Clearbridge Investments LLC Has $79.82 Million Holdings in American Homes 4 Rent $AMH

Clearbridge Investments LLC lessened its position in American Homes 4 Rent (NYSE:AMH) by 7.8% in the fourth quarter, HoldingsChannel reports. The fund owned 2,486,542 shares of the real estate investment trust’s stock after selling 210,872 shares during the quarter. Clearbridge Investments LLC’s holdings in American Homes 4 Rent were worth $79,818,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Syon Capital LLC acquired a new stake in American Homes 4 Rent in the fourth quarter valued at approximately $729,000. Los Angeles Capital Management LLC acquired a new stake in American Homes 4 Rent in the fourth quarter valued at approximately $53,000. Havemeyer Place LP purchased a new position in shares of American Homes 4 Rent during the fourth quarter valued at approximately $331,000. Parallel Advisors LLC boosted its position in shares of American Homes 4 Rent by 105.2% during the fourth quarter. Parallel Advisors LLC now owns 1,976 shares of the real estate investment trust’s stock valued at $63,000 after buying an additional 1,013 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its position in shares of American Homes 4 Rent by 4.1% during the fourth quarter. Daiwa Securities Group Inc. now owns 152,242 shares of the real estate investment trust’s stock valued at $4,887,000 after buying an additional 6,016 shares during the last quarter. Institutional investors and hedge funds own 91.87% of the company’s stock.

American Homes 4 Rent Stock Down 1.5%

AMH stock opened at $32.77 on Tuesday. The stock’s fifty day simple moving average is $30.96 and its two-hundred day simple moving average is $30.88. 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 has a 1-year low of $27.22 and a 1-year high of $37.10. The stock has a market cap of $11.82 billion, a P/E ratio of 26.64, a P/E/G ratio of 4.38 and a beta of 0.81.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $0.48 earnings per share for the quarter, topping 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 business had revenue of $472.02 million for the quarter, compared to analysts’ expectations of $470.62 million. During the same quarter in the previous year, the firm earned $0.46 earnings per share. The business’s 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 expect that American Homes 4 Rent will post 1.93 EPS for the current year.

American Homes 4 Rent Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a $0.33 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.32 annualized dividend and a yield of 4.0%. American Homes 4 Rent’s payout ratio is currently 107.32%.

Insiders Place Their Bets

In other American Homes 4 Rent news, Director Jack E. Corrigan acquired 2,041 shares of the business’s stock in a transaction on Monday, May 18th. The shares were acquired at an average price of $23.53 per share, with a total value of $48,024.73. Following the completion of the transaction, the director owned 17,000 shares in the company, valued at approximately $400,010. This trade represents a 13.64% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders acquired a total of 5,000 shares of company stock valued at $117,024 over the last 90 days. 5.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AMH. Deutsche Bank Aktiengesellschaft cut their target price on American Homes 4 Rent from $34.00 to $30.00 and set a “hold” rating on the stock in a research report on Friday, March 20th. Morgan Stanley cut their target price on American Homes 4 Rent from $39.00 to $38.50 and set an “overweight” rating on the stock in a research report on Wednesday, May 27th. Mizuho cut their target price on American Homes 4 Rent from $32.00 to $29.00 and set a “neutral” rating on the stock in a research report on Friday, March 13th. Weiss Ratings raised American Homes 4 Rent from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 20th. Finally, UBS Group cut their target price on American Homes 4 Rent from $33.00 to $32.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 19th. Nine research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, American Homes 4 Rent currently has a consensus rating of “Hold” and an average target price of $35.08.

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.