Jack Corrigan Purchases 5,000 Shares of American Homes 4 Rent (NYSE:AMH) Stock

American Homes 4 Rent (NYSE:AMH) Director Jack Corrigan purchased 5,000 shares of American Homes 4 Rent stock in a transaction that occurred on Tuesday, December 9th. The stock was purchased at an average price of $22.96 per share, with a total value of $114,800.00. Following the completion of the purchase, the director directly owned 17,300 shares in the company, valued at $397,208. This trade represents a 40.65% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

American Homes 4 Rent Stock Down 0.3%

AMH stock opened at $31.11 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.41 and a quick ratio of 0.41. The stock has a market capitalization of $11.54 billion, a price-to-earnings ratio of 26.36, a PEG ratio of 2.93 and a beta of 0.80. The business’s fifty day moving average price is $32.09 and its two-hundred day moving average price is $34.20. American Homes 4 Rent has a fifty-two week low of $30.11 and a fifty-two week high of $39.49.

American Homes 4 Rent (NYSE:AMH) last announced its earnings results on Wednesday, October 29th. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. American Homes 4 Rent had a net margin of 24.70% and a return on equity of 5.90%. The company had revenue of $478.46 million during the quarter, compared to analysts’ expectations of $475.75 million. During the same quarter in the previous year, the business posted $0.44 earnings per share. American Homes 4 Rent’s quarterly revenue was up 7.5% on a year-over-year basis. American Homes 4 Rent has set its FY 2025 guidance at 1.860-1.88 EPS. On average, equities analysts anticipate that American Homes 4 Rent will post 1.85 earnings per share for the current year.

American Homes 4 Rent Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $1.20 dividend on an annualized basis and a yield of 3.9%. American Homes 4 Rent’s payout ratio is currently 101.69%.

Institutional Investors Weigh In On American Homes 4 Rent

A number of large investors have recently modified their holdings of AMH. Citigroup Inc. raised its holdings in shares of American Homes 4 Rent by 5.2% during the 1st quarter. Citigroup Inc. now owns 176,085 shares of the real estate investment trust’s stock worth $6,658,000 after buying an additional 8,714 shares in the last quarter. Townsquare Capital LLC grew its position in American Homes 4 Rent by 30.9% in the first quarter. Townsquare Capital LLC now owns 7,757 shares of the real estate investment trust’s stock valued at $293,000 after acquiring an additional 1,831 shares during the last quarter. Entropy Technologies LP acquired a new position in American Homes 4 Rent during the first quarter worth about $284,000. Nuveen LLC bought a new position in shares of American Homes 4 Rent in the first quarter worth about $113,669,000. Finally, Resona Asset Management Co. Ltd. boosted its stake in shares of American Homes 4 Rent by 7.9% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 189,001 shares of the real estate investment trust’s stock valued at $7,114,000 after purchasing an additional 13,810 shares in the last quarter. Institutional investors and hedge funds own 91.87% of the company’s stock.

Analyst Upgrades and Downgrades

AMH has been the topic of several recent research reports. Wolfe Research raised shares of American Homes 4 Rent from a “peer perform” rating to an “outperform” rating and set a $38.00 target price on the stock in a report on Thursday, October 2nd. Morgan Stanley reduced their price target on American Homes 4 Rent from $41.00 to $40.00 and set an “overweight” rating on the stock in a research report on Thursday, November 13th. The Goldman Sachs Group cut American Homes 4 Rent from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $43.00 to $37.00 in a report on Wednesday, September 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of American Homes 4 Rent in a research report on Wednesday, October 8th. Finally, Mizuho decreased their price target on American Homes 4 Rent from $36.00 to $34.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 21st. Eight equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $38.14.

About American Homes 4 Rent

American Homes 4 Rent operates as a real estate investment trust. It engages in the acquisition, renovation, leasing, and operating of single-family homes as rental properties. The company was founded by Bradley Wayne Hughes, Sr. on October 19, 2012 and is headquartered in Las Vegas, NV.