Swedbank AB Sells 58,000 Shares of American Homes 4 Rent $AMH

Swedbank AB cut its stake in American Homes 4 Rent (NYSE:AMH) by 11.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 442,000 shares of the real estate investment trust’s stock after selling 58,000 shares during the period. Swedbank AB’s holdings in American Homes 4 Rent were worth $12,341,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of AMH. Commonwealth Equity Services LLC grew its holdings in shares of American Homes 4 Rent by 3.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 10,797 shares of the real estate investment trust’s stock worth $347,000 after purchasing an additional 321 shares in the last quarter. Vanderbilt University raised its stake in American Homes 4 Rent by 1.5% in the first quarter. Vanderbilt University now owns 23,385 shares of the real estate investment trust’s stock valued at $653,000 after purchasing an additional 346 shares in the last quarter. IFP Advisors Inc raised its stake in American Homes 4 Rent by 122.2% in the fourth quarter. IFP Advisors Inc now owns 802 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 441 shares in the last quarter. Parallel Advisors LLC lifted its position in American Homes 4 Rent by 84.8% during the third quarter. Parallel Advisors LLC now owns 963 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 442 shares during the period. Finally, Evergreen Capital Management LLC lifted its position in American Homes 4 Rent by 5.6% during the fourth quarter. Evergreen Capital Management LLC now owns 8,767 shares of the real estate investment trust’s stock worth $281,000 after purchasing an additional 468 shares during the period. 91.87% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AMH has been the topic of a number of analyst reports. Wall Street Zen upgraded shares of American Homes 4 Rent from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Raymond James Financial raised shares of American Homes 4 Rent from a “market perform” rating to an “outperform” rating and set a $35.00 price target for the company in a report on Monday, May 18th. Royal Bank Of Canada increased their price target on shares of American Homes 4 Rent from $34.00 to $35.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Scotiabank lifted their price objective 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, Compass Point started 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 price objective for the company. One equities research 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 company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.25.

Insiders Place Their Bets

In other American Homes 4 Rent news, Director Jack E. Corrigan purchased 2,041 shares of the business’s 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 completion of the acquisition, 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last 90 days, insiders have purchased 5,000 shares of company stock worth $117,024. Insiders own 5.70% of the company’s stock.

American Homes 4 Rent Price Performance

Shares of NYSE:AMH opened at $32.94 on Friday. American Homes 4 Rent has a one year low of $27.22 and a one 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. The company has a market cap of $11.88 billion, a price-to-earnings ratio of 26.78, a PEG ratio of 4.49 and a beta of 0.79. The firm has a 50 day simple moving average of $32.52 and a 200 day simple moving average of $31.13.

American Homes 4 Rent (NYSE:AMH) last posted its earnings results on Wednesday, May 6th. The real estate investment trust reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.30. The firm had revenue of $472.02 million for the quarter, compared to analysts’ expectations of $470.62 million. American Homes 4 Rent had a net margin of 25.27% and a return on equity of 6.08%. The company’s revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.46 earnings per share. American Homes 4 Rent has set its FY 2026 guidance at 1.890-1.950 EPS. Research analysts predict that American Homes 4 Rent will post 1.88 earnings per share for the current fiscal year.

American Homes 4 Rent Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 4.0%. The ex-dividend date was Monday, June 15th. American Homes 4 Rent’s payout ratio is 107.32%.

About American Homes 4 Rent

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.