EverSource Wealth Advisors LLC Reduces Stake in American Homes 4 Rent $AMH

EverSource Wealth Advisors LLC reduced its stake in shares of American Homes 4 Rent (NYSE:AMH) by 36.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 100,475 shares of the real estate investment trust’s stock after selling 57,814 shares during the period. EverSource Wealth Advisors LLC’s holdings in American Homes 4 Rent were worth $3,225,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Global Retirement Partners LLC raised its position in shares of American Homes 4 Rent by 101.0% during the 4th quarter. Global Retirement Partners LLC now owns 1,662 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 835 shares during the last quarter. Algebris UK Ltd. acquired a new position in shares of American Homes 4 Rent during the 4th quarter worth approximately $34,166,000. ABN Amro Investment Solutions acquired a new position in shares of American Homes 4 Rent during the 4th quarter worth approximately $372,000. IFP Advisors Inc raised its position in shares of American Homes 4 Rent by 122.2% during the 4th quarter. IFP Advisors Inc now owns 802 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 441 shares during the last quarter. Finally, North Dakota State Investment Board acquired a new position in shares of American Homes 4 Rent during the 4th quarter worth approximately $386,000. 91.87% of the stock is currently owned by institutional investors and hedge funds.

American Homes 4 Rent Stock Up 0.6%

Shares of NYSE AMH opened at $32.29 on Friday. American Homes 4 Rent has a 52-week low of $27.22 and a 52-week high of $38.01. The firm has a fifty day moving average of $30.00 and a 200-day moving average of $30.85. The stock has a market capitalization of $11.64 billion, a PE ratio of 26.25, a P/E/G ratio of 4.25 and a beta of 0.82. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.67.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.30. American Homes 4 Rent had a net margin of 25.27% and a return on equity of 6.08%. The company had revenue of $472.02 million during the quarter, compared to analysts’ expectations of $470.62 million. During the same period in the previous year, the company earned $0.46 EPS. The business’s quarterly revenue was up 2.8% 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, analysts anticipate that American Homes 4 Rent will post 1.93 EPS for the current year.

American Homes 4 Rent Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Monday, June 15th. American Homes 4 Rent’s dividend payout ratio is 107.32%.

Insider Buying and Selling

In other American Homes 4 Rent news, Director Douglas N. Benham purchased 1,200 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The stock was purchased at an average cost 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 approximately $1,082,151.40. This trade represents a 2.76% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director David Goldberg purchased 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were acquired at an average cost of $29.30 per share, with a total value of $58,600.00. Following the completion of the transaction, the director owned 36,723 shares in the company, valued at $1,075,983.90. This trade represents a 5.76% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders acquired 11,771 shares of company stock valued at $300,708. Company insiders own 5.70% of the company’s stock.

Wall Street Analysts Forecast Growth

AMH has been the subject of several recent analyst reports. Keefe, Bruyette & Woods lifted their target price on shares of American Homes 4 Rent from $35.00 to $36.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 12th. UBS Group lowered their target price on shares of American Homes 4 Rent from $33.00 to $32.00 and set a “neutral” rating for the company in a research note on Tuesday, May 19th. 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 for the company in a research note on Monday, May 18th. Morgan Stanley lowered their target price on shares of American Homes 4 Rent from $40.00 to $39.00 and set an “overweight” rating for the company in a research note on Monday, March 9th. Finally, Citizens Jmp lowered their target price on shares of American Homes 4 Rent from $41.00 to $37.00 and set a “market outperform” rating for the company in a research note on Monday, February 23rd. Nine equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, American Homes 4 Rent has an average rating of “Hold” and an average price target of $35.00.

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.