Legal & General Group Plc Trims Position in American Homes 4 Rent $AMH

Key Points

• Legal & General Group Plc reduced its American Homes 4 Rent stake by 4.5%, selling 87,231 shares and retaining 1.87 million shares worth approximately $62.5 million. Institutional investors collectively own 91.87% of AMH.
• Analyst sentiment remains positive, with a consensus rating of “Moderate Buy” and an average price target of $36.83. Several firms recently raised their targets to between $37 and $39.
• American Homes 4 Rent exceeded quarterly EPS expectations, reporting $0.31 versus the $0.18 consensus estimate, while revenue rose 2.8% year over year to $470.1 million. The company also declared a $0.33 quarterly dividend, equivalent to a 3.9% annualized yield.

Legal & General Group Plc cut its stake in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 4.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,865,945 shares of the real estate investment trust's stock after selling 87,231 shares during the period. Legal & General Group Plc owned 0.52% of American Homes 4 Rent worth $62,546,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Jones Financial Companies Lllp lifted its stake in American Homes 4 Rent by 1,103.6% in the 1st quarter. Jones Financial Companies Lllp now owns 13,047 shares of the real estate investment trust's stock worth $493,000 after purchasing an additional 11,963 shares in the last quarter. Cetera Investment Advisers boosted its holdings in American Homes 4 Rent by 3.3% in the 2nd quarter. Cetera Investment Advisers now owns 16,819 shares of the real estate investment trust's stock valued at $607,000 after purchasing an additional 537 shares during the period. Walleye Capital LLC purchased a new position in shares of American Homes 4 Rent during the 2nd quarter valued at $255,000. Jump Financial LLC purchased a new position in shares of American Homes 4 Rent during the 2nd quarter valued at $413,000. Finally, Cerity Partners LLC increased its holdings in shares of American Homes 4 Rent by 5.6% in the second quarter. Cerity Partners LLC now owns 45,558 shares of the real estate investment trust's stock worth $1,643,000 after purchasing an additional 2,401 shares during the period. 91.87% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

AMH has been the topic of a number of recent analyst reports. Royal Bank Of Canada increased their price objective on American Homes 4 Rent from $36.00 to $37.00 and gave the stock an "outperform" rating in a research report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft set a $39.00 target price on American Homes 4 Rent in a research report on Friday, June 26th. Mizuho upped their target price on American Homes 4 Rent from $29.00 to $35.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 17th. Keefe, Bruyette & Woods raised their price target on American Homes 4 Rent from $36.00 to $38.00 and gave the company an "outperform" rating in a report on Wednesday, August 5th. Finally, Wells Fargo & Company lifted their price target on American Homes 4 Rent from $36.00 to $38.00 and gave the company an "overweight" rating in a research report on Monday, August 10th. 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 data from MarketBeat, American Homes 4 Rent currently has a consensus rating of "Moderate Buy" and a consensus target price of $36.83.

Insider Transactions at American Homes 4 Rent

In other news, Director Jack E. Corrigan acquired 6,000 shares of the business's stock in a transaction dated Monday, August 24th. The stock was purchased at an average cost of $22.42 per share, for a total transaction of $134,520.00. Following the acquisition, the director owned 22,000 shares of the company's stock, valued at $493,240. This trade represents a 37.50% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 5.70% of the stock is currently owned by company insiders.

American Homes 4 Rent Stock Performance

American Homes 4 Rent stock opened at $33.54 on Friday. The firm's fifty day moving average price is $33.78 and its 200-day moving average price is $31.73. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.59 and a current ratio of 0.59. The stock has a market cap of $12.09 billion, a P/E ratio of 26.62, a price-to-earnings-growth ratio of 5.99 and a beta of 0.79. American Homes 4 Rent has a fifty-two week low of $27.22 and a fifty-two week high of $35.85.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $466.51 million. During the same period in the previous year, the firm posted $0.47 EPS. The firm's revenue was up 2.8% compared to the same quarter last year. American Homes 4 Rent has set its FY 2026 guidance at 1.930-1.970 EPS. On average, equities research analysts expect that American Homes 4 Rent will post 1.9 earnings per share for the current fiscal year.

American Homes 4 Rent Announces Dividend

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

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