Intact Investment Management Inc. Makes New $3.12 Million Investment in American Homes 4 Rent $AMH

Intact Investment Management Inc. purchased a new position in shares of American Homes 4 Rent (NYSE:AMH) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 93,710 shares of the real estate investment trust’s stock, valued at approximately $3,116,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sequoia Financial Advisors LLC acquired a new stake in American Homes 4 Rent in the 2nd quarter worth $311,000. SG Americas Securities LLC lifted its stake in shares of American Homes 4 Rent by 1,062.5% in the third quarter. SG Americas Securities LLC now owns 162,675 shares of the real estate investment trust’s stock valued at $5,409,000 after buying an additional 148,682 shares during the period. Tectonic Advisors LLC grew its position in American Homes 4 Rent by 69.9% during the third quarter. Tectonic Advisors LLC now owns 88,306 shares of the real estate investment trust’s stock worth $2,936,000 after buying an additional 36,323 shares in the last quarter. Capital Investment Advisors LLC bought a new position in American Homes 4 Rent during the third quarter valued at about $9,217,000. Finally, Pacer Advisors Inc. increased its stake in American Homes 4 Rent by 608,877.8% during the third quarter. Pacer Advisors Inc. now owns 54,808 shares of the real estate investment trust’s stock valued at $1,822,000 after acquiring an additional 54,799 shares during the period. Institutional investors and hedge funds own 91.87% of the company’s stock.

Insiders Place Their Bets

In related news, Director Douglas N. Benham acquired 1,000 shares of the firm’s stock in a transaction on Wednesday, November 19th. The shares were purchased at an average price of $31.65 per share, with a total value of $31,650.00. Following the acquisition, the director directly owned 7,991 shares in the company, valued at $252,915.15. The trade was a 14.30% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Jack E. Corrigan acquired 5,000 shares of the stock in a transaction on Tuesday, December 9th. The stock was bought at an average price of $22.96 per share, with a total value of $114,800.00. Following the transaction, the director directly owned 17,300 shares in the company, valued at approximately $397,208. This represents a 40.65% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 6.01% of the company’s stock.

American Homes 4 Rent Stock Performance

NYSE AMH opened at $31.88 on Tuesday. American Homes 4 Rent has a 1-year low of $28.84 and a 1-year high of $39.49. The company has a 50 day moving average of $31.65 and a 200-day moving average of $33.13. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.62. The firm has a market cap of $11.83 billion, a price-to-earnings ratio of 27.02, a PEG ratio of 3.05 and a beta of 0.79.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. American Homes 4 Rent had a return on equity of 5.90% and a net margin of 24.70%.The business had revenue of $478.46 million for the quarter, compared to analyst estimates of $475.75 million. During the same period in the prior year, the company earned $0.44 EPS. American Homes 4 Rent’s revenue for the quarter was up 7.5% on a year-over-year basis. American Homes 4 Rent has set its FY 2025 guidance at 1.860-1.88 EPS. On average, equities analysts forecast that American Homes 4 Rent will post 1.85 earnings per share for the current fiscal year.

American Homes 4 Rent Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were paid a $0.30 dividend. The ex-dividend date was Monday, December 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.8%. American Homes 4 Rent’s dividend payout ratio (DPR) is 101.69%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Citizens Jmp reissued a “market outperform” rating and set a $41.00 price objective on shares of American Homes 4 Rent in a report on Wednesday, January 21st. UBS Group reduced their target price on American Homes 4 Rent from $38.00 to $33.00 and set a “neutral” rating for the company in a research report on Thursday, January 8th. Weiss Ratings reissued a “hold (c)” rating on shares of American Homes 4 Rent in a report on Wednesday, January 21st. BMO Capital Markets restated a “market perform” rating and issued a $37.00 price objective on shares of American Homes 4 Rent in a research note on Friday, January 9th. Finally, Wolfe Research upgraded shares of American Homes 4 Rent from a “peer perform” rating to an “outperform” rating and set a $38.00 target price on the stock in a research report on Thursday, October 2nd. Eight research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $37.44.

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.