American Homes 4 Rent (NYSE:AMH) Director Jack Corrigan Purchases 1,594 Shares

American Homes 4 Rent (NYSE:AMH) Director Jack Corrigan bought 1,594 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The shares were purchased at an average price of $23.25 per share, with a total value of $37,060.50. Following the transaction, the director directly owned 20,000 shares in the company, valued at $465,000. This represents a 8.66% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

American Homes 4 Rent Trading Down 0.3%

Shares of American Homes 4 Rent stock opened at $31.35 on Friday. The stock has a market capitalization of $11.40 billion, a P/E ratio of 25.49, a price-to-earnings-growth ratio of 4.15 and a beta of 0.82. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.67. The company has a 50-day simple moving average of $29.74 and a 200 day simple moving average of $30.86. American Homes 4 Rent has a 12-month low of $27.22 and a 12-month high of $38.85.

American Homes 4 Rent (NYSE:AMH) last announced its earnings results on Wednesday, May 6th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.30. The business had revenue of $472.02 million during the quarter, compared to analysts’ expectations of $470.62 million. American Homes 4 Rent had a net margin of 25.27% and a return on equity of 6.08%. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter last year, the company posted $0.46 EPS. American Homes 4 Rent has set its FY 2026 guidance at 1.890-1.950 EPS. Research analysts expect that American Homes 4 Rent will post 1.92 earnings per share for the current fiscal year.

American Homes 4 Rent Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a dividend of $0.33 per share. The ex-dividend date is Monday, June 15th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.2%. American Homes 4 Rent’s dividend payout ratio (DPR) is 107.32%.

Institutional Investors Weigh In On American Homes 4 Rent

Several institutional investors have recently modified their holdings of AMH. Norges Bank acquired a new stake in shares of American Homes 4 Rent during the 4th quarter worth approximately $710,672,000. Bank of Montreal Can grew its position in shares of American Homes 4 Rent by 3,526.2% during the 4th quarter. Bank of Montreal Can now owns 4,599,850 shares of the real estate investment trust’s stock worth $147,655,000 after buying an additional 4,472,998 shares during the period. Principal Financial Group Inc. grew its position in shares of American Homes 4 Rent by 19.8% during the 1st quarter. Principal Financial Group Inc. now owns 18,937,398 shares of the real estate investment trust’s stock worth $528,736,000 after buying an additional 3,126,434 shares during the period. AQR Capital Management LLC grew its position in shares of American Homes 4 Rent by 1,299.8% during the 4th quarter. AQR Capital Management LLC now owns 3,112,624 shares of the real estate investment trust’s stock worth $99,915,000 after buying an additional 2,890,263 shares during the period. Finally, Cbre Investment Management Listed Real Assets LLC grew its position in shares of American Homes 4 Rent by 104.4% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 4,850,171 shares of the real estate investment trust’s stock worth $155,690,000 after buying an additional 2,477,585 shares during the period. Institutional investors and hedge funds own 91.87% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on AMH shares. Royal Bank Of Canada raised their price objective on shares of American Homes 4 Rent from $34.00 to $35.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Wall Street Zen upgraded shares of American Homes 4 Rent from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of American Homes 4 Rent from $34.00 to $30.00 and set a “hold” rating for the company in a research report on Friday, March 20th. Morgan Stanley lowered their price objective on shares of American Homes 4 Rent from $40.00 to $39.00 and set an “overweight” rating for the company in a research report on Monday, March 9th. Finally, Citigroup lowered their price objective on shares of American Homes 4 Rent from $34.50 to $33.50 and set a “neutral” rating for the company in a research report on Monday, March 2nd. Eight analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $35.00.

American Homes 4 Rent Company Profile

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.