Robeco Institutional Asset Management B.V. Trims Stock Holdings in American Homes 4 Rent $AMH

Key Points

• Robeco trimmed its stake: Robeco Institutional Asset Management cut its position in American Homes 4 Rent by 24.4% in Q4, selling 96,252 shares and holding 298,429 shares worth about $9.58 million (~0.08% ownership) after the sales.
• Company missed quarterly estimates: AMH reported $0.33 EPS vs. $0.47 expected and $402.9M revenue vs. $459.2M expected, and set FY2026 guidance of $1.89–$1.95 (analysts expect ~1.85 EPS).
• Dividend hike and insider buying despite high payout: AMH raised its quarterly dividend to $0.33 (annualized $1.32, 4.4% yield) even as the payout ratio is ~111.9%; insiders purchased shares (6,771 shares last quarter) and institutional ownership remains ~91.9%.

Robeco Institutional Asset Management B.V. decreased its position in American Homes 4 Rent (NYSE:AMH - Free Report) by 24.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 298,429 shares of the real estate investment trust's stock after selling 96,252 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.08% of American Homes 4 Rent worth $9,580,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp grew its position in American Homes 4 Rent by 1,103.6% during 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 during the period. Cetera Investment Advisers grew its position in American Homes 4 Rent by 3.3% during the 2nd quarter. Cetera Investment Advisers now owns 16,819 shares of the real estate investment trust's stock worth $607,000 after purchasing an additional 537 shares during the period. Walleye Capital LLC acquired a new stake in American Homes 4 Rent during the 2nd quarter worth about $255,000. Jump Financial LLC acquired a new stake in American Homes 4 Rent during the 2nd quarter worth about $413,000. Finally, Cerity Partners LLC grew its position in American Homes 4 Rent by 5.6% during the 2nd 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. Hedge funds and other institutional investors own 91.87% of the company's stock.

American Homes 4 Rent Price Performance

NYSE:AMH opened at $30.16 on Thursday. American Homes 4 Rent has a 52 week low of $27.22 and a 52 week high of $39.49. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $10.97 billion, a PE ratio of 25.56, a price-to-earnings-growth ratio of 4.35 and a beta of 0.79. The stock's 50-day moving average price is $29.53 and its 200-day moving average price is $31.08.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last posted its earnings results on Thursday, February 19th. The real estate investment trust reported $0.33 EPS for the quarter, missing analysts' consensus estimates of $0.47 by ($0.14). American Homes 4 Rent had a net margin of 24.48% and a return on equity of 5.93%. The business had revenue of $402.93 million for the quarter, compared to analyst estimates of $459.24 million. During the same quarter last year, the business earned $0.45 earnings per share. American Homes 4 Rent's revenue was up 4.2% on a year-over-year basis. American Homes 4 Rent has set its FY 2026 guidance at 1.890-1.950 EPS. As a group, equities 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 was paid on Tuesday, March 31st. Investors of record on Friday, March 13th were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 4.4%. The ex-dividend date was Friday, March 13th. This is a positive change from American Homes 4 Rent's previous quarterly dividend of $0.30. American Homes 4 Rent's payout ratio is presently 111.86%.

Insider Activity

In other news, Director Douglas N. Benham acquired 1,200 shares of the stock in a transaction that occurred on Monday, March 2nd. The shares were bought at an average cost of $24.20 per share, for a total transaction of $29,040.00. Following the acquisition, the director owned 44,717 shares in the company, valued at approximately $1,082,151.40. This represents a 2.76% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David Goldberg acquired 2,000 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The stock was purchased at an average price of $29.30 per share, for a total transaction of $58,600.00. Following the completion of the acquisition, the director owned 36,723 shares in the company, valued at $1,075,983.90. The trade was a 5.76% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders purchased 6,771 shares of company stock worth $183,684. 5.70% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

AMH has been the topic of several analyst reports. Scotiabank cut their price target on American Homes 4 Rent from $33.00 to $31.00 and set a "sector perform" rating on the stock in a research report on Wednesday, March 4th. Wall Street Zen downgraded American Homes 4 Rent from a "hold" rating to a "sell" rating in a research report on Sunday, January 18th. Wells Fargo & Company cut their price target on American Homes 4 Rent from $37.00 to $34.00 and set an "overweight" rating on the stock in a research report on Thursday, March 5th. Citigroup cut their price target on American Homes 4 Rent from $34.50 to $33.50 and set a "neutral" rating on the stock in a research report on Monday, March 2nd. Finally, Deutsche Bank Aktiengesellschaft cut their price target on American Homes 4 Rent from $34.00 to $30.00 and set a "hold" rating on the stock in a research report on Friday, March 20th. Seven research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $35.21.

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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