Healthcare of Ontario Pension Plan Trust Fund Acquires New Holdings in American Homes 4 Rent $AMH

Healthcare of Ontario Pension Plan Trust Fund acquired a new position in American Homes 4 Rent (NYSE:AMH) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 418,062 shares of the real estate investment trust’s stock, valued at approximately $11,672,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Norges Bank acquired a new position in American Homes 4 Rent during the 4th quarter valued at about $710,672,000. Bank of Montreal Can raised its position in shares of American Homes 4 Rent by 3,526.2% during the 4th quarter. Bank of Montreal Can now owns 4,599,850 shares of the real estate investment trust’s stock worth $147,655,000 after buying an additional 4,472,998 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of American Homes 4 Rent by 19.8% in the 1st quarter. Principal Financial Group Inc. now owns 18,937,398 shares of the real estate investment trust’s stock worth $528,736,000 after acquiring an additional 3,126,434 shares during the period. AQR Capital Management LLC lifted its stake in shares of American Homes 4 Rent by 1,299.8% in the 4th quarter. AQR Capital Management LLC now owns 3,112,624 shares of the real estate investment trust’s stock worth $99,915,000 after acquiring an additional 2,890,263 shares during the period. Finally, Cbre Investment Management Listed Real Assets LLC lifted its stake in shares of American Homes 4 Rent by 104.4% in the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 4,850,171 shares of the real estate investment trust’s stock worth $155,690,000 after acquiring an additional 2,477,585 shares during the period. Institutional investors own 91.87% of the company’s stock.

Insider Activity

In related news, Director Jack E. Corrigan acquired 2,041 shares of the business’s stock in a transaction dated Monday, May 18th. The stock was bought at an average price of $23.53 per share, for a total transaction of $48,024.73. Following the transaction, the director owned 17,000 shares of the company’s stock, valued at approximately $400,010. The trade was a 13.64% 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 hyperlink. Insiders acquired a total of 5,000 shares of company stock valued at $117,024 over the last quarter. 5.70% of the stock is currently owned by corporate insiders.

American Homes 4 Rent Price Performance

Shares of NYSE AMH opened at $33.80 on Wednesday. American Homes 4 Rent has a twelve month low of $27.22 and a twelve month high of $36.16. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.67. The firm has a 50-day moving average of $33.01 and a two-hundred day moving average of $31.29. The company has a market capitalization of $12.19 billion, a price-to-earnings ratio of 27.48, a PEG ratio of 4.51 and a beta of 0.79.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.30. American Homes 4 Rent had a net margin of 25.27% and a return on equity of 6.08%. The company had revenue of $472.02 million for the quarter, compared to analysts’ expectations of $470.62 million. During the same quarter in the previous year, the company posted $0.46 EPS. The business’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. As a group, analysts expect that American Homes 4 Rent will post 1.88 earnings per share for the current fiscal year.

American Homes 4 Rent Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts recently commented on AMH shares. 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 on the stock in a research note on Monday, May 18th. BMO Capital Markets upgraded American Homes 4 Rent from a “market perform” rating to an “outperform” rating and set a $39.00 target price for the company in a research report on Friday, June 26th. Jefferies Financial Group upgraded American Homes 4 Rent to a “strong-buy” rating in a research report on Wednesday, July 22nd. UBS Group increased their price target on American Homes 4 Rent from $32.00 to $35.00 and gave the company a “neutral” rating in a research note on Wednesday, July 8th. Finally, Morgan Stanley dropped their price objective on American Homes 4 Rent from $39.00 to $38.50 and set an “overweight” rating on the stock in a research note on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, American Homes 4 Rent presently has an average rating of “Moderate Buy” and an average target price of $36.47.

American Homes 4 Rent 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.