Candriam S.C.A. Trims Holdings in American Homes 4 Rent $AMH

Candriam S.C.A. lessened its stake in American Homes 4 Rent (NYSE:AMH) by 16.1% during the 1st quarter, HoldingsChannel.com reports. The fund owned 202,137 shares of the real estate investment trust’s stock after selling 38,779 shares during the period. Candriam S.C.A.’s holdings in American Homes 4 Rent were worth $5,644,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Jones Financial Companies Lllp lifted its holdings in shares of American Homes 4 Rent by 1,103.6% during the first quarter. Jones Financial Companies Lllp now owns 13,047 shares of the real estate investment trust’s stock worth $493,000 after purchasing an additional 11,963 shares during the period. Cetera Investment Advisers grew its stake in shares of American Homes 4 Rent by 3.3% during the 2nd quarter. Cetera Investment Advisers now owns 16,819 shares of the real estate investment trust’s stock worth $607,000 after purchasing an additional 537 shares during the period. Walleye Capital LLC purchased a new stake in American Homes 4 Rent during the second quarter worth about $255,000. Jump Financial LLC acquired a new position in American Homes 4 Rent during the second quarter worth about $413,000. Finally, Cerity Partners LLC raised its holdings in American Homes 4 Rent by 5.6% during the second quarter. Cerity Partners LLC now owns 45,558 shares of the real estate investment trust’s stock worth $1,643,000 after purchasing an additional 2,401 shares during the last quarter. 91.87% of the stock is currently owned by hedge funds and other institutional investors.

American Homes 4 Rent Stock Performance

American Homes 4 Rent stock opened at $33.82 on Tuesday. 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 has a 12 month low of $27.22 and a 12 month high of $36.86. The company has a fifty day moving average price of $32.60 and a two-hundred day moving average price of $31.16. The company has a market cap of $12.19 billion, a PE ratio of 27.49, a P/E/G ratio of 4.49 and a beta of 0.79.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.30. The firm had revenue of $472.02 million for the quarter, compared to analyst estimates of $470.62 million. American Homes 4 Rent had a net margin of 25.27% and a return on equity of 6.08%. American Homes 4 Rent’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.46 earnings per share. American Homes 4 Rent has set its FY 2026 guidance at 1.890-1.950 EPS. Research analysts expect that American Homes 4 Rent will post 1.88 earnings per share for the current year.

American Homes 4 Rent Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Mizuho lifted their target price on shares of American Homes 4 Rent from $29.00 to $35.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 17th. Deutsche Bank Aktiengesellschaft set a $39.00 price target on American Homes 4 Rent in a research note on Friday, June 26th. Jefferies Financial Group raised shares of American Homes 4 Rent to a “strong-buy” rating in a research report on Friday, June 26th. Wells Fargo & Company boosted their price objective on shares of American Homes 4 Rent from $34.00 to $36.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Finally, BMO Capital Markets upgraded 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 investment 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’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $36.25.

Insider Buying and Selling

In other American Homes 4 Rent news, Director Jack E. Corrigan purchased 2,041 shares of the business’s stock in a transaction dated Monday, May 18th. The shares were bought at an average price of $23.53 per share, with a total value of $48,024.73. Following the completion of the acquisition, the director owned 17,000 shares in the company, valued at approximately $400,010. This represents a 13.64% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders have bought 5,000 shares of company stock valued at $117,024. 5.70% of the stock is currently owned by corporate insiders.

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.