Corsair Capital Management L.P. Buys Shares of 23,000 American Homes 4 Rent $AMH

Corsair Capital Management L.P. purchased a new stake in American Homes 4 Rent (NYSE:AMH) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 23,000 shares of the real estate investment trust’s stock, valued at approximately $642,000.

Other hedge funds have also recently modified their holdings of the company. Wilmington Savings Fund Society FSB increased its holdings in American Homes 4 Rent by 10,728.6% during the third 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 period. IFP Advisors Inc raised its stake in 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 worth $26,000 after buying an additional 441 shares in the last quarter. Parallel Advisors LLC lifted its holdings in American Homes 4 Rent by 84.8% during the third 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. Bessemer Group Inc. lifted its holdings in American Homes 4 Rent by 70.3% during the first quarter. Bessemer Group Inc. now owns 1,170 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 483 shares during the period. Finally, Prosperity Bancshares Inc bought a new stake in American Homes 4 Rent during the 4th quarter valued at $35,000. Hedge funds and other institutional investors own 91.87% of the company’s stock.

Analysts Set New Price Targets

A number of 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 target on the stock in a report on Friday, June 26th. Raymond James Financial upgraded American Homes 4 Rent from a “market perform” rating to an “outperform” rating and set a $35.00 price objective for the company in a research note on Monday, May 18th. Morgan Stanley dropped their price objective on American Homes 4 Rent from $39.00 to $38.50 and set an “overweight” rating on the stock in a research report on Wednesday, May 27th. Jefferies Financial Group upgraded American Homes 4 Rent to a “strong-buy” rating in a research note on Wednesday, July 22nd. Finally, Royal Bank Of Canada boosted their target price on shares of American Homes 4 Rent from $34.00 to $35.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $36.47.

American Homes 4 Rent Price Performance

Shares of NYSE AMH opened at $33.43 on Monday. American Homes 4 Rent has a fifty-two week low of $27.22 and a fifty-two week high of $36.38. The company has a market cap of $12.05 billion, a PE ratio of 27.18, a P/E/G ratio of 4.50 and a beta of 0.79. 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 has a 50-day simple moving average of $32.93 and a two-hundred day simple moving average of $31.27.

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 (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.30. The firm had revenue of $472.02 million for the quarter, compared to the consensus estimate of $470.62 million. American Homes 4 Rent had a net margin of 25.27% and a return on equity of 6.08%. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $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 expect that American Homes 4 Rent will post 1.88 EPS for the current fiscal year.

American Homes 4 Rent Dividend Announcement

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

Insider Activity

In related news, Director Jack E. Corrigan purchased 2,041 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was acquired at an average price of $23.53 per share, with a total value of $48,024.73. Following the completion of the acquisition, the director owned 17,000 shares in the company, valued at approximately $400,010. This represents a 13.64% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders have acquired a total of 5,000 shares of company stock valued at $117,024 over the last three months. Company 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.