American Homes 4 Rent (NYSE:AMH) Director Acquires $114,800.00 in Stock

American Homes 4 Rent (NYSE:AMH) Director Jack Corrigan bought 5,000 shares of American Homes 4 Rent stock in a transaction that occurred on Tuesday, December 9th. The stock was purchased at an average cost of $22.96 per share, with a total value of $114,800.00. Following the completion of the transaction, the director owned 17,300 shares of the company’s stock, valued at $397,208. This trade represents a 40.65% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

American Homes 4 Rent Price Performance

Shares of NYSE:AMH traded up $0.37 during midday trading on Thursday, reaching $31.21. 4,856,343 shares of the company’s stock were exchanged, compared to its average volume of 2,419,047. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.41 and a current ratio of 0.41. The company’s 50 day simple moving average is $32.15 and its two-hundred day simple moving average is $34.26. American Homes 4 Rent has a 12 month low of $30.11 and a 12 month high of $39.49. The firm has a market capitalization of $11.58 billion, a PE ratio of 26.45, a price-to-earnings-growth ratio of 2.83 and a beta of 0.80.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.01. The firm had revenue of $478.46 million during the quarter, compared to analyst estimates of $475.75 million. American Homes 4 Rent had a net margin of 24.70% and a return on equity of 5.90%. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.44 earnings per share. American Homes 4 Rent has set its FY 2025 guidance at 1.860-1.88 EPS. Equities research analysts expect that American Homes 4 Rent will post 1.85 earnings per share for the current fiscal year.

American Homes 4 Rent Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Monday, December 15th. American Homes 4 Rent’s payout ratio is currently 101.69%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Sequoia Financial Advisors LLC bought a new stake in American Homes 4 Rent during the 2nd quarter worth about $311,000. Cbre Investment Management Listed Real Assets LLC grew its position in shares of American Homes 4 Rent by 206.4% during the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,220,109 shares of the real estate investment trust’s stock worth $46,132,000 after buying an additional 821,874 shares during the period. Gotham Asset Management LLC grew its position in shares of American Homes 4 Rent by 16.7% during the 1st quarter. Gotham Asset Management LLC now owns 616,790 shares of the real estate investment trust’s stock worth $23,321,000 after buying an additional 88,358 shares during the period. Metis Global Partners LLC raised its stake in shares of American Homes 4 Rent by 23.0% during the second quarter. Metis Global Partners LLC now owns 56,659 shares of the real estate investment trust’s stock worth $2,044,000 after buying an additional 10,606 shares during the last quarter. Finally, Aptus Capital Advisors LLC lifted its holdings in American Homes 4 Rent by 12.1% in the first quarter. Aptus Capital Advisors LLC now owns 138,857 shares of the real estate investment trust’s stock valued at $5,250,000 after buying an additional 15,011 shares during the period. Institutional investors and hedge funds own 91.87% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Keefe, Bruyette & Woods reduced their price target on shares of American Homes 4 Rent from $40.00 to $37.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 5th. Evercore ISI cut their target price on shares of American Homes 4 Rent from $40.00 to $39.00 and set an “outperform” rating for the company in a research note on Friday, October 31st. The Goldman Sachs Group lowered American Homes 4 Rent from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $43.00 to $37.00 in a research report on Wednesday, September 17th. Barclays reduced their price objective on American Homes 4 Rent from $39.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 25th. 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 report on Monday, November 10th. Eight analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, American Homes 4 Rent presently has a consensus rating of “Moderate Buy” and an average target price of $38.14.

About American Homes 4 Rent

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.