Cohen & Steers Inc. Sells 6,155,049 Shares of American Homes 4 Rent $AMH

Cohen & Steers Inc. decreased its holdings in American Homes 4 Rent (NYSE:AMH) by 43.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,161,609 shares of the real estate investment trust’s stock after selling 6,155,049 shares during the quarter. Cohen & Steers Inc.’s holdings in American Homes 4 Rent were worth $262,002,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Norges Bank bought a new position in shares of American Homes 4 Rent during the 4th quarter worth approximately $710,672,000. Bank of Montreal Can lifted its position in shares of American Homes 4 Rent by 3,526.2% during the 4th quarter. Bank of Montreal Can now owns 4,599,850 shares of the real estate investment trust’s stock worth $147,655,000 after buying an additional 4,472,998 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC lifted its position 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 worth $155,690,000 after buying an additional 2,477,585 shares in the last quarter. M&T Bank Corp increased its stake in shares of American Homes 4 Rent by 21,864.2% during the 4th quarter. M&T Bank Corp now owns 1,774,489 shares of the real estate investment trust’s stock worth $56,961,000 after purchasing an additional 1,766,410 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of American Homes 4 Rent by 8.7% during the 4th quarter. Principal Financial Group Inc. now owns 15,810,964 shares of the real estate investment trust’s stock worth $507,532,000 after purchasing an additional 1,260,717 shares during the last quarter. Institutional investors own 91.87% of the company’s stock.

Insider Activity at American Homes 4 Rent

In other news, Director Jack E. Corrigan purchased 2,041 shares of American Homes 4 Rent stock in a transaction dated Monday, May 18th. The stock was purchased at an average cost of $23.53 per share, for a total transaction of $48,024.73. Following the transaction, 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 ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last ninety days, insiders have acquired 5,000 shares of company stock worth $117,024. 5.70% of the stock is owned by insiders.

American Homes 4 Rent Stock Up 0.8%

AMH opened at $33.25 on Friday. The company has a fifty day moving average price of $31.39 and a 200-day moving average price of $30.92. The firm has a market capitalization of $11.99 billion, a P/E ratio of 27.04, a price-to-earnings-growth ratio of 4.44 and a beta of 0.81. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.57 and a quick ratio of 0.57. American Homes 4 Rent has a one year low of $27.22 and a one year high of $37.06.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.30. The firm had revenue of $472.02 million during 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 business’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.46 EPS. American Homes 4 Rent has set its FY 2026 guidance at 1.890-1.950 EPS. Equities research analysts expect 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 declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders 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 dividend yield of 4.0%. The ex-dividend date is Monday, June 15th. American Homes 4 Rent’s payout ratio is 107.32%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. 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 target for the company in a research note on Monday, May 18th. Wells Fargo & Company raised 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. Citigroup decreased their price target on shares of American Homes 4 Rent from $34.50 to $33.50 and set a “neutral” rating for the company in a research note on Monday, March 2nd. 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. Finally, Mizuho reduced their price objective on shares of American Homes 4 Rent from $32.00 to $29.00 and set a “neutral” rating for the company in a research note on Friday, March 13th. Nine investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $35.08.

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.