American Homes 4 Rent (NYSE:AMH - Get Free Report) Director Douglas N. Benham purchased 3,500 shares of the business's stock in a transaction that occurred on Wednesday, May 8th. The stock was acquired at an average price of $23.00 per share, for a total transaction of $80,500.00. Following the acquisition, the director now directly owns 37,997 shares of the company's stock, valued at approximately $873,931. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.
American Homes 4 Rent Stock Down 0.4 %
Shares of American Homes 4 Rent stock traded down $0.13 during trading on Friday, hitting $36.27. 75,160 shares of the stock traded hands, compared to its average volume of 3,241,508. The stock has a market cap of $13.28 billion, a P/E ratio of 37.13, a PEG ratio of 2.75 and a beta of 0.70. The company has a fifty day moving average price of $36.11 and a two-hundred day moving average price of $35.55. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.46 and a current ratio of 0.59. American Homes 4 Rent has a twelve month low of $31.36 and a twelve month high of $37.97.
American Homes 4 Rent (NYSE:AMH - Get Free Report) last released its quarterly earnings data on Friday, May 3rd. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.13). American Homes 4 Rent had a net margin of 22.55% and a return on equity of 5.00%. The business had revenue of $423.56 million during the quarter, compared to analyst estimates of $421.28 million. During the same period in the previous year, the firm posted $0.41 EPS. The firm's revenue for the quarter was up 6.5% on a year-over-year basis. Equities research analysts predict that American Homes 4 Rent will post 1.73 EPS for the current fiscal year.
American Homes 4 Rent Increases Dividend
Forget the “Magnificent 7” Tech Companies, Buy This AI Stock Instead
From Banyan Hill Publishing | Ad
The AI boom continues to snowball with no signs of slowing...
Google CEO, Sundar Pichai, made waves during a recent call with analysts, reminding them that the search engine company has been “AI first” since 2016.
Get the full story here.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 2.87%. The ex-dividend date of this dividend was Thursday, March 14th. This is an increase from American Homes 4 Rent's previous quarterly dividend of $0.22. American Homes 4 Rent's dividend payout ratio (DPR) is 106.12%.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on the stock. Raymond James boosted 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 research report on Thursday, March 28th. Citigroup raised shares of American Homes 4 Rent from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $37.00 to $41.00 in a report on Friday, March 22nd. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $39.00 price objective on shares of American Homes 4 Rent in a report on Monday, February 26th. Mizuho increased their target price on American Homes 4 Rent from $37.00 to $39.00 and gave the stock a "buy" rating in a research report on Wednesday, March 20th. Finally, StockNews.com downgraded shares of American Homes 4 Rent from a "hold" rating to a "sell" rating in a report on Wednesday, March 20th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $39.67.
View Our Latest Stock Report on AMH
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. VisionPoint Advisory Group LLC acquired a new position in shares of American Homes 4 Rent in the 3rd quarter valued at $26,000. Blue Trust Inc. lifted its stake in American Homes 4 Rent by 1,091.3% during the fourth quarter. Blue Trust Inc. now owns 953 shares of the real estate investment trust's stock worth $32,000 after purchasing an additional 873 shares during the period. Tobam boosted its holdings in American Homes 4 Rent by 2,192.9% during the fourth quarter. Tobam now owns 963 shares of the real estate investment trust's stock valued at $35,000 after purchasing an additional 921 shares in the last quarter. GAMMA Investing LLC acquired a new position in shares of American Homes 4 Rent in the 4th quarter worth approximately $44,000. Finally, Capital Analysts LLC lifted its position in shares of American Homes 4 Rent by 58.1% during the 4th quarter. Capital Analysts LLC now owns 1,436 shares of the real estate investment trust's stock worth $52,000 after buying an additional 528 shares during the period. 91.87% of the stock is currently owned by institutional investors and hedge funds.
American Homes 4 Rent Company Profile
(
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
