Bryan Smith Sells 28,407 Shares of American Homes 4 Rent (NYSE:AMH) Stock

American Homes 4 Rent (NYSE:AMH) COO Bryan Smith sold 28,407 shares of American Homes 4 Rent stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $36.11, for a total transaction of $1,025,776.77. Following the transaction, the chief operating officer now directly owns 94,478 shares in the company, valued at $3,411,600.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Bryan Smith also recently made the following trade(s):

• On Wednesday, August 30th, Bryan Smith sold 13,486 shares of American Homes 4 Rent stock. The stock was sold at an average price of $36.25, for a total transaction of $488,867.50.
• On Thursday, June 8th, Bryan Smith sold 25,000 shares of American Homes 4 Rent stock. The stock was sold at an average price of $35.25, for a total transaction of $881,250.00.
• On Tuesday, June 6th, Bryan Smith sold 25,000 shares of American Homes 4 Rent stock. The shares were sold at an average price of $35.00, for a total transaction of $875,000.00.

American Homes 4 Rent Trading Down 0.2 %

NYSE AMH opened at $35.98 on Friday. The stock has a market capitalization of $13.02 billion, a PE ratio of 36.70, a price-to-earnings-growth ratio of 3.41 and a beta of 0.68. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.58. American Homes 4 Rent has a 52 week low of $28.78 and a 52 week high of $37.97. The firm has a 50 day moving average of $36.01 and a two-hundred day moving average of $33.93.

American Homes 4 Rent Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.88 annualized dividend and a dividend yield of 2.45%. American Homes 4 Rent’s dividend payout ratio is presently 89.80%.

Institutional Trading of American Homes 4 Rent

Several institutional investors have recently modified their holdings of the stock. Commonwealth Equity Services LLC lifted its position in shares of American Homes 4 Rent by 4.0% during the 2nd quarter. Commonwealth Equity Services LLC now owns 7,685 shares of the real estate investment trust’s stock worth $272,000 after buying an additional 293 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its position in American Homes 4 Rent by 0.3% in the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 93,983 shares of the real estate investment trust’s stock valued at $2,956,000 after purchasing an additional 300 shares during the last quarter. Intech Investment Management LLC raised its position in American Homes 4 Rent by 1.7% in the 4th quarter. Intech Investment Management LLC now owns 18,417 shares of the real estate investment trust’s stock valued at $555,000 after purchasing an additional 304 shares during the last quarter. Prudential PLC raised its position in American Homes 4 Rent by 1.5% in the 1st quarter. Prudential PLC now owns 20,896 shares of the real estate investment trust’s stock valued at $657,000 after purchasing an additional 306 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in American Homes 4 Rent by 1.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 19,915 shares of the real estate investment trust’s stock valued at $706,000 after purchasing an additional 320 shares during the last quarter. Hedge funds and other institutional investors own 83.97% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. B. Riley boosted their price target on shares of American Homes 4 Rent from $36.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, August 2nd. Royal Bank of Canada boosted their price target on shares of American Homes 4 Rent from $38.00 to $39.00 and gave the company an “outperform” rating in a research note on Monday, July 31st. Raymond James boosted their price target on shares of American Homes 4 Rent from $36.00 to $40.00 and gave the company an “outperform” rating in a research note on Monday, August 28th. Morgan Stanley lifted their price objective on shares of American Homes 4 Rent from $34.50 to $37.00 and gave the company an “equal weight” rating in a report on Friday. Finally, Mizuho lifted their price objective on shares of American Homes 4 Rent from $33.00 to $37.00 in a report on Friday, May 19th. Nine analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $37.19.

About American Homes 4 Rent

American Homes 4 Rent (NYSE: AMH), which does business as AMH, is a leading owner, operator and developer of single-family rental homes. We're an internally managed Maryland real estate investment trust (REIT) focused on acquiring, developing, renovating, leasing and managing homes as rental properties.