American Homes 4 Rent (NYSE:AMH) Director Buys $21,600.00 in Stock

American Homes 4 Rent (NYSE:AMH) Director Jack Corrigan purchased 1,000 shares of the stock in a transaction that occurred on Thursday, September 10th. The stock was acquired at an average cost of $21.60 per share, with a total value of $21,600.00. Following the acquisition, the director owned 23,000 shares in the company, valued at $496,800. The trade was a 4.55% 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 Trading Down 0.7%

Shares of NYSE AMH opened at $31.40 on Thursday. American Homes 4 Rent has a 1-year low of $27.22 and a 1-year high of $35.07. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.59 and a quick ratio of 0.59. The business’s 50 day moving average is $33.49 and its two-hundred day moving average is $31.87. The stock has a market capitalization of $11.32 billion, a P/E ratio of 24.92, a PEG ratio of 5.64 and a beta of 0.79.

American Homes 4 Rent (NYSE:AMH) last posted 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. The business had revenue of $470.10 million during the quarter, compared to analyst estimates of $466.51 million. American Homes 4 Rent had a return on equity of 6.25% and a net margin of 25.53%.The company’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period last year, the company earned $0.47 EPS. American Homes 4 Rent has set its FY 2026 guidance at 1.930-1.970 EPS. As a group, research analysts expect that American Homes 4 Rent will post 1.91 EPS for the current year.

American Homes 4 Rent Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Tuesday, September 15th. American Homes 4 Rent’s payout ratio is presently 104.76%.

Analyst Upgrades and Downgrades

AMH has been the topic of several recent analyst reports. BMO Capital Markets raised shares of American Homes 4 Rent from a “market perform” rating to an “outperform” rating and set a $39.00 target price on the stock in a research note on Friday, June 26th. JPMorgan Chase & Co. upped their price target on shares of American Homes 4 Rent from $35.00 to $38.00 and gave the company a “neutral” rating in a report on Wednesday, August 19th. Barclays increased their price objective on shares of American Homes 4 Rent from $32.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 14th. UBS Group raised their price objective on shares of American Homes 4 Rent from $32.00 to $35.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 8th. Finally, Jefferies Financial Group upgraded American Homes 4 Rent to a “strong-buy” rating in a report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $36.83.

Institutional Investors Weigh In On American Homes 4 Rent

Large investors have recently added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC purchased a new position in shares of American Homes 4 Rent during the second quarter worth approximately $380,000. NewEdge Advisors LLC purchased a new stake in shares of American Homes 4 Rent in the second quarter valued at approximately $339,000. IFP Advisors Inc grew its stake in American Homes 4 Rent by 233.6% in the second quarter. IFP Advisors Inc now owns 5,608 shares of the real estate investment trust’s stock worth $188,000 after purchasing an additional 3,927 shares in the last quarter. Squarepoint Ops LLC grew its stake in American Homes 4 Rent by 69.4% in the second quarter. Squarepoint Ops LLC now owns 308,015 shares of the real estate investment trust’s stock worth $10,325,000 after purchasing an additional 126,188 shares in the last quarter. Finally, Allworth Financial LP grew its stake in American Homes 4 Rent by 35.7% in the second quarter. Allworth Financial LP now owns 32,101 shares of the real estate investment trust’s stock worth $1,076,000 after purchasing an additional 8,448 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 real estate investment trust focused on owning, developing and operating single-family rental homes. The company leases homes to residents and manages the properties through a combination of in-house operations and technology-enabled services.

AMH’s activities include acquiring and developing homes, renovating properties, providing leasing and resident services, and maintaining its rental portfolio. Its homes are generally located in planned communities and other suburban markets designed to appeal to households seeking single-family living without homeownership.

Founded in 2012, American Homes 4 Rent serves communities across several U.S.