Insider Buying: American Homes 4 Rent (NYSE:AMH) Director Buys $134,520.00 in Stock

Key Points

• Director insider buying: Jack Corrigan purchased 6,000 American Homes 4 Rent shares for $134,520, increasing his direct stake by 37.5% to 22,000 shares.
• Financial performance: The REIT exceeded quarterly earnings expectations with $0.31 EPS versus a $0.18 consensus estimate, while revenue rose 2.8% year over year to $470.1 million.
• Investor outlook: American Homes 4 Rent announced a $0.33 quarterly dividend, yielding about 3.9%, and analysts maintain a “Moderate Buy” consensus with an average price target of $36.83.

American Homes 4 Rent (NYSE:AMH - Get Free Report) Director Jack Corrigan acquired 6,000 shares of the stock in a transaction on Monday, August 24th. The shares were acquired 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 directly owned 22,000 shares in the company, valued at $493,240. The trade was a 37.50% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

American Homes 4 Rent Stock Performance

NYSE AMH traded down $0.34 during trading on Wednesday, reaching $34.22. The company's stock had a trading volume of 1,711,571 shares, compared to its average volume of 3,320,935. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.59 and a current ratio of 0.59. The firm has a market cap of $12.34 billion, a price-to-earnings ratio of 27.16, a P/E/G ratio of 6.24 and a beta of 0.79. American Homes 4 Rent has a twelve month low of $27.22 and a twelve month high of $35.85. The business's fifty day moving average price is $33.66 and its 200-day moving average price is $31.68.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last announced its earnings results on Thursday, July 30th. The real estate investment trust reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.13. The business had revenue of $470.10 million during the quarter, compared to the consensus estimate of $466.51 million. American Homes 4 Rent had a net margin of 25.53% and a return on equity of 6.25%. The business's quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.47 earnings per share. American Homes 4 Rent has set its FY 2026 guidance at 1.930-1.970 EPS. As a group, analysts anticipate that American Homes 4 Rent will post 1.9 EPS for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Tuesday, September 15th. American Homes 4 Rent's dividend payout ratio (DPR) is 104.76%.

Institutional Investors Weigh In On American Homes 4 Rent

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Wilmington Savings Fund Society FSB grew its stake in shares of American Homes 4 Rent by 10,728.6% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 758 shares of the real estate investment trust's stock worth $25,000 after purchasing an additional 751 shares during the period. IFP Advisors Inc boosted its holdings in 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 buying an additional 441 shares in the last quarter. Parallel Advisors LLC boosted its holdings in 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 buying an additional 442 shares in the last quarter. Prosperity Bancshares Inc acquired a new position in American Homes 4 Rent during the fourth quarter worth about $35,000. Finally, Bessemer Group Inc. grew its position in 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 buying an additional 483 shares during the period. Institutional investors and hedge funds own 91.87% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Wells Fargo & Company increased their price target on American Homes 4 Rent from $36.00 to $38.00 and gave the stock an "overweight" rating in a report on Monday, August 10th. Citigroup restated a "market outperform" rating on shares of American Homes 4 Rent in a research report on Wednesday, August 5th. Mizuho raised their target price on shares of American Homes 4 Rent from $29.00 to $35.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 17th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of American Homes 4 Rent in a report on Monday, August 17th. Finally, Scotiabank boosted their price target on shares of American Homes 4 Rent from $32.00 to $33.00 and gave the stock a "sector perform" rating in a research note on Thursday, June 18th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $36.83.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source