Whittier Trust Co. Sells 263,089 Shares of American Homes 4 Rent $AMH

Whittier Trust Co. lowered its position in shares of American Homes 4 Rent (NYSE:AMH) by 91.3% in the first quarter, Holdings Channel reports. The institutional investor owned 25,154 shares of the real estate investment trust’s stock after selling 263,089 shares during the period. Whittier Trust Co.’s holdings in American Homes 4 Rent were worth $732,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Wilmington Savings Fund Society FSB raised its stake in American Homes 4 Rent by 10,728.6% in the 3rd 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 in the last quarter. IFP Advisors Inc increased its holdings in shares of American Homes 4 Rent by 122.2% during the fourth quarter. IFP Advisors Inc now owns 802 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 441 shares during the period. True Wealth Design LLC increased its holdings in shares of American Homes 4 Rent by 230.8% during the fourth quarter. True Wealth Design LLC now owns 827 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 577 shares during the period. Parallel Advisors LLC raised its holdings 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 acquiring an additional 442 shares in the last quarter. Finally, Prosperity Bancshares Inc acquired a new position in American Homes 4 Rent in the fourth quarter valued at about $35,000. Institutional investors own 91.87% of the company’s stock.

American Homes 4 Rent Stock Down 2.0%

Shares of American Homes 4 Rent stock opened at $33.33 on Thursday. The stock’s 50-day moving average is $32.50 and its 200 day moving average is $31.12. American Homes 4 Rent has a one year low of $27.22 and a one year high of $36.86. The firm has a market cap of $12.02 billion, a price-to-earnings ratio of 27.09, a PEG ratio of 4.59 and a beta of 0.79. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.57 and a quick ratio of 0.57.

American Homes 4 Rent (NYSE:AMH) last issued its earnings results on Wednesday, May 6th. The real estate investment trust reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.30. The business had revenue of $472.02 million during the quarter, compared to the consensus estimate of $470.62 million. American Homes 4 Rent had a return on equity of 6.08% and a net margin of 25.27%.The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.46 earnings per share. American Homes 4 Rent has set its FY 2026 guidance at 1.890-1.950 EPS. Equities research analysts anticipate 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. Investors of record on Monday, June 15th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date was Monday, June 15th. American Homes 4 Rent’s payout ratio is presently 107.32%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on AMH. Weiss Ratings upgraded shares of American Homes 4 Rent from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 20th. Mizuho lifted their price objective on American Homes 4 Rent from $29.00 to $35.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 17th. 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. Compass Point assumed coverage on shares of American Homes 4 Rent in a report on Tuesday, April 28th. They set a “buy” rating and a $37.50 price target for the company. Finally, Barclays boosted their price target on shares of American Homes 4 Rent from $31.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, American Homes 4 Rent currently has an average rating of “Moderate Buy” and a consensus target price of $36.25.

Insider Transactions 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 on Monday, May 18th. The stock was acquired at an average cost of $23.53 per share, for a total transaction of $48,024.73. Following the completion of the acquisition, the director owned 17,000 shares of the company’s stock, valued at $400,010. This trade represents a 13.64% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have acquired 5,000 shares of company stock worth $117,024 over the last 90 days. 5.70% of the stock is owned by corporate 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.