Jack Corrigan Acquires 6,000 Shares of American Homes 4 Rent (NYSE:AMH) Stock

American Homes 4 Rent (NYSE:AMH) Director Jack Corrigan purchased 6,000 shares of the firm’s stock in a transaction dated Monday, August 24th. The stock was acquired at an average cost of $22.42 per share, for a total transaction of $134,520.00. Following the purchase, the director owned 22,000 shares in the company, valued at approximately $493,240. The trade was a 37.50% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.

American Homes 4 Rent Stock Performance

NYSE AMH opened at $33.42 on Friday. The stock has a fifty day simple moving average of $33.74 and a 200-day simple moving average of $31.72. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.69. The stock has a market cap of $12.05 billion, a PE ratio of 26.53, a P/E/G ratio of 6.12 and a beta of 0.79. American Homes 4 Rent has a twelve month low of $27.22 and a twelve month high of $35.85.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.13. American Homes 4 Rent had a net margin of 25.53% and a return on equity of 6.25%. The firm had revenue of $470.10 million for the quarter, compared to analyst estimates of $466.51 million. During the same period in the previous year, the firm earned $0.47 EPS. American Homes 4 Rent’s revenue was up 2.8% on a year-over-year basis. American Homes 4 Rent has set its FY 2026 guidance at 1.930-1.970 EPS. Equities analysts anticipate that American Homes 4 Rent will post 1.9 earnings per share for the current year.

American Homes 4 Rent Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Tuesday, September 15th. American Homes 4 Rent’s payout ratio is 104.76%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on AMH shares. BMO Capital Markets upgraded shares of American Homes 4 Rent from a “market perform” rating to an “outperform” rating and set a $39.00 target price for the company in a report on Friday, June 26th. Wells Fargo & Company upped their price target on American Homes 4 Rent from $36.00 to $38.00 and gave the stock an “overweight” rating in a research note on Monday, August 10th. Royal Bank Of Canada raised their price target on American Homes 4 Rent from $36.00 to $37.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. UBS Group lifted their price objective on American Homes 4 Rent from $32.00 to $35.00 and gave the company a “neutral” rating in a research note on Wednesday, July 8th. Finally, Wall Street Zen upgraded American Homes 4 Rent from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.83.

Institutional Investors Weigh In On American Homes 4 Rent

Several large investors have recently added to or reduced their stakes in AMH. Commonwealth Equity Services LLC boosted its position in American Homes 4 Rent by 3.1% in the 4th quarter. Commonwealth Equity Services LLC now owns 10,797 shares of the real estate investment trust’s stock valued at $347,000 after buying an additional 321 shares during the period. Vanderbilt University increased its position in shares of American Homes 4 Rent by 1.5% during the first quarter. Vanderbilt University now owns 23,385 shares of the real estate investment trust’s stock worth $653,000 after acquiring an additional 346 shares during the period. OMERS ADMINISTRATION Corp raised its stake in shares of American Homes 4 Rent by 3.6% in the first quarter. OMERS ADMINISTRATION Corp now owns 12,112 shares of the real estate investment trust’s stock valued at $338,000 after acquiring an additional 424 shares in the last quarter. Assetmark Inc. raised its stake in shares of American Homes 4 Rent by 7.2% in the first quarter. Assetmark Inc. now owns 6,427 shares of the real estate investment trust’s stock valued at $179,000 after acquiring an additional 431 shares in the last quarter. Finally, IFP Advisors Inc raised its stake in shares of American Homes 4 Rent by 122.2% in the fourth quarter. IFP Advisors Inc now owns 802 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 441 shares in the last quarter. 91.87% of the stock is owned by hedge funds and other institutional investors.

About American Homes 4 Rent

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.