Key Points
- Director insider buying: Jack Corrigan purchased 6,000 American Homes 4 Rent shares for $134,520, increasing his holdings by 37.5% to 22,000 shares.
- Quarterly performance exceeded expectations: AMH reported $0.31 in quarterly EPS versus the $0.18 consensus estimate, while revenue rose 2.8% year over year to $470.1 million.
- Analyst sentiment remains positive: The stock carries a “Moderate Buy” consensus rating with a $36.83 average price target; AMH also announced a quarterly dividend of $0.33 per share, yielding approximately 3.9%.
American Homes 4 Rent (NYSE:AMH - Get Free Report) Director Jack Corrigan bought 6,000 shares of the firm's stock in a transaction that occurred on Monday, August 24th. The shares were purchased at an average cost of $22.42 per share, for a total transaction of $134,520.00. Following the completion of the transaction, the director owned 22,000 shares of the company's stock, valued at $493,240. This represents a 37.50% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
American Homes 4 Rent Stock Down 1.0%
Shares of AMH stock opened at $34.22 on Thursday. The stock has a market cap of $12.34 billion, a P/E ratio of 27.16, a price-to-earnings-growth ratio of 6.19 and a beta of 0.79. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.59 and a quick ratio of 0.59. The stock has a fifty day moving average price of $33.71 and a 200 day moving average price of $31.70. American Homes 4 Rent has a one year low of $27.22 and a one year high of $35.85.
American Homes 4 Rent (NYSE:AMH - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.31 EPS for the quarter, topping analysts' consensus estimates of $0.18 by $0.13. American Homes 4 Rent had a net margin of 25.53% and a return on equity of 6.25%. The company had revenue of $470.10 million during the quarter, compared to the consensus estimate of $466.51 million. During the same period last year, the firm earned $0.47 EPS. The firm's revenue for the quarter was up 2.8% compared to the same quarter last year. American Homes 4 Rent has set its FY 2026 guidance at 1.930-1.970 EPS. Analysts predict that American Homes 4 Rent will post 1.9 earnings per share for the current year.
American Homes 4 Rent Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 3.9%. The ex-dividend date is Tuesday, September 15th. American Homes 4 Rent's dividend payout ratio is currently 104.76%.
Analyst Upgrades and Downgrades
Several brokerages have issued reports on AMH. Weiss Ratings reiterated a "hold (c)" rating on shares of American Homes 4 Rent in a research report on Monday, August 17th. JPMorgan Chase & Co. raised their price target on American Homes 4 Rent from $35.00 to $38.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 19th. BMO Capital Markets raised American Homes 4 Rent from a "market perform" rating to an "outperform" rating and set a $39.00 price objective on the stock in a research note on Friday, June 26th. Royal Bank Of Canada raised their target price on shares of American Homes 4 Rent from $36.00 to $37.00 and gave the stock an "outperform" rating in a report on Monday, August 3rd. Finally, Jefferies Financial Group upgraded American Homes 4 Rent to a "strong-buy" rating in a report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, American Homes 4 Rent presently has a consensus rating of "Moderate Buy" and a consensus price target of $36.83.
Read Our Latest Report on American Homes 4 Rent
Institutional Trading of American Homes 4 Rent
Institutional investors and hedge funds have recently bought and sold shares of the business. California State Teachers Retirement System boosted its position in American Homes 4 Rent by 3,074.1% during the second quarter. California State Teachers Retirement System now owns 12,414,166 shares of the real estate investment trust's stock worth $416,123,000 after purchasing an additional 12,023,062 shares during the period. Readystate Asset Management LP acquired a new stake in shares of American Homes 4 Rent during the 2nd quarter worth about $1,936,000. HB Wealth Management LLC boosted its holdings in shares of American Homes 4 Rent by 102.5% during the 2nd quarter. HB Wealth Management LLC now owns 19,885 shares of the real estate investment trust's stock worth $667,000 after buying an additional 10,063 shares during the period. AlphaGrep UK Ltd boosted its holdings in shares of American Homes 4 Rent by 43.2% during the 2nd quarter. AlphaGrep UK Ltd now owns 18,757 shares of the real estate investment trust's stock worth $629,000 after buying an additional 5,654 shares during the period. Finally, Syon Capital LLC grew its stake in American Homes 4 Rent by 103.6% in the 2nd quarter. Syon Capital LLC now owns 17,630 shares of the real estate investment trust's stock valued at $591,000 after buying an additional 8,969 shares during the last quarter. Institutional investors own 91.87% of the company's stock.
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.
Featured Stories
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. Please send any questions or comments about this story to [email protected].
