American Homes 4 Rent $AMH Shares Purchased by CIBC Asset Management Inc

CIBC Asset Management Inc increased its position in shares of American Homes 4 Rent (NYSE:AMH) by 1,371.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 168,345 shares of the real estate investment trust’s stock after acquiring an additional 156,907 shares during the quarter. CIBC Asset Management Inc’s holdings in American Homes 4 Rent were worth $5,404,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Thrivent Financial for Lutherans boosted its stake in American Homes 4 Rent by 67.6% in the third quarter. Thrivent Financial for Lutherans now owns 125,412 shares of the real estate investment trust’s stock valued at $4,170,000 after acquiring an additional 50,587 shares in the last quarter. 12th Street Asset Management Company LLC boosted its stake in shares of American Homes 4 Rent by 64.3% during the third quarter. 12th Street Asset Management Company LLC now owns 158,081 shares of the real estate investment trust’s stock worth $5,256,000 after buying an additional 61,838 shares during the period. Centersquare Investment Management LLC raised 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 purchasing an additional 1,082,972 shares in the last quarter. Vanguard Group Inc. raised 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 purchasing an additional 246,713 shares in the last quarter. Finally, Aew Capital Management L P raised its holdings in American Homes 4 Rent by 56.0% during the third quarter. Aew Capital Management L P now owns 2,064,622 shares of the real estate investment trust’s stock worth $68,649,000 after purchasing an additional 741,388 shares in the last quarter. Institutional investors and hedge funds own 91.87% of the company’s stock.

Insider Buying and Selling at American Homes 4 Rent

In related news, Director Jack E. Corrigan bought 2,041 shares of the firm’s stock in a transaction dated Monday, May 18th. The stock was bought at an average price of $23.53 per share, with a total value of $48,024.73. Following the completion of the transaction, the director directly owned 17,000 shares of the company’s stock, valued at approximately $400,010. This represents a 13.64% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders bought a total of 5,000 shares of company stock valued at $117,024 over the last ninety days. 5.70% of the stock is owned by corporate insiders.

American Homes 4 Rent Price Performance

Shares of NYSE AMH opened at $33.29 on Friday. American Homes 4 Rent has a 1-year low of $27.22 and a 1-year high of $37.15. The business has a 50-day moving average of $30.86 and a 200-day moving average of $30.88. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.57 and a quick ratio of 0.57. The company has a market capitalization of $12.00 billion, a price-to-earnings ratio of 27.06, a PEG ratio of 4.38 and a beta of 0.81.

American Homes 4 Rent (NYSE:AMH) last issued its earnings results on Wednesday, May 6th. The real estate investment trust reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.30. American Homes 4 Rent had a return on equity of 6.08% and a net margin of 25.27%.The company had revenue of $472.02 million during the quarter, compared to the consensus estimate of $470.62 million. During the same quarter in the prior year, the business earned $0.46 earnings per share. The company’s revenue was up 2.8% 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 analysts anticipate that American Homes 4 Rent will post 1.93 EPS for the current fiscal year.

American Homes 4 Rent Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a $0.33 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.32 annualized dividend and a dividend yield of 4.0%. American Homes 4 Rent’s dividend payout ratio is presently 107.32%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Citigroup dropped their target price on shares of American Homes 4 Rent from $34.50 to $33.50 and set a “neutral” rating for the company in a report on Monday, March 2nd. Scotiabank increased their price target on shares of American Homes 4 Rent from $31.00 to $32.00 and gave the company a “sector perform” rating in a research report on Thursday, May 21st. Compass Point assumed coverage on shares of American Homes 4 Rent in a research report on Tuesday, April 28th. They set a “buy” rating and a $37.50 target price on the stock. Wells Fargo & Company raised their target price on shares of American Homes 4 Rent from $34.00 to $36.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Finally, Keefe, Bruyette & Woods increased their target price on American Homes 4 Rent from $35.00 to $36.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 12th. Nine investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $35.08.

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.