Key Points
- Director Jack Corrigan bought 8,000 AMH shares at an average price of $21.49, investing $171,920 and increasing his stake by 47.06% to 25,000 shares.
- American Homes 4 Rent reported quarterly revenue of $470.1 million and EPS of $0.31, exceeding analyst estimates, while revenue rose 2.8% year over year.
- The REIT declared a quarterly dividend of $0.33 per share, equating to a 4.2% yield, and analysts maintain a consensus “Moderate Buy” rating with a $36.83 target price.
American Homes 4 Rent (NYSE:AMH - Get Free Report) Director Jack Corrigan purchased 1,000 shares of the company's stock in a transaction that occurred on Thursday, September 10th. The stock was bought at an average cost of $21.60 per share, for a total transaction of $21,600.00. Following the purchase, the director directly owned 23,000 shares in the company, valued at $496,800. This represents a 4.55% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
American Homes 4 Rent Stock Performance
Shares of AMH opened at $31.63 on Tuesday. The company has a 50-day moving average of $33.57 and a two-hundred day moving average of $31.85. The stock has a market cap of $11.41 billion, a price-to-earnings ratio of 25.10, a PEG ratio of 5.62 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. American Homes 4 Rent has a one year low of $27.22 and a one year high of $35.07.
American Homes 4 Rent (NYSE:AMH - Get Free Report) last posted 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 firm had revenue of $470.10 million during the quarter, compared to analyst estimates of $466.51 million. During the same quarter last year, the business posted $0.47 EPS. The company's revenue was up 2.8% on a year-over-year basis. American Homes 4 Rent has set its FY 2026 guidance at 1.930-1.970 EPS. On average, equities research analysts expect that American Homes 4 Rent will post 1.91 earnings per share for the current year.
American Homes 4 Rent Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.33 per share. The ex-dividend date is Tuesday, September 15th. This represents a $1.32 dividend on an annualized basis and a yield of 4.2%. American Homes 4 Rent's dividend payout ratio (DPR) is presently 104.76%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanderbilt University lifted its stake in shares of American Homes 4 Rent by 1.5% in the first quarter. Vanderbilt University now owns 23,385 shares of the real estate investment trust's stock valued at $653,000 after buying an additional 346 shares during the period. OMERS ADMINISTRATION Corp increased its stake in American Homes 4 Rent by 3.6% during the first quarter. OMERS ADMINISTRATION Corp now owns 12,112 shares of the real estate investment trust's stock valued at $338,000 after acquiring an additional 424 shares during the period. Assetmark Inc. increased its stake in American Homes 4 Rent by 7.2% during the first quarter. Assetmark Inc. now owns 6,427 shares of the real estate investment trust's stock valued at $179,000 after acquiring an additional 431 shares during the period. IFP Advisors Inc raised its holdings in American Homes 4 Rent by 122.2% in the 4th quarter. IFP Advisors Inc now owns 802 shares of the real estate investment trust's stock valued at $26,000 after acquiring an additional 441 shares in the last quarter. Finally, Bessemer Group Inc. lifted its position in shares of American Homes 4 Rent by 70.3% in the 1st 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. Institutional investors own 91.87% of the company's stock.
Analyst Ratings Changes
AMH has been the topic of a number of research analyst reports. Mizuho boosted their price objective on shares of American Homes 4 Rent from $29.00 to $35.00 and gave the company a "neutral" rating in a research report on Wednesday, June 17th. BMO Capital Markets raised shares of American Homes 4 Rent from a "market perform" rating to an "outperform" rating and set a $39.00 target price for the company in a research note on Friday, June 26th. Deutsche Bank Aktiengesellschaft set a $39.00 price target on shares of American Homes 4 Rent in a report on Friday, June 26th. Morgan Stanley cut their price objective on American Homes 4 Rent from $38.50 to $38.00 and set an "overweight" rating for the company in a report on Wednesday, August 12th. Finally, JPMorgan Chase & Co. boosted their target price on American Homes 4 Rent from $35.00 to $38.00 and gave the company a "neutral" rating in a research note on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, American Homes 4 Rent has a consensus rating of "Moderate Buy" and an average price target of $36.83.
Read Our Latest Research Report on American Homes 4 Rent
American Homes 4 Rent Company Profile
(
Get Free Report)
American Homes 4 Rent (NYSE:AMH) is a real estate investment trust focused on owning, developing and operating single-family rental homes. The company leases homes to residents and manages the properties through a combination of in-house operations and technology-enabled services.
AMH's activities include acquiring and developing homes, renovating properties, providing leasing and resident services, and maintaining its rental portfolio. Its homes are generally located in planned communities and other suburban markets designed to appeal to households seeking single-family living without homeownership.
Founded in 2012, American Homes 4 Rent serves communities across several U.S.
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