Bank of Montreal 13F: Cuts AMH Stake by $20M

Bank of Montreal has trimmed its stake in American Homes 4 Rent (NYSE:AMH). According to its latest Form 13F filing with the SEC, the bank reduced its holdings by 589,085 shares, a 12.8% decrease, during the reporting period. This brings its total to 4,010,765 shares, valued at approximately $128.7 million as of the filing date.

What Changed in Bank of Montreal's American Homes 4 Rent Position

Bank of Montreal significantly cut its investment in American Homes 4 Rent, dropping 589,085 shares from its portfolio. This reduction represents a 12.8% decrease, bringing the bank's total holdings to 4,010,765 shares. The current value of these shares is about $128.7 million.

Other Institutional Activity in American Homes 4 Rent

Several other institutional investors also adjusted their positions in American Homes 4 Rent. BlackRock, Inc. increased its stake by 398,021 shares, now holding 44,478,541 shares valued at approximately $1.24 billion. Principal Financial Group Inc. boosted its holdings by 3,126,434 shares, ending with 18,937,398 shares worth about $528.7 million. Conversely, State Street Corp reduced its stake by 2,239,922 shares, now holding 16,218,219 shares, valued at around $452.8 million.

American Homes 4 Rent Stock Up 8.7%

Shares of American Homes 4 Rent are trading near $32.10. The company has a market cap of approximately $11.4 billion and a P/E ratio of 25.78. Its stock has ranged from a low of $27.22 to a high of $37.06 over the past 52 weeks. The 50-day moving average is $31.67, while the 200-day moving average is $31.49. The real estate company has a current ratio of 1.96 and a debt-to-equity ratio of 67.70.

Recent Earnings

American Homes 4 Rent reported revenue of $1.86 billion, showing a growth rate of 2.8%. The company achieved a net margin of 25.27% and a return on equity of 6.91%. Investors can look forward to the next earnings report scheduled for July 30, 2026.

Dividend

The company offers an annual dividend rate of $1.32, yielding 4.07% with a payout ratio of 100%. This consistent dividend provides an attractive income stream for shareholders.

Insider Buying and Selling at American Homes 4 Rent

Recent insider transactions show that Tamara Hughes Gustavson purchased 30,000 shares at an average price of $21.45 on June 5, 2026. Jack Corrigan also bought shares, acquiring 2,041 shares at $23.53 on May 18, 2026.

Analysts Set New Price Targets

Several analysts have maintained their ratings on American Homes 4 Rent. On June 17, 2026, Mizuho maintained a 'hold' rating with a $35 price target. BMO Capital also kept its 'hold' stance with a $39 target on June 15, 2026. The consensus among 22 analysts is a 'buy' rating, with a mean price target of $35.73.

About American Homes 4 Rent

American Homes 4 Rent is a real estate investment trust (REIT) focused on owning and managing single-family homes as rental properties. Headquartered in Las Vegas, NV, the company develops, renovates, and leases homes across 24 states. Under the leadership of CEO Mr. Bryan Smith, the company has built a reputation for quality and resident satisfaction, contributing to the national housing supply with its development initiatives.

Bottom Line

The recent reduction in Bank of Montreal's stake in American Homes 4 Rent is part of regular portfolio management, as reflected in the latest 13F filing. Investors often watch these filings to gauge institutional sentiment, although they are backward-looking and may not represent current positions.