American Homes 4 Rent (AMH · NYSE)

American Homes 4 Rent shares have slid 6.5% over the past month to $30.26, leaving the stock 12.2% below its 52-week high with RSI at 31 and trading below both its 20- and 50-day moving averages. Fundamentals remain steady: the company beat estimates in all four of its last quarters, including $0.49 versus $0.47 expected for the quarter ended June 30, 2026, with TTM revenue of $1.88B up 2.8% year over year and earnings up 10.6%. Leverage sits at 5.3x debt/EBITDA on $5.15B of total debt, while the quarter generated $269.4M in free cash flow against $83.7M in cash. A Schedule 13D amendment shows the Estate of B. Wayne Hughes distributed its full 21.47M-share Class A position, though recent institutional buying from Ohio's pension system and Adelante Capital added a combined roughly $45M in new positions.