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American Homes 4 Rent (AMH)

Real Estate | REIT - Residential | Las Vegas, United States | NYSE
33.80 USD +0.53 (1.593%) ⇧ (July 13, 2026, 4 p.m. EDT)

Short-term:★★★⯪☆Long-term:★★⯪☆☆Dividends:★★★☆☆
Hot Take | July 11, 2026, 3:09 a.m. EDT

The immediate outlook is mixed, caught between a technical bounce and deepening structural concerns. The stock has recovered slightly from its lows, trading above its 200-day average, yet the options market screams caution. The overwhelming open interest in deep out-of-the-money puts suggests investors are betting on a sharp decline, likely driven by fears that the recent recovery is fragile. This disconnect—where the price is holding steady but the options flow is overwhelmingly bearish—creates a precarious short-term environment where a catalyst could trigger the downside bets. Long-term, the investment case remains neutral due to deteriorating fundamentals. While the business has delivered a +69% cumulative return over the last nine years, the most recent annual performance was negative, and the forward P/E of 50 implies aggressive growth expectations that the current 2.8% revenue growth cannot easily support. The payout ratio of 1.0 is a red flag, indicating the company is distributing all its earnings, leaving no room for error or reinvestment. This is not a fortress balance sheet; it is a leveraged operation dependent on continuous expansion to maintain its yield. Until revenue growth accelerates decisively or the payout ratio becomes sustainable, the long-term rating cannot improve beyond neutral.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
MSTL ✓0.064499
AutoETS0.065186
AutoARIMA0.065187
AutoTheta0.071746

Forecast horizon: 45 days | Selected: MSTL

Forecast Reliability
Score 55%
H-stat 2.95
Ljung-Box p 0.000
Jarque-Bera p 0.585
Excess Kurtosis 0.17
Attribute Value
Sector Real Estate
Ex Dividend Date 2026-06-14
Last Dividend Date 2026-06-14
Debt to Equity Ratio 67.703
Revenue per Share 5.048
Market Cap 13,856,376,832
Trailing P/E 27.48
Forward P/E 51.27
Beta 0.81
Profit Margins 25.27%
Website https://www.amh.com

As of July 11, 2026, 3:09 a.m. EDT: Speculators are positioning heavily for downside protection, evidenced by massive open interest in out-of-the-money puts (strikes 25 and 30) expiring in September and December, which dwarfs call volume at those strikes. Conversely, call open interest is concentrated at the money (35 strike) and further out-of-the-money, suggesting a bullish bias for a move toward 40, but the sheer volume of put buying indicates a fear of a significant drop or a 'crash' scenario. Implied volatility is significantly higher for puts (0.55 ATM) compared to calls (0.39 ATM), reflecting a market pricing in asymmetric downside risk.


Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
1.01% 4.03% 3.23% 2.72%
Dividend History
Date Dividend Yield %
2026-06-15 0.33 1.011649
2026-03-13 0.33 1.163201
2025-12-15 0.30 0.955110
2025-09-15 0.30 0.897129
2025-06-13 0.30 0.824176
2025-03-14 0.30 0.847458
2024-12-13 0.26 0.695745
2024-09-13 0.26 0.632296
2024-06-14 0.26 0.733634
2024-03-14 0.26 0.715859
2023-12-14 0.22 0.603070
2023-09-14 0.22 0.602740
2023-06-14 0.22 0.631639
2023-03-14 0.22 0.731626
2022-12-14 0.18 0.556586
2022-09-14 0.18 0.498063
2022-06-14 0.18 0.546448
2022-03-14 0.18 0.474934
2021-12-14 0.10 0.243427
2021-09-14 0.10 0.246731
2021-06-14 0.10 0.254777
2021-03-12 0.10 0.310559
2020-12-31 0.05 0.166667
2020-09-14 0.05 0.168350
2020-06-12 0.05 0.184162
2020-03-12 0.05 0.192976
2019-12-31 0.05 0.190767
2019-09-12 0.05 0.203252
2019-06-13 0.05 0.201613
2019-03-14 0.05 0.220070
2018-12-31 0.05 0.251889
2018-09-13 0.05 0.220946
2018-06-14 0.05 0.237643
2018-03-14 0.05 0.255493
2017-12-29 0.05 0.228938
2017-09-14 0.05 0.228415
2017-06-13 0.05 0.225124
2017-03-13 0.05 0.223814
2016-12-13 0.05 0.244141
2016-09-13 0.05 0.236183
2016-06-13 0.05 0.279486
2016-03-11 0.05 0.317864
2015-12-11 0.05 0.314268
2015-09-11 0.05 0.319081
2015-06-11 0.05 0.292398
2015-03-11 0.05 0.307882
2014-12-11 0.05 0.292227
2014-09-11 0.05 0.280426
2014-06-11 0.05 0.283608
2014-03-21 0.05 0.303398
2013-12-11 0.05 0.309789
Additional Data
dividendRate 1.32
dividendYield 3.97
exDividendDate 2026-06-15
trailingAnnualDividendRate 1.23
trailingAnnualDividendYield 0.036970243
lastDividendValue 0.33
lastDividendDate 2026-06-15
dividendDate 2026-06-30

Info Dump

Attribute Value
52 Week Change -0.073517144
Address1 280 Pilot Road
All Time High 44.07
All Time Low 13.16
Ask 0.0
Ask Size 200
Audit Risk 1
Average Analyst Rating 2.1 - Buy
Average Daily Volume10 Day 2,178,740
Average Daily Volume3 Month 2,839,345
Average Volume 2,839,345
Average Volume10Days 2,178,740
Beta 0.809
Bid 32.03
Bid Size 1,000
Board Risk 2
Book Value 19.043
City Las Vegas
Compensation As Of Epoch Date 1,767,139,200
Compensation Risk 1
Country United States
Crypto Tradeable 0
Currency USD
Current Price 33.8
Current Ratio 1.962
Custom Price Alert Confidence HIGH
Date Short Interest 1,782,777,600
Day High 33.83
Day Low 33.41
Debt To Equity 67.703
Dividend Date 1,782,777,600
Dividend Rate 1.32
Dividend Yield 3.97
Earnings Call Timestamp End 1,785,528,000
Earnings Call Timestamp Start 1,785,528,000
Earnings Growth 0.179
Earnings Quarterly Growth 0.157
Earnings Timestamp 1,785,441,600
Earnings Timestamp End 1,785,441,600
Earnings Timestamp Start 1,785,441,600
Ebitda 963,113,024
Ebitda Margins 0.51697
Enterprise To Ebitda 18.63
Enterprise To Revenue 9.631
Enterprise Value 17,942,568,960
Eps Current Year 0.71351
Eps Forward 0.65929
Eps Trailing Twelve Months 1.23
Esg Populated 0
Ex Dividend Date 1,781,481,600
Exchange NYQ
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 32.5118
Fifty Day Average Change 1.2882004
Fifty Day Average Change Percent 0.03962255
Fifty Two Week Change Percent -7.351714
Fifty Two Week High 36.86
Fifty Two Week High Change -3.0600014
Fifty Two Week High Change Percent -0.08301686
Fifty Two Week Low 27.22
Fifty Two Week Low Change 6.58
Fifty Two Week Low Change Percent 0.24173403
Fifty Two Week Range 27.22 - 36.86
Financial Currency USD
First Trade Date Milliseconds 1,375,363,800,000
Five Year Avg Dividend Yield 2.41
Float Shares 308,673,433
Forward Eps 0.65929
Forward P E 51.26727
Free Cashflow 740,585,728
Full Exchange Name NYSE
Full Time Employees 1,598
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,782,864,000
Gross Margins 0.56445
Gross Profits 1,051,555,008
Has Pre Post Market Data 1
Held Percent Insiders 0.07892
Held Percent Institutions 0.93512
Implied Shares Outstanding 409,951,999
Industry REIT - Residential
Industry Disp REIT - Residential
Industry Key reit-residential
Is Earnings Date Estimate 0
Language en-US
Last Dividend Date 1,781,481,600
Last Dividend Value 0.33
Last Fiscal Year End 1,767,139,200
Long Business Summary American Homes 4 Rent (AMH or the General Partner) is an internally managed Maryland real estate investment trust (REIT). American Homes 4 Rent, L.P., a Delaware limited partnership and its consolidated subsidiaries (collectively, the Operating Partnership or the OP) is the entity through which the Company conducts substantially all of its business and owns, directly or through subsidiaries, substantially all of its assets. References to the Company, we, our and us mean collectively AMH, the Operating Partnership and those entities/subsidiaries owned or controlled by AMH and/or the Operating Partnership. We are focused on developing, renovating, leasing and managing single-family homes as rental properties. We commenced operations in November 2012. Our geographically diversified portfolio of single-family homes has evolved into a nationally recognized brand that is well-known for quality, value and resident satisfaction and is well respected in our communities. Our goal is to simplify the experience of leasing a home and provide an accessible housing option to the one in three households who choose to rent in the country. Since launching our internal AMH Development Program in 2017, we have contributed to addressing the national housing shortage by developing thousands of built-for-rental homes per year to meet growing demands. At a time when housing affordability remains constrained across the country, AMH is focused on being part of the solution by expanding the housing supply, elevating the resident experience and creating value for all our stakeholders. AMH is the general partner of, and as of December 31, 2025, owned approximately 87.9% of the common partnership interest in, the Operating Partnership. The remaining 12.1% of the common partnership interest was owned by limited partners. As the sole general partner of the Operating Partnership, AMH has exclusive control of the Operating Partnership's day-to-day management. The Company's management operates AMH and the Operating Partnership as one business, and the management of AMH consists of the same members as the management of the Operating Partnership. AMH's primary function is acting as the general partner of the Operating Partnership. The only material asset of AMH is its partnership interest in the Operating Partnership. As a result, AMH generally does not conduct business itself, other than acting as the sole general partner of the Operating Partnership, issuing equity from time to time and guaranteeing certain debt of the Operating Partnership. AMH itself is not directly obligated under any indebtedness but guarantees some of the debt of the Operating Partnership. The Operating Partnership owns substantially all of the assets of the Company, including the Company's ownership interests in its joint ventures, either directly or through its subsidiaries, conducts the operations of the Company's business and is structured as a limited partnership with no publicly traded equity. AMH contributes all net proceeds from its various equity offerings to the Operating Partnership. In return for those contributions, AMH receives Operating Partnership units (OP units) equal to the number of shares it has issued in the equity offering. Based on the terms of the Agreement of Limited Partnership of the Operating Partnership, as amended, OP units can be exchanged for shares on a one for-one basis. Except for net proceeds from equity issuances by AMH, the Operating Partnership generates the capital required by the Company's business through the Operating Partnership's operations, by the Operating Partnership's incurrence of indebtedness or through the issuance of OP units. As of December 31, 2025, the Company held 61,479 single-family properties in select submarkets of metropolitan statistical areas (MSAs) within 24 states, including 1,142 properties classified as held for sale, and 56,756 of our total properties (excluding properties held for sale) were occupied. The Company also held an additional 3,785 properties in unconsolidated joint ventures as of December 31, 2025. We have an integrated operating platform that consists of 1,598 personnel dedicated to property management, development, marketing, leasing, financial and administrative functions. We believe that we have been organized and operate in conformity with the requirements for qualification and taxation as a REIT under U.S. federal income tax laws for each of our taxable years commencing with our taxable year ended December 31, 2012, through the current taxable year ended December 31, 2025. We expect to satisfy the requirements for qualification and taxation as a REIT under the U.S. federal income tax laws for our taxable year ending December 31, 2026, and subsequent taxable years. We believe that the Operating Partnership is properly treated as a partnership for federal income tax purposes. As a partnership, the Operating Partnership is not subject to U.S. federal income tax on our income. Instead, each of the Operating Partnership's partners, including AMH, is allocated, and may be required to pay tax with respect to, its share of the Operating Partnership's income. As such, no provision for U.S. federal income taxes has been included for the Operating Partnership. American Homes 4 Rent was established on October 19, 2012 and incorporated in 2012 in Maryland and is based in Las Vegas, United States.
Long Name American Homes 4 Rent
Market us_market
Market Cap 13,856,376,832
Market State PRE
Max Age 86,400
Message Board Id finmb_241397401
Most Recent Quarter 1,774,915,200
Net Income To Common 455,494,016
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 12,161,747,642
Number Of Analyst Opinions 22
Open 33.48
Operating Cashflow 843,984,000
Operating Margins 0.25061
Overall Risk 4
Payout Ratio 1.0
Phone 805 413 5300
Pre Market Change 0.08000183
Pre Market Change Percent 0.23669182
Pre Market Price 33.88
Pre Market Time 1,784,021,859
Previous Close 33.27
Price Eps Current Year 47.371445
Price Hint 2
Price To Book 1.7749305
Price To Sales Trailing12 Months 7.4377403
Profit Margins 0.2527
Quick Ratio 0.26
Quote Source Name Delayed Quote
Quote Type EQUITY
Recommendation Key buy
Recommendation Mean 2.08333
Region US
Regular Market Change 0.529999
Regular Market Change Percent 1.59302
Regular Market Day High 33.83
Regular Market Day Low 33.41
Regular Market Day Range 33.41 - 33.83
Regular Market Open 33.48
Regular Market Previous Close 33.27
Regular Market Price 33.8
Regular Market Time 1,783,972,803
Regular Market Volume 1,203,645
Return On Assets 0.02174
Return On Equity 0.0691
Revenue Growth 0.028
Revenue Per Share 5.048
Sand P52 Week Change 0.20847368
Sector Real Estate
Sector Disp Real Estate
Sector Key real-estate
Share Holder Rights Risk 9
Shares Outstanding 359,179,944
Shares Percent Shares Out 0.0247
Shares Short 8,886,269
Shares Short Previous Month Date 1,780,012,800
Shares Short Prior Month 7,445,767
Short Name American Homes 4 Rent
Short Percent Of Float 0.0358
Short Ratio 3.3
Source Interval 15
State NV
Symbol AMH
Target High Price 40.0
Target Low Price 32.0
Target Mean Price 35.90909
Target Median Price 35.5
Total Cash 63,301,000
Total Cash Per Share 0.176
Total Debt 5,145,438,208
Total Revenue 1,862,982,016
Tradeable 0
Trailing Annual Dividend Rate 1.23
Trailing Annual Dividend Yield 0.036970243
Trailing Eps 1.23
Trailing P E 27.479673
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 31.4425
Two Hundred Day Average Change 2.3575
Two Hundred Day Average Change Percent 0.074978136
Type Disp Equity
Volume 1,203,645
Website https://www.amh.com
Zip 89,119-4012