American Homes 4 Rent (NYSE:AMH – Get Free Report) Director David Goldberg acquired 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were bought at an average cost of $29.30 per share, for a total transaction of $58,600.00. Following the acquisition, the director owned 36,723 shares of the company’s stock, valued at $1,075,983.90. This represents a 5.76% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.
David Goldberg also recently made the following trade(s):
- On Tuesday, February 24th, David Goldberg purchased 2,000 shares of American Homes 4 Rent stock. The shares were purchased at an average cost of $29.17 per share, with a total value of $58,340.00.
American Homes 4 Rent Price Performance
Shares of AMH traded down $0.44 during mid-day trading on Monday, reaching $29.46. 5,322,019 shares of the company’s stock were exchanged, compared to its average volume of 4,911,420. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.66. The company has a 50-day simple moving average of $31.10 and a two-hundred day simple moving average of $32.13. The company has a market cap of $10.72 billion, a price-to-earnings ratio of 24.97, a PEG ratio of 4.27 and a beta of 0.80. American Homes 4 Rent has a 52-week low of $28.84 and a 52-week high of $39.49.
American Homes 4 Rent Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be issued a $0.33 dividend. This is a positive change from American Homes 4 Rent’s previous quarterly dividend of $0.30. The ex-dividend date is Friday, March 13th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.5%. American Homes 4 Rent’s dividend payout ratio (DPR) is 101.69%.
Institutional Trading of American Homes 4 Rent
Institutional investors have recently modified their holdings of the company. Jones Financial Companies Lllp lifted its stake in American Homes 4 Rent by 1,103.6% during the first quarter. Jones Financial Companies Lllp now owns 13,047 shares of the real estate investment trust’s stock valued at $493,000 after purchasing an additional 11,963 shares during the last quarter. Metis Global Partners LLC boosted its position in shares of American Homes 4 Rent by 23.0% in the 2nd quarter. Metis Global Partners LLC now owns 56,659 shares of the real estate investment trust’s stock valued at $2,044,000 after purchasing an additional 10,606 shares during the period. Fox Run Management L.L.C. purchased a new position in American Homes 4 Rent in the 2nd quarter worth about $669,000. Aviva PLC purchased a new stake in American Homes 4 Rent during the second quarter valued at about $6,060,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of American Homes 4 Rent by 1.3% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 515,093 shares of the real estate investment trust’s stock worth $18,579,000 after buying an additional 6,501 shares during the period. Institutional investors and hedge funds own 91.87% of the company’s stock.
Analyst Ratings Changes
AMH has been the topic of several analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of American Homes 4 Rent in a report on Wednesday, January 21st. JPMorgan Chase & Co. reduced their target price on American Homes 4 Rent from $38.00 to $37.00 and set a “neutral” rating for the company in a research note on Monday, January 12th. UBS Group dropped their target price on shares of American Homes 4 Rent from $38.00 to $33.00 and set a “neutral” rating for the company in a research report on Thursday, January 8th. Citizens Jmp decreased their target price on American Homes 4 Rent from $41.00 to $37.00 and set a “market outperform” rating for the company in a research report on Monday, February 23rd. Finally, Citigroup reduced their price target on shares of American Homes 4 Rent from $34.50 to $33.50 and set a “neutral” rating on the stock in a research report on Monday, March 2nd. Seven equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, American Homes 4 Rent has a consensus rating of “Hold” and an average target price of $35.72.
Check Out Our Latest Report on American Homes 4 Rent
American Homes 4 Rent Company Profile
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.
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