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flag American Homes 4 Rent beat earnings expectations, despite major investors reducing holdings.

flag 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%. flag AMH's earnings per share of $0.45 surpassed analyst expectations. flag 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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