Sei Investments Co. Sells 689,047 Shares of American Homes 4 Rent $AMH

Sei Investments Co. reduced its holdings in American Homes 4 Rent (NYSE:AMH) by 50.9% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 663,755 shares of the real estate investment trust’s stock after selling 689,047 shares during the quarter. Sei Investments Co.’s holdings in American Homes 4 Rent were worth $18,532,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Norges Bank bought a new stake in shares of American Homes 4 Rent during the 4th quarter valued at $710,672,000. Bank of Montreal Can grew its stake in shares of American Homes 4 Rent by 3,526.2% during the fourth quarter. Bank of Montreal Can now owns 4,599,850 shares of the real estate investment trust’s stock worth $147,655,000 after purchasing an additional 4,472,998 shares during the period. Principal Financial Group Inc. grew its stake in shares of American Homes 4 Rent by 19.8% during the first quarter. Principal Financial Group Inc. now owns 18,937,398 shares of the real estate investment trust’s stock worth $528,736,000 after purchasing an additional 3,126,434 shares during the period. AQR Capital Management LLC increased its holdings in American Homes 4 Rent by 1,299.8% in the fourth quarter. AQR Capital Management LLC now owns 3,112,624 shares of the real estate investment trust’s stock valued at $99,915,000 after purchasing an additional 2,890,263 shares during the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC increased its holdings in American Homes 4 Rent by 104.4% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 4,850,171 shares of the real estate investment trust’s stock valued at $155,690,000 after purchasing an additional 2,477,585 shares during the last quarter. 91.87% of the stock is owned by institutional investors.

Insider Buying and Selling

In other American Homes 4 Rent news, Director Jack E. Corrigan acquired 2,041 shares of American Homes 4 Rent stock in a transaction dated Monday, May 18th. The stock was bought at an average cost of $23.53 per share, for a total transaction of $48,024.73. Following the purchase, the director directly owned 17,000 shares in the company, valued at approximately $400,010. This represents a 13.64% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Over the last quarter, insiders have bought 5,000 shares of company stock worth $117,024. Insiders own 5.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on AMH shares. Scotiabank raised their target price on American Homes 4 Rent from $32.00 to $33.00 and gave the stock a “sector perform” rating in a report on Thursday, June 18th. Compass Point assumed coverage on American Homes 4 Rent in a research note on Tuesday, April 28th. They issued a “buy” rating and a $37.50 price target for the company. Barclays boosted their price objective on shares of American Homes 4 Rent from $32.00 to $36.00 and gave the company an “equal weight” rating in a report on Tuesday, July 14th. Wall Street Zen raised shares of American Homes 4 Rent from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Deutsche Bank Aktiengesellschaft set a $39.00 price objective on shares of American Homes 4 Rent in a research report on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, American Homes 4 Rent presently has an average rating of “Moderate Buy” and an average target price of $36.47.

American Homes 4 Rent Price Performance

Shares of AMH opened at $33.67 on Thursday. The stock has a market capitalization of $12.14 billion, a P/E ratio of 27.38, a P/E/G ratio of 4.56 and a beta of 0.79. American Homes 4 Rent has a twelve month low of $27.22 and a twelve month high of $36.13. The company has a 50 day moving average of $33.04 and a 200-day moving average of $31.31. 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 (NYSE:AMH) last announced its quarterly earnings data 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 business had revenue of $472.02 million for the quarter, compared to analyst estimates of $470.62 million. During the same quarter in the previous year, the firm posted $0.46 earnings per share. The firm’s revenue for the quarter 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 research analysts forecast that American Homes 4 Rent will post 1.88 EPS for the current fiscal year.

American Homes 4 Rent Dividend Announcement

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

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.