SummitTX Capital L.P. Sells 255,649 Shares of American Homes 4 Rent $AMH

SummitTX Capital L.P. lowered its position in shares of American Homes 4 Rent (NYSE:AMH) by 42.2% during the first quarter, Holdings Channel.com reports. The firm owned 349,744 shares of the real estate investment trust’s stock after selling 255,649 shares during the quarter. SummitTX Capital L.P.’s holdings in American Homes 4 Rent were worth $9,765,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB increased its position in American Homes 4 Rent by 10,728.6% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 758 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 751 shares during the period. IFP Advisors Inc boosted its position in shares of American Homes 4 Rent by 122.2% in the fourth quarter. IFP Advisors Inc now owns 802 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 441 shares during the period. Parallel Advisors LLC grew its stake in shares of American Homes 4 Rent by 84.8% in the third quarter. Parallel Advisors LLC now owns 963 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 442 shares in the last quarter. Bessemer Group Inc. grew its stake in shares of American Homes 4 Rent by 70.3% in the first quarter. Bessemer Group Inc. now owns 1,170 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 483 shares in the last quarter. Finally, Prosperity Bancshares Inc bought a new position in American Homes 4 Rent during the fourth quarter worth about $35,000. 91.87% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at American Homes 4 Rent

In other American Homes 4 Rent news, Director Jack E. Corrigan purchased 2,041 shares of the firm’s stock in a transaction dated Monday, May 18th. The shares were bought at an average price of $23.53 per share, for a total transaction of $48,024.73. Following the purchase, the director owned 17,000 shares in the company, valued at approximately $400,010. This trade represents a 13.64% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders acquired 5,000 shares of company stock valued at $117,024. Company insiders own 5.70% of the company’s stock.

American Homes 4 Rent Price Performance

Shares of NYSE:AMH opened at $33.43 on Monday. The firm has a 50 day moving average of $32.93 and a 200-day moving average of $31.27. American Homes 4 Rent has a 12 month low of $27.22 and a 12 month high of $36.38. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $12.05 billion, a PE ratio of 27.18, a PEG ratio of 4.50 and a beta of 0.79.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.30. The business had revenue of $472.02 million for the quarter, compared to analyst estimates of $470.62 million. American Homes 4 Rent had a net margin of 25.27% and a return on equity of 6.08%. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter last year, the business posted $0.46 EPS. 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 1.88 EPS for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend was Monday, June 15th. American Homes 4 Rent’s dividend payout ratio (DPR) is currently 107.32%.

Analysts Set New Price Targets

Several brokerages have weighed in on AMH. Weiss Ratings upgraded shares of American Homes 4 Rent from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 20th. Morgan Stanley decreased their target price on shares of American Homes 4 Rent from $39.00 to $38.50 and set an “overweight” rating on the stock in a research report on Wednesday, May 27th. Raymond James Financial raised shares of American Homes 4 Rent from a “market perform” rating to an “outperform” rating and set a $35.00 target price on the stock in a report on Monday, May 18th. Barclays lifted their price target on shares of American Homes 4 Rent from $32.00 to $36.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 14th. Finally, Scotiabank boosted their price target on American Homes 4 Rent from $32.00 to $33.00 and gave the company a “sector perform” rating in a research note on Thursday, June 18th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $36.47.

American Homes 4 Rent 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.