Whittier Trust Co. of Nevada Inc. Has $143,000 Stake in American Homes 4 Rent $AMH

Whittier Trust Co. of Nevada Inc. trimmed its position in shares of American Homes 4 Rent (NYSE:AMH) by 95.7% in the first quarter, Holdings Channel reports. The fund owned 4,900 shares of the real estate investment trust’s stock after selling 109,121 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in American Homes 4 Rent were worth $143,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in the business. Norges Bank acquired a new position in shares of American Homes 4 Rent during the 4th quarter worth about $710,672,000. State Street Corp grew its holdings in American Homes 4 Rent by 2.2% in the 3rd quarter. State Street Corp now owns 18,424,196 shares of the real estate investment trust’s stock valued at $612,605,000 after buying an additional 399,894 shares during the last quarter. Principal Financial Group Inc. increased its position in 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 worth $507,532,000 after buying an additional 1,260,717 shares during the period. Geode Capital Management LLC lifted its holdings in shares of American Homes 4 Rent by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 7,355,760 shares of the real estate investment trust’s stock worth $235,572,000 after buying an additional 161,676 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of American Homes 4 Rent by 30.1% during the fourth quarter. Invesco Ltd. now owns 6,161,646 shares of the real estate investment trust’s stock worth $197,789,000 after buying an additional 1,425,912 shares during the last quarter. 91.87% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AMH. Compass Point began coverage on shares of American Homes 4 Rent in a research report on Tuesday, April 28th. They set a “buy” rating and a $37.50 target price on the stock. BMO Capital Markets upgraded shares of American Homes 4 Rent from a “market perform” rating to an “outperform” rating and set a $39.00 price objective on the stock in a report on Friday, June 26th. UBS Group upped their price objective on shares of American Homes 4 Rent from $32.00 to $35.00 and gave the company a “neutral” rating in a research report on Wednesday. Royal Bank Of Canada increased their target price on shares of American Homes 4 Rent from $34.00 to $35.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Finally, Deutsche Bank Aktiengesellschaft set a $39.00 target price on American Homes 4 Rent in a research report on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, American Homes 4 Rent currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.25.

Insider Activity

In other news, Director Jack E. Corrigan bought 2,041 shares of American Homes 4 Rent 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 of the company’s stock, valued at approximately $400,010. This trade represents a 13.64% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders acquired 5,000 shares of company stock worth $117,024 over the last three months. 5.70% of the stock is currently owned by company insiders.

American Homes 4 Rent Stock Down 2.0%

NYSE AMH opened at $33.33 on Thursday. American Homes 4 Rent has a 1-year low of $27.22 and a 1-year high of $36.86. The company has a market capitalization of $12.02 billion, a price-to-earnings ratio of 27.09, a PEG ratio of 4.59 and a beta of 0.79. The stock’s 50 day moving average is $32.50 and its two-hundred day moving average is $31.12. 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 (NYSE:AMH) last posted its earnings results 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 during the quarter, compared to the consensus estimate of $470.62 million. American Homes 4 Rent had a return on equity of 6.08% and a net margin of 25.27%.American Homes 4 Rent’s revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the company earned $0.46 EPS. American Homes 4 Rent has set its FY 2026 guidance at 1.890-1.950 EPS. Equities analysts forecast that American Homes 4 Rent will post 1.88 earnings per share for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.0%. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 107.32%.

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.