American Homes 4 Rent (NYSE:AMH) Director Buys $91,720.00 in Stock

American Homes 4 Rent (NYSE:AMH - Get Free Report) Director Jack E. Corrigan acquired 4,000 shares of American Homes 4 Rent stock in a transaction on Thursday, June 12th. The shares were bought at an average cost of $22.93 per share, with a total value of $91,720.00. Following the completion of the purchase, the director now owns 15,000 shares in the company, valued at $343,950. The trade was a 36.36% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link.

American Homes 4 Rent Price Performance

NYSE:AMH traded up $0.07 during mid-day trading on Thursday, hitting $36.52. 1,582,772 shares of the company's stock traded hands, compared to its average volume of 2,203,528. American Homes 4 Rent has a 1 year low of $31.68 and a 1 year high of $41.41. The company has a market cap of $13.52 billion, a PE ratio of 33.81, a price-to-earnings-growth ratio of 3.80 and a beta of 0.76. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.52 and a current ratio of 0.52. The firm's 50 day simple moving average is $37.29 and its 200 day simple moving average is $36.47.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.46 EPS for the quarter, beating analysts' consensus estimates of $0.45 by $0.01. The business had revenue of $459.28 million for the quarter, compared to analyst estimates of $449.00 million. American Homes 4 Rent had a return on equity of 5.45% and a net margin of 23.41%. The business's revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.43 earnings per share. Sell-side analysts expect that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a $0.30 dividend. The ex-dividend date is Friday, June 13th. This represents a $1.20 annualized dividend and a yield of 3.29%. American Homes 4 Rent's payout ratio is currently 111.11%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on AMH. Royal Bank Of Canada boosted their price objective on shares of American Homes 4 Rent from $39.00 to $41.00 and gave the company an "outperform" rating in a research note on Monday, May 5th. Citigroup cut shares of American Homes 4 Rent from a "buy" rating to a "neutral" rating and set a $41.00 price target for the company. in a report on Friday, June 6th. Mizuho lowered their price objective on American Homes 4 Rent from $41.00 to $37.00 and set an "outperform" rating on the stock in a report on Thursday, March 13th. Evercore ISI boosted their target price on American Homes 4 Rent from $40.00 to $41.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Finally, Keefe, Bruyette & Woods raised their price target on American Homes 4 Rent from $38.00 to $40.00 and gave the company a "market perform" rating in a report on Tuesday, May 6th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, American Homes 4 Rent has an average rating of "Moderate Buy" and an average price target of $40.90.

Institutional Investors Weigh In On American Homes 4 Rent

A number of hedge funds and other institutional investors have recently made changes to their positions in AMH. Alyeska Investment Group L.P. raised its stake in American Homes 4 Rent by 185.2% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,989,260 shares of the real estate investment trust's stock worth $74,438,000 after purchasing an additional 1,291,865 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of American Homes 4 Rent by 4.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 196,084 shares of the real estate investment trust's stock worth $7,337,000 after buying an additional 8,370 shares during the period. Clearbridge Investments LLC grew its position in American Homes 4 Rent by 26.3% during the fourth quarter. Clearbridge Investments LLC now owns 2,821,944 shares of the real estate investment trust's stock valued at $105,597,000 after acquiring an additional 588,302 shares during the period. PGGM Investments grew its position in American Homes 4 Rent by 7.3% during the fourth quarter. PGGM Investments now owns 1,062,538 shares of the real estate investment trust's stock valued at $39,760,000 after acquiring an additional 71,890 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in American Homes 4 Rent by 2.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,334,035 shares of the real estate investment trust's stock worth $162,180,000 after acquiring an additional 110,022 shares during the last quarter. Hedge funds and other institutional investors own 91.87% of the company's stock.

American Homes 4 Rent Company Profile

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.