Insider Buying: American Homes 4 Rent (NYSE:AMH) Director Buys 1,000 Shares of Stock

American Homes 4 Rent (NYSE:AMH) Director Douglas Benham purchased 1,000 shares of American Homes 4 Rent stock in a transaction dated Wednesday, November 19th. The stock was acquired at an average price of $31.65 per share, for a total transaction of $31,650.00. Following the completion of the acquisition, the director owned 7,991 shares of the company’s stock, valued at approximately $252,915.15. This trade represents a 14.30% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

American Homes 4 Rent Trading Up 1.2%

AMH traded up $0.40 during trading hours on Friday, reaching $32.40. 2,411,359 shares of the company’s stock traded hands, compared to its average volume of 2,393,717. The firm has a 50-day moving average price of $32.60 and a 200 day moving average price of $34.95. The firm has a market capitalization of $12.02 billion, a PE ratio of 27.45, a PEG ratio of 2.81 and a beta of 0.75. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.62. American Homes 4 Rent has a 52-week low of $31.01 and a 52-week high of $39.49.

American Homes 4 Rent (NYSE:AMH) last released its earnings results on Wednesday, October 29th. The real estate investment trust reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. The business had revenue of $478.46 million for the quarter, compared to analyst estimates of $475.75 million. American Homes 4 Rent had a return on equity of 5.90% and a net margin of 24.70%.The business’s revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.44 earnings per share. American Homes 4 Rent has set its FY 2025 guidance at 1.860-1.88 EPS. As a group, sell-side analysts predict that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

American Homes 4 Rent Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Monday, December 15th. American Homes 4 Rent’s dividend payout ratio is currently 101.69%.

Institutional Investors Weigh In On American Homes 4 Rent

Several institutional investors have recently added to or reduced their stakes in AMH. Sequoia Financial Advisors LLC purchased a new position in American Homes 4 Rent in the 2nd quarter worth $311,000. Cbre Investment Management Listed Real Assets LLC grew its stake in American Homes 4 Rent by 206.4% during the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,220,109 shares of the real estate investment trust’s stock valued at $46,132,000 after purchasing an additional 821,874 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of American Homes 4 Rent by 0.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 4,366,860 shares of the real estate investment trust’s stock valued at $165,111,000 after purchasing an additional 32,825 shares during the period. Gotham Asset Management LLC increased its holdings in shares of American Homes 4 Rent by 16.7% in the first quarter. Gotham Asset Management LLC now owns 616,790 shares of the real estate investment trust’s stock valued at $23,321,000 after purchasing an additional 88,358 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in shares of American Homes 4 Rent by 15.2% in the first quarter. JPMorgan Chase & Co. now owns 15,899,721 shares of the real estate investment trust’s stock worth $601,169,000 after purchasing an additional 2,094,497 shares during the last quarter. Institutional investors and hedge funds own 91.87% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on AMH. Mizuho dropped their price objective on American Homes 4 Rent from $36.00 to $34.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 21st. Morgan Stanley reduced their price objective on shares of American Homes 4 Rent from $41.00 to $40.00 and set an “overweight” rating for the company in a research note on Thursday, November 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Homes 4 Rent in a research report on Wednesday, October 8th. Barclays reduced their price target on American Homes 4 Rent from $40.00 to $39.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 12th. Finally, Wolfe Research raised American Homes 4 Rent from a “peer perform” rating to an “outperform” rating and set a $38.00 price objective on the stock in a research report on Thursday, October 2nd. Eight analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, American Homes 4 Rent presently has an average rating of “Moderate Buy” and a consensus target price of $38.57.

About American Homes 4 Rent

American Homes 4 Rent operates as a real estate investment trust. It engages in the acquisition, renovation, leasing, and operating of single-family homes as rental properties. The company was founded by Bradley Wayne Hughes, Sr. on October 19, 2012 and is headquartered in Las Vegas, NV.