American Homes 4 Rent (NYSE:AMH) Director Purchases $48,024.73 in Stock

American Homes 4 Rent (NYSE:AMH) Director Jack Corrigan purchased 2,041 shares of the company’s stock in a transaction dated Monday, May 18th. The stock was bought at an average cost of $23.53 per share, for a total transaction of $48,024.73. Following the completion of the purchase, the director directly owned 17,000 shares of the company’s stock, valued at $400,010. The trade was a 13.64% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

American Homes 4 Rent Trading Up 1.5%

NYSE AMH opened at $32.18 on Thursday. American Homes 4 Rent has a 1-year low of $27.22 and a 1-year high of $38.76. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $11.60 billion, a PE ratio of 26.16, a price-to-earnings-growth ratio of 4.17 and a beta of 0.82. The firm’s fifty day simple moving average is $29.88 and its 200-day simple moving average is $30.84.

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

American Homes 4 Rent Dividend Announcement

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

Institutional Investors Weigh In On American Homes 4 Rent

A number of hedge funds have recently bought and sold shares of the company. Commonwealth Equity Services LLC boosted its holdings in American Homes 4 Rent by 3.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 10,797 shares of the real estate investment trust’s stock valued at $347,000 after acquiring an additional 321 shares during the period. Vanderbilt University boosted its holdings in American Homes 4 Rent by 1.5% during the first quarter. Vanderbilt University now owns 23,385 shares of the real estate investment trust’s stock valued at $653,000 after acquiring an additional 346 shares during the period. AE Wealth Management LLC boosted its holdings in American Homes 4 Rent by 7.3% during the third quarter. AE Wealth Management LLC now owns 6,149 shares of the real estate investment trust’s stock valued at $204,000 after acquiring an additional 418 shares during the period. Assetmark Inc. boosted its holdings in American Homes 4 Rent by 21.6% during the third quarter. Assetmark Inc. now owns 2,360 shares of the real estate investment trust’s stock valued at $78,000 after acquiring an additional 420 shares during the period. Finally, OMERS ADMINISTRATION Corp boosted its holdings in American Homes 4 Rent by 3.6% during the first quarter. OMERS ADMINISTRATION Corp now owns 12,112 shares of the real estate investment trust’s stock valued at $338,000 after acquiring an additional 424 shares during the period. 91.87% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on AMH shares. UBS Group decreased their price objective on shares of American Homes 4 Rent from $33.00 to $32.00 and set a “neutral” rating for the company in a report on Tuesday. Compass Point started coverage on shares of American Homes 4 Rent in a report on Tuesday, April 28th. They issued a “buy” rating and a $37.50 price objective for the company. Wells Fargo & Company decreased their price objective on shares of American Homes 4 Rent from $37.00 to $34.00 and set an “overweight” rating for the company in a report on Thursday, March 5th. Mizuho decreased their price objective on shares of American Homes 4 Rent from $32.00 to $29.00 and set a “neutral” rating for the company in a report on Friday, March 13th. Finally, Raymond James Financial upgraded shares of American Homes 4 Rent from a “market perform” rating to an “outperform” rating and set a $35.00 price objective for the company in a report on Monday. Nine research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $34.94.

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.