Burgundy Asset Management Ltd. Has $152.55 Million Position in American Homes 4 Rent $AMH

Burgundy Asset Management Ltd. cut its stake in American Homes 4 Rent (NYSE:AMH) by 0.5% during the third quarter, HoldingsChannel reports. The fund owned 4,258,875 shares of the real estate investment trust’s stock after selling 21,272 shares during the quarter. American Homes 4 Rent comprises approximately 1.4% of Burgundy Asset Management Ltd.’s holdings, making the stock its 27th biggest position. Burgundy Asset Management Ltd.’s holdings in American Homes 4 Rent were worth $152,553,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Jones Financial Companies Lllp grew its stake in American Homes 4 Rent by 1,103.6% in the first quarter. Jones Financial Companies Lllp now owns 13,047 shares of the real estate investment trust’s stock valued at $493,000 after purchasing an additional 11,963 shares in the last quarter. AlphaQuest LLC acquired a new stake in shares of American Homes 4 Rent during the 2nd quarter valued at about $33,000. Envestnet Asset Management Inc. grew its stake in shares of American Homes 4 Rent by 9.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 406,932 shares of the real estate investment trust’s stock valued at $14,635,000 after buying an additional 34,073 shares in the last quarter. Hantz Financial Services Inc. increased its holdings in American Homes 4 Rent by 922.2% in the second quarter. Hantz Financial Services Inc. now owns 828 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 747 shares during the last quarter. Finally, Simon Quick Advisors LLC acquired a new position in American Homes 4 Rent in the second quarter worth approximately $224,000. 91.87% of the stock is currently owned by hedge funds and other institutional investors.

American Homes 4 Rent Stock Up 0.7%

AMH opened at $30.05 on Thursday. The business has a 50 day moving average of $31.23 and a 200-day moving average of $32.26. The stock has a market capitalization of $10.93 billion, a price-to-earnings ratio of 25.47, a P/E/G ratio of 4.26 and a beta of 0.80. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.66. American Homes 4 Rent has a 1-year low of $28.84 and a 1-year high of $39.49.

American Homes 4 Rent (NYSE:AMH) last released its earnings results on Thursday, February 19th. The real estate investment trust reported $0.33 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.14). The company had revenue of $402.93 million for the quarter, compared to analyst estimates of $459.24 million. American Homes 4 Rent had a net margin of 24.48% and a return on equity of 5.93%. American Homes 4 Rent’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.45 earnings per share. American Homes 4 Rent has set its FY 2026 guidance at 1.890-1.950 EPS. As a group, sell-side analysts anticipate that American Homes 4 Rent will post 1.85 earnings per share for the current year.

American Homes 4 Rent Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be paid a $0.33 dividend. The ex-dividend date is Friday, March 13th. This is a boost from American Homes 4 Rent’s previous quarterly dividend of $0.30. This represents a $1.32 annualized dividend and a dividend yield of 4.4%. American Homes 4 Rent’s dividend payout ratio is 101.69%.

Insider Buying and Selling

In other news, Director Douglas N. Benham purchased 1,200 shares of the business’s stock in a transaction on Monday, March 2nd. The stock was purchased at an average price of $24.20 per share, with a total value of $29,040.00. Following the acquisition, the director directly owned 44,717 shares in the company, valued at approximately $1,082,151.40. The trade was a 2.76% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jack E. Corrigan acquired 5,000 shares of the firm’s stock in a transaction dated Tuesday, December 9th. The shares were purchased at an average cost of $22.96 per share, for a total transaction of $114,800.00. Following the acquisition, the director directly owned 17,300 shares in the company, valued at $397,208. This represents a 40.65% increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought a total of 9,771 shares of company stock valued at $239,884 over the last three months. 6.32% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. The Goldman Sachs Group set a $37.00 target price on shares of American Homes 4 Rent in a research report on Monday, December 15th. UBS Group decreased their price objective on shares of American Homes 4 Rent from $38.00 to $33.00 and set a “neutral” rating for the company in a report on Thursday, January 8th. Raymond James Financial restated a “market perform” rating on shares of American Homes 4 Rent in a report on Friday, February 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of American Homes 4 Rent in a research note on Wednesday, January 21st. Finally, Morgan Stanley cut their price objective on American Homes 4 Rent from $41.00 to $40.00 and set an “overweight” rating on the stock in a research note on Thursday, November 13th. Seven investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, American Homes 4 Rent presently has an average rating of “Hold” and an average target price of $36.09.

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.