Resona Asset Management Co. Ltd. Has $4.03 Million Position in American Homes 4 Rent $AMH

Resona Asset Management Co. Ltd. lowered its holdings in American Homes 4 Rent (NYSE:AMH) by 23.0% during the first quarter, HoldingsChannel.com reports. The fund owned 144,415 shares of the real estate investment trust’s stock after selling 43,079 shares during the period. Resona Asset Management Co. Ltd.’s holdings in American Homes 4 Rent were worth $4,033,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Jones Financial Companies Lllp grew its stake in shares of American Homes 4 Rent by 1,103.6% in the 1st quarter. Jones Financial Companies Lllp now owns 13,047 shares of the real estate investment trust’s stock valued at $493,000 after purchasing an additional 11,963 shares during the period. Cetera Investment Advisers grew its position in American Homes 4 Rent by 3.3% in the second quarter. Cetera Investment Advisers now owns 16,819 shares of the real estate investment trust’s stock valued at $607,000 after acquiring an additional 537 shares during the period. Walleye Capital LLC acquired a new position in American Homes 4 Rent during the second quarter worth $255,000. Jump Financial LLC acquired a new position in American Homes 4 Rent during the second quarter worth $413,000. Finally, Cerity Partners LLC lifted its holdings in shares of 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 valued at $1,643,000 after acquiring an additional 2,401 shares during the period. Institutional investors own 91.87% of the company’s stock.

American Homes 4 Rent Trading Down 0.1%

Shares of NYSE AMH opened at $33.23 on Monday. American Homes 4 Rent has a 1-year low of $27.22 and a 1-year high of $36.86. The company has a 50-day moving average of $32.56 and a two-hundred day moving average of $31.14. The company has a market cap of $11.98 billion, a PE ratio of 27.02, a P/E/G ratio of 4.49 and a beta of 0.79. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.67.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $0.48 EPS for the quarter, beating the consensus estimate of $0.18 by $0.30. The business had revenue of $472.02 million for the quarter, compared to analysts’ expectations 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 revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.46 earnings per share. American Homes 4 Rent has set its FY 2026 guidance at 1.890-1.950 EPS. As a group, equities analysts expect that American Homes 4 Rent will post 1.88 earnings per share for the current fiscal year.

American Homes 4 Rent Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were given a dividend of $0.33 per share. The ex-dividend date was Monday, June 15th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.0%. American Homes 4 Rent’s payout ratio is presently 107.32%.

Analyst Ratings Changes

AMH has been the topic of several analyst reports. Wall Street Zen raised shares of American Homes 4 Rent from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Scotiabank lifted their price target on shares of American Homes 4 Rent from $32.00 to $33.00 and gave the company a “sector perform” rating in a report on Thursday, June 18th. Barclays boosted their price target on shares of American Homes 4 Rent from $31.00 to $32.00 and gave the company an “equal weight” rating in a research report on Monday, April 27th. Mizuho upped 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 research note on Wednesday, June 17th. Finally, Raymond James Financial raised shares of American Homes 4 Rent from a “market perform” rating to an “outperform” rating and set a $35.00 price objective for the company in a report on Monday, May 18th. 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 data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.25.

Insider Buying and Selling at American Homes 4 Rent

In other news, Director Jack E. Corrigan purchased 2,041 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The shares were acquired at an average price of $23.53 per share, for a total transaction of $48,024.73. Following the completion of the acquisition, the director directly owned 17,000 shares in the company, valued at approximately $400,010. The trade was a 13.64% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders acquired a total of 5,000 shares of company stock worth $117,024 in the last ninety days. Insiders own 5.70% of the company’s stock.

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.