Legal & General Group Plc Has $79.40 Million Holdings in American Homes 4 Rent $AMH

Legal & General Group Plc increased its stake in shares of American Homes 4 Rent (NYSE:AMH) by 12.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,473,478 shares of the real estate investment trust’s stock after purchasing an additional 271,107 shares during the period. Legal & General Group Plc’s holdings in American Homes 4 Rent were worth $79,399,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in American Homes 4 Rent by 0.6% during the third quarter. Vanguard Group Inc. now owns 44,715,728 shares of the real estate investment trust’s stock worth $1,486,798,000 after acquiring an additional 246,713 shares in the last quarter. State Street Corp lifted its holdings in American Homes 4 Rent by 2.2% during the third quarter. State Street Corp now owns 18,424,196 shares of the real estate investment trust’s stock worth $612,605,000 after acquiring an additional 399,894 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in American Homes 4 Rent by 8.7% during the fourth quarter. Principal Financial Group Inc. now owns 15,810,964 shares of the real estate investment trust’s stock worth $507,532,000 after acquiring an additional 1,260,717 shares in the last quarter. Centersquare Investment Management LLC lifted its holdings in American Homes 4 Rent by 25.9% during the third quarter. Centersquare Investment Management LLC now owns 5,271,280 shares of the real estate investment trust’s stock worth $175,270,000 after acquiring an additional 1,082,972 shares in the last quarter. Finally, Duff & Phelps Investment Management Co. lifted its holdings in American Homes 4 Rent by 8.2% during the fourth quarter. Duff & Phelps Investment Management Co. now owns 4,556,397 shares of the real estate investment trust’s stock worth $146,260,000 after acquiring an additional 346,960 shares in the last quarter. 91.87% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Jack E. Corrigan purchased 2,041 shares of the business’s stock in a transaction dated Monday, May 18th. The shares were bought at an average cost of $23.53 per share, for a total transaction of $48,024.73. Following the completion of the acquisition, the director directly owned 17,000 shares in the company, valued at approximately $400,010. This trade represents a 13.64% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Douglas N. Benham purchased 1,200 shares of the business’s stock in a transaction dated Monday, March 2nd. The stock was purchased at an average price of $24.20 per share, for a total transaction of $29,040.00. Following the completion of the acquisition, the director owned 44,717 shares of the company’s stock, valued at approximately $1,082,151.40. This represents a 2.76% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have bought a total of 8,200 shares of company stock worth $204,664 over the last three months. Corporate insiders own 5.70% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Barclays lifted their target price on American Homes 4 Rent from $31.00 to $32.00 and gave the stock an “equal weight” rating in a report on Monday, April 27th. Wells Fargo & Company reduced 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. Royal Bank Of Canada lifted their target price on American Homes 4 Rent from $34.00 to $35.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Citizens Jmp reduced their target price on American Homes 4 Rent from $41.00 to $37.00 and set a “market outperform” rating on the stock in a report on Monday, February 23rd. Finally, Keefe, Bruyette & Woods lifted their target price on American Homes 4 Rent from $35.00 to $36.00 and gave the stock an “outperform” rating in a report on Tuesday, May 12th. Nine research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, American Homes 4 Rent presently has a consensus rating of “Hold” and an average target price of $34.97.

American Homes 4 Rent Stock Performance

Shares of American Homes 4 Rent stock opened at $32.09 on Friday. The firm has a market cap of $11.57 billion, a price-to-earnings ratio of 26.09, a price-to-earnings-growth ratio of 4.21 and a beta of 0.82. The stock’s 50-day moving average is $30.36 and its 200-day moving average is $30.86. American Homes 4 Rent has a one year low of $27.22 and a one year high of $38.01. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.57 and a quick ratio of 0.57.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $0.48 EPS for the quarter, beating analysts’ consensus estimates 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 company’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the previous 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. Equities analysts predict that American Homes 4 Rent will post 1.93 earnings per share for the current fiscal year.

American Homes 4 Rent Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Monday, June 15th. American Homes 4 Rent’s payout ratio is 107.32%.

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.