Easterly Investment Partners LLC cut its position in shares of American Homes 4 Rent (NYSE:AMH – Free Report) by 12.5% during the 4th quarter, Holdings Channel reports. The firm owned 248,824 shares of the real estate investment trust’s stock after selling 35,400 shares during the quarter. Easterly Investment Partners LLC’s holdings in American Homes 4 Rent were worth $7,987,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently modified their holdings of the company. Thrivent Financial for Lutherans increased its stake in shares of American Homes 4 Rent by 67.6% during the 3rd quarter. Thrivent Financial for Lutherans now owns 125,412 shares of the real estate investment trust’s stock worth $4,170,000 after purchasing an additional 50,587 shares during the last quarter. 12th Street Asset Management Company LLC increased its stake in shares of American Homes 4 Rent by 64.3% during the 3rd quarter. 12th Street Asset Management Company LLC now owns 158,081 shares of the real estate investment trust’s stock worth $5,256,000 after purchasing an additional 61,838 shares during the last quarter. Centersquare Investment Management LLC increased its stake in shares of American Homes 4 Rent by 25.9% during the 3rd quarter. Centersquare Investment Management LLC now owns 5,271,280 shares of the real estate investment trust’s stock worth $175,270,000 after purchasing an additional 1,082,972 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of American Homes 4 Rent by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 44,715,728 shares of the real estate investment trust’s stock worth $1,486,798,000 after buying an additional 246,713 shares during the period. Finally, Aew Capital Management L P boosted its holdings in shares of American Homes 4 Rent by 56.0% during the 3rd quarter. Aew Capital Management L P now owns 2,064,622 shares of the real estate investment trust’s stock worth $68,649,000 after buying an additional 741,388 shares during the period. 91.87% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at American Homes 4 Rent
In other American Homes 4 Rent news, Director David Goldberg acquired 2,000 shares of the business’s stock in a transaction on Tuesday, March 3rd. The stock was purchased at an average price of $29.30 per share, with a total value of $58,600.00. Following the acquisition, the director directly owned 36,723 shares of the company’s stock, valued at approximately $1,075,983.90. This trade represents a 5.76% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jack E. Corrigan acquired 2,041 shares of the business’s stock in a transaction on Monday, May 18th. The stock was acquired at an average cost of $23.53 per share, with a total value of $48,024.73. Following the acquisition, the director directly owned 17,000 shares in the company, valued at approximately $400,010. This trade represents a 13.64% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders acquired a total of 7,000 shares of company stock valued at $175,624 in the last three months. Insiders own 5.70% of the company’s stock.
American Homes 4 Rent Stock Performance
American Homes 4 Rent (NYSE:AMH – Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.30. The firm had revenue of $472.02 million during the quarter, compared to the consensus estimate of $470.62 million. American Homes 4 Rent had a net margin of 25.27% and a return on equity of 6.08%. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.46 EPS. American Homes 4 Rent has set its FY 2026 guidance at 1.890-1.950 EPS. Analysts anticipate that American Homes 4 Rent will post 1.93 earnings per share for the current year.
American Homes 4 Rent Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.32 dividend on an annualized basis and a yield of 4.1%. American Homes 4 Rent’s payout ratio is currently 107.32%.
Analyst Upgrades and Downgrades
Several analysts recently commented on the stock. Mizuho reduced their target price on shares of American Homes 4 Rent from $32.00 to $29.00 and set a “neutral” rating for the company in a report on Friday, March 13th. Barclays lifted their target price on shares of American Homes 4 Rent from $31.00 to $32.00 and gave the stock an “equal weight” rating in a report on Monday, April 27th. UBS Group dropped their target price on American Homes 4 Rent from $33.00 to $32.00 and set a “neutral” rating for the company in a report on Tuesday, May 19th. Scotiabank boosted their target price on shares of American Homes 4 Rent from $31.00 to $32.00 and gave the company a “sector perform” rating in a research report on Thursday, May 21st. Finally, Keefe, Bruyette & Woods boosted their target price on shares of American Homes 4 Rent from $35.00 to $36.00 and gave the company an “outperform” rating in a research report on Tuesday, May 12th. Nine analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, American Homes 4 Rent currently has a consensus rating of “Hold” and a consensus price target of $34.97.
Read Our Latest Stock Report on American Homes 4 Rent
About American Homes 4 Rent
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.
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