Key Points
- Director buying: American Homes 4 Rent director Jack Corrigan bought 1,594 shares for about $37,060.50 at an average price of $23.25 per share, increasing his stake by 8.66% to 20,000 shares.
- Strong earnings beat: The REIT reported $0.48 EPS for the quarter, well above the $0.18 consensus estimate, while revenue of $472.02 million also slightly topped expectations.
- Dividend and outlook: AMH announced a quarterly dividend of $0.33 per share payable June 30, implying a 4.2% yield. Analysts currently have a consensus Hold rating with an average price target of $35.00.
American Homes 4 Rent (NYSE:AMH - Get Free Report) Director Jack Corrigan acquired 1,594 shares of American Homes 4 Rent stock in a transaction that occurred on Wednesday, May 13th. The shares were purchased at an average cost of $23.25 per share, for a total transaction of $37,060.50. Following the purchase, the director directly owned 20,000 shares in the company, valued at $465,000. The trade was a 8.66% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
American Homes 4 Rent Stock Down 0.3%
American Homes 4 Rent stock opened at $31.35 on Friday. The company's 50 day simple moving average is $29.74 and its 200 day simple moving average is $30.86. American Homes 4 Rent has a fifty-two week low of $27.22 and a fifty-two week high of $38.85. The firm has a market capitalization of $11.40 billion, a price-to-earnings ratio of 25.49, a PEG ratio of 4.15 and a beta of 0.82. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.57 and a quick ratio of 0.57.
American Homes 4 Rent (NYSE:AMH - Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.30. American Homes 4 Rent had a net margin of 25.27% and a return on equity of 6.08%. The business had revenue of $472.02 million for the quarter, compared to analyst estimates of $470.62 million. During the same quarter last year, the firm earned $0.46 EPS. American Homes 4 Rent's quarterly revenue was up 2.8% compared to the same quarter last year. American Homes 4 Rent has set its FY 2026 guidance at 1.890-1.950 EPS. As a group, sell-side analysts anticipate that American Homes 4 Rent will post 1.92 EPS for the current year.
American Homes 4 Rent Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.32 annualized dividend and a yield of 4.2%. American Homes 4 Rent's dividend payout ratio (DPR) is presently 107.32%.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of AMH. Entropy Technologies LP raised its holdings in shares of American Homes 4 Rent by 632.2% in the first quarter. Entropy Technologies LP now owns 184,003 shares of the real estate investment trust's stock valued at $5,137,000 after purchasing an additional 158,872 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of American Homes 4 Rent in the first quarter valued at approximately $11,672,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of American Homes 4 Rent by 83.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,544,892 shares of the real estate investment trust's stock valued at $98,973,000 after purchasing an additional 1,608,934 shares during the last quarter. Caxton Associates LLP acquired a new stake in shares of American Homes 4 Rent in the first quarter valued at approximately $752,000. Finally, Inceptionr LLC acquired a new stake in shares of American Homes 4 Rent in the first quarter valued at approximately $802,000. Institutional investors own 91.87% of the company's stock.
Analyst Upgrades and Downgrades
AMH has been the topic of a number of research reports. Scotiabank cut their price target on shares of American Homes 4 Rent from $33.00 to $31.00 and set a "sector perform" rating on the stock in a research note on Wednesday, March 4th. Royal Bank Of Canada lifted their price target on shares of American Homes 4 Rent from $34.00 to $35.00 and gave the company an "outperform" rating in a research note on Friday, May 8th. Citigroup cut their price target on shares of American Homes 4 Rent from $34.50 to $33.50 and set a "neutral" rating on the stock in a research note on Monday, March 2nd. Barclays lifted their price target on shares of American Homes 4 Rent from $31.00 to $32.00 and gave the company an "equal weight" rating in a research note on Monday, April 27th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of American Homes 4 Rent from $35.00 to $36.00 and gave the company an "outperform" rating in a research note on Tuesday. Eight investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $35.00.
Get Our Latest Stock Report on American Homes 4 Rent
American Homes 4 Rent Company Profile
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Get Free Report)
American Homes 4 Rent (NYSE: AMH) is a publicly traded real estate investment trust (REIT) specializing in the acquisition, development and management of single-family rental homes. Since its initial public offering in April 2013, the company has focused on building a large-scale, professionally managed portfolio of homes designed to meet the needs of today's renters. Its business model emphasizes the acquisition of well-located properties coupled with consistent, in-house property management to drive occupancy and long-term value.
As of the most recent reporting, American Homes 4 Rent owns and operates tens of thousands of homes across the United States, with concentration in key Sun Belt and high-growth markets.
Further Reading
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