Massachusetts Financial Services Co. MA Reduces Stock Holdings in American Homes 4 Rent $AMH

Key Points

• Massachusetts Financial Services reduced its stake in American Homes 4 Rent by 20.9% in Q4 and now holds 2,805,025 shares worth $90.04M, while institutional ownership stands at roughly 91.9%.
• AMH missed Q4 estimates (EPS $0.33 vs. $0.47 expected; revenue $402.9M vs. $459.2M expected), provided FY2026 EPS guidance of 1.890–1.950, and raised its quarterly dividend to $0.33 (annual $1.32, yield ~4.4%) despite a payout ratio around 112%.
• Corporate insiders bought shares (directors David Goldberg and Douglas Benham among buyers; insiders purchased 6,771 shares worth ~$183.7K), while analysts have trimmed price targets and the consensus rating is Hold with an average target of $35.21.

Massachusetts Financial Services Co. MA reduced its stake in American Homes 4 Rent (NYSE:AMH - Free Report) by 20.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,805,025 shares of the real estate investment trust's stock after selling 741,755 shares during the period. Massachusetts Financial Services Co. MA owned 0.76% of American Homes 4 Rent worth $90,041,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB increased its stake in American Homes 4 Rent by 10,728.6% in the third quarter. Wilmington Savings Fund Society FSB now owns 758 shares of the real estate investment trust's stock valued at $25,000 after purchasing an additional 751 shares during the last quarter. True Wealth Design LLC increased its stake in American Homes 4 Rent by 230.8% in the fourth quarter. True Wealth Design LLC now owns 827 shares of the real estate investment trust's stock valued at $27,000 after purchasing an additional 577 shares during the last quarter. Parallel Advisors LLC increased its stake in American Homes 4 Rent by 84.8% in the third 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. V Square Quantitative Management LLC purchased a new position in American Homes 4 Rent in the fourth quarter valued at approximately $37,000. Finally, SJS Investment Consulting Inc. purchased a new position in American Homes 4 Rent in the third quarter valued at approximately $43,000. 91.87% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at American Homes 4 Rent

In other news, Director David Goldberg acquired 2,000 shares of the company's stock in a transaction on Tuesday, March 3rd. The shares were bought at an average cost of $29.30 per share, with a total value of $58,600.00. Following the purchase, the director owned 36,723 shares of the company's stock, valued at $1,075,983.90. This represents a 5.76% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Douglas N. Benham acquired 1,571 shares of the company's stock in a transaction on Wednesday, February 25th. The stock was purchased at an average cost of $24.00 per share, for a total transaction of $37,704.00. Following the completion of the purchase, the director directly owned 43,517 shares in the company, valued at $1,044,408. This trade represents a 3.75% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders acquired a total of 6,771 shares of company stock worth $183,684 over the last three months. 5.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

AMH has been the topic of several recent analyst reports. Morgan Stanley dropped their price target on shares of American Homes 4 Rent from $40.00 to $39.00 and set an "overweight" rating on the stock in a research note on Monday, March 9th. Weiss Ratings reiterated a "hold (c)" rating on shares of American Homes 4 Rent in a research note on Wednesday, January 21st. UBS Group dropped their price target on shares of American Homes 4 Rent from $38.00 to $33.00 and set a "neutral" rating on the stock in a research note on Thursday, January 8th. The Goldman Sachs Group set a $37.00 price objective on American Homes 4 Rent in a report on Monday, December 15th. Finally, Barclays decreased their price objective on American Homes 4 Rent from $33.00 to $31.00 and set an "equal weight" rating for the company in a report on Friday, March 6th. Seven investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $35.21.

American Homes 4 Rent Price Performance

American Homes 4 Rent stock opened at $29.74 on Tuesday. 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 business has a 50 day simple moving average of $29.56 and a 200-day simple moving average of $31.11. American Homes 4 Rent has a 12 month low of $27.22 and a 12 month high of $39.49. The stock has a market capitalization of $10.82 billion, a PE ratio of 25.20, a price-to-earnings-growth ratio of 4.29 and a beta of 0.79.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last posted its quarterly earnings data on Thursday, February 19th. The real estate investment trust reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $0.47 by ($0.14). The firm had revenue of $402.93 million during the quarter, compared to analysts' expectations of $459.24 million. American Homes 4 Rent had a net margin of 24.48% and a return on equity of 5.93%. The business's quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the business earned $0.45 earnings per share. American Homes 4 Rent has set its FY 2026 guidance at 1.890-1.950 EPS. Equities analysts predict that American Homes 4 Rent will post 1.85 earnings per share for the current year.

American Homes 4 Rent Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th were paid a $0.33 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $1.32 annualized dividend and a yield of 4.4%. This is an increase from American Homes 4 Rent's previous quarterly dividend of $0.30. American Homes 4 Rent's dividend payout ratio is presently 111.86%.

About American Homes 4 Rent

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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