Amundi Lowers Position in American Homes 4 Rent $AMH

Key Points

• Amundi cut its American Homes 4 Rent stake by 26.8% in the second quarter, selling 88,684 shares and retaining 242,479 shares worth approximately $8.1 million. Institutional investors and hedge funds collectively own 91.87% of the company.
• Wall Street maintains a “Moderate Buy” consensus on AMH, with a consensus price target of $36.83 versus a recent share price of $31.51.
• American Homes 4 Rent exceeded quarterly earnings expectations, reporting $0.31 in EPS versus an $0.18 estimate, while revenue rose 2.8% year over year. The company also declared a quarterly dividend of $0.33 per share, representing a 4.2% yield.

Amundi reduced its stake in American Homes 4 Rent (NYSE:AMH - Free Report) by 26.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 242,479 shares of the real estate investment trust's stock after selling 88,684 shares during the period. Amundi owned approximately 0.07% of American Homes 4 Rent worth $8,128,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Wilmington Savings Fund Society FSB lifted its holdings in shares of 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 acquiring an additional 751 shares during the last quarter. IFP Advisors Inc boosted its position in shares of American Homes 4 Rent by 122.2% during the 4th quarter. IFP Advisors Inc now owns 802 shares of the real estate investment trust's stock worth $26,000 after purchasing an additional 441 shares during the period. Parallel Advisors LLC increased its holdings in American Homes 4 Rent by 84.8% in the 3rd quarter. Parallel Advisors LLC now owns 963 shares of the real estate investment trust's stock valued at $32,000 after purchasing an additional 442 shares during the last quarter. Bessemer Group Inc. increased its holdings in American Homes 4 Rent by 70.3% in the 1st quarter. Bessemer Group Inc. now owns 1,170 shares of the real estate investment trust's stock valued at $33,000 after purchasing an additional 483 shares during the last quarter. Finally, Prosperity Bancshares Inc purchased a new stake in American Homes 4 Rent in the fourth quarter valued at approximately $35,000. 91.87% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on AMH shares. Morgan Stanley decreased their price target on American Homes 4 Rent from $38.50 to $38.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 12th. UBS Group lifted their price objective on American Homes 4 Rent from $32.00 to $35.00 and gave the company a "neutral" rating in a research note on Wednesday, July 8th. Scotiabank boosted their price objective on American Homes 4 Rent from $32.00 to $33.00 and gave the company a "sector perform" rating in a report on Thursday, June 18th. Royal Bank Of Canada boosted their price objective on American Homes 4 Rent from $36.00 to $37.00 and gave the company an "outperform" rating in a report on Monday, August 3rd. Finally, JPMorgan Chase & Co. increased their target price on American Homes 4 Rent from $35.00 to $38.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $36.83.

American Homes 4 Rent Stock Down 0.2%

Shares of NYSE:AMH opened at $31.51 on Friday. American Homes 4 Rent has a fifty-two week low of $27.22 and a fifty-two week high of $35.07. The firm's 50 day moving average price is $33.62 and its 200 day moving average price is $31.82. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.69. The stock has a market cap of $11.36 billion, a price-to-earnings ratio of 25.01, a price-to-earnings-growth ratio of 5.62 and a beta of 0.79.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.31 EPS for the quarter, topping the consensus estimate of $0.18 by $0.13. American Homes 4 Rent had a net margin of 25.53% and a return on equity of 6.25%. The company had revenue of $470.10 million during the quarter, compared to analysts' expectations of $466.51 million. During the same quarter in the previous year, the business posted $0.47 EPS. The firm's revenue 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 1.91 earnings per share for the current fiscal year.

American Homes 4 Rent Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend is Tuesday, September 15th. American Homes 4 Rent's payout ratio is 104.76%.

Insider Activity at American Homes 4 Rent

In other news, Director Jack Corrigan bought 6,000 shares of the stock in a transaction that occurred on Monday, August 24th. The stock was purchased at an average price of $22.42 per share, for a total transaction of $134,520.00. Following the completion of the purchase, the director owned 22,000 shares in the company, valued at approximately $493,240. This trade represents a 37.50% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 5.70% of the company's stock.

American Homes 4 Rent Company Profile

American Homes 4 Rent NYSE: AMH is a real estate investment trust focused on owning, developing and operating single-family rental homes. The company leases homes to residents and manages the properties through a combination of in-house operations and technology-enabled services.

AMH's activities include acquiring and developing homes, renovating properties, providing leasing and resident services, and maintaining its rental portfolio. Its homes are generally located in planned communities and other suburban markets designed to appeal to households seeking single-family living without homeownership.

Founded in 2012, American Homes 4 Rent serves communities across several U.S.

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