American Homes 4 Rent (NYSE:AMH) Director Jack Corrigan Buys 1,359 Shares

American Homes 4 Rent (NYSE:AMH) Director Jack Corrigan purchased 1,359 shares of the business’s stock in a transaction on Friday, May 15th. The shares were bought at an average price of $23.40 per share, for a total transaction of $31,800.60. Following the acquisition, the director owned 15,048 shares in the company, valued at $352,123.20. This trade represents a 9.93% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

American Homes 4 Rent Stock Up 4.0%

NYSE AMH traded up $1.22 during trading hours on Monday, hitting $31.83. 5,431,191 shares of the company were exchanged, compared to its average volume of 4,043,658. The company has a 50 day moving average of $29.75 and a two-hundred day moving average of $30.84. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.67. American Homes 4 Rent has a 52-week low of $27.22 and a 52-week high of $38.85. The firm has a market cap of $11.48 billion, a price-to-earnings ratio of 25.88, a PEG ratio of 4.03 and a beta of 0.82.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.30. American Homes 4 Rent had a return on equity of 6.08% and a net margin of 25.27%.The company had revenue of $472.02 million for the quarter, compared to the consensus estimate of $470.62 million. During the same quarter in the prior year, the business earned $0.46 EPS. American Homes 4 Rent’s revenue was up 2.8% on a year-over-year basis. American Homes 4 Rent has set its FY 2026 guidance at 1.890-1.950 EPS. Equities research analysts anticipate that American Homes 4 Rent will post 1.93 earnings per share for the current year.

American Homes 4 Rent Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.33 per share. The ex-dividend date is Monday, June 15th. This represents a $1.32 annualized dividend and a yield of 4.1%. American Homes 4 Rent’s dividend payout ratio is 107.32%.

Analysts Set New Price Targets

A number of research firms have recently commented on AMH. Citigroup dropped their price objective on American Homes 4 Rent from $34.50 to $33.50 and set a “neutral” rating on the stock in a report on Monday, March 2nd. Raymond James Financial upgraded American Homes 4 Rent from a “market perform” rating to an “outperform” rating and set a $35.00 price objective on the stock in a report on Monday. Barclays increased their price objective on American Homes 4 Rent from $31.00 to $32.00 and gave the company an “equal weight” rating in a report on Monday, April 27th. Deutsche Bank Aktiengesellschaft dropped their price objective on American Homes 4 Rent from $34.00 to $30.00 and set a “hold” rating on the stock in a report on Friday, March 20th. Finally, Compass Point initiated coverage on shares of American Homes 4 Rent in a research report on Tuesday, April 28th. They set a “buy” rating and a $37.50 price objective for the company. Nine analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, American Homes 4 Rent has an average rating of “Hold” and an average target price of $35.00.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Wilmington Savings Fund Society FSB grew its position in shares of American Homes 4 Rent by 10,728.6% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 758 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 751 shares during the last quarter. IFP Advisors Inc grew its stake in American Homes 4 Rent by 122.2% during the 4th quarter. IFP Advisors Inc now owns 802 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 441 shares during the last quarter. True Wealth Design LLC grew its stake in American Homes 4 Rent by 230.8% during the 4th quarter. True Wealth Design LLC now owns 827 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 577 shares during the last quarter. Parallel Advisors LLC grew its stake in American Homes 4 Rent by 84.8% during the 3rd quarter. Parallel Advisors LLC now owns 963 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 442 shares during the last quarter. Finally, Prosperity Bancshares Inc purchased a new position in American Homes 4 Rent during the 4th quarter worth approximately $35,000. 91.87% of the stock is 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.