Hsbc Holdings PLC Increases Stake in American Homes 4 Rent $AMH

Hsbc Holdings PLC lifted its position in American Homes 4 Rent (NYSE:AMH) by 10.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 830,070 shares of the real estate investment trust’s stock after acquiring an additional 80,256 shares during the quarter. Hsbc Holdings PLC owned 0.23% of American Homes 4 Rent worth $27,881,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in AMH. Norges Bank bought a new stake in shares of American Homes 4 Rent in the 4th quarter valued at about $710,672,000. Principal Financial Group Inc. boosted its stake in shares of American Homes 4 Rent by 19.8% during the first 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. State Street Corp boosted its stake in shares of American Homes 4 Rent by 2.2% during the third quarter. State Street Corp now owns 18,424,196 shares of the real estate investment trust’s stock valued at $612,605,000 after purchasing an additional 399,894 shares in the last quarter. Geode Capital Management LLC increased its holdings in American Homes 4 Rent by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 7,355,760 shares of the real estate investment trust’s stock valued at $235,572,000 after buying an additional 161,676 shares during the period. Finally, Invesco Ltd. increased its holdings in American Homes 4 Rent by 30.1% during the fourth quarter. Invesco Ltd. now owns 6,161,646 shares of the real estate investment trust’s stock valued at $197,789,000 after buying an additional 1,425,912 shares during the period. 91.87% of the stock is owned by hedge funds and other institutional investors.

American Homes 4 Rent Trading Down 2.2%

NYSE AMH opened at $33.42 on Friday. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.69. The firm has a market cap of $12.05 billion, a PE ratio of 26.53, a price-to-earnings-growth ratio of 6.12 and a beta of 0.79. The company has a 50 day moving average price of $33.74 and a 200 day moving average price of $31.72. American Homes 4 Rent has a 52 week low of $27.22 and a 52 week high of $35.85.

American Homes 4 Rent (NYSE:AMH) last posted its earnings results on Thursday, July 30th. The real estate investment trust reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.13. The company had revenue of $470.10 million during the quarter, compared to analysts’ expectations of $466.51 million. American Homes 4 Rent had a net margin of 25.53% and a return on equity of 6.25%. American Homes 4 Rent’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.47 earnings per share. American Homes 4 Rent has set its FY 2026 guidance at 1.930-1.970 EPS. As a group, sell-side analysts forecast that American Homes 4 Rent will post 1.9 EPS for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Tuesday, September 15th. American Homes 4 Rent’s dividend payout ratio is currently 104.76%.

Insider Buying and Selling at American Homes 4 Rent

In other American Homes 4 Rent news, Director Jack E. Corrigan acquired 6,000 shares of the stock in a transaction dated Monday, August 24th. The stock was purchased at an average price of $22.42 per share, with a total value of $134,520.00. Following the transaction, the director directly owned 22,000 shares of the company’s stock, valued at $493,240. This trade represents a 37.50% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 5.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on AMH shares. Keefe, Bruyette & Woods upped their target price on American Homes 4 Rent from $36.00 to $38.00 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. UBS Group lifted their price target on American Homes 4 Rent from $32.00 to $35.00 and gave the company a “neutral” rating in a report on Wednesday, July 8th. BMO Capital Markets raised American Homes 4 Rent from a “market perform” rating to an “outperform” rating and set a $39.00 price target for the company in a research report on Friday, June 26th. Wall Street Zen upgraded American Homes 4 Rent from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Homes 4 Rent in a research report on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.83.

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.