American Homes 4 Rent $AMH Shares Sold by Diligent Investors LLC

Diligent Investors LLC reduced its holdings in American Homes 4 Rent (NYSE:AMH) by 35.4% during the third quarter, Holdings Channel reports. The firm owned 48,838 shares of the real estate investment trust’s stock after selling 26,781 shares during the period. Diligent Investors LLC’s holdings in American Homes 4 Rent were worth $1,624,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Thrivent Financial for Lutherans boosted 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 acquiring an additional 50,587 shares in the last quarter. 12th Street Asset Management Company LLC raised its position in shares of American Homes 4 Rent by 64.3% during the third 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 period. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of American Homes 4 Rent by 24.0% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,506,317 shares of the real estate investment trust’s stock valued at $83,335,000 after purchasing an additional 485,401 shares during the last quarter. Retirement Systems of Alabama lifted its holdings in shares of American Homes 4 Rent by 13.3% during the third quarter. Retirement Systems of Alabama now owns 910,363 shares of the real estate investment trust’s stock valued at $30,270,000 after purchasing an additional 106,550 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its position in shares of American Homes 4 Rent by 608,877.8% in the 3rd quarter. Pacer Advisors Inc. now owns 54,808 shares of the real estate investment trust’s stock valued at $1,822,000 after purchasing an additional 54,799 shares during the period. 91.87% of the stock is owned by institutional investors and hedge funds.

American Homes 4 Rent Stock Performance

Shares of AMH stock opened at $28.37 on Friday. The company has a market capitalization of $10.32 billion, a price-to-earnings ratio of 24.04, a P/E/G ratio of 4.11 and a beta of 0.80. American Homes 4 Rent has a 1-year low of $28.21 and a 1-year high of $39.49. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.66. The stock’s fifty day simple moving average is $30.84 and its 200-day simple moving average is $31.99.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings data on Thursday, February 19th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.14). American Homes 4 Rent had a return on equity of 5.93% and a net margin of 24.48%.The business had revenue of $402.93 million during the quarter, compared to analysts’ expectations of $459.24 million. During the same period in the prior year, the company posted $0.45 earnings per share. The firm’s revenue was up 4.2% on a year-over-year basis. American Homes 4 Rent has set its FY 2026 guidance at 1.890-1.950 EPS. On average, sell-side analysts predict that American Homes 4 Rent will post 1.85 earnings per share 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. Stockholders of record on Friday, March 13th will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.7%. 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. American Homes 4 Rent’s payout ratio is currently 101.69%.

Insider Buying and Selling

In related news, Director Douglas N. Benham purchased 1,200 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The stock was acquired at an average cost of $24.20 per share, for a total transaction of $29,040.00. Following the completion of the acquisition, the director owned 44,717 shares in the company, valued at $1,082,151.40. This trade represents a 2.76% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David Goldberg acquired 2,000 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The shares were bought at an average cost of $29.30 per share, for a total transaction of $58,600.00. Following the completion of the transaction, the director directly owned 36,723 shares of the company’s stock, valued at $1,075,983.90. This represents a 5.76% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 6,771 shares of company stock valued at $183,684 over the last three months. 6.32% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Barclays dropped their price target on American Homes 4 Rent from $33.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Friday, March 6th. JPMorgan Chase & Co. reduced their price objective 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. Raymond James Financial reiterated a “market perform” rating on shares of American Homes 4 Rent in a report on Friday, February 27th. Morgan Stanley dropped their target price on shares of American Homes 4 Rent from $40.00 to $39.00 and set an “overweight” rating on the stock in a research report on Monday, March 9th. Finally, Scotiabank reduced their price target on shares of American Homes 4 Rent from $33.00 to $31.00 and set a “sector perform” rating for the company in a research report on Wednesday, March 4th. Seven equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, American Homes 4 Rent presently has an average rating of “Hold” and an average price target of $35.53.

American Homes 4 Rent 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.