Korea Investment CORP Decreases Stock Holdings in American Homes 4 Rent $AMH

Korea Investment CORP trimmed its position in shares of American Homes 4 Rent (NYSE:AMH) by 42.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 215,450 shares of the real estate investment trust’s stock after selling 159,142 shares during the quarter. Korea Investment CORP’s holdings in American Homes 4 Rent were worth $7,164,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Wilmington Savings Fund Society FSB lifted its holdings in shares of American Homes 4 Rent by 10,728.6% in the third quarter. Wilmington Savings Fund Society FSB now owns 758 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 751 shares in the last quarter. SJS Investment Consulting Inc. purchased a new position in shares of American Homes 4 Rent during the 3rd quarter worth approximately $43,000. Rakuten Investment Management Inc. purchased a new position in shares of American Homes 4 Rent during the 3rd quarter worth approximately $47,000. Avalon Trust Co acquired a new position in shares of American Homes 4 Rent during the 3rd quarter worth approximately $55,000. Finally, Headlands Technologies LLC acquired a new position in shares of American Homes 4 Rent during the 2nd quarter worth approximately $60,000. Hedge funds and other institutional investors own 91.87% of the company’s stock.

American Homes 4 Rent Trading Down 1.0%

AMH stock opened at $28.58 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.66. The company has a market cap of $10.40 billion, a price-to-earnings ratio of 24.22, a PEG ratio of 4.14 and a beta of 0.80. The business has a fifty day simple moving average of $30.91 and a 200-day simple moving average of $32.04. American Homes 4 Rent has a 52 week low of $28.55 and a 52 week high of $39.49.

American Homes 4 Rent (NYSE:AMH) last announced 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 firm 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 company earned $0.45 earnings per share. The business’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 expect that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 4.6%. This is a boost from American Homes 4 Rent’s previous quarterly dividend of $0.30. The ex-dividend date is Friday, March 13th. American Homes 4 Rent’s payout ratio is currently 101.69%.

Analyst Ratings Changes

AMH has been the topic of several recent research reports. Raymond James Financial restated a “market perform” rating on shares of American Homes 4 Rent in a research report on Friday, February 27th. Citigroup dropped their price objective on American Homes 4 Rent from $34.50 to $33.50 and set a “neutral” rating for the company in a research report on Monday, March 2nd. Royal Bank Of Canada cut their target price on shares of American Homes 4 Rent from $38.00 to $35.00 and set an “outperform” rating for the company in a research note on Monday, February 23rd. Citizens Jmp reduced their target price on shares of American Homes 4 Rent from $41.00 to $37.00 and set a “market outperform” rating on the stock in a report on Monday, February 23rd. Finally, Scotiabank decreased their price target 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 note on Wednesday, March 4th. Seven research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $35.72.

Insiders Place Their Bets

In other American Homes 4 Rent news, Director Douglas N. Benham acquired 1,200 shares of the stock in a transaction on Monday, March 2nd. The stock was purchased at an average price of $24.20 per share, for a total transaction of $29,040.00. Following the purchase, the director directly 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 acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director David Goldberg acquired 2,000 shares of the company’s stock in a transaction on Tuesday, March 3rd. The shares were acquired at an average price of $29.30 per share, for a total transaction of $58,600.00. Following the completion of the acquisition, the director directly owned 36,723 shares in the company, valued at $1,075,983.90. The trade was a 5.76% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders have purchased 6,771 shares of company stock valued at $183,684. Company insiders own 6.32% of the company’s stock.

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.