Algebris UK Ltd. Invests $34.17 Million in American Homes 4 Rent $AMH

Algebris UK Ltd. bought a new position in American Homes 4 Rent (NYSE:AMH) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 1,063,875 shares of the real estate investment trust’s stock, valued at approximately $34,166,000. American Homes 4 Rent accounts for 1.6% of Algebris UK Ltd.’s holdings, making the stock its 15th biggest holding.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. AE Wealth Management LLC lifted its position in shares of American Homes 4 Rent by 7.3% in the 3rd quarter. AE Wealth Management LLC now owns 6,149 shares of the real estate investment trust’s stock worth $204,000 after purchasing an additional 418 shares during the period. Assetmark Inc. lifted its position in shares of American Homes 4 Rent by 21.6% in the 3rd quarter. Assetmark Inc. now owns 2,360 shares of the real estate investment trust’s stock worth $78,000 after purchasing an additional 420 shares during the period. IFP Advisors Inc lifted its position in shares of American Homes 4 Rent by 122.2% in the 4th quarter. IFP Advisors Inc now owns 802 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 441 shares during the period. Parallel Advisors LLC lifted its position in shares of American Homes 4 Rent by 84.8% in the 3rd quarter. Parallel Advisors LLC now owns 963 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 442 shares during the period. Finally, Evergreen Capital Management LLC lifted its position in shares of American Homes 4 Rent by 5.6% in the 4th quarter. Evergreen Capital Management LLC now owns 8,767 shares of the real estate investment trust’s stock worth $281,000 after purchasing an additional 468 shares during the period. 91.87% of the stock is owned by hedge funds and other institutional investors.

American Homes 4 Rent Trading Up 1.5%

Shares of NYSE AMH opened at $32.18 on Thursday. American Homes 4 Rent has a 1 year low of $27.22 and a 1 year high of $38.76. The stock has a market cap of $11.60 billion, a P/E ratio of 26.16, a price-to-earnings-growth ratio of 4.17 and a beta of 0.82. The firm has a 50-day moving average of $29.88 and a 200 day moving average of $30.84. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.57 and a quick ratio of 0.57.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.30. American Homes 4 Rent had a net margin of 25.27% and a return on equity of 6.08%. The company had revenue of $472.02 million during the quarter, compared to analysts’ expectations of $470.62 million. During the same period last year, the company posted $0.46 EPS. American Homes 4 Rent’s revenue was up 2.8% on a year-over-year basis. American Homes 4 Rent has set its FY 2026 guidance at 1.890-1.950 EPS. As a group, sell-side analysts expect that American Homes 4 Rent will post 1.93 EPS for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.32 annualized dividend and a yield of 4.1%. American Homes 4 Rent’s payout ratio is 107.32%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Citizens Jmp dropped their target price on shares of American Homes 4 Rent from $41.00 to $37.00 and set a “market outperform” rating for the company in a research report on Monday, February 23rd. Royal Bank Of Canada raised 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 research report on Friday, May 8th. Compass Point started coverage on shares of American Homes 4 Rent in a research report on Tuesday, April 28th. They set a “buy” rating and a $37.50 price target for the company. Scotiabank lowered their price target on shares of American Homes 4 Rent from $33.00 to $31.00 and set a “sector perform” rating for the company in a research report on Wednesday, March 4th. Finally, Morgan Stanley lowered their price target on shares of American Homes 4 Rent from $40.00 to $39.00 and set an “overweight” rating for the company in a research report on Monday, March 9th. Nine analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, American Homes 4 Rent has an average rating of “Hold” and a consensus price target of $34.94.

Insiders Place Their Bets

In other news, Director David Goldberg bought 2,000 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The stock was acquired at an average cost of $29.30 per share, with a total value of $58,600.00. Following the completion of the acquisition, the director owned 36,723 shares of the company’s stock, valued at approximately $1,075,983.90. This represents a 5.76% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jack E. Corrigan bought 2,041 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was purchased at an average cost of $23.53 per share, with a total value of $48,024.73. Following the completion of the acquisition, the director directly 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 disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders bought 11,771 shares of company stock valued at $300,708. 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.