Norges Bank Invests $710.67 Million in American Homes 4 Rent $AMH

Norges Bank acquired a new position in shares of American Homes 4 Rent (NYSE:AMH) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 22,139,313 shares of the real estate investment trust’s stock, valued at approximately $710,672,000. Norges Bank owned about 0.06% of American Homes 4 Rent as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Eurizon Capital SGR S.p.A. purchased a new position in American Homes 4 Rent in the fourth quarter valued at $1,878,000. National Pension Service increased its holdings in American Homes 4 Rent by 49.5% in the fourth quarter. National Pension Service now owns 18,274 shares of the real estate investment trust’s stock valued at $587,000 after buying an additional 6,052 shares during the last quarter. Rothschild Investment LLC increased its holdings in American Homes 4 Rent by 473.9% in the fourth quarter. Rothschild Investment LLC now owns 1,848 shares of the real estate investment trust’s stock valued at $59,000 after buying an additional 1,526 shares during the last quarter. Geode Capital Management LLC increased its holdings in American Homes 4 Rent by 2.2% in 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 last quarter. Finally, Valued Retirements Inc. purchased a new position in American Homes 4 Rent in the fourth quarter valued at $212,000. Hedge funds and other institutional investors own 91.87% of the company’s stock.

Insider Activity

In other news, Director Jack E. Corrigan acquired 2,041 shares of the company’s stock in a transaction on Monday, May 18th. The shares were bought 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 $400,010. This trade represents a 13.64% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director David Goldberg acquired 2,000 shares of the company’s stock in a transaction on Tuesday, March 3rd. The shares were purchased at an average cost of $29.30 per share, for a total transaction of $58,600.00. Following the acquisition, the director owned 36,723 shares of the company’s stock, valued at approximately $1,075,983.90. The trade was a 5.76% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have acquired 7,000 shares of company stock worth $175,624. Corporate insiders own 5.70% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Weiss Ratings raised American Homes 4 Rent from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 20th. Barclays increased their target price on American Homes 4 Rent from $31.00 to $32.00 and gave the company an “equal weight” rating in a report on Monday, April 27th. Mizuho dropped their target price on American Homes 4 Rent from $32.00 to $29.00 and set a “neutral” rating on the stock in a report on Friday, March 13th. Wells Fargo & Company dropped their target price on American Homes 4 Rent from $37.00 to $34.00 and set an “overweight” rating on the stock in a report on Thursday, March 5th. Finally, Compass Point assumed coverage on American Homes 4 Rent in a report on Tuesday, April 28th. They issued a “buy” rating and a $37.50 target price on the stock. Nine equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $34.97.

American Homes 4 Rent Stock Performance

Shares of AMH stock opened at $32.09 on Monday. The stock’s 50-day moving average is $30.36 and its two-hundred day moving average is $30.85. The firm has a market cap of $11.57 billion, a price-to-earnings ratio of 26.09, a PEG ratio of 4.22 and a beta of 0.81. American Homes 4 Rent has a 1 year low of $27.22 and a 1 year high of $38.01. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.57 and a current ratio of 0.57.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.30. The company had revenue of $472.02 million for the quarter, compared to analyst estimates of $470.62 million. American Homes 4 Rent had a return on equity of 6.08% and a net margin of 25.27%.The business’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.46 earnings per share. American Homes 4 Rent has set its FY 2026 guidance at 1.890-1.950 EPS. Analysts predict that American Homes 4 Rent will post 1.93 earnings per share for the current year.

American Homes 4 Rent Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.32 annualized dividend and a dividend yield of 4.1%. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 107.32%.

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.