Whittier Trust Co. Has $9.34 Million Stock Position in American Homes 4 Rent $AMH

Whittier Trust Co. increased its position in shares of American Homes 4 Rent (NYSE:AMH) by 3,765.9% in the fourth quarter, HoldingsChannel reports. The firm owned 288,243 shares of the real estate investment trust’s stock after purchasing an additional 280,787 shares during the period. Whittier Trust Co.’s holdings in American Homes 4 Rent were worth $9,339,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Duff & Phelps Investment Management Co. increased its position in American Homes 4 Rent by 8.2% in the 4th quarter. Duff & Phelps Investment Management Co. now owns 4,556,397 shares of the real estate investment trust’s stock valued at $146,260,000 after acquiring an additional 346,960 shares in the last quarter. Wright Investors Service Inc. acquired a new stake in American Homes 4 Rent in the 4th quarter valued at about $497,000. Mirae Asset Global Investments Co. Ltd. increased its position in American Homes 4 Rent by 11.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,529 shares of the real estate investment trust’s stock valued at $338,000 after acquiring an additional 1,078 shares in the last quarter. CWM LLC increased its position in American Homes 4 Rent by 1,262.4% in the 4th quarter. CWM LLC now owns 102,565 shares of the real estate investment trust’s stock valued at $3,292,000 after acquiring an additional 95,037 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its position in American Homes 4 Rent by 71.0% in the 4th quarter. Farther Finance Advisors LLC now owns 4,117 shares of the real estate investment trust’s stock valued at $132,000 after acquiring an additional 1,710 shares in the last quarter. Institutional investors and hedge funds own 91.87% of the company’s stock.

Insider Activity at American Homes 4 Rent

In other American Homes 4 Rent news, Director David Goldberg purchased 2,000 shares of the stock in a transaction dated Tuesday, March 3rd. The stock was bought at an average price of $29.30 per share, for a total transaction of $58,600.00. Following the transaction, the director directly owned 36,723 shares in the company, valued at $1,075,983.90. This represents a 5.76% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Douglas N. Benham purchased 1,200 shares of the stock in a transaction dated Monday, March 2nd. The shares were acquired at an average price of $24.20 per share, with a total value of $29,040.00. Following the transaction, the director owned 44,717 shares in the company, valued at $1,082,151.40. This trade represents a 2.76% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last quarter, insiders have bought 6,771 shares of company stock valued at $183,684. 5.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of American Homes 4 Rent from $34.00 to $30.00 and set a “hold” rating for the company in a research report on Friday, March 20th. Raymond James Financial restated a “market perform” rating on shares of American Homes 4 Rent in a research report on Friday, February 27th. Morgan Stanley lowered their price objective on shares of American Homes 4 Rent from $40.00 to $39.00 and set an “overweight” rating for the company in a research report on Monday, March 9th. Weiss Ratings restated a “hold (c)” rating on shares of American Homes 4 Rent in a research report on Wednesday, January 21st. Finally, Barclays lowered their price objective on shares of American Homes 4 Rent from $33.00 to $31.00 and set an “equal weight” rating for the company in a research report on Friday, March 6th. Seven research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, American Homes 4 Rent currently has an average rating of “Hold” and an average target price of $35.21.

American Homes 4 Rent Stock Up 2.4%

Shares of NYSE:AMH opened at $30.67 on Friday. American Homes 4 Rent has a one year low of $27.22 and a one year high of $39.49. The company has a 50 day moving average of $29.50 and a 200-day moving average of $31.06. 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 stock has a market cap of $11.16 billion, a price-to-earnings ratio of 25.99, a P/E/G ratio of 4.32 and a beta of 0.79.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings results on Thursday, February 19th. The real estate investment trust reported $0.33 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.14). American Homes 4 Rent had a return on equity of 5.93% and a net margin of 24.48%.The business had revenue of $402.93 million for the quarter, compared to analyst estimates of $459.24 million. During the same quarter in the prior year, the firm earned $0.45 EPS. The firm’s quarterly 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, sell-side analysts forecast that American Homes 4 Rent will post 1.85 earnings per share for the current year.

American Homes 4 Rent Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th were given a dividend of $0.33 per share. The ex-dividend date was Friday, March 13th. This represents a $1.32 annualized dividend and a dividend yield of 4.3%. This is a positive change from American Homes 4 Rent’s previous quarterly dividend of $0.30. American Homes 4 Rent’s dividend payout ratio is presently 111.86%.

American Homes 4 Rent Company 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.