American Homes 4 Rent $AMH Position Lessened by Lasalle Investment Management Securities LLC

Key Points

• Lasalle Investment Management Securities LLC reduced its American Homes 4 Rent stake by 0.8%, selling 29,759 shares and retaining 3.60 million shares valued at approximately $120.8 million. Institutional investors collectively own 91.87% of AMH.
• Analysts maintain a generally positive outlook, with AMH receiving a “Moderate Buy” consensus rating and an average price target of $36.83, above its reported opening price of $34.36.
• American Homes 4 Rent exceeded quarterly EPS expectations, reporting $0.31 versus the $0.18 consensus, while revenue rose 2.8% year over year to $470.1 million. The company also declared a quarterly dividend of $0.33, implying a 3.8% annualized yield.

Lasalle Investment Management Securities LLC decreased its holdings in American Homes 4 Rent (NYSE:AMH - Free Report) by 0.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,604,114 shares of the real estate investment trust's stock after selling 29,759 shares during the quarter. American Homes 4 Rent makes up 4.3% of Lasalle Investment Management Securities LLC's portfolio, making the stock its 6th biggest position. Lasalle Investment Management Securities LLC owned 1.00% of American Homes 4 Rent worth $120,810,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AMH. Norges Bank acquired a new position in shares of American Homes 4 Rent in the 4th quarter valued at approximately $710,672,000. Bank of Montreal Can boosted its stake in shares of American Homes 4 Rent by 3,526.2% during the 4th quarter. Bank of Montreal Can now owns 4,599,850 shares of the real estate investment trust's stock valued at $147,655,000 after buying an additional 4,472,998 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of American Homes 4 Rent by 19.8% during the first quarter. Principal Financial Group Inc. now owns 18,937,398 shares of the real estate investment trust's stock worth $528,736,000 after buying an additional 3,126,434 shares in the last quarter. AQR Capital Management LLC grew its position in shares of American Homes 4 Rent by 1,299.8% during the fourth quarter. AQR Capital Management LLC now owns 3,112,624 shares of the real estate investment trust's stock worth $99,915,000 after buying an additional 2,890,263 shares in the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC increased its stake in shares of American Homes 4 Rent by 104.4% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 4,850,171 shares of the real estate investment trust's stock worth $155,690,000 after buying an additional 2,477,585 shares during the last quarter. Hedge funds and other institutional investors own 91.87% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on AMH shares. Citigroup reiterated a "market outperform" rating on shares of American Homes 4 Rent in a research note on Wednesday, August 5th. Barclays boosted their target price on shares of American Homes 4 Rent from $32.00 to $36.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 14th. Wells Fargo & Company upped their target price on shares of American Homes 4 Rent from $36.00 to $38.00 and gave the company an "overweight" rating in a research note on Monday, August 10th. Scotiabank upped their target price 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, Deutsche Bank Aktiengesellschaft set a $39.00 price target on shares of 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, eleven have given a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, American Homes 4 Rent has an average rating of "Moderate Buy" and an average price target of $36.83.

American Homes 4 Rent Stock Performance

AMH stock opened at $34.36 on Friday. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.69. The firm has a market cap of $12.39 billion, a P/E ratio of 27.27, a P/E/G ratio of 6.16 and a beta of 0.79. American Homes 4 Rent has a 12-month low of $27.22 and a 12-month high of $35.85. The stock's 50 day simple moving average is $33.57 and its 200 day simple moving average is $31.62.

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

American Homes 4 Rent Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders 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 dividend yield of 3.8%. The ex-dividend date is Tuesday, September 15th. American Homes 4 Rent's dividend payout ratio (DPR) 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.

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