American Homes 4 Rent (NYSE:AMH) Director Acquires $48,024.73 in Stock

American Homes 4 Rent (NYSE:AMH) Director Jack Corrigan bought 2,041 shares of the stock in a transaction that occurred on Monday, May 18th. The stock was bought at an average cost of $23.53 per share, for a total transaction of $48,024.73. Following the completion of the purchase, the director directly owned 17,000 shares of the company’s stock, valued at $400,010. This represents a 13.64% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

American Homes 4 Rent Price Performance

Shares of AMH stock traded up $1.22 during trading hours on Monday, hitting $31.83. 5,431,191 shares of the company’s stock were exchanged, compared to its average volume of 4,043,658. The company has a market capitalization of $11.48 billion, a PE ratio of 25.88, a PEG ratio of 4.03 and a beta of 0.82. American Homes 4 Rent has a 12-month low of $27.22 and a 12-month high of $38.85. The business’s 50 day simple moving average is $29.75 and its 200-day simple moving average is $30.84. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.67.

American Homes 4 Rent (NYSE:AMH) last issued its earnings results on Wednesday, May 6th. The real estate investment trust reported $0.48 EPS 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 company had revenue of $472.02 million for the quarter, compared to the consensus estimate of $470.62 million. During the same period in the previous year, the firm earned $0.46 earnings per share. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. American Homes 4 Rent has set its FY 2026 guidance at 1.890-1.950 EPS. On average, equities research analysts anticipate that American Homes 4 Rent will post 1.93 earnings per share for the current year.

American Homes 4 Rent Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $0.33 dividend. The ex-dividend date is Monday, June 15th. This represents a $1.32 annualized dividend and a yield of 4.1%. American Homes 4 Rent’s payout ratio is 107.32%.

Hedge Funds Weigh In On American Homes 4 Rent

Several large investors have recently modified their holdings of the stock. Commonwealth Equity Services LLC raised its position in shares of American Homes 4 Rent by 3.1% in the 4th quarter. Commonwealth Equity Services LLC now owns 10,797 shares of the real estate investment trust’s stock worth $347,000 after purchasing an additional 321 shares during the last quarter. Vanderbilt University raised its position in American Homes 4 Rent by 1.5% in the 1st quarter. Vanderbilt University now owns 23,385 shares of the real estate investment trust’s stock worth $653,000 after buying an additional 346 shares during the last quarter. AE Wealth Management LLC raised its position in American Homes 4 Rent by 7.3% in the 3rd quarter. AE Wealth Management LLC now owns 6,149 shares of the real estate investment trust’s stock worth $204,000 after buying an additional 418 shares during the last quarter. Assetmark Inc. raised its position in American Homes 4 Rent by 21.6% in the 3rd quarter. Assetmark Inc. now owns 2,360 shares of the real estate investment trust’s stock worth $78,000 after buying an additional 420 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp raised its position in American Homes 4 Rent by 3.6% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 12,112 shares of the real estate investment trust’s stock worth $338,000 after buying an additional 424 shares during the last quarter. Hedge funds and other institutional investors own 91.87% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on AMH shares. Mizuho dropped their target price on shares of American Homes 4 Rent from $32.00 to $29.00 and set a “neutral” rating on the stock in a report on Friday, March 13th. Morgan Stanley dropped their target price on shares of American Homes 4 Rent from $40.00 to $39.00 and set an “overweight” rating on the stock in a report on Monday, March 9th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of American Homes 4 Rent from $34.00 to $30.00 and set a “hold” rating on the stock in a report on Friday, March 20th. Weiss Ratings restated a “hold (c)” rating on shares of American Homes 4 Rent in a report on Wednesday, January 21st. Finally, Barclays boosted their target price on shares of American Homes 4 Rent from $31.00 to $32.00 and gave the company an “equal weight” rating in a report on Monday, April 27th. Nine research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $35.00.

About American Homes 4 Rent

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.