American Homes 4 Rent (NYSE:AMH - Get Free Report) Director Jack E. Corrigan bought 10,000 shares of the stock in a transaction dated Monday, May 6th. The stock was acquired at an average price of $22.78 per share, with a total value of $227,800.00. Following the completion of the purchase, the director now owns 10,000 shares of the company's stock, valued at approximately $227,800. The acquisition was disclosed in a filing with the SEC, which is available through this link.
American Homes 4 Rent Stock Performance
AMH opened at $36.18 on Thursday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.59 and a quick ratio of 0.46. The company has a market capitalization of $13.24 billion, a price-to-earnings ratio of 36.91, a P/E/G ratio of 2.75 and a beta of 0.70. The business'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 1 year low of $31.36 and a 1 year high of $37.97.
American Homes 4 Rent (NYSE:AMH - Get Free Report) last released its earnings results on Friday, May 3rd. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.13). The firm had revenue of $423.56 million during the quarter, compared to the consensus estimate of $421.28 million. American Homes 4 Rent had a net margin of 22.55% and a return on equity of 5.00%. The company's revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.41 EPS. Equities analysts expect that American Homes 4 Rent will post 1.73 EPS for the current fiscal year.
American Homes 4 Rent Increases Dividend
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The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors 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 is a boost from American Homes 4 Rent's previous quarterly dividend of $0.22. This represents a $1.04 annualized dividend and a yield of 2.87%. American Homes 4 Rent's dividend payout ratio is 106.12%.
Analyst Ratings Changes
AMH has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft began coverage on shares of American Homes 4 Rent in a research note on Tuesday, January 30th. They set a "buy" rating and a $40.00 price target on the stock. Mizuho upped their target price on shares of American Homes 4 Rent from $37.00 to $39.00 and gave the company a "buy" rating in a research report on Wednesday, March 20th. Royal Bank of Canada reiterated an "outperform" rating and set a $39.00 price target on shares of American Homes 4 Rent in a research report on Monday, February 26th. Citigroup upgraded shares of American Homes 4 Rent from a "neutral" rating to a "buy" rating and increased their price objective for the company from $37.00 to $41.00 in a report on Friday, March 22nd. Finally, Raymond James lifted their target price on shares of American Homes 4 Rent from $40.00 to $41.00 and gave the stock an "outperform" rating in a report on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, American Homes 4 Rent has a consensus rating of "Moderate Buy" and an average price target of $39.67.
Read Our Latest Research Report on AMH
Institutional Investors Weigh In On American Homes 4 Rent
Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in American Homes 4 Rent by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 44,578,702 shares of the real estate investment trust's stock worth $1,603,050,000 after buying an additional 179,219 shares during the last quarter. Norges Bank acquired a new stake in American Homes 4 Rent in the 4th quarter valued at about $789,947,000. Principal Financial Group Inc. grew its holdings in American Homes 4 Rent by 0.4% during the fourth quarter. Principal Financial Group Inc. now owns 17,007,767 shares of the real estate investment trust's stock worth $611,599,000 after purchasing an additional 73,599 shares during the period. Cohen & Steers Inc. raised its stake in American Homes 4 Rent by 41.0% in the fourth quarter. Cohen & Steers Inc. now owns 8,862,999 shares of the real estate investment trust's stock valued at $318,755,000 after buying an additional 2,575,854 shares during the period. Finally, FMR LLC lifted its position in shares of American Homes 4 Rent by 3.7% in the third quarter. FMR LLC now owns 8,111,434 shares of the real estate investment trust's stock valued at $273,274,000 after buying an additional 287,245 shares during the last quarter. Institutional investors own 91.87% of the company's stock.
About American Homes 4 Rent
(
Get Free Report)
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.
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