American Homes 4 Rent (NYSE:AMH) Director Jack E. Corrigan Buys 10,000 Shares

American Homes 4 Rent (NYSE:AMH) Director Jack E. Corrigan purchased 10,000 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were bought at an average cost of $22.78 per share, for a total transaction of $227,800.00. Following the acquisition, the director now owns 10,000 shares of the company’s stock, valued at $227,800. The transaction was disclosed in a filing with the SEC, which is available through this link.

American Homes 4 Rent Stock Performance

Shares of AMH opened at $36.18 on Thursday. American Homes 4 Rent has a 1 year low of $31.36 and a 1 year high of $37.97. The company’s 50 day simple moving average is $36.12 and its 200 day simple moving average is $35.54. The company has a market capitalization of $13.24 billion, a price-to-earnings ratio of 36.91, a PEG ratio of 2.75 and a beta of 0.70. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.46 and a current ratio of 0.59.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings data on Friday, May 3rd. The real estate investment trust reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.13). American Homes 4 Rent had a net margin of 22.55% and a return on equity of 5.00%. The business had revenue of $423.56 million during the quarter, compared to analysts’ expectations of $421.28 million. During the same period in the prior year, the firm earned $0.41 EPS. American Homes 4 Rent’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, sell-side analysts predict that American Homes 4 Rent will post 1.73 EPS for the current year.

American Homes 4 Rent Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Thursday, March 14th. This is a boost from American Homes 4 Rent’s previous quarterly dividend of $0.22. This represents a $1.04 annualized dividend and a dividend yield of 2.87%. American Homes 4 Rent’s payout ratio is currently 106.12%.

Institutional Investors Weigh In On American Homes 4 Rent

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. VisionPoint Advisory Group LLC acquired a new position in shares of American Homes 4 Rent during the 3rd quarter valued at $26,000. Blue Trust Inc. lifted its stake in shares of American Homes 4 Rent by 1,091.3% in the fourth quarter. Blue Trust Inc. now owns 953 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 873 shares in the last quarter. Tobam grew its stake in American Homes 4 Rent by 2,192.9% during the 4th quarter. Tobam now owns 963 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 921 shares in the last quarter. GAMMA Investing LLC acquired a new position in shares of American Homes 4 Rent in the 4th quarter valued at approximately $44,000. Finally, Capital Analysts LLC grew its position in shares of American Homes 4 Rent by 58.1% during the fourth quarter. Capital Analysts LLC now owns 1,436 shares of the real estate investment trust’s stock worth $52,000 after buying an additional 528 shares in the last quarter. 91.87% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft assumed coverage on American Homes 4 Rent in a research note on Tuesday, January 30th. They set a “buy” rating and a $40.00 price target for the company. Citigroup upgraded shares of American Homes 4 Rent from a “neutral” rating to a “buy” rating and raised their price objective for the company from $37.00 to $41.00 in a research report on Friday, March 22nd. Mizuho raised their price target on American Homes 4 Rent from $37.00 to $39.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. Raymond James upped their price objective on American Homes 4 Rent from $40.00 to $41.00 and gave the stock an “outperform” rating in a report on Thursday, March 28th. Finally, BNP Paribas initiated coverage on shares of American Homes 4 Rent in a research report on Monday, January 22nd. They set an “outperform” rating and a $42.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $39.67.

American Homes 4 Rent Company Profile

AMH (NYSE: AMH) is a leading large-scale integrated owner, operator and developer of single-family rental homes. We're an internally managed Maryland real estate investment trust (REIT) focused on acquiring, developing, renovating, leasing and managing homes as rental properties. Our goal is to simplify the experience of leasing a home and deliver peace of mind to households across the country.