American Homes 4 Rent $AMH Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. cut its stake in shares of American Homes 4 Rent (NYSE:AMH) by 44.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,881,020 shares of the real estate investment trust’s stock after selling 6,359,939 shares during the period. JPMorgan Chase & Co. owned approximately 2.12% of American Homes 4 Rent worth $262,044,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB lifted its holdings in American Homes 4 Rent by 10,728.6% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 758 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 751 shares in the last quarter. Hantz Financial Services Inc. raised its position in American Homes 4 Rent by 922.2% in the 2nd quarter. Hantz Financial Services Inc. now owns 828 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 747 shares in the last quarter. AlphaQuest LLC purchased a new stake in shares of American Homes 4 Rent during the second quarter worth approximately $33,000. SJS Investment Consulting Inc. acquired a new stake in American Homes 4 Rent in the third quarter valued at approximately $43,000. Finally, Rakuten Investment Management Inc. purchased a new position in American Homes 4 Rent in the third quarter worth approximately $47,000. 91.87% of the stock is currently owned by hedge funds and other institutional investors.

American Homes 4 Rent Stock Performance

Shares of AMH opened at $30.90 on Friday. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.62. The business’s 50 day moving average is $31.52 and its two-hundred day moving average is $32.58. The firm has a market cap of $11.47 billion, a price-to-earnings ratio of 26.19, a PEG ratio of 2.99 and a beta of 0.80. American Homes 4 Rent has a 52-week low of $28.84 and a 52-week high of $39.49.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings results on Thursday, February 19th. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.47. The firm had revenue of $402.93 million for the quarter, compared to analysts’ expectations of $459.24 million. American Homes 4 Rent had a net margin of 24.70% and a return on equity of 5.90%. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.45 earnings per share. American Homes 4 Rent has set its FY 2026 guidance at 1.890-1.950 EPS. Analysts forecast that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

American Homes 4 Rent Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be issued a $0.33 dividend. This is a positive change from American Homes 4 Rent’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Friday, March 13th. This represents a $1.32 annualized dividend and a dividend yield of 4.3%. American Homes 4 Rent’s dividend payout ratio (DPR) is 101.69%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Weiss Ratings restated a “hold (c)” rating on shares of American Homes 4 Rent in a research note on Wednesday, January 21st. JPMorgan Chase & Co. reduced their target price on shares of American Homes 4 Rent from $38.00 to $37.00 and set a “neutral” rating for the company in a research note on Monday, January 12th. Evercore dropped their target price on shares of American Homes 4 Rent from $40.00 to $39.00 and set an “outperform” rating for the company in a report on Friday, October 31st. Wall Street Zen downgraded American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Sunday, January 18th. Finally, Wells Fargo & Company reduced their target price on American Homes 4 Rent from $38.00 to $37.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 25th. Eight investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, American Homes 4 Rent has a consensus rating of “Hold” and an average target price of $37.44.

Insider Transactions at American Homes 4 Rent

In other American Homes 4 Rent news, Director Jack E. Corrigan acquired 5,000 shares of American Homes 4 Rent stock in a transaction dated Tuesday, December 9th. The stock was acquired at an average cost of $22.96 per share, for a total transaction of $114,800.00. Following the completion of the transaction, the director owned 17,300 shares in the company, valued at approximately $397,208. This represents a 40.65% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 6.32% of the stock is owned by insiders.

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.