State Street Corp Cuts Stock Holdings in American Homes 4 Rent $AMH

Key Points

• State Street reduced its American Homes 4 Rent stake by 3.7% in the second quarter, selling 593,833 shares. It still owns 15.6 million shares, or approximately 4.33% of AMH, valued at $523.7 million.
• Institutional ownership remains high at 91.87%, while several funds—including Principal Financial, CBRE Investment Management, Arrowstreet Capital and Engineers Gate—expanded their positions. Company insiders also purchased 15,000 shares during the latest quarter.
• AMH reported quarterly revenue of $470.1 million and EPS of $0.31, exceeding analyst expectations, and announced a $0.33 quarterly dividend yielding approximately 4.3%. Analysts maintain a “Moderate Buy” consensus with an average price target of $36.78.

State Street Corp lowered its position in shares of American Homes 4 Rent (NYSE:AMH - Free Report) by 3.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,624,386 shares of the real estate investment trust's stock after selling 593,833 shares during the period. State Street Corp owned approximately 4.33% of American Homes 4 Rent worth $523,729,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of American Homes 4 Rent in the fourth quarter worth $710,672,000. Principal Financial Group Inc. lifted its stake in American Homes 4 Rent by 19.8% during the 1st quarter. Principal Financial Group Inc. now owns 18,937,398 shares of the real estate investment trust's stock valued at $528,736,000 after acquiring an additional 3,126,434 shares during the period. Cbre Investment Management Listed Real Assets LLC lifted its stake in American Homes 4 Rent by 104.4% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 4,850,171 shares of the real estate investment trust's stock valued at $155,690,000 after acquiring an additional 2,477,585 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in American Homes 4 Rent by 83.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,544,892 shares of the real estate investment trust's stock valued at $98,973,000 after acquiring an additional 1,608,934 shares during the period. Finally, Engineers Gate Manager LP boosted its holdings in shares of American Homes 4 Rent by 610.2% during the 4th quarter. Engineers Gate Manager LP now owns 1,168,178 shares of the real estate investment trust's stock valued at $37,499,000 after acquiring an additional 1,003,703 shares during the last quarter. 91.87% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Jack Corrigan purchased 8,000 shares of the business's stock in a transaction on Friday, September 11th. The stock was acquired at an average price of $21.49 per share, with a total value of $171,920.00. Following the completion of the acquisition, the director owned 25,000 shares of the company's stock, valued at approximately $537,250. This trade represents a 47.06% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders acquired 15,000 shares of company stock worth $328,040 in the last quarter. 5.70% of the stock is currently owned by insiders.

American Homes 4 Rent Price Performance

NYSE AMH opened at $30.93 on Thursday. The company has a 50-day moving average price of $33.26 and a 200-day moving average price of $31.91. American Homes 4 Rent has a 52 week low of $27.22 and a 52 week high of $35.07. 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 firm has a market capitalization of $11.15 billion, a P/E ratio of 24.55, a PEG ratio of 5.58 and a beta of 0.79.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last announced its earnings results on Thursday, July 30th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $466.51 million. During the same period in the previous year, the business posted $0.47 earnings per share. The firm's quarterly 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. Equities research analysts anticipate that American Homes 4 Rent will post 1.91 earnings per share for the current year.

American Homes 4 Rent Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Tuesday, September 15th. American Homes 4 Rent's dividend payout ratio (DPR) is currently 104.76%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on AMH shares. Deutsche Bank Aktiengesellschaft set a $39.00 price target on shares of American Homes 4 Rent in a research note on Friday, June 26th. Scotiabank lowered their price objective on shares of American Homes 4 Rent from $33.00 to $31.00 and set a "sector perform" rating on the stock in a research report on Thursday, September 17th. Keefe, Bruyette & Woods raised their target price on shares of American Homes 4 Rent from $36.00 to $38.00 and gave the stock an "outperform" rating in a report on Wednesday, August 5th. JPMorgan Chase & Co. lifted their target price on shares of American Homes 4 Rent from $35.00 to $38.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 19th. Finally, Wells Fargo & Company boosted their target price on shares of American Homes 4 Rent from $36.00 to $38.00 and gave the company an "overweight" rating in a research note on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, American Homes 4 Rent has a consensus rating of "Moderate Buy" and a consensus price target of $36.78.

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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