Jack E. Corrigan Buys 4,000 Shares of American Homes 4 Rent (NYSE:AMH) Stock

American Homes 4 Rent (NYSE:AMH - Get Free Report) Director Jack E. Corrigan bought 4,000 shares of American Homes 4 Rent stock in a transaction that occurred on Thursday, June 12th. The stock was bought at an average price of $22.93 per share, with a total value of $91,720.00. Following the purchase, the director now owns 15,000 shares of the company's stock, valued at $343,950. This trade represents a 36.36% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.

American Homes 4 Rent Trading Down 1.0%

Shares of NYSE:AMH traded down $0.36 during midday trading on Monday, hitting $36.04. The company had a trading volume of 2,292,765 shares, compared to its average volume of 2,204,827. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 0.64. American Homes 4 Rent has a 12 month low of $31.68 and a 12 month high of $41.41. The stock has a market cap of $13.34 billion, a price-to-earnings ratio of 33.37, a PEG ratio of 3.56 and a beta of 0.76. The firm has a fifty day simple moving average of $37.18 and a 200 day simple moving average of $36.49.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.01. The company had revenue of $459.28 million during the quarter, compared to analyst estimates of $449.00 million. American Homes 4 Rent had a net margin of 23.86% and a return on equity of 5.33%. The firm's revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.43 EPS. On average, analysts predict that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.20 annualized dividend and a yield of 3.33%. American Homes 4 Rent's dividend payout ratio (DPR) is currently 111.11%.

Analyst Upgrades and Downgrades

AMH has been the topic of several analyst reports. Mizuho lowered their price target on shares of 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. Royal Bank of Canada upped their target price 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. Evercore ISI raised their price target on shares of American Homes 4 Rent from $40.00 to $41.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Wall Street Zen upgraded American Homes 4 Rent from a "sell" rating to a "hold" rating in a research note on Tuesday, May 6th. Finally, Scotiabank increased their target price on American Homes 4 Rent from $38.00 to $41.00 and gave the stock a "sector perform" rating in a report on Monday, May 12th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $40.90.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Strs Ohio acquired a new position in American Homes 4 Rent in the 1st quarter worth $9,412,000. Focus Partners Wealth lifted its holdings in shares of American Homes 4 Rent by 2.6% in the first quarter. Focus Partners Wealth now owns 689,485 shares of the real estate investment trust's stock valued at $26,069,000 after purchasing an additional 17,737 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of American Homes 4 Rent by 21.8% during the first quarter. Goldman Sachs Group Inc. now owns 3,883,018 shares of the real estate investment trust's stock worth $146,817,000 after buying an additional 695,500 shares in the last quarter. Adelante Capital Management LLC grew its holdings in shares of American Homes 4 Rent by 9.0% during the first quarter. Adelante Capital Management LLC now owns 913,578 shares of the real estate investment trust's stock worth $34,542,000 after buying an additional 75,775 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its position in American Homes 4 Rent by 1,103.6% in the 1st quarter. Jones Financial Companies Lllp now owns 13,047 shares of the real estate investment trust's stock valued at $493,000 after buying an additional 11,963 shares during the last quarter. 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.

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