Gallacher Capital Management LLC Invests $419,000 in American Homes 4 Rent $AMH

Gallacher Capital Management LLC bought a new position in shares of American Homes 4 Rent (NYSE:AMH) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 14,995 shares of the real estate investment trust’s stock, valued at approximately $419,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in American Homes 4 Rent in the fourth quarter worth approximately $710,672,000. Bank of Montreal Can increased its position in shares of American Homes 4 Rent by 3,526.2% in the 4th quarter. Bank of Montreal Can now owns 4,599,850 shares of the real estate investment trust’s stock valued at $147,655,000 after purchasing an additional 4,472,998 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of American Homes 4 Rent by 19.8% in the 1st quarter. Principal Financial Group Inc. now owns 18,937,398 shares of the real estate investment trust’s stock valued at $528,736,000 after purchasing an additional 3,126,434 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of American Homes 4 Rent by 1,299.8% in the 4th quarter. AQR Capital Management LLC now owns 3,112,624 shares of the real estate investment trust’s stock valued at $99,915,000 after purchasing an additional 2,890,263 shares in the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC lifted its position in shares of American Homes 4 Rent by 104.4% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 4,850,171 shares of the real estate investment trust’s stock worth $155,690,000 after purchasing an additional 2,477,585 shares during the last quarter. Institutional investors and hedge funds own 91.87% of the company’s stock.

American Homes 4 Rent Trading Down 0.8%

NYSE AMH opened at $34.05 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.57 and a quick ratio of 0.57. The firm’s fifty day moving average price is $32.74 and its 200 day moving average price is $31.22. The company has a market capitalization of $12.28 billion, a price-to-earnings ratio of 27.69, a price-to-earnings-growth ratio of 4.63 and a beta of 0.79. American Homes 4 Rent has a 12 month low of $27.22 and a 12 month high of $36.86.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $0.48 earnings per share 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 firm had revenue of $472.02 million during the quarter, compared to analysts’ expectations of $470.62 million. During the same period in the previous year, the company earned $0.46 earnings per share. American Homes 4 Rent’s quarterly revenue was up 2.8% compared to the same quarter last year. American Homes 4 Rent has set its FY 2026 guidance at 1.890-1.950 EPS. On average, sell-side analysts expect that American Homes 4 Rent will post 1.88 earnings per share for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were given a dividend of $0.33 per share. The ex-dividend date 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 payout ratio is 107.32%.

Insider Buying and Selling at American Homes 4 Rent

In other news, Director Jack E. Corrigan bought 2,041 shares of the firm’s 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 transaction, the director directly owned 17,000 shares in the company, valued at $400,010. This trade represents a 13.64% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders bought 5,000 shares of company stock valued at $117,024. 5.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on AMH shares. Mizuho increased their target price on American Homes 4 Rent from $29.00 to $35.00 and gave the company a “neutral” rating in a report on Wednesday, June 17th. Deutsche Bank Aktiengesellschaft set a $39.00 price target on American Homes 4 Rent in a report on Friday, June 26th. Royal Bank Of Canada upped their price objective 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. Scotiabank increased their price objective on American Homes 4 Rent from $32.00 to $33.00 and gave the company a “sector perform” rating in a report on Thursday, June 18th. Finally, Jefferies Financial Group raised American Homes 4 Rent to a “strong-buy” rating in a research report on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $36.47.

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.