American Homes 4 Rent $AMH Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. lowered its stake in American Homes 4 Rent (NYSE:AMH) by 4.5% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 2,489,817 shares of the real estate investment trust’s stock after selling 116,947 shares during the period. Russell Investments Group Ltd.’s holdings in American Homes 4 Rent were worth $82,787,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Norges Bank acquired a new stake in shares of American Homes 4 Rent during the second quarter worth $796,706,000. Lasalle Investment Management Securities LLC boosted its position in shares of American Homes 4 Rent by 76.1% in the 3rd quarter. Lasalle Investment Management Securities LLC now owns 2,888,809 shares of the real estate investment trust’s stock valued at $96,053,000 after purchasing an additional 1,248,131 shares during the period. Centersquare Investment Management LLC increased its stake in American Homes 4 Rent by 25.9% in the 3rd quarter. Centersquare Investment Management LLC now owns 5,271,280 shares of the real estate investment trust’s stock worth $175,270,000 after purchasing an additional 1,082,972 shares in the last quarter. First Trust Advisors LP raised its holdings in American Homes 4 Rent by 2,035.9% during the 2nd quarter. First Trust Advisors LP now owns 1,129,609 shares of the real estate investment trust’s stock worth $40,745,000 after buying an additional 1,076,722 shares during the period. Finally, Schroder Investment Management Group lifted its stake in American Homes 4 Rent by 311.2% during the third quarter. Schroder Investment Management Group now owns 1,374,162 shares of the real estate investment trust’s stock valued at $44,619,000 after buying an additional 1,040,001 shares in the last quarter. 91.87% of the stock is owned by institutional investors.

American Homes 4 Rent Trading Down 1.5%

American Homes 4 Rent stock opened at $29.46 on Tuesday. American Homes 4 Rent has a 12 month low of $28.84 and a 12 month high of $39.49. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.66. The stock has a market cap of $10.72 billion, a P/E ratio of 24.97, a P/E/G ratio of 4.27 and a beta of 0.80. The company’s fifty day simple moving average is $31.10 and its 200-day simple moving average is $32.13.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings data on Thursday, February 19th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.14). The firm had revenue of $402.93 million for the quarter, compared to analysts’ expectations of $459.24 million. American Homes 4 Rent had a return on equity of 5.93% and a net margin of 24.48%.American Homes 4 Rent’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.45 earnings per share. American Homes 4 Rent has set its FY 2026 guidance at 1.890-1.950 EPS. As a group, sell-side analysts forecast that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

American Homes 4 Rent Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be paid a dividend of $0.33 per share. This is a boost from American Homes 4 Rent’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Friday, March 13th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.5%. American Homes 4 Rent’s dividend payout ratio (DPR) is 101.69%.

Analyst Ratings Changes

Several research analysts have recently weighed in on AMH shares. Barclays dropped their target price on shares of American Homes 4 Rent from $33.00 to $31.00 and set an “equal weight” rating on the stock in a research report on Friday. Wells Fargo & Company decreased their price objective on shares of American Homes 4 Rent from $37.00 to $34.00 and set an “overweight” rating for the company in a research note on Thursday, March 5th. Scotiabank cut their target price on shares of American Homes 4 Rent from $33.00 to $31.00 and set a “sector perform” rating on the stock in a research note on Wednesday, March 4th. Citigroup reduced their target price on American Homes 4 Rent from $34.50 to $33.50 and set a “neutral” rating for the company in a report on Monday, March 2nd. Finally, Wall Street Zen cut American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Sunday, January 18th. Seven research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $35.72.

Insider Activity

In other news, Director Douglas N. Benham purchased 1,200 shares of American Homes 4 Rent stock in a transaction dated Monday, March 2nd. The stock was acquired at an average cost of $24.20 per share, for a total transaction of $29,040.00. Following the acquisition, the director directly owned 44,717 shares in the company, valued at $1,082,151.40. This represents a 2.76% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director David Goldberg purchased 2,000 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The stock was purchased at an average cost of $29.30 per share, with a total value of $58,600.00. Following the purchase, the director owned 36,723 shares in the company, valued at $1,075,983.90. This represents a 5.76% increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have bought 6,771 shares of company stock valued at $183,684. 6.01% 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.