American Homes 4 Rent (NYSE:AMH) Director Buys 6,000 Shares of Stock

American Homes 4 Rent (NYSE:AMH) Director Jack Corrigan purchased 6,000 shares of the stock in a transaction that occurred on Monday, August 24th. The stock was purchased at an average price of $22.42 per share, for a total transaction of $134,520.00. Following the acquisition, the director owned 22,000 shares in the company, valued at approximately $493,240. This trade represents a 37.50% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

American Homes 4 Rent Price Performance

NYSE AMH traded down $0.34 during mid-day trading on Wednesday, hitting $34.22. The stock had a trading volume of 1,711,571 shares, compared to its average volume of 3,320,935. The company has a 50 day simple moving average of $33.66 and a 200 day simple moving average of $31.68. The company has a market cap of $12.34 billion, a price-to-earnings ratio of 27.16, a P/E/G ratio of 6.24 and a beta of 0.79. American Homes 4 Rent has a 52-week low of $27.22 and a 52-week high of $35.85. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.69.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.13. The business had revenue of $470.10 million during the quarter, compared to analysts’ expectations of $466.51 million. American Homes 4 Rent had a return on equity of 6.25% and a net margin of 25.53%.The business’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter last year, the business posted $0.47 earnings per share. American Homes 4 Rent has set its FY 2026 guidance at 1.930-1.970 EPS. Equities analysts forecast that American Homes 4 Rent will post 1.9 EPS for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 3.9%. The ex-dividend date is Tuesday, September 15th. American Homes 4 Rent’s dividend payout ratio (DPR) is 104.76%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Royal Bank Of Canada upped their price target on shares of American Homes 4 Rent from $36.00 to $37.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. Jefferies Financial Group raised shares of American Homes 4 Rent to a “strong-buy” rating in a research note on Wednesday, July 22nd. Morgan Stanley cut their price objective on American Homes 4 Rent from $38.50 to $38.00 and set an “overweight” rating for the company in a research report on Wednesday, August 12th. Wall Street Zen raised American Homes 4 Rent from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Barclays increased their target price on American Homes 4 Rent from $32.00 to $36.00 and gave the company an “equal weight” rating in a report on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $36.83.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. M&T Bank Corp grew its position in shares of American Homes 4 Rent by 386.9% in the fourth quarter. M&T Bank Corp now owns 39,333 shares of the real estate investment trust’s stock valued at $1,262,000 after purchasing an additional 31,254 shares during the period. Bank of America Corp DE lifted its position in American Homes 4 Rent by 69.0% during the first quarter. Bank of America Corp DE now owns 1,609,254 shares of the real estate investment trust’s stock worth $44,930,000 after buying an additional 656,937 shares during the period. Strs Ohio lifted its position in American Homes 4 Rent by 50.5% during the fourth quarter. Strs Ohio now owns 246,263 shares of the real estate investment trust’s stock worth $7,905,000 after buying an additional 82,615 shares during the period. Principal Financial Group Inc. boosted its stake in American Homes 4 Rent by 8.7% in 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 buying an additional 1,260,717 shares during the last quarter. Finally, Louisiana State Employees Retirement System acquired a new stake in American Homes 4 Rent in the 1st quarter worth about $2,638,000. 91.87% of the stock is currently owned by hedge funds and other institutional investors.

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.