the quarter, compared to analysts’ expectations of $470.62 million. American Homes 4 Rent had a net margin of 25.27% and a return on equity of 6.08%. American Homes 4 Rent’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.46 earnings per share. American Homes 4 Rent has set its FY 2026 guidance at 1.890-1.950 EPS. As a group, equities analysts forecast that American Homes 4 Rent will post 1.88 earnings per share for the current fiscal year.

American Homes 4 Rent Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend was Monday, June 15th. American Homes 4 Rent’s payout ratio is currently 107.32%.

American Homes 4 Rent 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.