51,838 Shares in American Homes 4 Rent $AMH Acquired by Cookson Peirce & Co. Inc.

Cookson Peirce & Co. Inc. acquired a new stake in shares of American Homes 4 Rent (NYSE:AMH) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 51,838 shares of the real estate investment trust’s stock, valued at approximately $1,738,000.

Other hedge funds have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in American Homes 4 Rent during the fourth quarter valued at approximately $710,672,000. Principal Financial Group Inc. boosted its holdings in shares of American Homes 4 Rent by 19.8% during 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 during the last quarter. State Street Corp grew its holdings in American Homes 4 Rent by 2.2% during the 3rd quarter. State Street Corp now owns 18,424,196 shares of the real estate investment trust’s stock valued at $612,605,000 after buying an additional 399,894 shares in the last quarter. Geode Capital Management LLC raised its stake 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 purchasing an additional 161,676 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of American Homes 4 Rent by 30.1% during the 4th 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 in the last quarter. 91.87% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Jack E. Corrigan bought 6,000 shares of the firm’s stock in a transaction dated Monday, August 24th. The shares were acquired at an average price of $22.42 per share, for a total transaction of $134,520.00. Following the completion of the transaction, the director directly owned 22,000 shares in the company, valued at $493,240. The trade was a 37.50% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 5.70% of the company’s stock.

American Homes 4 Rent Price Performance

Shares of NYSE AMH opened at $33.54 on Friday. The stock has a market capitalization of $12.09 billion, a price-to-earnings ratio of 26.62, a PEG ratio of 6.01 and a beta of 0.79. American Homes 4 Rent has a 12 month low of $27.22 and a 12 month high of $35.85. The firm’s 50 day simple moving average is $33.78 and its 200-day simple moving average is $31.73. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.59 and a quick ratio of 0.59.

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

American Homes 4 Rent Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Keefe, Bruyette & Woods lifted their price target on shares of American Homes 4 Rent from $36.00 to $38.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. JPMorgan Chase & Co. increased their price objective on American Homes 4 Rent from $35.00 to $38.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 19th. Raymond James Financial upgraded 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. Weiss Ratings restated a “hold (c)” rating on shares of American Homes 4 Rent in a research note on Monday, August 17th. Finally, Wells Fargo & Company lifted their price objective on American Homes 4 Rent from $36.00 to $38.00 and gave the company an “overweight” rating in a report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $36.83.

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.