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

American Homes 4 Rent (NYSE:AMH) Director Jack Corrigan acquired 1,359 shares of the business’s stock in a transaction on Friday, May 15th. The shares were purchased at an average price of $23.40 per share, with a total value of $31,800.60. Following the completion of the purchase, the director owned 15,048 shares in the company, valued at $352,123.20. This represents a 9.93% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.

American Homes 4 Rent Price Performance

NYSE:AMH opened at $31.83 on Tuesday. American Homes 4 Rent has a 12 month low of $27.22 and a 12 month high of $38.85. The stock has a 50 day moving average of $29.79 and a two-hundred day moving average of $30.84. 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 firm has a market cap of $11.48 billion, a P/E ratio of 25.88, a price-to-earnings-growth ratio of 4.03 and a beta of 0.82.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $0.48 EPS 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 during the quarter, compared to analyst estimates of $470.62 million. During the same period in the previous year, the business earned $0.46 EPS. American Homes 4 Rent’s quarterly 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. On average, analysts expect that American Homes 4 Rent will post 1.93 earnings per share for the current fiscal year.

American Homes 4 Rent Dividend Announcement

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in AMH. Jones Financial Companies Lllp lifted its holdings in American Homes 4 Rent by 1,103.6% in the first quarter. Jones Financial Companies Lllp now owns 13,047 shares of the real estate investment trust’s stock valued at $493,000 after acquiring an additional 11,963 shares during the last quarter. Cetera Investment Advisers lifted its holdings in American Homes 4 Rent by 3.3% in the second quarter. Cetera Investment Advisers now owns 16,819 shares of the real estate investment trust’s stock valued at $607,000 after acquiring an additional 537 shares during the last quarter. Walleye Capital LLC acquired a new position in American Homes 4 Rent in the second quarter valued at approximately $255,000. Jump Financial LLC acquired a new position in American Homes 4 Rent in the second quarter valued at approximately $413,000. Finally, Cerity Partners LLC lifted its holdings in American Homes 4 Rent by 5.6% in the second quarter. Cerity Partners LLC now owns 45,558 shares of the real estate investment trust’s stock valued at $1,643,000 after acquiring an additional 2,401 shares during the last quarter. 91.87% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AMH has been the topic of several recent research reports. Weiss Ratings restated a “hold (c)” rating on shares of American Homes 4 Rent in a report on Wednesday, January 21st. Mizuho lowered their target price on American Homes 4 Rent from $32.00 to $29.00 and set a “neutral” rating on the stock in a report on Friday, March 13th. Wells Fargo & Company lowered their target price on American Homes 4 Rent from $37.00 to $34.00 and set an “overweight” rating on the stock in a report on Thursday, March 5th. Citigroup lowered their target price 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. Finally, Morgan Stanley lowered their target price on American Homes 4 Rent from $40.00 to $39.00 and set an “overweight” rating on the stock in a report on Monday, March 9th. Nine investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, American Homes 4 Rent currently has a consensus rating of “Hold” and a consensus 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.