Picton Mahoney Asset Management Invests $949,000 in American Homes 4 Rent $AMH

Picton Mahoney Asset Management bought a new stake in shares of American Homes 4 Rent (NYSE:AMH) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 28,556 shares of the real estate investment trust’s stock, valued at approximately $949,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Jones Financial Companies Lllp boosted its position in shares of American Homes 4 Rent by 1,103.6% during the 1st quarter. Jones Financial Companies Lllp now owns 13,047 shares of the real estate investment trust’s stock worth $493,000 after purchasing an additional 11,963 shares in the last quarter. AlphaQuest LLC acquired a new position in American Homes 4 Rent during the 2nd quarter worth approximately $33,000. Envestnet Asset Management Inc. boosted its holdings in American Homes 4 Rent by 9.1% in the second quarter. Envestnet Asset Management Inc. now owns 406,932 shares of the real estate investment trust’s stock worth $14,635,000 after acquiring an additional 34,073 shares in the last quarter. Hantz Financial Services Inc. grew its stake 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 valued at $30,000 after acquiring an additional 747 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of American Homes 4 Rent by 2.9% during the second quarter. Bank of New York Mellon Corp now owns 3,043,364 shares of the real estate investment trust’s stock valued at $109,774,000 after acquiring an additional 86,735 shares in the last quarter. 91.87% of the stock is owned by institutional investors.

American Homes 4 Rent Stock Performance

Shares of AMH opened at $29.94 on Friday. American Homes 4 Rent has a 1 year low of $28.84 and a 1 year high of $39.49. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.63 and a quick ratio of 0.63. The stock’s fifty day moving average price is $31.15 and its two-hundred day moving average price is $32.21. The firm has a market cap of $10.89 billion, a PE ratio of 25.37, a PEG ratio of 4.29 and a beta of 0.80.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings data on Thursday, February 19th. The real estate investment trust reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.14). American Homes 4 Rent had a return on equity of 5.93% and a net margin of 24.48%.The firm had revenue of $402.93 million during the quarter, compared to analysts’ expectations of $459.24 million. During the same period last year, the business posted $0.45 EPS. The company’s revenue was up 4.2% compared to the same quarter last year. American Homes 4 Rent has set its FY 2026 guidance at 1.890-1.950 EPS. On average, equities research analysts forecast that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Increases Dividend

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

Insiders Place Their Bets

In other news, Director Douglas N. Benham acquired 1,571 shares of the business’s stock in a transaction dated Wednesday, February 25th. The stock was bought at an average cost of $24.00 per share, for a total transaction of $37,704.00. Following the completion of the transaction, the director owned 43,517 shares of the company’s stock, valued at $1,044,408. The trade was a 3.75% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jack E. Corrigan bought 5,000 shares of the firm’s stock in a transaction that occurred on 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 trade represents a 40.65% increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased a total of 9,771 shares of company stock worth $239,884 in the last quarter. 6.32% of the stock is owned by company insiders.

Analysts Set New Price Targets

AMH has been the topic of a number of recent research reports. Wells Fargo & Company cut 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. Weiss Ratings restated a “hold (c)” rating on shares of American Homes 4 Rent in a research note on Wednesday, January 21st. Wall Street Zen downgraded shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Sunday, January 18th. Keefe, Bruyette & Woods dropped their price objective on shares of American Homes 4 Rent from $37.00 to $35.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 25th. Finally, Barclays reduced their price objective on shares of American Homes 4 Rent from $33.00 to $31.00 and set an “equal weight” rating for the company in a report on Friday. Seven investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $35.78.

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.