Key Points
- Director Jack Corrigan purchased 5,000 shares of AMH on Dec. 9 at an average price of $22.96, spending $114,800 and increasing his stake to 17,300 shares (a 40.65% rise) valued at about $397,208.
- American Homes 4 Rent declared a quarterly dividend of $0.30 (annualized $1.20) with an ex-dividend date of Dec. 15 and a yield of 3.8%, though the dividend payout ratio stands at 101.69%.
- The REIT reported Q3 EPS of $0.47, beating estimates by $0.01 with revenue up 7.5% year-over-year, and set FY2025 guidance of 1.86–1.88 EPS versus analyst expectations near 1.85.
American Homes 4 Rent (NYSE:AMH - Get Free Report) Director Jack Corrigan acquired 5,000 shares of American Homes 4 Rent stock in a transaction that occurred on Tuesday, December 9th. The stock was acquired at an average price of $22.96 per share, with a total value of $114,800.00. Following the completion of the purchase, the director directly owned 17,300 shares in the company, valued at $397,208. This represents a 40.65% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.
American Homes 4 Rent Trading Up 1.3%
NYSE:AMH opened at $31.25 on Friday. American Homes 4 Rent has a 1 year low of $30.11 and a 1 year high of $39.49. The stock's fifty day moving average price is $32.12 and its two-hundred day moving average price is $34.24. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.41 and a quick ratio of 0.41. The company has a market cap of $11.60 billion, a P/E ratio of 26.56, a P/E/G ratio of 2.90 and a beta of 0.80.
American Homes 4 Rent (NYSE:AMH - Get Free Report) last released its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.46 by $0.01. The company had revenue of $478.46 million for the quarter, compared to analyst estimates of $475.75 million. American Homes 4 Rent had a return on equity of 5.90% and a net margin of 24.70%.The firm's revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.44 EPS. American Homes 4 Rent has set its FY 2025 guidance at 1.860-1.88 EPS. As a group, analysts expect that American Homes 4 Rent will post 1.85 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, December 31st. Stockholders of record on Monday, December 15th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Monday, December 15th. American Homes 4 Rent's dividend payout ratio (DPR) is 101.69%.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on the stock. Mizuho decreased their target price on shares of American Homes 4 Rent from $36.00 to $34.00 and set an "outperform" rating on the stock in a report on Tuesday, October 21st. Wolfe Research upgraded shares of American Homes 4 Rent from a "peer perform" rating to an "outperform" rating and set a $38.00 price target for the company in a research report on Thursday, October 2nd. Wall Street Zen downgraded American Homes 4 Rent from a "hold" rating to a "sell" rating in a research report on Saturday, November 1st. The Goldman Sachs Group lowered American Homes 4 Rent from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $43.00 to $37.00 in a research note on Wednesday, September 17th. Finally, Scotiabank decreased their target price on American Homes 4 Rent from $41.00 to $35.00 and set a "sector perform" rating on the stock in a research note on Monday, November 10th. Eight research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, American Homes 4 Rent presently has a consensus rating of "Moderate Buy" and an average price target of $38.14.
Read Our Latest Stock Analysis on AMH
Institutional Trading of American Homes 4 Rent
Hedge funds have recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB raised its position in American Homes 4 Rent by 10,728.6% during the third quarter. Wilmington Savings Fund Society FSB now owns 758 shares of the real estate investment trust's stock valued at $25,000 after purchasing an additional 751 shares in the last quarter. Hantz Financial Services Inc. increased its position in shares of American Homes 4 Rent by 922.2% during the 2nd quarter. Hantz Financial Services Inc. now owns 828 shares of the real estate investment trust's stock valued at $30,000 after purchasing an additional 747 shares during the last quarter. Parallel Advisors LLC raised its holdings in shares of American Homes 4 Rent by 84.8% during the 3rd quarter. Parallel Advisors LLC now owns 963 shares of the real estate investment trust's stock valued at $32,000 after buying an additional 442 shares in the last quarter. AlphaQuest LLC purchased a new position in shares of American Homes 4 Rent during the 2nd quarter valued at about $33,000. Finally, SVB Wealth LLC bought a new stake in American Homes 4 Rent in the 1st quarter worth approximately $42,000. 91.87% of the stock is owned by institutional investors.
American Homes 4 Rent Company Profile
(
Get Free Report)
American Homes 4 Rent operates as a real estate investment trust. It engages in the acquisition, renovation, leasing, and operating of single-family homes as rental properties. The company was founded by Bradley Wayne Hughes, Sr. on October 19, 2012 and is headquartered in Las Vegas, NV.
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