American Homes 4 Rent (NYSE:AMH) COO Jack E. Corrigan sold 91,324 shares of the business’s stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $20.97, for a total transaction of $1,915,064.28. Following the transaction, the chief operating officer now owns 100 shares of the company’s stock, valued at approximately $2,097. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shares of American Homes 4 Rent (NYSE:AMH) opened at 21.46 on Tuesday. American Homes 4 Rent has a one year low of $13.16 and a one year high of $22.99. The stock has a 50 day moving average of $22.00 and a 200-day moving average of $18.80. The stock’s market capitalization is $5.12 billion.

American Homes 4 Rent (NYSE:AMH) last issued its earnings results on Thursday, August 4th. The company reported $0.21 EPS for the quarter, missing the Zacks’ consensus estimate of $0.23 by $0.02. American Homes 4 Rent had a negative net margin of 4.72% and a negative return on equity of 0.83%. The business earned $221 million during the quarter, compared to analysts’ expectations of $219.32 million. During the same period in the prior year, the business posted $0.17 EPS. The business’s revenue was up 43.9% on a year-over-year basis. Equities analysts predict that American Homes 4 Rent will post $0.96 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 15th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date is Tuesday, September 13th. American Homes 4 Rent’s dividend payout ratio is presently -66.66%.

Institutional investors have recently modified their holdings of the stock. Virginia Retirement System purchased a new stake in American Homes 4 Rent during the first quarter valued at about $3,948,000. State Street Corp increased its stake in American Homes 4 Rent by 26.3% in the first quarter. State Street Corp now owns 4,902,960 shares of the company’s stock valued at $77,954,000 after buying an additional 1,022,469 shares during the period. Geode Capital Management LLC increased its stake in American Homes 4 Rent by 30.1% in the first quarter. Geode Capital Management LLC now owns 1,513,148 shares of the company’s stock valued at $24,059,000 after buying an additional 349,808 shares during the period. Nuveen Asset Management LLC purchased a new stake in American Homes 4 Rent during the first quarter valued at about $5,039,000. Finally, TIAA CREF Investment Management LLC increased its stake in American Homes 4 Rent by 19.3% in the first quarter. TIAA CREF Investment Management LLC now owns 319,177 shares of the company’s stock valued at $5,075,000 after buying an additional 51,543 shares during the period. 72.48% of the stock is currently owned by institutional investors and hedge funds.

AMH has been the subject of several research analyst reports. Raymond James Financial Inc. upped their price objective on shares of American Homes 4 Rent from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Thursday, September 8th. Wells Fargo & Co. restated a “hold” rating on shares of American Homes 4 Rent in a research note on Wednesday, August 17th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $20.00 price objective (up previously from $19.00) on shares of American Homes 4 Rent in a research note on Saturday, August 13th. Zelman & Associates upgraded shares of American Homes 4 Rent from a “hold” rating to a “buy” rating in a research note on Monday, August 8th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of American Homes 4 Rent from $19.00 to $22.00 and gave the company a “market perform” rating in a research note on Monday, August 8th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $22.80.

About American Homes 4 Rent

American Homes 4 Rent is an internally managed real estate investment trust (REIT) focused on acquiring, renovating, leasing and operating single-family homes as rental properties. The Company’s primary objective is to generate attractive risk-adjusted returns for its shareholders through dividends and capital appreciation by acquiring, renovating, leasing and operating single-family homes as rental properties.

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