Sumitomo Mitsui Trust Group Inc. cut its holdings in shares of American Homes 4 Rent (NYSE:AMH – Free Report) by 12.1% during the first quarter, Holdings Channel reports. The fund owned 2,228,492 shares of the real estate investment trust’s stock after selling 306,329 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in American Homes 4 Rent were worth $62,219,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB boosted its position in American Homes 4 Rent by 10,728.6% during the third quarter. Wilmington Savings Fund Society FSB now owns 758 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 751 shares during the period. IFP Advisors Inc lifted its stake in shares of American Homes 4 Rent by 122.2% during the 4th quarter. IFP Advisors Inc now owns 802 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 441 shares during the last quarter. True Wealth Design LLC boosted its holdings in shares of American Homes 4 Rent by 230.8% during the 4th quarter. True Wealth Design LLC now owns 827 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 577 shares during the period. Parallel Advisors LLC grew its stake in American Homes 4 Rent by 84.8% in the 3rd quarter. Parallel Advisors LLC now owns 963 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 442 shares during the last quarter. Finally, Prosperity Bancshares Inc acquired a new position in American Homes 4 Rent in the 4th quarter valued at about $35,000. Institutional investors own 91.87% of the company’s stock.
Insider Buying and Selling at American Homes 4 Rent
In related news, Director Jack E. Corrigan purchased 2,041 shares of American Homes 4 Rent stock in a transaction dated Monday, May 18th. The shares were bought at an average cost of $23.53 per share, for a total transaction of $48,024.73. Following the purchase, the director owned 17,000 shares in the company, valued at approximately $400,010. This trade represents a 13.64% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders have purchased 5,000 shares of company stock valued at $117,024. Company insiders own 5.70% of the company’s stock.
American Homes 4 Rent Price Performance
American Homes 4 Rent (NYSE:AMH – Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $0.48 EPS for the quarter, beating the consensus estimate of $0.18 by $0.30. American Homes 4 Rent had a net margin of 25.27% and a return on equity of 6.08%. The business had revenue of $472.02 million during the quarter, compared to the consensus estimate of $470.62 million. During the same period in the previous year, the business earned $0.46 earnings per share. The company’s revenue was up 2.8% on a year-over-year basis. American Homes 4 Rent has set its FY 2026 guidance at 1.890-1.950 EPS. As a group, research analysts forecast that American Homes 4 Rent will post 1.88 EPS for the current year.
American Homes 4 Rent Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were issued a $0.33 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.0%. American Homes 4 Rent’s dividend payout ratio is 107.32%.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on AMH shares. Weiss Ratings upgraded American Homes 4 Rent from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 20th. Raymond James Financial upgraded American Homes 4 Rent from a “market perform” rating to an “outperform” rating and set a $35.00 price target for the company in a research note on Monday, May 18th. Deutsche Bank Aktiengesellschaft set a $39.00 price objective on American Homes 4 Rent in a research report on Friday, June 26th. UBS Group boosted their target price on shares of American Homes 4 Rent from $32.00 to $35.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, Jefferies Financial Group raised shares of American Homes 4 Rent to a “strong-buy” rating in a research report on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $36.25.
Check Out Our Latest Stock Analysis 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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