Bank of New York Mellon Corp Has $95.76 Million Holdings in American Homes 4 Rent $AMH

Bank of New York Mellon Corp reduced its stake in shares of American Homes 4 Rent (NYSE:AMH) by 0.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,983,085 shares of the real estate investment trust’s stock after selling 23,239 shares during the quarter. Bank of New York Mellon Corp’s holdings in American Homes 4 Rent were worth $95,757,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB raised its stake in shares of 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 valued at $25,000 after buying an additional 751 shares in the last quarter. IFP Advisors Inc grew its holdings in American Homes 4 Rent by 122.2% during the 4th quarter. IFP Advisors Inc now owns 802 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 441 shares during the last quarter. True Wealth Design LLC grew its holdings in American Homes 4 Rent by 230.8% during the 4th quarter. True Wealth Design LLC now owns 827 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 577 shares during the last quarter. Parallel Advisors LLC grew its holdings in American Homes 4 Rent by 84.8% during the 3rd quarter. Parallel Advisors LLC now owns 963 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 442 shares during the last quarter. Finally, V Square Quantitative Management LLC bought a new position in shares of American Homes 4 Rent in the 4th quarter valued at about $37,000. Institutional investors and hedge funds own 91.87% of the company’s stock.

Analysts Set New Price Targets

AMH has been the topic of several recent analyst reports. Barclays lifted their price objective on shares of American Homes 4 Rent from $31.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Monday, April 27th. Citigroup lowered their price objective on shares of American Homes 4 Rent from $34.50 to $33.50 and set a “neutral” rating for the company in a research report on Monday, March 2nd. Morgan Stanley lowered their price objective on shares of American Homes 4 Rent from $39.00 to $38.50 and set an “overweight” rating on the stock in a report on Wednesday, May 27th. UBS Group lowered their target price on shares of American Homes 4 Rent from $33.00 to $32.00 and set a “neutral” rating on the stock in a report on Tuesday, May 19th. Finally, Citizens Jmp lowered their target price on shares of American Homes 4 Rent from $41.00 to $37.00 and set a “market outperform” rating on the stock in a report on Monday, February 23rd. Nine equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $35.08.

Insider Transactions at American Homes 4 Rent

In other American Homes 4 Rent news, Director Jack E. Corrigan purchased 2,041 shares of the firm’s stock in a transaction dated Monday, May 18th. The shares were bought at an average price of $23.53 per share, for a total transaction of $48,024.73. Following the purchase, the director owned 17,000 shares in the company, valued at approximately $400,010. This trade represents a 13.64% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have purchased 5,000 shares of company stock valued at $117,024 over the last quarter. Company insiders own 5.70% of the company’s stock.

American Homes 4 Rent Trading Down 1.5%

AMH stock opened at $32.77 on Tuesday. The company has a fifty day moving average price of $30.96 and a two-hundred day moving average price of $30.88. The stock has a market cap of $11.82 billion, a price-to-earnings ratio of 26.64, a price-to-earnings-growth ratio of 4.38 and a beta of 0.81. American Homes 4 Rent has a one year low of $27.22 and a one year high of $37.10. 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 announced its earnings results on Wednesday, May 6th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.30. The company had revenue of $472.02 million during 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 quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.46 earnings per share. American Homes 4 Rent has set its FY 2026 guidance at 1.890-1.950 EPS. Equities analysts anticipate that American Homes 4 Rent will post 1.93 EPS for the current year.

American Homes 4 Rent Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Monday, June 15th. American Homes 4 Rent’s dividend payout ratio (DPR) is currently 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.