American Homes 4 Rent $AMH Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System lessened its stake in shares of American Homes 4 Rent (NYSE:AMH) by 10.8% in the 1st quarter, Holdings Channel reports. The institutional investor owned 780,960 shares of the real estate investment trust’s stock after selling 95,038 shares during the quarter. California Public Employees Retirement System’s holdings in American Homes 4 Rent were worth $21,804,000 as of its most recent SEC filing.

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

American Homes 4 Rent Stock Down 0.3%

American Homes 4 Rent stock opened at $33.21 on Thursday. American Homes 4 Rent has a fifty-two week low of $27.22 and a fifty-two week high of $36.83. The firm has a market capitalization of $11.97 billion, a price-to-earnings ratio of 27.00, a price-to-earnings-growth ratio of 4.49 and a beta of 0.79. The stock’s fifty day moving average is $32.84 and its two-hundred day moving average is $31.24. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.57 and a current ratio of 0.57.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $0.48 EPS for the quarter, topping the consensus estimate of $0.18 by $0.30. The business 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%. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.46 EPS. 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 firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders 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 dividend yield of 4.0%. American Homes 4 Rent’s dividend payout ratio is currently 107.32%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AMH. Weiss Ratings raised American Homes 4 Rent from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 20th. Mizuho raised their price target 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. UBS Group lifted their price target on American Homes 4 Rent from $32.00 to $35.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 8th. Keefe, Bruyette & Woods raised their target price on shares of American Homes 4 Rent from $35.00 to $36.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 12th. Finally, Wells Fargo & Company upped their price target on American Homes 4 Rent from $34.00 to $36.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $36.47.

Insider Activity at American Homes 4 Rent

In other American Homes 4 Rent news, Director Jack E. Corrigan acquired 2,041 shares of the company’s stock in a transaction dated Monday, May 18th. The stock was acquired at an average cost of $23.53 per share, with a total value of $48,024.73. Following the purchase, the director directly owned 17,000 shares in the company, valued at approximately $400,010. This trade represents a 13.64% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Insiders have purchased 5,000 shares of company stock valued at $117,024 in the last quarter. 5.70% of the stock is owned by corporate insiders.

American Homes 4 Rent Company 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.