Westpac Banking Corp Grows Position in American Homes 4 Rent $AMH

Westpac Banking Corp grew its holdings in American Homes 4 Rent (NYSE:AMH) by 12.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 142,898 shares of the real estate investment trust’s stock after buying an additional 15,485 shares during the period. Westpac Banking Corp’s holdings in American Homes 4 Rent were worth $4,790,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Norges Bank purchased a new position in American Homes 4 Rent in the 4th quarter worth approximately $710,672,000. Principal Financial Group Inc. grew its position in shares of American Homes 4 Rent by 19.8% in the first quarter. Principal Financial Group Inc. now owns 18,937,398 shares of the real estate investment trust’s stock valued at $528,736,000 after purchasing an additional 3,126,434 shares in the last quarter. State Street Corp grew its position in shares of American Homes 4 Rent by 2.2% in the third quarter. State Street Corp now owns 18,424,196 shares of the real estate investment trust’s stock valued at $612,605,000 after purchasing an additional 399,894 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of 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 purchasing an additional 161,676 shares during the last quarter. Finally, Invesco Ltd. lifted its position in American Homes 4 Rent by 30.1% during the fourth quarter. Invesco Ltd. now owns 6,161,646 shares of the real estate investment trust’s stock worth $197,789,000 after buying an additional 1,425,912 shares in the last quarter. 91.87% of the stock is owned by hedge funds and other institutional investors.

American Homes 4 Rent Stock Performance

Shares of American Homes 4 Rent stock opened at $34.36 on Friday. The firm has a market cap of $12.39 billion, a PE ratio of 27.27, a price-to-earnings-growth ratio of 6.16 and a beta of 0.79. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.69. American Homes 4 Rent has a 52 week low of $27.22 and a 52 week high of $35.85. The business’s fifty day simple moving average is $33.57 and its 200-day simple moving average is $31.62.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.13. American Homes 4 Rent had a return on equity of 6.25% and a net margin of 25.53%.The firm had revenue of $470.10 million during the quarter, compared to the consensus estimate of $466.51 million. During the same period last year, the company earned $0.47 EPS. The company’s quarterly revenue was up 2.8% on a year-over-year basis. American Homes 4 Rent has set its FY 2026 guidance at 1.930-1.970 EPS. Equities analysts forecast that American Homes 4 Rent will post 1.9 earnings per share for the current year.

American Homes 4 Rent Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Tuesday, September 15th. American Homes 4 Rent’s payout ratio is 104.76%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of American Homes 4 Rent in a report on Monday. Compass Point assumed coverage on American Homes 4 Rent in a report on Tuesday, April 28th. They set a “buy” rating and a $37.50 price target on the stock. Deutsche Bank Aktiengesellschaft set a $39.00 price target on shares of American Homes 4 Rent in a research report on Friday, June 26th. Mizuho upped their price objective on shares of American Homes 4 Rent from $29.00 to $35.00 and gave the company a “neutral” rating in a report on Wednesday, June 17th. Finally, Raymond James Financial upgraded shares of American Homes 4 Rent from a “market perform” rating to an “outperform” rating and set a $35.00 price objective for the company in a research report on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $36.83.

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.