Jack E. Corrigan Acquires 10,000 Shares of American Homes 4 Rent (NYSE:AMH) Stock

American Homes 4 Rent (NYSE:AMH) Director Jack E. Corrigan acquired 10,000 shares of the business’s stock in a transaction on Monday, May 6th. The shares were bought at an average price of $22.78 per share, for a total transaction of $227,800.00. Following the acquisition, the director now owns 10,000 shares in the company, valued at approximately $227,800. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

American Homes 4 Rent Stock Down 0.8 %

Shares of NYSE AMH traded down $0.30 during trading hours on Wednesday, hitting $36.18. The stock had a trading volume of 1,326,827 shares, compared to its average volume of 3,295,213. The company has a market capitalization of $13.24 billion, a P/E ratio of 36.91, a P/E/G ratio of 2.75 and a beta of 0.70. The firm’s 50-day moving average price is $36.12 and its two-hundred day moving average price is $35.54. American Homes 4 Rent has a 52 week low of $31.36 and a 52 week high of $37.97. 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 earnings results on Friday, May 3rd. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.13). The company had revenue of $423.56 million for the quarter, compared to the consensus estimate of $421.28 million. American Homes 4 Rent had a return on equity of 5.00% and a net margin of 22.55%. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.41 EPS. Analysts anticipate that American Homes 4 Rent will post 1.73 EPS for the current fiscal year.

American Homes 4 Rent Increases Dividend

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

Institutional Investors Weigh In On American Homes 4 Rent

A number of large investors have recently added to or reduced their stakes in the stock. ProShare Advisors LLC bought a new stake in American Homes 4 Rent during the first quarter worth approximately $571,000. Russell Investments Group Ltd. lifted its holdings in shares of American Homes 4 Rent by 14.9% during the first quarter. Russell Investments Group Ltd. now owns 3,216,527 shares of the real estate investment trust’s stock worth $118,302,000 after buying an additional 418,236 shares during the last quarter. Capital Square LLC lifted its holdings in shares of American Homes 4 Rent by 6.2% during the first quarter. Capital Square LLC now owns 8,832 shares of the real estate investment trust’s stock worth $325,000 after buying an additional 518 shares during the last quarter. Chilton Capital Management LLC lifted its holdings in shares of American Homes 4 Rent by 1.0% during the first quarter. Chilton Capital Management LLC now owns 492,733 shares of the real estate investment trust’s stock worth $18,123,000 after buying an additional 5,104 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of American Homes 4 Rent during the first quarter worth approximately $7,040,000. Institutional investors own 91.87% of the company’s stock.

Analyst Upgrades and Downgrades

AMH has been the topic of several research analyst reports. Mizuho lifted their target price on American Homes 4 Rent from $37.00 to $39.00 and gave the company a “buy” rating in a research note on Wednesday, March 20th. StockNews.com cut American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. Raymond James lifted their target price on American Homes 4 Rent from $40.00 to $41.00 and gave the company an “outperform” rating in a research note on Thursday, March 28th. Citigroup raised American Homes 4 Rent from a “neutral” rating to a “buy” rating and lifted their target price for the company from $37.00 to $41.00 in a research note on Friday, March 22nd. Finally, BNP Paribas initiated coverage on American Homes 4 Rent in a research note on Monday, January 22nd. They set an “outperform” rating and a $42.00 target price on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus 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.