American Homes 4 Rent (NYSE:AMH) Director Jack Corrigan Acquires 8,000 Shares of Stock

American Homes 4 Rent (NYSE:AMH) Director Jack Corrigan bought 8,000 shares of the stock in a transaction that occurred on Friday, September 11th. The stock was purchased at an average price of $21.49 per share, for a total transaction of $171,920.00. Following the completion of the purchase, the director directly owned 25,000 shares in the company, valued at $537,250. The trade was a 47.06% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

American Homes 4 Rent Stock Performance

AMH traded up $0.15 during trading on Monday, hitting $31.63. The stock had a trading volume of 2,189,574 shares, compared to its average volume of 3,235,597. The firm has a market cap of $11.41 billion, a PE ratio of 25.10, a P/E/G ratio of 5.62 and a beta of 0.79. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.69. American Homes 4 Rent has a 12 month low of $27.22 and a 12 month high of $35.07. The company has a 50 day simple moving average of $33.62 and a 200-day simple moving average of $31.84.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.13. The company had revenue of $470.10 million during the quarter, compared to analysts’ expectations of $466.51 million. American Homes 4 Rent had a net margin of 25.53% and a return on equity of 6.25%. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.47 earnings per share. American Homes 4 Rent has set its FY 2026 guidance at 1.930-1.970 EPS. Analysts expect that American Homes 4 Rent will post 1.91 EPS for the current year.

American Homes 4 Rent Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. 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 report on Monday, August 10th. Raymond James Financial upgraded shares of American Homes 4 Rent from a “market perform” rating to an “outperform” rating and set a $35.00 price objective on the stock in a research note on Monday, May 18th. 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 report on Friday, June 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of American Homes 4 Rent in a research note on Monday, August 17th. Finally, JPMorgan Chase & Co. increased 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. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $36.83.

Institutional Trading of American Homes 4 Rent

Institutional investors have recently modified their holdings of the company. Bank of America Corp DE raised its position in American Homes 4 Rent by 69.0% in the first quarter. Bank of America Corp DE now owns 1,609,254 shares of the real estate investment trust’s stock worth $44,930,000 after purchasing an additional 656,937 shares in the last quarter. Louisiana State Employees Retirement System acquired a new stake in American Homes 4 Rent during the first quarter valued at approximately $2,638,000. Lasalle Investment Management Securities LLC boosted its holdings in American Homes 4 Rent by 5.8% during the fourth quarter. Lasalle Investment Management Securities LLC now owns 3,056,123 shares of the real estate investment trust’s stock valued at $98,102,000 after purchasing an additional 167,314 shares in the last quarter. Norges Bank bought a new stake in shares of American Homes 4 Rent in the 4th quarter valued at approximately $710,672,000. Finally, Algebris UK Ltd. bought a new stake in shares of American Homes 4 Rent in the 4th quarter valued at approximately $34,166,000. Institutional investors and hedge funds own 91.87% of the company’s stock.

American Homes 4 Rent Company Profile

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.