Key Points
- Director Jack Corrigan bought 1,359 shares of American Homes 4 Rent at $23.40 each, lifting his stake by 9.93% to 15,048 shares.
- The company reported strong quarterly earnings, posting EPS of $0.48 versus the $0.18 consensus and revenue of $472.02 million, slightly above expectations.
- American Homes 4 Rent also declared a quarterly dividend of $0.33 per share, or $1.32 annualized, for a 4.1% yield, though the payout ratio is elevated at 107.32%.
American Homes 4 Rent (NYSE:AMH - Get Free Report) Director Jack Corrigan acquired 1,359 shares of the firm's stock in a transaction that occurred on Friday, May 15th. The stock was acquired at an average price of $23.40 per share, for a total transaction of $31,800.60. Following the completion of the acquisition, the director directly owned 15,048 shares of the company's stock, valued at $352,123.20. The trade was a 9.93% increase in their position. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.
American Homes 4 Rent Trading Up 4.0%
AMH opened at $31.83 on Tuesday. American Homes 4 Rent has a one year low of $27.22 and a one year high of $38.85. The stock has a market capitalization of $11.48 billion, a PE ratio of 25.88, a P/E/G ratio of 4.03 and a beta of 0.82. The business's 50 day moving average price is $29.79 and its 200 day moving average price is $30.84. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.57 and a current 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 EPS for the quarter, beating analysts' consensus estimates of $0.18 by $0.30. The firm had revenue of $472.02 million for the quarter, compared to analysts' expectations of $470.62 million. American Homes 4 Rent had a return on equity of 6.08% and a net margin of 25.27%.The firm's quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.46 earnings per share. American Homes 4 Rent has set its FY 2026 guidance at 1.890-1.950 EPS. As a group, equities research analysts expect that American Homes 4 Rent will post 1.93 EPS for the current year.
American Homes 4 Rent Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Monday, June 15th. American Homes 4 Rent's dividend payout ratio is 107.32%.
Institutional Trading of American Homes 4 Rent
Large investors have recently modified their holdings of the stock. Wilmington Savings Fund Society FSB increased its position in shares of 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 worth $25,000 after acquiring an additional 751 shares during the period. IFP Advisors Inc increased its position in shares of American Homes 4 Rent by 122.2% during the fourth quarter. IFP Advisors Inc now owns 802 shares of the real estate investment trust's stock worth $26,000 after acquiring an additional 441 shares during the period. True Wealth Design LLC increased its position in shares of American Homes 4 Rent by 230.8% during the fourth quarter. True Wealth Design LLC now owns 827 shares of the real estate investment trust's stock worth $27,000 after acquiring an additional 577 shares during the period. Parallel Advisors LLC increased its position in shares of American Homes 4 Rent by 84.8% during the third quarter. Parallel Advisors LLC now owns 963 shares of the real estate investment trust's stock worth $32,000 after acquiring an additional 442 shares during the period. Finally, Bessemer Group Inc. increased its position in shares of American Homes 4 Rent by 70.3% during the first quarter. Bessemer Group Inc. now owns 1,170 shares of the real estate investment trust's stock worth $33,000 after acquiring an additional 483 shares during the period. Hedge funds and other institutional investors own 91.87% of the company's stock.
Analyst Ratings Changes
A number of research analysts have commented on the company. Citizens Jmp decreased their price target on American Homes 4 Rent from $41.00 to $37.00 and set a "market outperform" rating on the stock in a research note on Monday, February 23rd. Citigroup decreased their price target on 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. Morgan Stanley decreased their price target on American Homes 4 Rent from $40.00 to $39.00 and set an "overweight" rating on the stock in a research note on Monday, March 9th. Raymond James Financial upgraded American Homes 4 Rent from a "market perform" rating to an "outperform" rating and set a $35.00 price target on the stock in a research note on Monday. Finally, Royal Bank Of Canada upped their price target on American Homes 4 Rent from $34.00 to $35.00 and gave the stock an "outperform" rating in a research note on Friday, May 8th. Nine research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $35.00.
Read Our Latest Analysis on AMH
American Homes 4 Rent Company Profile
(
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.
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