Tobam Invests $656,000 in American Homes 4 Rent $AMH

Tobam bought a new position in American Homes 4 Rent (NYSE:AMH) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 20,431 shares of the real estate investment trust’s stock, valued at approximately $656,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in AMH. Wilmington Savings Fund Society FSB boosted 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 worth $25,000 after buying an additional 751 shares in the last quarter. IFP Advisors Inc increased its holdings in shares of 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 valued at $26,000 after buying an additional 441 shares in the last quarter. True Wealth Design LLC increased its holdings in shares of American Homes 4 Rent by 230.8% in the fourth quarter. True Wealth Design LLC now owns 827 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 577 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of American Homes 4 Rent by 84.8% during the 3rd 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. Finally, Prosperity Bancshares Inc acquired a new stake in shares of American Homes 4 Rent during the 4th quarter valued at $35,000. 91.87% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Morgan Stanley decreased their target price on American Homes 4 Rent from $39.00 to $38.50 and set an “overweight” rating on the stock in a report on Wednesday, May 27th. Raymond James Financial raised American Homes 4 Rent from a “market perform” rating to an “outperform” rating and set a $35.00 target price for the company in a report on Monday, May 18th. Keefe, Bruyette & Woods increased their price target on American Homes 4 Rent from $35.00 to $36.00 and gave the company an “outperform” rating in a research report on Tuesday, May 12th. Wall Street Zen raised American Homes 4 Rent from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on American Homes 4 Rent from $34.00 to $30.00 and set a “hold” rating on the stock in a report on Friday, March 20th. Nine equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, American Homes 4 Rent currently has a consensus rating of “Hold” and an average price target of $35.58.

Insiders Place Their Bets

In other American Homes 4 Rent news, Director Jack E. Corrigan acquired 2,041 shares of American Homes 4 Rent stock in a transaction that occurred 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 purchase, the director owned 17,000 shares in the company, valued at approximately $400,010. The trade was a 13.64% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders acquired 5,000 shares of company stock worth $117,024 over the last quarter. 5.70% of the stock is currently owned by insiders.

American Homes 4 Rent Trading Down 0.0%

American Homes 4 Rent stock opened at $31.70 on Friday. American Homes 4 Rent has a 52 week low of $27.22 and a 52 week high of $37.06. 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 firm has a market capitalization of $11.43 billion, a price-to-earnings ratio of 25.77, a P/E/G ratio of 4.28 and a beta of 0.81. The company has a 50 day moving average price of $31.67 and a 200 day moving average price of $30.92.

American Homes 4 Rent (NYSE:AMH) last announced its earnings results 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 company 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 was up 2.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.46 EPS. American Homes 4 Rent has set its FY 2026 guidance at 1.890-1.950 EPS. Research analysts forecast that American Homes 4 Rent will post 1.89 EPS for the current year.

American Homes 4 Rent Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Monday, June 15th. American Homes 4 Rent’s 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.