American Homes 4 Rent (AMH) COO Sells $21,393,000.00 in Stock

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American Homes 4 Rent (NYSE:AMH) COO Jack E. Corrigan sold 900,000 shares of American Homes 4 Rent stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $23.77, for a total transaction of $21,393,000.00. Following the completion of the transaction, the chief operating officer now directly owns 100 shares in the company, valued at approximately $2,377. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of American Homes 4 Rent stock traded up $0.04 during midday trading on Monday, hitting $23.83. The company had a trading volume of 2,075,021 shares, compared to its average volume of 2,170,020. The company has a market cap of $7.09 billion, a price-to-earnings ratio of 22.48, a PEG ratio of 2.17 and a beta of 0.74. The company has a current ratio of 1.30, a quick ratio of 0.93 and a debt-to-equity ratio of 0.49. American Homes 4 Rent has a 1-year low of $18.91 and a 1-year high of $24.45.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.21). The company had revenue of $279.20 million during the quarter, compared to analyst estimates of $275.90 million. American Homes 4 Rent had a return on equity of 1.98% and a net margin of 10.78%. The company’s revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.24 EPS. As a group, research analysts forecast that American Homes 4 Rent will post 1.11 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be paid a $0.05 dividend. The ex-dividend date is Thursday, June 13th. This represents a $0.20 annualized dividend and a dividend yield of 0.84%. American Homes 4 Rent’s payout ratio is 18.87%.

A number of research firms have recently commented on AMH. ValuEngine raised shares of American Homes 4 Rent from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. Zacks Investment Research lowered shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Wednesday, April 10th. Finally, Wells Fargo & Co reissued a “hold” rating on shares of American Homes 4 Rent in a research report on Thursday, March 14th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $23.83.

Several institutional investors have recently made changes to their positions in AMH. Quadrant Capital Group LLC grew its stake in shares of American Homes 4 Rent by 130.3% in the first quarter. Quadrant Capital Group LLC now owns 3,986 shares of the real estate investment trust’s stock worth $87,000 after acquiring an additional 2,255 shares during the last quarter. Penserra Capital Management LLC acquired a new stake in shares of American Homes 4 Rent in the first quarter worth $102,000. Solstein Capital LLC acquired a new stake in shares of American Homes 4 Rent in the first quarter worth $136,000. Federated Investors Inc. PA acquired a new stake in shares of American Homes 4 Rent in the first quarter worth $161,000. Finally, First Hawaiian Bank grew its stake in shares of American Homes 4 Rent by 8.6% in the fourth quarter. First Hawaiian Bank now owns 9,290 shares of the real estate investment trust’s stock worth $184,000 after acquiring an additional 732 shares during the last quarter. Institutional investors and hedge funds own 87.10% of the company’s stock.

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About American Homes 4 Rent

American Homes 4 Rent (NYSE: AMH) is a leader in the single-family home rental industry and "American Homes 4 Rent" is fast becoming a nationally recognized brand for rental homes, known for high quality, good value and tenant satisfaction. We are an internally managed Maryland real estate investment trust, or REIT, focused on acquiring, renovating, leasing, and operating attractive, single-family homes as rental properties.

Further Reading: Net Margin – Understanding the Different Kinds of Profit

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