KBC Group NV Lowers Stock Holdings in American Homes 4 Rent $AMH

KBC Group NV cut its holdings in American Homes 4 Rent (NYSE:AMH) by 57.2% in the 1st quarter, HoldingsChannel reports. The fund owned 32,036 shares of the real estate investment trust’s stock after selling 42,835 shares during the period. KBC Group NV’s holdings in American Homes 4 Rent were worth $894,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of American Homes 4 Rent during the fourth quarter worth $710,672,000. Bank of Montreal Can grew its holdings in American Homes 4 Rent by 3,526.2% in the 4th quarter. Bank of Montreal Can now owns 4,599,850 shares of the real estate investment trust’s stock valued at $147,655,000 after buying an additional 4,472,998 shares during the period. Principal Financial Group Inc. grew its holdings in American Homes 4 Rent by 19.8% in the 1st quarter. Principal Financial Group Inc. now owns 18,937,398 shares of the real estate investment trust’s stock valued at $528,736,000 after buying an additional 3,126,434 shares during the period. AQR Capital Management LLC increased its stake in shares of American Homes 4 Rent by 1,299.8% during the 4th quarter. AQR Capital Management LLC now owns 3,112,624 shares of the real estate investment trust’s stock valued at $99,915,000 after acquiring an additional 2,890,263 shares during the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC increased its stake in shares of American Homes 4 Rent by 104.4% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 4,850,171 shares of the real estate investment trust’s stock valued at $155,690,000 after acquiring an additional 2,477,585 shares during the last quarter. Hedge funds and other institutional investors own 91.87% of the company’s stock.

Insider Activity

In other news, Director Jack E. Corrigan acquired 2,041 shares of the company’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 completion of the purchase, the director directly owned 17,000 shares of the company’s stock, 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 SEC, which can be accessed through the SEC website. Insiders have purchased a total of 5,000 shares of company stock worth $117,024 in the last 90 days. Company insiders own 5.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft set a $39.00 price objective on shares of American Homes 4 Rent in a report on Friday, June 26th. Raymond James Financial raised shares of American Homes 4 Rent from a “market perform” rating to an “outperform” rating and set a $35.00 price target for the company in a research report on Monday, May 18th. Wells Fargo & Company increased their price target on shares of American Homes 4 Rent from $34.00 to $36.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. Jefferies Financial Group upgraded shares of American Homes 4 Rent to a “strong-buy” rating in a report on Wednesday. Finally, Compass Point initiated coverage on shares of American Homes 4 Rent in a research note on Tuesday, April 28th. They set a “buy” rating and a $37.50 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $36.47.

American Homes 4 Rent Trading Up 1.0%

Shares of AMH opened at $33.43 on Friday. American Homes 4 Rent has a 12 month low of $27.22 and a 12 month high of $36.38. The stock’s 50-day moving average is $32.93 and its two-hundred day moving average is $31.27. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.57 and a quick ratio of 0.57. The stock has a market cap of $12.05 billion, a PE ratio of 27.18, a P/E/G ratio of 4.50 and a beta of 0.79.

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

American Homes 4 Rent Announces Dividend

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