Pensionfund PDN Acquires New Position in American Homes 4 Rent $AMH

Pensionfund PDN acquired a new stake in American Homes 4 Rent (NYSE:AMH) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 63,000 shares of the real estate investment trust’s stock, valued at approximately $2,022,000. American Homes 4 Rent makes up approximately 1.3% of Pensionfund PDN’s investment portfolio, making the stock its 21st biggest holding.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Norges Bank purchased a new position in shares of American Homes 4 Rent during the 2nd quarter worth approximately $796,706,000. Lasalle Investment Management Securities LLC boosted its stake 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 valued at $96,053,000 after buying an additional 1,248,131 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC grew its holdings in American Homes 4 Rent by 102.9% during the third quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,372,586 shares of the real estate investment trust’s stock worth $78,888,000 after acquiring an additional 1,203,093 shares during the period. Centersquare Investment Management LLC grew its holdings in American Homes 4 Rent by 25.9% during 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 acquiring an additional 1,082,972 shares during the period. Finally, First Trust Advisors LP raised its position 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 worth $40,745,000 after acquiring an additional 1,076,722 shares in the last quarter. Institutional investors and hedge funds own 91.87% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on AMH shares. Scotiabank decreased their target price on shares of American Homes 4 Rent from $33.00 to $31.00 and set a “sector perform” rating on the stock in a research report on Wednesday, March 4th. UBS Group cut their price target on shares of American Homes 4 Rent from $38.00 to $33.00 and set a “neutral” rating for the company in a report on Thursday, January 8th. Wells Fargo & Company reduced their price objective on shares of American Homes 4 Rent from $37.00 to $34.00 and set an “overweight” rating for the company in a research note on Thursday, March 5th. Citizens Jmp decreased their price objective on shares of American Homes 4 Rent from $41.00 to $37.00 and set a “market outperform” rating on the stock in a report on Monday, February 23rd. Finally, JPMorgan Chase & Co. lowered their target price on shares of American Homes 4 Rent from $38.00 to $37.00 and set a “neutral” rating on the stock in a research report on Monday, January 12th. Seven research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $35.21.

American Homes 4 Rent Stock Up 0.6%

American Homes 4 Rent stock opened at $27.53 on Tuesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.63 and a current ratio of 0.63. The firm has a market capitalization of $10.02 billion, a price-to-earnings ratio of 23.33, a price-to-earnings-growth ratio of 3.95 and a beta of 0.80. American Homes 4 Rent has a fifty-two week low of $27.22 and a fifty-two week high of $39.49. The stock’s fifty day moving average is $30.43 and its two-hundred day moving average is $31.64.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings results on Thursday, February 19th. The real estate investment trust reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.14). The firm had revenue of $402.93 million during the quarter, compared to analysts’ expectations of $459.24 million. American Homes 4 Rent had a net margin of 24.48% and a return on equity of 5.93%. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.45 EPS. American Homes 4 Rent has set its FY 2026 guidance at 1.890-1.950 EPS. 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. Shareholders of record on Friday, March 13th will be issued a dividend of $0.33 per share. This is an increase from American Homes 4 Rent’s previous quarterly dividend of $0.30. The ex-dividend date is Friday, March 13th. This represents a $1.32 annualized dividend and a yield of 4.8%. American Homes 4 Rent’s payout ratio is 111.86%.

Insider Transactions at American Homes 4 Rent

In other American Homes 4 Rent news, Director David Goldberg purchased 2,000 shares of the stock in a transaction dated Tuesday, March 3rd. The shares were acquired at an average cost of $29.30 per share, for a total transaction of $58,600.00. Following the completion of the transaction, the director directly owned 36,723 shares of the company’s stock, valued at $1,075,983.90. This trade represents a 5.76% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Douglas N. Benham acquired 1,571 shares of the company’s stock in a transaction dated Wednesday, February 25th. The shares were acquired at an average cost of $24.00 per share, with a total value of $37,704.00. Following the completion of the purchase, the director owned 43,517 shares in the company, valued at approximately $1,044,408. This represents a 3.75% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have acquired 6,771 shares of company stock valued at $183,684. 6.01% of the stock is currently owned by company insiders.

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.