American Homes 4 Rent $AMH Shares Sold by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. trimmed its stake in American Homes 4 Rent by 4.5%, selling 116,947 shares and leaving it with 2,489,817 shares (about a 0.67% stake worth ~$82.8M); institutional investors own roughly 91.87% of AMH.
• American Homes 4 Rent missed Q results, reporting $0.33 EPS vs. $0.47 expected and $402.9M revenue vs. $459.2M expected, and set FY2026 guidance of 1.890–1.950 EPS with analysts forecasting about 1.85 EPS.
• The company raised its quarterly dividend to $0.33 (annualized $1.32) for a ~4.5% yield, although the dividend payout ratio is high at about 101.69%.

Russell Investments Group Ltd. decreased its stake in American Homes 4 Rent (NYSE:AMH - Free Report) by 4.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,489,817 shares of the real estate investment trust's stock after selling 116,947 shares during the period. Russell Investments Group Ltd. owned 0.67% of American Homes 4 Rent worth $82,787,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AMH. Thrivent Financial for Lutherans lifted its stake in American Homes 4 Rent by 67.6% in the third quarter. Thrivent Financial for Lutherans now owns 125,412 shares of the real estate investment trust's stock valued at $4,170,000 after buying an additional 50,587 shares during the last quarter. 12th Street Asset Management Company LLC grew its position in shares of American Homes 4 Rent by 64.3% during the third quarter. 12th Street Asset Management Company LLC now owns 158,081 shares of the real estate investment trust's stock worth $5,256,000 after acquiring an additional 61,838 shares during the last quarter. Retirement Systems of Alabama increased its holdings in shares of American Homes 4 Rent by 13.3% in the 3rd quarter. Retirement Systems of Alabama now owns 910,363 shares of the real estate investment trust's stock worth $30,270,000 after acquiring an additional 106,550 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its position in American Homes 4 Rent by 24.0% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,506,317 shares of the real estate investment trust's stock valued at $83,335,000 after purchasing an additional 485,401 shares during the last quarter. Finally, Aew Capital Management L P lifted its position in American Homes 4 Rent by 56.0% in the 3rd quarter. Aew Capital Management L P now owns 2,064,622 shares of the real estate investment trust's stock valued at $68,649,000 after purchasing an additional 741,388 shares during the last quarter. Institutional investors and hedge funds own 91.87% of the company's stock.

American Homes 4 Rent Trading Down 1.5%

American Homes 4 Rent stock opened at $29.46 on Tuesday. American Homes 4 Rent has a 12-month low of $28.84 and a 12-month high of $39.49. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.63 and a quick ratio of 0.63. The stock has a market capitalization of $10.72 billion, a PE ratio of 24.97, a price-to-earnings-growth ratio of 4.27 and a beta of 0.80. The firm has a 50 day simple moving average of $31.10 and a 200-day simple moving average of $32.13.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last announced its earnings results on Thursday, February 19th. The real estate investment trust reported $0.33 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.14). The firm had revenue of $402.93 million for the quarter, compared to the consensus estimate of $459.24 million. American Homes 4 Rent had a return on equity of 5.93% and a net margin of 24.48%.American Homes 4 Rent's revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.45 EPS. American Homes 4 Rent has set its FY 2026 guidance at 1.890-1.950 EPS. As a group, equities research analysts expect that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

American Homes 4 Rent Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.5%. This is a boost from American Homes 4 Rent's previous quarterly dividend of $0.30. American Homes 4 Rent's dividend payout ratio (DPR) is presently 101.69%.

Insider Buying and Selling at American Homes 4 Rent

In other news, Director Douglas N. Benham bought 1,200 shares of the firm's stock in a transaction that occurred on Monday, March 2nd. The stock was acquired at an average price of $24.20 per share, with a total value of $29,040.00. Following the completion of the purchase, the director directly owned 44,717 shares of the company's stock, valued at $1,082,151.40. This represents a 2.76% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director David Goldberg bought 2,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 3rd. The shares were purchased at an average cost of $29.30 per share, with a total value of $58,600.00. Following the purchase, the director directly owned 36,723 shares of the company's stock, valued at approximately $1,075,983.90. This represents a 5.76% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders bought 6,771 shares of company stock valued at $183,684. Insiders own 6.01% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have commented on AMH. Keefe, Bruyette & Woods decreased their target price on shares of American Homes 4 Rent from $37.00 to $35.00 and set an "outperform" rating for the company in a research report on Wednesday, February 25th. Raymond James Financial reissued a "market perform" rating on shares of American Homes 4 Rent in a report on Friday, February 27th. Wall Street Zen cut American Homes 4 Rent from a "hold" rating to a "sell" rating in a research report on Sunday, January 18th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of American Homes 4 Rent in a research note on Wednesday, January 21st. Finally, UBS Group reduced their price target on American Homes 4 Rent from $38.00 to $33.00 and set a "neutral" rating for the company in a research report on Thursday, January 8th. Seven investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, American Homes 4 Rent has an average rating of "Hold" and an average target price of $35.72.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.