Insider Buying: American Homes 4 Rent (NYSE:AMH) Director Acquires 8,000 Shares of Stock

American Homes 4 Rent (NYSE:AMH) Director Jack Corrigan purchased 8,000 shares of American Homes 4 Rent stock in a transaction dated Friday, September 11th. The stock was bought at an average cost of $21.49 per share, with a total value of $171,920.00. Following the completion of the transaction, the director directly owned 25,000 shares of the company’s stock, valued at $537,250. This represents a 47.06% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

American Homes 4 Rent Stock Up 0.5%

AMH traded up $0.15 on Monday, reaching $31.63. 2,189,574 shares of the company traded hands, compared to its average volume of 3,235,597. The stock’s 50 day moving average price is $33.62 and its 200-day moving average price is $31.84. American Homes 4 Rent has a 52-week low of $27.22 and a 52-week high of $35.07. The company has a market cap of $11.41 billion, a price-to-earnings ratio of 25.10, a PEG ratio of 5.62 and a beta of 0.79. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.59 and a quick ratio of 0.59.

American Homes 4 Rent (NYSE:AMH) last released its earnings results on Thursday, July 30th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.13. The company had revenue of $470.10 million during the quarter, compared to the consensus estimate of $466.51 million. American Homes 4 Rent had a net margin of 25.53% and a return on equity of 6.25%. The company’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.47 EPS. American Homes 4 Rent has set its FY 2026 guidance at 1.930-1.970 EPS. On average, sell-side analysts expect that American Homes 4 Rent will post 1.91 EPS for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Tuesday, September 15th. American Homes 4 Rent’s dividend payout ratio (DPR) is currently 104.76%.

Institutional Trading of American Homes 4 Rent

Institutional investors and hedge funds have recently made changes to their positions in the stock. Norges Bank bought a new position in shares of American Homes 4 Rent in the 4th quarter valued at approximately $710,672,000. Principal Financial Group Inc. boosted its position in American Homes 4 Rent by 19.8% during the first quarter. Principal Financial Group Inc. now owns 18,937,398 shares of the real estate investment trust’s stock worth $528,736,000 after purchasing an additional 3,126,434 shares during the period. California State Teachers Retirement System boosted its position in American Homes 4 Rent by 3,074.1% during the second quarter. California State Teachers Retirement System now owns 12,414,166 shares of the real estate investment trust’s stock worth $416,123,000 after purchasing an additional 12,023,062 shares during the period. Geode Capital Management LLC grew its holdings in American Homes 4 Rent by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 7,355,760 shares of the real estate investment trust’s stock valued at $235,572,000 after purchasing an additional 161,676 shares during the last quarter. Finally, Centersquare Investment Management LLC grew its holdings in American Homes 4 Rent by 16.4% during the fourth quarter. Centersquare Investment Management LLC now owns 6,135,358 shares of the real estate investment trust’s stock valued at $196,945,000 after purchasing an additional 864,078 shares during the last quarter. Institutional investors and hedge funds own 91.87% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft set a $39.00 target price on American Homes 4 Rent in a research report on Friday, June 26th. Barclays boosted their price target on American Homes 4 Rent from $32.00 to $36.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 14th. JPMorgan Chase & Co. increased their price objective on American Homes 4 Rent from $35.00 to $38.00 and gave the stock a “neutral” rating in a report on Wednesday, August 19th. Royal Bank Of Canada raised their price objective on shares of American Homes 4 Rent from $36.00 to $37.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. Finally, Scotiabank lifted their target price on shares of American Homes 4 Rent from $32.00 to $33.00 and gave the company a “sector perform” rating in a research note on Thursday, June 18th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $36.83.

About American Homes 4 Rent

American Homes 4 Rent (NYSE:AMH) is a real estate investment trust focused on owning, developing and operating single-family rental homes. The company leases homes to residents and manages the properties through a combination of in-house operations and technology-enabled services.

AMH’s activities include acquiring and developing homes, renovating properties, providing leasing and resident services, and maintaining its rental portfolio. Its homes are generally located in planned communities and other suburban markets designed to appeal to households seeking single-family living without homeownership.

Founded in 2012, American Homes 4 Rent serves communities across several U.S.