American Homes 4 Rent $AMH Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp reduced its position in American Homes 4 Rent (NYSE:AMH) by 6.6% in the 1st quarter, HoldingsChannel.com reports. The firm owned 2,785,688 shares of the real estate investment trust’s stock after selling 197,397 shares during the quarter. Bank of New York Mellon Corp’s holdings in American Homes 4 Rent were worth $77,776,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. M&T Bank Corp boosted its stake in shares of American Homes 4 Rent by 386.9% during the 4th quarter. M&T Bank Corp now owns 39,333 shares of the real estate investment trust’s stock worth $1,262,000 after acquiring an additional 31,254 shares in the last quarter. Bayhunt Capital LLC purchased a new position in shares of American Homes 4 Rent in the 4th quarter valued at about $14,822,000. Principal Financial Group Inc. increased its stake in shares of American Homes 4 Rent by 8.7% in the 4th quarter. Principal Financial Group Inc. now owns 15,810,964 shares of the real estate investment trust’s stock valued at $507,532,000 after purchasing an additional 1,260,717 shares in the last quarter. Algebris UK Ltd. acquired a new position in American Homes 4 Rent in the 4th quarter worth about $34,166,000. Finally, Strs Ohio raised its holdings in American Homes 4 Rent by 50.5% in the 4th quarter. Strs Ohio now owns 246,263 shares of the real estate investment trust’s stock worth $7,905,000 after purchasing an additional 82,615 shares during the period. 91.87% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AMH has been the topic of several research analyst reports. Keefe, Bruyette & Woods raised their price objective on American Homes 4 Rent from $35.00 to $36.00 and gave the company an “outperform” rating in a report on Tuesday, May 12th. Weiss Ratings raised American Homes 4 Rent from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 20th. Wells Fargo & Company increased their target price on American Homes 4 Rent from $34.00 to $36.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. 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 research note on Thursday, June 18th. Finally, Barclays lifted their price target on shares of American Homes 4 Rent from $32.00 to $36.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.47.

Insider Buying and Selling

In related news, Director Jack E. Corrigan acquired 2,041 shares of the firm’s stock in a transaction dated Monday, May 18th. The shares were purchased at an average cost of $23.53 per share, for a total transaction of $48,024.73. Following the acquisition, the director owned 17,000 shares in the company, valued at $400,010. The trade was a 13.64% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have bought a total of 5,000 shares of company stock valued at $117,024 over the last 90 days. Corporate insiders own 5.70% of the company’s stock.

American Homes 4 Rent Trading Down 1.1%

Shares of American Homes 4 Rent stock opened at $33.32 on Wednesday. The stock has a market cap of $12.02 billion, a P/E ratio of 27.09, a P/E/G ratio of 4.54 and a beta of 0.79. The stock’s 50 day simple moving average is $32.80 and its 200-day simple moving average is $31.24. American Homes 4 Rent has a 1-year low of $27.22 and a 1-year high of $36.86. 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 (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.30. American Homes 4 Rent had a return on equity of 6.08% and a net margin of 25.27%.The company had revenue of $472.02 million during the quarter, compared to analysts’ expectations of $470.62 million. During the same period in the prior year, the business earned $0.46 EPS. The firm’s quarterly revenue 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. Analysts predict that American Homes 4 Rent will post 1.88 EPS for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were given a $0.33 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.32 dividend on an annualized basis and a yield of 4.0%. American Homes 4 Rent’s dividend 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.