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American Homes 4 Rent beat earnings expectations, despite major investors reducing holdings.
Summit Investment Advisors and Federated Hermes Inc. reduced their holdings in American Homes 4 Rent (AMH) by 1.6% and 11.1%, respectively, while North Carolina's Treasurer increased its stake by 0.5%.
AMH's earnings per share of $0.45 surpassed analyst expectations.
The company, which focuses on single-family home rentals, has a "Hold" consensus rating and a $40.14 average target price.
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American Homes 4 Rent superó las expectativas de ganancias, a pesar de que los principales inversores redujeron sus tenencias.