Syon Capital LLC Makes New Investment in American Homes 4 Rent $AMH

Syon Capital LLC bought a new position in American Homes 4 Rent (NYSE:AMH) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 22,708 shares of the real estate investment trust’s stock, valued at approximately $729,000.

Other hedge funds have also added to or reduced their stakes in the company. Assetmark Inc. lifted its holdings in shares of American Homes 4 Rent by 21.6% during the third quarter. Assetmark Inc. now owns 2,360 shares of the real estate investment trust’s stock valued at $78,000 after purchasing an additional 420 shares in the last quarter. IFP Advisors Inc increased its position in American Homes 4 Rent by 122.2% during the fourth quarter. IFP Advisors Inc now owns 802 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 441 shares during the last quarter. Parallel Advisors LLC increased its position 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 valued at $32,000 after acquiring an additional 442 shares during the last quarter. Evergreen Capital Management LLC increased its position in American Homes 4 Rent by 5.6% in the fourth quarter. Evergreen Capital Management LLC now owns 8,767 shares of the real estate investment trust’s stock worth $281,000 after buying an additional 468 shares in the last quarter. Finally, Crossmark Global Holdings Inc. increased its position in American Homes 4 Rent by 2.3% in the third quarter. Crossmark Global Holdings Inc. now owns 21,178 shares of the real estate investment trust’s stock worth $704,000 after buying an additional 469 shares in the last quarter. 91.87% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Jack E. Corrigan purchased 2,041 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The stock was bought at an average cost of $23.53 per share, with a total value of $48,024.73. Following the completion of the purchase, the director owned 17,000 shares in the company, 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 SEC, which is available through this hyperlink. Insiders purchased 5,000 shares of company stock worth $117,024 over the last three months. 5.70% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Citigroup reduced their price target on American Homes 4 Rent from $34.50 to $33.50 and set a “neutral” rating for the company in a research report on Monday, March 2nd. Wells Fargo & Company upped their price target on American Homes 4 Rent from $34.00 to $36.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Mizuho reduced their price target on American Homes 4 Rent from $32.00 to $29.00 and set a “neutral” rating for the company in a research report on Friday, March 13th. Royal Bank Of Canada upped their price target on 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. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on American Homes 4 Rent from $34.00 to $30.00 and set a “hold” rating for the company in a research report on Friday, March 20th. Nine equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, American Homes 4 Rent currently has a consensus rating of “Hold” and a consensus price target of $35.08.

American Homes 4 Rent Stock Performance

NYSE:AMH opened at $33.44 on Wednesday. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.67. American Homes 4 Rent has a 12-month low of $27.22 and a 12-month high of $37.10. The stock has a 50-day moving average price of $31.08 and a 200 day moving average price of $30.89. The stock has a market capitalization of $12.06 billion, a P/E ratio of 27.19, a P/E/G ratio of 4.31 and a beta of 0.81.

American Homes 4 Rent (NYSE:AMH) last released its earnings results on Wednesday, May 6th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.30. American Homes 4 Rent had a return on equity of 6.08% and a net margin of 25.27%.The firm had revenue of $472.02 million during the quarter, compared to analysts’ expectations of $470.62 million. During the same quarter last year, the business posted $0.46 earnings per share. The firm’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. Equities research analysts forecast that American Homes 4 Rent will post 1.93 EPS for the current fiscal year.

American Homes 4 Rent Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.32 dividend on an annualized basis and a yield of 3.9%. American Homes 4 Rent’s dividend payout ratio is presently 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.