Legal & General Group Plc Decreases Holdings in American Homes 4 Rent $AMH

Legal & General Group Plc trimmed its holdings in American Homes 4 Rent (NYSE:AMH) by 4.5% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 1,865,945 shares of the real estate investment trust’s stock after selling 87,231 shares during the quarter. Legal & General Group Plc’s holdings in American Homes 4 Rent were worth $62,546,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Wilmington Savings Fund Society FSB raised its position in American Homes 4 Rent by 10,728.6% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 758 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 751 shares during the period. IFP Advisors Inc boosted its position in American Homes 4 Rent by 122.2% during 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 period. Parallel Advisors LLC boosted 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 valued at $32,000 after buying an additional 442 shares during the period. Prosperity Bancshares Inc purchased a new stake in American Homes 4 Rent during the fourth quarter valued at about $35,000. Finally, Bessemer Group Inc. grew its stake 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 buying an additional 483 shares during the last quarter. Hedge funds and other institutional investors own 91.87% of the company’s stock.

Insiders Place Their Bets

In other American Homes 4 Rent news, Director Jack E. Corrigan acquired 6,000 shares of the business’s stock in a transaction dated Monday, August 24th. The shares were purchased at an average cost of $22.42 per share, for a total transaction of $134,520.00. Following the transaction, the director owned 22,000 shares in the company, valued at $493,240. This represents a 37.50% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 5.70% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on AMH. Raymond James Financial upgraded American Homes 4 Rent from a “market perform” rating to an “outperform” rating and set a $35.00 price objective on the stock in a report on Monday, May 18th. Citigroup restated a “market outperform” rating on shares of American Homes 4 Rent in a report on Wednesday, August 5th. Keefe, Bruyette & Woods raised their price target on 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. Deutsche Bank Aktiengesellschaft set a $39.00 price target on American Homes 4 Rent in a research note on Friday, June 26th. Finally, Mizuho boosted their price objective on American Homes 4 Rent from $29.00 to $35.00 and gave the company a “neutral” rating in a research report on Wednesday, June 17th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $36.83.

American Homes 4 Rent Price Performance

Shares of American Homes 4 Rent stock opened at $33.54 on Friday. The company’s fifty day simple moving average is $33.78 and its two-hundred day simple moving average is $31.73. American Homes 4 Rent has a 12-month low of $27.22 and a 12-month high of $35.85. The firm has a market cap of $12.09 billion, a PE ratio of 26.62, a price-to-earnings-growth ratio of 5.99 and a beta of 0.79. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.69.

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

American Homes 4 Rent Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.32 dividend on an annualized basis and a yield of 3.9%. American Homes 4 Rent’s dividend payout ratio is presently 104.76%.

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.