American Homes 4 Rent (NYSE:AMH) Director Jack Corrigan Buys 2,041 Shares of Stock

American Homes 4 Rent (NYSE:AMH) Director Jack Corrigan bought 2,041 shares of the stock in a transaction on Monday, May 18th. The shares were bought at an average price of $23.53 per share, for a total transaction of $48,024.73. Following the purchase, the director directly owned 17,000 shares in the company, valued at approximately $400,010. This trade represents a 13.64% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

American Homes 4 Rent Price Performance

AMH opened at $31.83 on Tuesday. The company’s 50-day simple moving average is $29.79 and its two-hundred day simple moving average is $30.84. American Homes 4 Rent has a 52-week low of $27.22 and a 52-week high of $38.85. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.57 and a current ratio of 0.57. The stock has a market capitalization of $11.48 billion, a P/E ratio of 25.88, a P/E/G ratio of 4.03 and a beta of 0.82.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $0.48 earnings per share 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 firm had revenue of $472.02 million for the quarter, compared to analysts’ expectations of $470.62 million. During the same quarter in the prior year, the business earned $0.46 EPS. The business’s quarterly revenue 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. As a group, analysts predict that American Homes 4 Rent will post 1.93 EPS for the current year.

American Homes 4 Rent Dividend Announcement

The company also recently announced 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. This represents a $1.32 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Monday, June 15th. American Homes 4 Rent’s dividend payout ratio is currently 107.32%.

Institutional Investors Weigh In On American Homes 4 Rent

A number of institutional investors have recently added to or reduced their stakes in the stock. Quantinno Capital Management LP grew its holdings in American Homes 4 Rent by 76.1% during the 1st quarter. Quantinno Capital Management LP now owns 1,358,273 shares of the real estate investment trust’s stock valued at $37,923,000 after buying an additional 587,176 shares in the last quarter. Lazard Asset Management LLC grew its holdings in American Homes 4 Rent by 113.2% during the 1st quarter. Lazard Asset Management LLC now owns 57,092 shares of the real estate investment trust’s stock valued at $1,594,000 after buying an additional 30,315 shares in the last quarter. Corsair Capital Management L.P. purchased a new position in shares of American Homes 4 Rent in the first quarter valued at $642,000. OMERS ADMINISTRATION Corp grew its holdings in shares of American Homes 4 Rent by 3.6% in the first quarter. OMERS ADMINISTRATION Corp now owns 12,112 shares of the real estate investment trust’s stock valued at $338,000 after purchasing an additional 424 shares in the last quarter. Finally, Entropy Technologies LP grew its holdings in shares of American Homes 4 Rent by 632.2% in the first quarter. Entropy Technologies LP now owns 184,003 shares of the real estate investment trust’s stock valued at $5,137,000 after purchasing an additional 158,872 shares in the last quarter. 91.87% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AMH has been the subject of several analyst reports. Citigroup reduced their target price on shares of American Homes 4 Rent from $34.50 to $33.50 and set a “neutral” rating for the company in a report on Monday, March 2nd. Citizens Jmp reduced their target price on shares of American Homes 4 Rent from $41.00 to $37.00 and set a “market outperform” rating for the company in a report on Monday, February 23rd. Compass Point began coverage on shares of American Homes 4 Rent in a report on Tuesday, April 28th. They issued a “buy” rating and a $37.50 target price for the company. Mizuho cut their price objective on shares of American Homes 4 Rent from $32.00 to $29.00 and set a “neutral” rating for the company in a report on Friday, March 13th. Finally, Raymond James Financial raised shares of American Homes 4 Rent from a “market perform” rating to an “outperform” rating and set a $35.00 price objective for the company in a report on Monday. Nine analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, American Homes 4 Rent presently has a consensus rating of “Hold” and an average price target 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.