SG Americas Securities LLC Sells 148,598 Shares of American Homes 4 Rent $AMH

SG Americas Securities LLC reduced its holdings in shares of American Homes 4 Rent (NYSE:AMH) by 76.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,586 shares of the real estate investment trust’s stock after selling 148,598 shares during the quarter. SG Americas Securities LLC’s holdings in American Homes 4 Rent were worth $1,273,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in AMH. Norges Bank bought a new position in American Homes 4 Rent in the 4th quarter valued at about $710,672,000. State Street Corp increased its holdings in American Homes 4 Rent by 2.2% during the 3rd quarter. State Street Corp now owns 18,424,196 shares of the real estate investment trust’s stock worth $612,605,000 after purchasing an additional 399,894 shares in the last quarter. Principal Financial Group Inc. increased its holdings in American Homes 4 Rent by 8.7% during the 4th quarter. Principal Financial Group Inc. now owns 15,810,964 shares of the real estate investment trust’s stock worth $507,532,000 after purchasing an additional 1,260,717 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of American Homes 4 Rent by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 7,355,760 shares of the real estate investment trust’s stock worth $235,572,000 after purchasing an additional 161,676 shares during the last quarter. Finally, Invesco Ltd. raised its stake in shares of American Homes 4 Rent by 30.1% in the fourth quarter. Invesco Ltd. now owns 6,161,646 shares of the real estate investment trust’s stock worth $197,789,000 after purchasing an additional 1,425,912 shares during the last quarter. 91.87% of the stock is owned by institutional investors.

American Homes 4 Rent Stock Down 0.1%

American Homes 4 Rent stock opened at $34.03 on Friday. The firm has a 50 day moving average price of $32.30 and a 200-day moving average price of $31.08. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.67. American Homes 4 Rent has a twelve month low of $27.22 and a twelve month high of $36.86. The company has a market capitalization of $12.27 billion, a P/E ratio of 27.67, a P/E/G ratio of 4.60 and a beta of 0.79.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $0.48 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $472.02 million for the quarter, compared to analysts’ expectations of $470.62 million. During the same quarter in the previous year, the firm posted $0.46 EPS. American Homes 4 Rent’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, equities analysts predict that American Homes 4 Rent will post 1.88 EPS for the current year.

American Homes 4 Rent Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were paid a $0.33 dividend. The ex-dividend date was Monday, June 15th. This represents a $1.32 annualized dividend and a dividend yield of 3.9%. American Homes 4 Rent’s payout ratio is presently 107.32%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AMH. Compass Point assumed coverage on American Homes 4 Rent in a research report on Tuesday, April 28th. They set a “buy” rating and a $37.50 target price on the stock. Wall Street Zen raised American Homes 4 Rent from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Jefferies Financial Group upgraded American Homes 4 Rent to a “strong-buy” rating in a research note on Friday, June 26th. Mizuho lifted their price objective on shares of American Homes 4 Rent from $29.00 to $35.00 and gave the stock a “neutral” rating in a report on Wednesday, June 17th. Finally, BMO Capital Markets upgraded shares of American Homes 4 Rent from a “market perform” rating to an “outperform” rating and set a $39.00 target price for the company in a research note on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, American Homes 4 Rent has a consensus rating of “Moderate Buy” and a consensus price target of $36.08.

Insider Buying and Selling at American Homes 4 Rent

In other news, Director Jack E. Corrigan purchased 2,041 shares of the business’s stock in a transaction dated Monday, May 18th. The stock was bought at an average price of $23.53 per share, for a total transaction of $48,024.73. Following the purchase, the director owned 17,000 shares of the company’s stock, valued at $400,010. The trade was a 13.64% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders acquired 5,000 shares of company stock worth $117,024. 5.70% of the stock is currently owned by corporate insiders.

American Homes 4 Rent Company Profile

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.