American Homes 4 Rent (NYSE:AMH) Director Jack Corrigan Buys 6,000 Shares

American Homes 4 Rent (NYSE:AMH) Director Jack Corrigan bought 6,000 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The shares were acquired at an average price of $22.42 per share, with a total value of $134,520.00. Following the purchase, the director owned 22,000 shares of the company’s stock, valued at $493,240. The trade was a 37.50% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

American Homes 4 Rent Trading Down 1.0%

Shares of American Homes 4 Rent stock opened at $34.22 on Thursday. American Homes 4 Rent has a 1 year low of $27.22 and a 1 year high of $35.85. 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 company has a market capitalization of $12.34 billion, a P/E ratio of 27.16, a PEG ratio of 6.19 and a beta of 0.79. The company’s fifty day moving average is $33.71 and its two-hundred day moving average is $31.70.

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

American Homes 4 Rent Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. BMO Capital Markets upgraded shares of American Homes 4 Rent from a “market perform” rating to an “outperform” rating and set a $39.00 price target on the stock in a research report on Friday, June 26th. Citigroup reissued a “market outperform” rating on shares of American Homes 4 Rent in a report on Wednesday, August 5th. Weiss Ratings restated a “hold (c)” rating on shares of American Homes 4 Rent in a research note on Monday, August 17th. Scotiabank upped their target price on American Homes 4 Rent from $32.00 to $33.00 and gave the company a “sector perform” rating in a report on Thursday, June 18th. Finally, Mizuho raised their price target on American Homes 4 Rent from $29.00 to $35.00 and gave the stock a “neutral” rating in a report on Wednesday, June 17th. 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’s stock. According to data from MarketBeat, American Homes 4 Rent presently has an average rating of “Moderate Buy” and a consensus target price of $36.83.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Wilmington Savings Fund Society FSB raised its stake in 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 valued at $25,000 after purchasing an additional 751 shares during the period. IFP Advisors Inc increased its position 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 during the last quarter. Parallel Advisors LLC boosted its stake in shares of American Homes 4 Rent by 84.8% during the 3rd quarter. Parallel Advisors LLC now owns 963 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 442 shares in the last quarter. Bessemer Group Inc. grew its holdings 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 valued at $33,000 after purchasing an additional 483 shares during the last quarter. Finally, Prosperity Bancshares Inc acquired a new position in American Homes 4 Rent in the 4th quarter valued at $35,000. Institutional investors own 91.87% of the company’s stock.

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.