Principal Financial Group Inc. Boosts Stock Holdings in American Homes 4 Rent $AMH

Principal Financial Group Inc. boosted its position in American Homes 4 Rent (NYSE:AMH) by 19.8% in the 1st quarter, Holdings Channel reports. The firm owned 18,937,398 shares of the real estate investment trust’s stock after acquiring an additional 3,126,434 shares during the quarter. Principal Financial Group Inc. owned 0.05% of American Homes 4 Rent worth $528,736,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Commonwealth Equity Services LLC lifted its stake in American Homes 4 Rent by 3.1% in the 4th quarter. Commonwealth Equity Services LLC now owns 10,797 shares of the real estate investment trust’s stock worth $347,000 after purchasing an additional 321 shares in the last quarter. Vanderbilt University grew its position in shares of American Homes 4 Rent by 1.5% in the first quarter. Vanderbilt University now owns 23,385 shares of the real estate investment trust’s stock valued at $653,000 after purchasing an additional 346 shares in the last quarter. IFP Advisors Inc increased its holdings in shares of American Homes 4 Rent by 122.2% in the fourth quarter. IFP Advisors Inc now owns 802 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 441 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of American Homes 4 Rent by 84.8% in the third quarter. Parallel Advisors LLC now owns 963 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 442 shares during the last quarter. Finally, Evergreen Capital Management LLC lifted its position in American Homes 4 Rent by 5.6% during the fourth quarter. Evergreen Capital Management LLC now owns 8,767 shares of the real estate investment trust’s stock worth $281,000 after buying an additional 468 shares in the last quarter. Hedge funds and other institutional investors own 91.87% of the company’s stock.

Wall Street Analysts Forecast Growth

AMH has been the subject of several analyst reports. Weiss Ratings upgraded American Homes 4 Rent from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 20th. Keefe, Bruyette & Woods upped their price objective on shares of American Homes 4 Rent from $35.00 to $36.00 and gave the company an “outperform” rating in a report on Tuesday, May 12th. 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. UBS Group boosted their target price on shares of American Homes 4 Rent from $32.00 to $35.00 and gave the company a “neutral” rating in a report on Wednesday, July 8th. Finally, BMO Capital Markets raised shares of American Homes 4 Rent from a “market perform” rating to an “outperform” rating and set a $39.00 price target for the company in a research note on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, American Homes 4 Rent currently has an average rating of “Moderate Buy” and an average target price of $36.25.

Insider Activity

In other news, Director Jack E. Corrigan acquired 2,041 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The shares were purchased at an average price of $23.53 per share, for a total transaction of $48,024.73. Following the acquisition, the director owned 17,000 shares of the company’s stock, valued at $400,010. This represents a 13.64% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders acquired 5,000 shares of company stock valued at $117,024. 5.70% of the stock is currently owned by insiders.

American Homes 4 Rent Price Performance

American Homes 4 Rent stock opened at $33.82 on Tuesday. The company’s 50 day simple moving average is $32.60 and its 200-day simple moving average is $31.16. 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 has a 1 year low of $27.22 and a 1 year high of $36.86. The company has a market capitalization of $12.19 billion, a price-to-earnings ratio of 27.49, a price-to-earnings-growth ratio of 4.49 and a beta of 0.79.

American Homes 4 Rent (NYSE:AMH) last posted its earnings results on Wednesday, May 6th. The real estate investment trust reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.30. The firm had revenue of $472.02 million during the quarter, compared to the consensus estimate of $470.62 million. American Homes 4 Rent had a net margin of 25.27% and a return on equity of 6.08%. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.46 EPS. American Homes 4 Rent has set its FY 2026 guidance at 1.890-1.950 EPS. As a group, equities research analysts expect that American Homes 4 Rent will post 1.88 earnings per share for the current year.

American Homes 4 Rent Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were paid a $0.33 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.9%. American Homes 4 Rent’s payout ratio is presently 107.32%.

American Homes 4 Rent Company 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.