American Homes 4 Rent $AMH Shares Bought by Pacer Advisors Inc.

Pacer Advisors Inc. lifted its position in shares of American Homes 4 Rent (NYSE:AMH) by 608,877.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 54,808 shares of the real estate investment trust’s stock after buying an additional 54,799 shares during the quarter. Pacer Advisors Inc.’s holdings in American Homes 4 Rent were worth $1,822,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of AMH. Norges Bank acquired a new stake in American Homes 4 Rent during the second quarter worth approximately $796,706,000. First Trust Advisors LP lifted its stake in shares of American Homes 4 Rent by 2,035.9% during the 2nd quarter. First Trust Advisors LP now owns 1,129,609 shares of the real estate investment trust’s stock worth $40,745,000 after purchasing an additional 1,076,722 shares during the period. Alyeska Investment Group L.P. boosted its holdings in shares of American Homes 4 Rent by 50.6% during the first quarter. Alyeska Investment Group L.P. now owns 2,995,393 shares of the real estate investment trust’s stock worth $113,256,000 after purchasing an additional 1,006,133 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of American Homes 4 Rent by 21.8% in the first quarter. Goldman Sachs Group Inc. now owns 3,883,018 shares of the real estate investment trust’s stock valued at $146,817,000 after purchasing an additional 695,500 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in American Homes 4 Rent by 849.8% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 603,038 shares of the real estate investment trust’s stock valued at $21,752,000 after purchasing an additional 539,548 shares during the last quarter. Hedge funds and other institutional investors own 91.87% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Weiss Ratings reissued a “hold (c)” rating on shares of American Homes 4 Rent in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods upgraded shares of American Homes 4 Rent from a “market perform” rating to an “outperform” rating and set a $37.00 price objective on the stock in a report on Monday, December 15th. Mizuho decreased their target price on shares of American Homes 4 Rent from $36.00 to $34.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 21st. Evercore ISI dropped their price target on shares of American Homes 4 Rent from $40.00 to $39.00 and set an “outperform” rating for the company in a research report on Friday, October 31st. Finally, The Goldman Sachs Group set a $37.00 price target on shares of American Homes 4 Rent in a report on Monday, December 15th. Nine analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $38.14.

Insider Activity

In related news, Director Douglas N. Benham acquired 1,000 shares of American Homes 4 Rent stock in a transaction on Wednesday, November 19th. The shares were bought at an average price of $31.65 per share, for a total transaction of $31,650.00. Following the completion of the purchase, the director directly owned 7,991 shares in the company, valued at $252,915.15. This trade represents a 14.30% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jack E. Corrigan bought 5,000 shares of the firm’s stock in a transaction dated Tuesday, December 9th. The stock was bought at an average cost of $22.96 per share, with a total value of $114,800.00. Following the transaction, the director directly owned 17,300 shares of the company’s stock, valued at approximately $397,208. This trade represents a 40.65% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 6.32% of the company’s stock.

American Homes 4 Rent Trading Down 0.2%

Shares of AMH stock opened at $32.15 on Thursday. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.62. American Homes 4 Rent has a fifty-two week low of $30.11 and a fifty-two week high of $39.49. The firm’s 50 day moving average price is $31.82 and its two-hundred day moving average price is $33.69. The stock has a market cap of $11.93 billion, a price-to-earnings ratio of 27.25, a price-to-earnings-growth ratio of 3.03 and a beta of 0.80.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.01. American Homes 4 Rent had a net margin of 24.70% and a return on equity of 5.90%. The company had revenue of $478.46 million during the quarter, compared to analyst estimates of $475.75 million. During the same quarter in the prior year, the business earned $0.44 earnings per share. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. American Homes 4 Rent has set its FY 2025 guidance at 1.860-1.88 EPS. On average, analysts anticipate that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were given a $0.30 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $1.20 annualized dividend and a yield of 3.7%. American Homes 4 Rent’s dividend payout ratio (DPR) is 101.69%.

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.