American Homes 4 Rent $AMH Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. decreased its holdings in shares of American Homes 4 Rent (NYSE:AMH) by 44.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,881,020 shares of the real estate investment trust’s stock after selling 6,359,939 shares during the period. JPMorgan Chase & Co.’s holdings in American Homes 4 Rent were worth $262,044,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of AMH. Aberdeen Group plc lifted its stake in American Homes 4 Rent by 26.0% during the third quarter. Aberdeen Group plc now owns 158,277 shares of the real estate investment trust’s stock valued at $5,139,000 after buying an additional 32,675 shares in the last quarter. MSH Capital Advisors LLC acquired a new stake in shares of American Homes 4 Rent during the third quarter worth approximately $501,000. 12th Street Asset Management Company LLC grew its position in American Homes 4 Rent by 64.3% during the third quarter. 12th Street Asset Management Company LLC now owns 158,081 shares of the real estate investment trust’s stock valued at $5,256,000 after purchasing an additional 61,838 shares in the last quarter. Metis Global Partners LLC grew its position in American Homes 4 Rent by 33.0% during the third quarter. Metis Global Partners LLC now owns 75,381 shares of the real estate investment trust’s stock valued at $2,506,000 after purchasing an additional 18,722 shares in the last quarter. Finally, Assetmark Inc. grew its position in American Homes 4 Rent by 21.6% during the third quarter. Assetmark Inc. now owns 2,360 shares of the real estate investment trust’s stock valued at $78,000 after purchasing an additional 420 shares in the last quarter. 91.87% of the stock is currently owned by institutional investors and hedge funds.

American Homes 4 Rent Price Performance

Shares of NYSE:AMH opened at $30.90 on Friday. The stock has a market capitalization of $11.47 billion, a P/E ratio of 26.19, a P/E/G ratio of 2.99 and a beta of 0.80. The business has a 50-day moving average of $31.52 and a two-hundred day moving average of $32.58. American Homes 4 Rent has a fifty-two week low of $28.84 and a fifty-two week high of $39.49. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.41 and a quick ratio of 0.41.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings data on Thursday, February 19th. The real estate investment trust reported $0.47 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.47. American Homes 4 Rent had a return on equity of 5.90% and a net margin of 24.70%.The business had revenue of $402.93 million for the quarter, compared to the consensus estimate of $459.24 million. During the same period last year, the business earned $0.45 EPS. The firm’s revenue was up 4.2% compared to the same quarter last year. American Homes 4 Rent has set its FY 2026 guidance at 1.890-1.950 EPS. On average, equities research analysts predict 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 declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be given a $0.33 dividend. This is a positive change from American Homes 4 Rent’s previous quarterly dividend of $0.30. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Friday, March 13th. American Homes 4 Rent’s payout ratio is 101.69%.

Insider Buying and Selling at American Homes 4 Rent

In other news, Director Jack E. Corrigan acquired 5,000 shares of American Homes 4 Rent stock in a transaction dated Tuesday, December 9th. The stock was acquired at an average cost of $22.96 per share, for a total transaction of $114,800.00. Following the completion of the purchase, the director owned 17,300 shares of the company’s stock, valued at $397,208. This represents a 40.65% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 6.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Keefe, Bruyette & Woods raised shares of American Homes 4 Rent from a “market perform” rating to an “outperform” rating and set a $37.00 target price for the company in a research note on Monday, December 15th. UBS Group reduced their price objective on American Homes 4 Rent from $38.00 to $33.00 and set a “neutral” rating for the company in a research report on Thursday, January 8th. Citizens Jmp restated a “market outperform” rating and issued a $41.00 target price on shares of American Homes 4 Rent in a research note on Wednesday, January 21st. Scotiabank dropped their target price on American Homes 4 Rent from $35.00 to $33.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 14th. Finally, Barclays reduced their price target on American Homes 4 Rent from $34.00 to $33.00 and set an “equal weight” rating for the company in a report on Tuesday, January 13th. Eight research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $37.44.

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.