Pictet Asset Management Holding SA Cuts Holdings in American Homes 4 Rent $AMH

Pictet Asset Management Holding SA trimmed its stake in American Homes 4 Rent (NYSE:AMH) by 58.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 54,144 shares of the real estate investment trust’s stock after selling 77,125 shares during the period. Pictet Asset Management Holding SA’s holdings in American Homes 4 Rent were worth $1,512,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in AMH. Norges Bank purchased a new position in American Homes 4 Rent in the fourth quarter valued at about $710,672,000. State Street Corp lifted its position in shares of American Homes 4 Rent by 2.2% during the third quarter. State Street Corp now owns 18,424,196 shares of the real estate investment trust’s stock valued at $612,605,000 after buying an additional 399,894 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of American Homes 4 Rent by 8.7% in the 4th quarter. Principal Financial Group Inc. now owns 15,810,964 shares of the real estate investment trust’s stock valued at $507,532,000 after buying an additional 1,260,717 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of American Homes 4 Rent by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 7,355,760 shares of the real estate investment trust’s stock valued at $235,572,000 after buying an additional 161,676 shares in the last quarter. Finally, Invesco Ltd. grew its position in shares of American Homes 4 Rent by 30.1% in the 4th quarter. Invesco Ltd. now owns 6,161,646 shares of the real estate investment trust’s stock worth $197,789,000 after buying an additional 1,425,912 shares during the last quarter. 91.87% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AMH has been the topic of several research analyst reports. Keefe, Bruyette & Woods boosted their price target on American Homes 4 Rent from $35.00 to $36.00 and gave the company an “outperform” rating in a research note on Tuesday, May 12th. Scotiabank increased their price target on shares of American Homes 4 Rent from $32.00 to $33.00 and gave the stock a “sector perform” rating in a report on Thursday, June 18th. Mizuho raised their price target on shares of American Homes 4 Rent from $29.00 to $35.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 17th. Raymond James Financial upgraded shares of American Homes 4 Rent from a “market perform” rating to an “outperform” rating and set a $35.00 price objective for the company in a research note on Monday, May 18th. Finally, Deutsche Bank Aktiengesellschaft set a $39.00 price objective on shares of American Homes 4 Rent in a report on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $36.08.

Insider Activity

In other news, Director Jack E. Corrigan purchased 2,041 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were purchased at an average cost of $23.53 per share, with a total value of $48,024.73. Following the completion of the acquisition, the director owned 17,000 shares of the company’s stock, valued at approximately $400,010. This represents a 13.64% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last ninety days, insiders have acquired 5,000 shares of company stock valued at $117,024. Insiders own 5.70% of the company’s stock.

American Homes 4 Rent Stock Performance

Shares of AMH traded up $0.53 during mid-day trading on Tuesday, reaching $34.29. The company had a trading volume of 50,735 shares, compared to its average volume of 3,668,237. American Homes 4 Rent has a 52-week low of $27.22 and a 52-week high of $36.86. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $12.36 billion, a P/E ratio of 27.88, a PEG ratio of 4.60 and a beta of 0.79. The stock has a 50 day moving average of $32.37 and a two-hundred day moving average of $31.09.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.30. American Homes 4 Rent had a return on equity of 6.08% and a net margin of 25.27%.The company had revenue of $472.02 million during the quarter, compared to analysts’ expectations of $470.62 million. During the same period last year, the business earned $0.46 earnings per share. American Homes 4 Rent’s quarterly revenue was up 2.8% on a year-over-year basis. American Homes 4 Rent has set its FY 2026 guidance at 1.890-1.950 EPS. On average, analysts expect that American Homes 4 Rent will post 1.88 earnings per share for the current year.

American Homes 4 Rent Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Monday, June 15th. American Homes 4 Rent’s payout ratio is currently 107.32%.

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.