Gallacher Capital Management LLC Purchases New Shares in American Homes 4 Rent $AMH

Gallacher Capital Management LLC acquired a new position in shares of American Homes 4 Rent (NYSE:AMH) during the 1st quarter, Holdings Channel.com reports. The fund acquired 14,995 shares of the real estate investment trust’s stock, valued at approximately $419,000.

Other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of American Homes 4 Rent in the fourth quarter valued at about $710,672,000. Principal Financial Group Inc. grew its holdings 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 worth $528,736,000 after buying an additional 3,126,434 shares during the last quarter. State Street Corp increased its position in American Homes 4 Rent by 2.2% in 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 acquiring an additional 399,894 shares during the period. Geode Capital Management LLC increased its position in American Homes 4 Rent by 2.2% in the 4th 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 acquiring an additional 161,676 shares during the period. Finally, Invesco Ltd. raised its stake in 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 acquiring an additional 1,425,912 shares during the last quarter. 91.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on the company. BMO Capital Markets raised American Homes 4 Rent from a “market perform” rating to an “outperform” rating and set a $39.00 price objective for the company in a research report on Friday, June 26th. Royal Bank Of Canada boosted their target price on American Homes 4 Rent from $34.00 to $35.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Compass Point started coverage on American Homes 4 Rent in a research note on Tuesday, April 28th. They set a “buy” rating and a $37.50 price target for the company. Scotiabank upped their price target on American Homes 4 Rent from $32.00 to $33.00 and gave the stock a “sector perform” rating in a research note on Thursday, June 18th. Finally, UBS Group increased their price target on American Homes 4 Rent from $32.00 to $35.00 and gave the stock a “neutral” rating in a report on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $36.47.

American Homes 4 Rent Price Performance

American Homes 4 Rent stock opened at $34.05 on Friday. American Homes 4 Rent has a one year low of $27.22 and a one year high of $36.86. 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 business has a fifty day moving average of $32.74 and a two-hundred day moving average of $31.22. The company has a market cap of $12.28 billion, a P/E ratio of 27.69, a price-to-earnings-growth ratio of 4.63 and a beta of 0.79.

American Homes 4 Rent (NYSE:AMH) last issued its earnings results on Wednesday, May 6th. The real estate investment trust reported $0.48 EPS for the quarter, topping the consensus estimate 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 company had revenue of $472.02 million for the quarter, compared to analyst estimates of $470.62 million. During the same period in the previous year, the firm earned $0.46 EPS. The business’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. As a group, analysts predict that American Homes 4 Rent will post 1.88 earnings per share for the current fiscal year.

American Homes 4 Rent Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.32 dividend on an annualized basis and a yield of 3.9%. American Homes 4 Rent’s payout ratio is currently 107.32%.

Insider Buying and Selling

In related news, Director Jack E. Corrigan acquired 2,041 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The shares were purchased at an average price of $23.53 per share, with a total value of $48,024.73. Following the completion of the acquisition, 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 document filed with the SEC, which is available through this hyperlink. Insiders have bought a total of 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 Company 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.