AMH American Homes 4 Rent Common Shares of Beneficial Interest
About American Homes 4 Rent Common Shares of Beneficial Interest Company overview from Wikipedia
American Homes 4 Rent, doing business as AMH, is a real estate investment trust based in Las Vegas, Nevada, that invests in single-family rental homes. As of December 31, 2019, the company owned 52,552 homes in 22 states. Its largest concentrations are in Atlanta, Dallas-Fort Worth, and Charlotte, North Carolina.
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American Homes 4 Rent, doing business as AMH, is a real estate investment trust based in Las Vegas, Nevada, that invests in single-family rental homes. As of December 31, 2019, the company owned 52,552 homes in 22 states. Its largest concentrations are in Atlanta (9.3% of total homes), Dallas-Fort Worth (8.4% of total homes), and Charlotte, North Carolina (7.2% of total homes).
## History
The company was established in October 2012 by B. Wayne Hughes, the founder of Public Storage. It was one of the first large public companies to begin investing heavily in single-family homes, following the entry of The Blackstone Group into the field in 2012. Early funding for the company included a $600 million investment from the Alaska Permanent Fund.
In August 2013, the company became a public company via an initial public offering.
In March 2016, the company merged with American Residential Properties, Inc.
In January 2023, the company announced a branding change from American Homes 4 Rent to AMH in a public news release and a notice to investors.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
AMH Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
AMH Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Financial Health Debt, liquidity, solvency — balance sheet strength
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Dividends Yield, payout ratio, dividend history, 5Y CAGR
| Ex-date | Amount |
|---|---|
| June 15, 2026 | $0.3300 |
| March 13, 2026 | $0.3300 |
| Dec. 15, 2025 | $0.3000 |
| Sept. 15, 2025 | $0.3000 |
| June 13, 2025 | $0.3000 |
| March 14, 2025 | $0.3000 |
| Dec. 13, 2024 | $0.2600 |
| Sept. 13, 2024 | $0.2600 |
| June 14, 2024 | $0.2600 |
| March 14, 2024 | $0.2600 |
| Dec. 14, 2023 | $0.2200 |
| Sept. 14, 2023 | $0.2200 |
| June 14, 2023 | $0.2200 |
| March 14, 2023 | $0.2200 |
| Dec. 14, 2022 | $0.1800 |
| Sept. 14, 2022 | $0.1800 |
| June 14, 2022 | $0.1800 |
| March 14, 2022 | $0.1800 |
| Dec. 14, 2021 | $0.1000 |
| Sept. 14, 2021 | $0.1000 |
AMH Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
- Strong Buy 6 20.7%
- Buy 11 37.9%
- Hold 11 37.9%
- Sell 1 3.4%
- Strong Sell 0 0.0%
12-Month Price Target
22 analysts · 2026-08-19Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $0.31 | $0.18 | 0.13% |
| March 31, 2026 | $0.35 | $0.19 | 0.16% |
| Dec. 31, 2025 | $0.33 | $0.18 | 0.15% |
| Sept. 30, 2025 | $0.27 | $0.16 | 0.11% |
| June 30, 2025 | $0.28 | $0.15 | 0.13% |
| March 31, 2025 | $0.30 | $0.15 | 0.15% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| AMH | — | 27.2 | — | — | 7.2% | — |
| INVH | $16.97B | 28.9 | 4.2% | 21.5% | 6.1% | — |
| SUI | $15.30B | 11.4 | 2.0% | 61.3% | 20.1% | — |
| ELS | $11.75B | 30.2 | 0.34% | 26.2% | 23.0% | — |
| UMH | $1.35B | 227.3 | 8.8% | 10.0% | 2.9% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 11
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | · | · | · | · | · | $1.18B | $1.14B | $1.07B | $960M | $879M | |
| SG&A Expense | $83M | $84M | $75M | $68M | $56M | $49M | $43M | $37M | $35M | $33M | |
| Operating Expenses | $1.58B | $1.50B | $1.41B | $1.32B | $1.15B | $1.06B | $1.02B | $978M | $887M | $874M | |
| Interest Expense | $185M | $165M | $140M | $135M | $115M | $117M | $127M | $123M | $113M | $131M | |
| Other Non-op | $16M | $22M | $10M | $7M | $4M | $2M | $8M | · | · | · | |
| Net Income | $513M | $468M | $432M | $310M | $211M | $155M | $156M | $112M | $76M | $10M | |
| EPS (Basic) | $1.18 | $1.08 | $1.01 | $0.72 | $0.42 | $0.28 | $0.29 | $0.08 | $-0.08 | $-0.14 | |
| EPS (Diluted) | $1.18 | $1.08 | $1.01 | $0.71 | $0.41 | $0.28 | $0.29 | $0.08 | $-0.08 | $-0.14 | |
| Shares (Basic) | 370,556,400 | 367,454,012 | 362,024,968 | 349,290,848 | 324,245,168 | 306,613,197 | 299,415,397 | 293,640,500 | 264,254,718 | 234,010,168 | |
| Shares (Diluted) | 370,906,582 | 367,989,537 | 362,477,216 | 349,787,092 | 325,518,291 | 307,074,747 | 299,918,966 | 294,268,330 | 264,254,718 | 234,010,168 | |
| EBITDA | $504M | $477M | $457M | $427M | $373M | $343M | $329M | $319M | $297M | $299M |
Balance Sheet 11
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $109M | $199M | $59M | $69M | $48M | $137M | $38M | $30M | $46M | $119M | |
| Goodwill | $120M | $120M | $120M | $120M | $120M | $120M | $120M | $120M | $120M | $120M | |
| Intangibles | $9M | $12M | $8M | $10M | $13M | $5M | $7M | $13M | · | · | |
| Total Assets | $13.24B | $13.38B | $12.69B | $12.18B | $10.96B | $9.59B | $9.10B | $9.00B | $8.61B | $8.11B | |
| Total Liabilities | $5.53B | $5.53B | $5.04B | $5.00B | $4.22B | $3.12B | $3.08B | $3.03B | $2.73B | $3.17B | |
| Long-term Debt | $5.10B | $5.01B | $4.46B | $4.52B | $3.88B | $2.82B | $2.83B | $2.80B | $2.48B | $2.92B | |
| Paid-in Capital | $7.41B | $7.53B | $7.36B | $6.93B | $6.49B | $6.22B | $5.79B | $5.73B | $5.60B | $4.57B | |
| Retained Earnings | $-388M | $-381M | $-395M | $-441M | $-439M | $-444M | $-465M | $-491M | $-454M | $-379M | |
| AOCI | $7M | $8M | $843.0K | $1M | $2M | $6M | $7M | $7M | $75.0K | $95.0K | |
| Stockholders' Equity | $7.03B | $7.16B | $6.97B | $6.50B | $6.06B | $5.79B | $5.34B | $5.25B | $5.15B | $4.19B | |
| Liabilities + Equity | $13.24B | $13.38B | $12.69B | $12.18B | $10.96B | $9.59B | $9.10B | $9.00B | $8.61B | $8.11B |
Cash Flow 11
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $504M | $477M | $457M | $427M | $373M | $343M | $329M | $319M | $297M | $299M | |
| Stock-based Comp | $26M | $31M | $25M | $27M | $18M | $10M | $5M | $3M | $4M | $4M | |
| Other Non-cash | $-179M | $-165M | $-175M | $-98M | $-6M | $-34M | $-32M | $-24M | $8M | $-34M | |
| Operating Cash Flow | $864M | $812M | $739M | $666M | $595M | $474M | $458M | $411M | $386M | $279M | |
| Investing Cash Flow | $-328M | $-826M | $-693M | $-1.43B | $-1.73B | $-643M | $-377M | $-674M | $-837M | $-522M | |
| Stock Issued | · | · | · | · | · | $414M | $0 | $0 | $695M | $103M | |
| Stock Repurchased | · | · | · | · | · | $0 | $0 | $35M | $0 | $96M | |
| Net Stock Activity | · | · | · | · | · | $414M | $0 | $-35M | $695M | $7M | |
| Dividends Paid | $446M | $384M | $319M | $253M | $146M | $61M | $60M | $58M | $39M | $48M | |
| Financing Cash Flow | $-656M | $143M | $-42M | $786M | $1.06B | $270M | $-92M | $256M | $384M | $325M | |
| Net Change in Cash | $-120M | $128M | $4M | $26M | $-73M | $101M | $-11M | $-8M | $-67M | $81M |
Profitability 4
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | · | · | · | · | · | 13.1% | 13.7% | 10.5% | · | · | |
| EBITDA Margin | · | · | · | · | · | 29.0% | 28.8% | 29.7% | · | · | |
| ROA | 3.9% | 3.6% | 3.5% | 2.7% | 2.1% | 1.7% | 1.7% | 1.3% | 0.92% | 0.14% | |
| ROE | 7.2% | 6.6% | 6.4% | 4.9% | 3.5% | 2.8% | 2.9% | 2.2% | 1.6% | 0.28% |
Efficiency 1
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | · | · | · | · | · | 0.1 | 0.1 | 0.1 | · | · |
Growth Rates 7
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EPS YoY | 9.3% | 6.9% | 42.2% | 73.2% | 46.4% | · | · | · | · | · | |
| EPS CAGR 3Y | 18.4% | 38.1% | 53.4% | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | 33.3% | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | 9.7% | 8.3% | 39.4% | 47.2% | 36.0% | · | · | · | · | · | |
| Net Income CAGR 3Y | 18.3% | 30.5% | 40.8% | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | 27.1% | · | · | · | · | · | · | · | · | · | |
| Dividend CAGR 5Y | 48.9% | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 6
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $1.18B | $1.18B | $1.18B | $1.18B | $1.18B | $1.18B | $1.14B | $1.07B | $960M | $879M | |
| Net Income TTM | $513M | $468M | $432M | $310M | $211M | $155M | $156M | $112M | $76M | $10M | |
| P/E | 27.2 | 34.6 | 35.6 | 42.5 | 106.4 | 107.1 | 90.4 | 248.1 | -273.0 | -149.9 | |
| Earnings Yield | 3.7% | 2.9% | 2.8% | 2.4% | 0.94% | 0.93% | 1.1% | 0.40% | -0.37% | -0.67% | |
| Payout Ratio | 86.9% | 81.9% | 73.9% | 81.5% | 69.5% | 39.4% | 38.3% | 51.9% | 50.9% | 461.1% | |
| Annual Payout | $446M | $384M | $319M | $253M | $146M | $61M | $60M | $58M | $39M | $48M |
Income Statement 10
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SG&A Expense | $22M | $21M | $23M | $21M | $20M | $20M | $21M | $19M | $22M | $22M | $18M | $18M | $20M | $18M | $15M | $17M | |
| Operating Expenses | $398M | $402M | $384M | $414M | $390M | $395M | $380M | $393M | $363M | $367M | $348M | $369M | $345M | $349M | $335M | $355M | |
| Interest Expense | $50M | $48M | $45M | $48M | $46M | $45M | $44M | $44M | $39M | $39M | $35M | $34M | $35M | $36M | $36M | $36M | |
| Other Non-op | $1M | $327.0K | $4M | $5M | $5M | $2M | $7M | $8M | $4M | $3M | $716.0K | $2M | $2M | $5M | $100.0K | $819.0K | |
| Net Income | $133M | $149M | $144M | $117M | $124M | $129M | $144M | $88M | $109M | $128M | $91M | $88M | $115M | $138M | $104M | $62M | |
| EPS (Basic) | $0.31 | $0.35 | $0.33 | $0.27 | $0.28 | $0.30 | $0.33 | $0.20 | $0.25 | $0.30 | $0.21 | $0.20 | $0.27 | $0.33 | $0.26 | $0.14 | |
| EPS (Diluted) | $0.31 | $0.35 | $0.33 | $0.27 | $0.28 | $0.30 | $0.33 | $0.20 | $0.25 | $0.30 | $0.22 | $0.20 | $0.27 | $0.32 | $0.25 | $0.14 | |
| Shares (Basic) | 360,629,168 | 364,281,692 | -741,757,080 | 371,248,842 | 370,692,250 | 370,372,388 | -732,819,044 | 366,981,466 | 366,778,333 | 366,513,257 | -722,903,340 | 362,426,273 | 362,148,911 | 360,353,124 | -693,879,891 | 348,944,055 | |
| Shares (Diluted) | 360,808,221 | 364,498,367 | -742,496,040 | 371,580,911 | 371,059,970 | 370,761,741 | -733,896,347 | 367,600,636 | 367,312,955 | 366,972,293 | -723,602,028 | 362,924,932 | 362,479,942 | 360,674,370 | -695,040,896 | 349,344,541 | |
| EBITDA | · | $127M | · | · | · | $125M | · | · | · | $116M | · | · | · | $113M | · | · |
Balance Sheet 11
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $84M | $63M | $109M | $46M | $323M | $70M | $199M | $162M | $718M | $125M | $59M | $70M | $200M | $256M | $69M | $97M | |
| Goodwill | $120M | $120M | $120M | $120M | $120M | $120M | $120M | $120M | $120M | $120M | · | $120M | $120M | $120M | · | $120M | |
| Intangibles | $8M | $9M | $9M | $11M | $11M | $12M | $12M | $13M | $7M | $7M | · | $8M | $9M | $10M | · | $11M | |
| Total Assets | $13.12B | $13.18B | $13.24B | $13.25B | $13.59B | $13.29B | $13.38B | $12.84B | $13.30B | $12.76B | · | $12.56B | $12.52B | $12.42B | · | $12.10B | |
| Total Liabilities | $5.64B | $5.58B | $5.53B | $5.42B | $5.75B | $5.45B | $5.53B | $5.15B | $5.59B | $5.06B | · | $5.01B | $4.97B | $4.90B | · | $4.96B | |
| Long-term Debt | $5.13B | $5.13B | $5.10B | $4.84B | $5.16B | $4.93B | $5.01B | $4.52B | $4.99B | $4.50B | · | $4.38B | $4.38B | $4.38B | · | $4.39B | |
| Paid-in Capital | $7.18B | $7.30B | $7.41B | $7.55B | $7.54B | $7.53B | $7.53B | $7.41B | $7.41B | $7.39B | · | $7.25B | $7.24B | $7.23B | · | $6.93B | |
| Retained Earnings | $-386M | $-380M | $-388M | $-400M | $-389M | $-382M | $-381M | $-407M | $-385M | $-382M | · | $-391M | $-385M | $-403M | · | $-464M | |
| AOCI | $6M | $6M | $7M | $7M | $7M | $6M | $8M | $3M | $597.0K | $721.0K | · | $965.0K | $1M | $1M | · | $1M | |
| Stockholders' Equity | $6.81B | $6.93B | $7.03B | $7.16B | $7.17B | $7.15B | $7.16B | $7.01B | $7.03B | $7.02B | · | $6.86B | $6.86B | $6.83B | · | $6.47B | |
| Liabilities + Equity | $13.12B | $13.18B | $13.24B | $13.25B | $13.59B | $13.29B | $13.38B | $12.84B | $13.30B | $12.76B | · | $12.56B | $12.52B | $12.42B | · | $12.10B |
Cash Flow 8
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $128M | $127M | $126M | $127M | $127M | $125M | $124M | $120M | $118M | $116M | $116M | $115M | $113M | $113M | $113M | $109M | |
| Stock-based Comp | $7M | $7M | $5M | $6M | $6M | $8M | $5M | $6M | $10M | $10M | $5M | $6M | $9M | $6M | $4M | $6M | |
| Other Non-cash | · | $-80M | · | · | · | $-38M | · | · | · | $-52M | · | · | · | $-56M | · | · | |
| Operating Cash Flow | $293M | $203M | $146M | $223M | $272M | $223M | $102M | $234M | $274M | $202M | $115M | $208M | $215M | $200M | $69M | $218M | |
| Investing Cash Flow | $17M | $10M | $-48M | $-52M | $-121M | $-108M | $-533M | $-185M | $-40M | $-68M | $-227M | $-227M | $-165M | $-73M | $-158M | $-314M | |
| Dividends Paid | $119M | $121M | $111M | $112M | $112M | $112M | $96M | $96M | $96M | $96M | $80M | $80M | $80M | $80M | $64M | $63M | |
| Financing Cash Flow | $-260M | $-236M | $-43M | $-462M | $97M | $-247M | $463M | $-613M | $365M | $-72M | $91M | $-99M | $-97M | $63M | $49M | $132M | |
| Net Change in Cash | $50M | $-23M | $55M | $-291M | $248M | $-131M | $32M | $-564M | $598M | $61M | $-21M | $-119M | $-47M | $191M | $-40M | $36M |
Profitability 2
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROA | 1.0% | 1.1% | · | 0.90% | 0.92% | 0.99% | · | 0.69% | 0.84% | 1.0% | · | 0.71% | 0.95% | 1.1% | · | 0.55% | |
| ROE | 1.9% | 2.1% | · | 1.7% | 1.7% | 1.8% | · | 1.3% | 1.6% | 1.8% | · | 1.3% | 1.8% | 2.1% | · | 1.0% |
Valuation (TTM) 5
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $1.18B | $1.18B | · | $1.18B | $1.18B | $1.18B | · | $1.18B | $1.18B | $1.18B | · | $1.18B | $1.18B | $1.18B | · | $1.18B | |
| Net Income TTM | $522M | $518M | · | $457M | $449M | $453M | · | $412M | $440M | $469M | · | $403M | $389M | $344M | · | $255M | |
| P/E | 27.7 | 23.3 | · | 31.7 | 35.0 | 36.0 | · | 40.4 | 36.4 | 33.7 | · | 36.2 | 39.8 | 40.3 | · | 57.6 | |
| Earnings Yield | 3.6% | 4.3% | · | 3.2% | 2.9% | 2.8% | · | 2.5% | 2.7% | 3.0% | · | 2.8% | 2.5% | 2.5% | · | 1.7% | |
| Payout Ratio | · | 81.6% | · | · | · | 87.3% | · | · | · | 74.9% | · | · | · | 58.0% | · | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Net Income | $513M | $468M | $432M | $310M | $211M |
| Diluted EPS | $1.18 | $1.08 | $1.01 | $0.71 | $0.41 |
Latest News Recent headlines mentioning this company
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Institutional owners (13F) 509 filers · $7.8B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 86 (-4 vs prior Q) | 58 (-29 vs prior Q) | 165 (-1 vs prior Q) | 152 (-8 vs prior Q) | +25.5M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VANGUARD GROUP INC | $1,350,373,234 | 42,067,702 | 17.23% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $941,411,479 | 28,085,068 | 12.01% | Shares |
| NORGES BANK | $740,156,293 | 22,081,035 | 9.44% | Shares |
| STATE STREET CORP | $523,729,419 | 15,624,386 | 6.68% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $487,318,553 | 14,538,143 | 6.22% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $208,308,269 | 6,212,918 | 2.66% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $205,217,217 | 6,122,232 | 2.62% | Shares |
| FMR LLC | $181,954,726 | 5,428,244 | 2.32% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $176,654,288 | 5,270,116 | 2.25% | Shares |
| Burgundy Asset Management Ltd. | $152,552,903 | 4,258,875 | 1.95% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $150,660,132 | 4,494,634 | 1.92% | Shares |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC | $141,533,507 | 4,222,360 | 1.81% | Shares |
| MILLENNIUM MANAGEMENT LLC | $122,794,084 | 3,663,308 | 1.57% | Shares |
| LASALLE INVESTMENT MANAGEMENT SECURITIES LLC | $120,809,901 | 3,604,114 | 1.54% | Shares |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC | $112,014,119 | 3,341,710 | 1.43% | Shares |
| CI INVESTMENTS INC. | $98,652,176 | 2,943,084 | 1.26% | Shares |
| Sumitomo Mitsui Trust Group, Inc. | $69,314,366 | 2,067,851 | 0.88% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $67,378,284 | 2,010,092 | 0.86% | Shares |
| Quantinno Capital Management LP | $65,203,828 | 1,945,221 | 0.83% | Shares |
| Holocene Advisors, LP | $55,883,103 | 1,667,157 | 0.71% | Shares |
| Nuveen, LLC | $55,464,706 | 1,654,675 | 0.71% | Shares |
| Gotham Asset Management, LLC | $42,155,791 | 1,257,631 | 0.54% | Shares |
| AMERICAN CENTURY COMPANIES INC | $41,922,827 | 1,250,681 | 0.53% | Shares |
| JACOBS LEVY EQUITY MANAGEMENT, INC | $41,637,103 | 1,242,157 | 0.53% | Shares |
| Woodline Partners LP | $41,591,348 | 1,240,792 | 0.53% | Shares |
| Heitman Real Estate Securities LLC | $40,944,244 | 1,221,487 | 0.52% | Shares |
| SCHRODER INVESTMENT MANAGEMENT GROUP | $40,750,237 | 1,198,889 | 0.52% | Shares |
| GOLDMAN SACHS GROUP INC | $40,158,703 | 1,198,052 | 0.51% | Shares |
| BlackRock, Inc. | $38,262,778 | 1,141,491 | 0.49% | Shares |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | $37,678,223 | 1,124,052 | 0.48% | Shares |
| AEW CAPITAL MANAGEMENT L P | $35,558,787 | 1,060,823 | 0.45% | Shares |
| BANK OF AMERICA CORP /DE/ | $33,942,152 | 1,012,594 | 0.43% | Shares |
| TUDOR INVESTMENT CORP ET AL | $32,386,823 | 966,194 | 0.41% | Shares |
| RHUMBLINE ADVISERS | $31,401,789 | 936,809 | 0.40% | Shares |
| Apollo Management Holdings, L.P. | $30,974,826 | 924,070 | 0.40% | Shares |
| VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. | $30,502,664 | 909,984 | 0.39% | Shares |
| Adelante Capital Management LLC | $28,364,765 | 846,202 | 0.36% | Shares |
| APG Asset Management US Inc. | $27,664,596 | 820,421 | 0.35% | Shares |
| Investure, LLC | $26,755,999 | 798,210 | 0.34% | Shares |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO | $26,739,742 | 797,725 | 0.34% | Shares |
| Nuveen Asset Management, LLC | $25,251,166 | 674,804 | 0.32% | Shares |
| D. E. Shaw & Co., Inc. | $23,796,250 | 709,912 | 0.30% | Shares |
| Universal- Beteiligungs- und Servicegesellschaft mbH | $23,777,675 | 709,184 | 0.30% | Shares |
| Retirement Systems of Alabama | $23,076,040 | 688,426 | 0.29% | Shares |
| Lighthouse Investment Partners, LLC | $21,557,268 | 643,117 | 0.28% | Shares |
| Swiss National Bank | $21,376,274 | 637,717 | 0.27% | Shares |
| Artisan Partners Limited Partnership | $20,766,377 | 619,522 | 0.26% | Shares |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | $19,646,000 | 586,096 | 0.25% | Shares |
| CITIGROUP INC | $19,436,740 | 579,855 | 0.25% | Shares |
| California Public Employees Retirement System | $19,397,756 | 578,692 | 0.25% | Shares |
| Prana Capital Management, LP | $19,269,274 | 574,859 | 0.25% | Shares |
| HSBC HOLDINGS PLC | $18,781,859 | 560,318 | 0.24% | Shares |
| Alberta Investment Management Corp | $18,603,600 | 555,000 | 0.24% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $18,540,884 | 553,129 | 0.24% | Shares |
| Point72 Asset Management, L.P. | $17,860,160 | 532,821 | 0.23% | Shares |
| NOMURA ASSET MANAGEMENT CO LTD | $17,252,074 | 514,680 | 0.22% | Shares |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO | $16,696,982 | 498,120 | 0.21% | Shares |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | $16,540,880 | 493,463 | 0.21% | Shares |
| AXA Investment Managers S.A. | $16,279,998 | 489,624 | 0.21% | Shares |
| Corient Private Wealth LP | $15,267,355 | 455,470 | 0.19% | Shares |
| Swedbank AB | $14,815,840 | 442,000 | 0.19% | Shares |
| Asset Management One Co., Ltd. | $14,568,572 | 521,797 | 0.19% | Shares |
| PANAGORA ASSET MANAGEMENT INC | $14,555,121 | 434,222 | 0.19% | Shares |
| ALLIANCEBERNSTEIN L.P. | $13,345,257 | 477,982 | 0.17% | Shares |
| STRS OHIO | $12,873,322 | 384,049 | 0.16% | Shares |
| CITADEL ADVISORS LLC | $12,826,294 | 382,646 | 0.16% | Shares |
| State of New Jersey Common Pension Fund D | $12,741,489 | 380,116 | 0.16% | Shares |
| NEUBERGER BERMAN GROUP LLC | $12,583,207 | 375,394 | 0.16% | Shares |
| Balyasny Asset Management L.P. | $12,511,943 | 373,268 | 0.16% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $11,955,955 | 356,619 | 0.15% | Shares |
| Capital Investment Advisors, LLC | $11,799,642 | 352,018 | 0.15% | Shares |
| Allianz Asset Management GmbH | $11,598,389 | 346,014 | 0.15% | Shares |
| Mariner, LLC | $11,385,812 | 339,648 | 0.15% | Shares |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | $11,205,249 | 235,698 | 0.14% | Shares |
| AMERIPRISE FINANCIAL INC | $11,132,027 | 332,101 | 0.14% | Shares |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS | $10,933,856 | 326,189 | 0.14% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $10,919,624 | 391,104 | 0.14% | Shares |
| Davis Selected Advisers | $10,913,777 | 325,590 | 0.14% | Shares |
| MACQUARIE GROUP LTD | $10,509,727 | 313,536 | 0.13% | Shares |
| Squarepoint Ops LLC | $10,324,663 | 308,015 | 0.13% | Shares |
| Vanguard Investments Australia, Ltd. | $10,289,433 | 306,964 | 0.13% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $10,146,068 | 302,687 | 0.13% | Shares |
| CAPITAL FUND MANAGEMENT S.A. | $9,822,130 | 293,023 | 0.13% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $9,727,571 | 290,202 | 0.12% | Shares |
| Sophron Capital Management L.P. | $9,498,227 | 283,360 | 0.12% | Shares |
| Focus Partners Wealth | $9,481,521 | 282,861 | 0.12% | Shares |
| SummitTX Capital, L.P. | $9,460,819 | 282,244 | 0.12% | Shares |
| 1832 Asset Management L.P. | $9,424,148 | 281,150 | 0.12% | Shares |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | $9,353,991 | 279,057 | 0.12% | Shares |
| STATE OF WISCONSIN INVESTMENT BOARD | $9,254,738 | 276,096 | 0.12% | Shares |
| Mitsubishi UFJ Asset Management Co., Ltd. | $9,108,524 | 271,734 | 0.12% | Shares |
| EMG Holdings, L.P. | $9,050,400 | 270,000 | 0.12% | Shares |
| Zurcher Kantonalbank (Zurich Cantonalbank) | $8,994,556 | 268,334 | 0.11% | Shares |
| THIRD AVENUE MANAGEMENT LLC | $8,784,184 | 262,058 | 0.11% | Shares |
| Robeco Institutional Asset Management B.V. | $8,380,000 | 250,000 | 0.11% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $7,818,909 | 233,261 | 0.10% | Shares |
| Taproot Management LP | $6,790,200 | 243,202 | 0.09% | Shares |
| Legal & General Group Plc | $6,481,627 | 193,366 | 0.08% | Shares |
| Bayhunt Capital LLC | $6,479,000 | 201,838 | 0.08% | Shares |
| JANUS HENDERSON GROUP PLC | $6,477,313 | 232,037 | 0.08% | Shares |
Company insiders 20 insiders · 5 officers · 4 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| David P. Singelyn | Chief Executive Officer | Aug. 6, 2013 P | 6,860,783 | 0 | 0 | $0 |
| Christopher Lau | Chief Financial Officer | Sept. 2, 2021 S | 80,936 | 0 | 0 | $0 |
| Peter Nelson | Chief Financial Officer | Nov. 7, 2013 A | — | 0 | 0 | $0 |
| Bryan Smith | Chief Operating Officer | Aug. 30, 2021 M | 78,462 | 0 | 0 | $0 |
| David Goldberg | Executive Vice President | Nov. 7, 2013 A | — | 0 | 0 | $0 |
| Tamara Hughes Gustavson | Director | June 5, 2026 M | 9,415,345 | 0 | 0 | $0 |
| Winifred Markus Webb | Director | May 14, 2026 A | 32,017 | 0 | 0 | $0 |
| Matthew J Hart | Director | May 14, 2026 A | 68,018 | 0 | 1 | $-801,652 |
| American Homes 4 Rent, LLC | 10% owner | Aug. 6, 2013 P | 6,860,783 | 0 | 0 | $0 |
| Alaska Permanent Fund Corp | 10% owner | Aug. 6, 2013 P | 45,171,894 | 0 | 0 | $0 |
| Douglas N Benham | — | Aug. 12, 2026 P | 18,521 | 7 | 0 | $249,249 |
| Jack E Corrigan | — | Aug. 10, 2026 P | 19,000 | 23 | 0 | $460,568 |
| Lynn C Swann | — | May 14, 2026 A | 41,331 | 0 | 0 | $0 |
| Stephanie G Heim | — | June 23, 2017 S | 0 | 0 | 0 | $0 |
| HUGHES B WAYNE ET AL | — | March 22, 2017 P | 10,412,235 | 0 | 0 | $0 |
| Sara H. Vogt-Lowell | — | Feb. 26, 2017 F | 17,812 | 0 | 0 | $0 |
| Kenneth M. Woolley | — | Feb. 23, 2017 A | 36,333 | 0 | 0 | $0 |
| Diana Laing | — | Feb. 23, 2017 A | 25,000 | 0 | 0 | $0 |
| James H Kropp | — | Feb. 23, 2017 A | 5,000 | 0 | 0 | $0 |
| Dann V Angeloff | — | Feb. 23, 2017 A | 14,600 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 5 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| B. Wayne Hughes, Tamara Hughes Gustavson ×5 filings | March 12, 2020 | — | Initial filing | — | SEC |
| American Homes 4 Rent, LLC (“AHLLC”) (2), David P. Singelyn, as Manager of AHLLC (2) | Sept. 2, 2016 | — | Initial filing | — | SEC |
| HF Investments 2010, LLC (“HF Investments”) (2), David P. Singelyn (2) | Sept. 2, 2016 | — | Initial filing | Passive investment | SEC |
| Alaska Permanent Fund Corp. | Feb. 14, 2014 | — | Initial filing | Passive investment | SEC |
| American Homes 4 Rent, LLC (2), David P. Singelyn (2) | Aug. 16, 2013 | — | Initial filing | Passive investment | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 115 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| HAUS · Tidal Trust I | 4.23% | 11,408 NS | April 30, 2026 | N-PORT |
| IRET · Tidal Trust II | 3.58% | 2,983 NS | April 30, 2026 | N-PORT |
| BYRE · Principal Exchange-Traded Funds | 3.43% | 26,230 NS | June 30, 2026 | N-PORT |
| REZ · iShares Trust | 2.36% | 594,123 SH | Aug. 21, 2026 | Daily |
| PPTY · ETF Series Solutions | 2.24% | 17,242 NS | May 31, 2026 | N-PORT |
| PSR · Invesco Actively Managed Exchange-T… | 2.16% | 37,540 | Aug. 21, 2026 | Daily |
| FPRO · FIDELITY COVINGTON TRUST | 1.78% | 8,348 NS | April 30, 2026 | N-PORT |
| HOMZ · ETF Series Solutions | 1.59% | 16,787 NS | May 31, 2026 | N-PORT |
| ICF · iShares Trust | 1.51% | 922,007 SH | Aug. 21, 2026 | Daily |
| BLDG · Cambria ETF Trust | 1.40% | 22,548 NS | April 30, 2026 | N-PORT |
| XMLV · Invesco Exchange-Traded Fund Trust … | 1.35% | 290,890 | Aug. 21, 2026 | Daily |
| GQRE · FlexShares Trust | 1.30% | 155,890 NS | April 30, 2026 | N-PORT |
| RITA · ETF Series Solutions | 1.05% | 2,934 NS | April 30, 2026 | N-PORT |
| USRT · iShares Trust | 0.95% | 1,294,913 SH | Aug. 21, 2026 | Daily |
| BBRE · J.P. Morgan Exchange-Traded Fund Tr… | 0.91% | 348,900 NS | May 31, 2026 | N-PORT |
| FDFF · Fidelity Covington Trust | 0.83% | 10,792 NS | May 31, 2026 | N-PORT |
| IYR · iShares Trust | 0.78% | 1,044,110 SH | Aug. 21, 2026 | Daily |
| DFAR · Dimensional ETF Trust | 0.78% | 413,900 NS | April 30, 2026 | N-PORT |
| SCHH · SCHWAB STRATEGIC TRUST | 0.74% | 2,306,319 NS | May 31, 2026 | N-PORT |
| FREL · FIDELITY COVINGTON TRUST | 0.69% | 312,219 NS | April 30, 2026 | N-PORT |
| REET · iShares Trust | 0.62% | 913,816 SH | Aug. 21, 2026 | Daily |
| IVOV · VANGUARD ADMIRAL FUNDS | 0.61% | 272,005 SH | Aug. 19, 2026 | Daily |
| CZA · Invesco Exchange-Traded Fund Trust | 0.58% | 31,140 | Aug. 21, 2026 | Daily |
| VNQ · VANGUARD SPECIALIZED FUNDS | 0.57% | 12,094,944 SH | Aug. 19, 2026 | Daily |
| AVRE · AMERICAN CENTURY ETF TRUST | 0.54% | 136,004 NS | May 31, 2026 | N-PORT |
| DFGR · Dimensional ETF Trust | 0.53% | 587,575 NS | April 30, 2026 | N-PORT |
| ERET · iShares Trust | 0.53% | 2,146 SH | Aug. 21, 2026 | Daily |
| FNK · First Trust Exchange-Traded AlphaDE… | 0.48% | 32,750 NS | April 30, 2026 | N-PORT |
| SIXL · EXCHANGE TRADED CONCEPTS TRUST | 0.46% | 27,201 NS | May 31, 2026 | N-PORT |
| IQSM · New York Life Investments ETF Trust | 0.45% | 44,458 NS | April 30, 2026 | N-PORT |
| BTAL · AGF Investments Trust | 0.44% | 36,938 NS | June 30, 2026 | N-PORT |
| MIDE · DBX ETF Trust | 0.42% | 438 NS | May 29, 2026 | N-PORT |
| FVD · First Trust Exchange-Traded Fund | 0.41% | 990,607 NS | June 30, 2026 | N-PORT |
| QVMM · Invesco Exchange-Traded Fund Trust … | 0.33% | 42,097 | Aug. 21, 2026 | Daily |
| PTMC · Pacer Funds Trust | 0.30% | 37,403 NS | April 30, 2026 | N-PORT |
| IVOO · VANGUARD ADMIRAL FUNDS | 0.29% | 511,134 SH | Aug. 19, 2026 | Daily |
| BKMC · BNY Mellon ETF Trust | 0.27% | 53,019 NS | April 30, 2026 | N-PORT |
| HSMV · First Trust Exchange-Traded Fund III | 0.27% | 2,562 NS | April 30, 2026 | N-PORT |
| FNX · First Trust Exchange-Traded AlphaDE… | 0.23% | 97,528 NS | April 30, 2026 | N-PORT |
| VBR · VANGUARD INDEX FUNDS | 0.23% | 4,717,224 SH | Aug. 19, 2026 | Daily |
| MVV · ProShares Trust | 0.23% | 11,266 NS | May 31, 2026 | N-PORT |
| JPME · J.P. Morgan Exchange-Traded Fund Tr… | 0.23% | 31,024 NS | April 30, 2026 | N-PORT |
| FSMD · FIDELITY COVINGTON TRUST | 0.22% | 162,467 NS | April 30, 2026 | N-PORT |
| PGX · Invesco Exchange-Traded Fund Trust … | 0.21% | 333,200 | Aug. 21, 2026 | Daily |
| MIDU · Direxion Shares ETF Trust | 0.21% | 5,399 NS | April 30, 2026 | N-PORT |
| CAPE · DoubleLine ETF Trust | 0.20% | 14,417 NS | June 30, 2026 | N-PORT |
| BBMC · J.P. Morgan Exchange-Traded Fund Tr… | 0.20% | 124,562 NS | April 30, 2026 | N-PORT |
| SCHM · SCHWAB STRATEGIC TRUST | 0.19% | 880,848 NS | May 31, 2026 | N-PORT |
| FNDA · SCHWAB STRATEGIC TRUST | 0.18% | 500,832 NS | May 31, 2026 | N-PORT |
| ISCV · iShares Trust | 0.17% | 35,549 SH | Aug. 21, 2026 | Daily |