Lasalle Investment Management Securities LLC Sells 29,759 Shares of American Homes 4 Rent $AMH

Lasalle Investment Management Securities LLC decreased its stake in American Homes 4 Rent (NYSE:AMH) by 0.8% during the 2nd quarter, HoldingsChannel reports. The firm owned 3,604,114 shares of the real estate investment trust’s stock after selling 29,759 shares during the period. American Homes 4 Rent comprises 4.3% of Lasalle Investment Management Securities LLC’s holdings, making the stock its 6th largest position. Lasalle Investment Management Securities LLC’s holdings in American Homes 4 Rent were worth $120,810,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AMH. Wilmington Savings Fund Society FSB grew its stake in American Homes 4 Rent by 10,728.6% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 758 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 751 shares during the last quarter. IFP Advisors Inc lifted 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 buying an additional 441 shares during the last quarter. Parallel Advisors LLC lifted its stake in American Homes 4 Rent by 84.8% in the third quarter. Parallel Advisors LLC now owns 963 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 442 shares during the last quarter. Bessemer Group Inc. boosted its holdings in shares of American Homes 4 Rent by 70.3% during the first quarter. Bessemer Group Inc. now owns 1,170 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 483 shares during the period. Finally, Prosperity Bancshares Inc acquired a new position in shares of American Homes 4 Rent during the fourth quarter valued at $35,000. Institutional investors and hedge funds own 91.87% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on AMH shares. Keefe, Bruyette & Woods upped their price target on shares of American Homes 4 Rent from $36.00 to $38.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. Jefferies Financial Group upgraded shares of American Homes 4 Rent to a “strong-buy” rating in a research report on Wednesday, July 22nd. BMO Capital Markets raised shares of American Homes 4 Rent from a “market perform” rating to an “outperform” rating and set a $39.00 target price for the company in a research note on Friday, June 26th. Deutsche Bank Aktiengesellschaft set a $39.00 target price on shares of American Homes 4 Rent in a research report on Friday, June 26th. Finally, JPMorgan Chase & Co. raised their price target on shares of American Homes 4 Rent from $35.00 to $38.00 and gave the company a “neutral” rating in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, American Homes 4 Rent presently has an average rating of “Moderate Buy” and a consensus target price of $36.83.

American Homes 4 Rent Trading Down 0.0%

Shares of AMH stock opened at $34.36 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.59 and a current ratio of 0.59. American Homes 4 Rent has a 1 year low of $27.22 and a 1 year high of $35.85. The stock has a fifty day moving average of $33.57 and a two-hundred day moving average of $31.62. The firm has a market capitalization of $12.39 billion, a PE ratio of 27.27, a price-to-earnings-growth ratio of 6.16 and a beta of 0.79.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.13. The company had revenue of $470.10 million for the quarter, compared to analyst estimates of $466.51 million. American Homes 4 Rent had a return on equity of 6.25% and a net margin of 25.53%.The company’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period last year, the company earned $0.47 earnings per share. American Homes 4 Rent has set its FY 2026 guidance at 1.930-1.970 EPS. As a group, research analysts expect that American Homes 4 Rent will post 1.9 EPS for the current year.

American Homes 4 Rent Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Tuesday, September 15th. American Homes 4 Rent’s dividend payout ratio is currently 104.76%.

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.