Jack Corrigan Acquires 1,000 Shares of American Homes 4 Rent (NYSE:AMH) Stock

American Homes 4 Rent (NYSE:AMH) Director Jack Corrigan purchased 1,000 shares of the stock in a transaction that occurred on Thursday, September 10th. The stock was bought at an average cost of $21.60 per share, with a total value of $21,600.00. Following the acquisition, the director owned 23,000 shares of the company’s stock, valued at $496,800. This represents a 4.55% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

American Homes 4 Rent Stock Performance

AMH stock opened at $31.62 on Wednesday. The company has a 50 day moving average price of $33.53 and a 200 day moving average price of $31.86. American Homes 4 Rent has a fifty-two week low of $27.22 and a fifty-two week high of $35.07. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.59 and a quick ratio of 0.59. The stock has a market capitalization of $11.40 billion, a PE ratio of 25.10, a price-to-earnings-growth ratio of 5.64 and a beta of 0.79.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.13. The firm had revenue of $470.10 million for the quarter, compared to analyst estimates of $466.51 million. American Homes 4 Rent had a return on equity of 6.25% and a net margin of 25.53%.The business’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period last year, the company earned $0.47 EPS. 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 1.91 EPS for the current 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 given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date is Tuesday, September 15th. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 104.76%.

Wall Street Analyst Weigh In

AMH has been the subject of a number of recent research reports. Morgan Stanley dropped their price target on shares of American Homes 4 Rent from $38.50 to $38.00 and set an “overweight” rating for the company in a research note on Wednesday, August 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Homes 4 Rent in a report on Monday, August 17th. Deutsche Bank Aktiengesellschaft set a $39.00 target price on shares of American Homes 4 Rent in a research report on Friday, June 26th. Wells Fargo & Company increased their price target on American Homes 4 Rent from $36.00 to $38.00 and gave the company an “overweight” rating in a research note on Monday, August 10th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of American Homes 4 Rent in a research note on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $36.83.

Institutional Investors Weigh In On American Homes 4 Rent

Hedge funds have recently modified their holdings of the business. Sequoia Financial Advisors LLC acquired a new position in shares of American Homes 4 Rent in the 2nd quarter valued at approximately $380,000. NewEdge Advisors LLC bought a new position in American Homes 4 Rent in the second quarter valued at approximately $339,000. IFP Advisors Inc boosted its holdings in shares of American Homes 4 Rent by 233.6% in the second quarter. IFP Advisors Inc now owns 5,608 shares of the real estate investment trust’s stock valued at $188,000 after buying an additional 3,927 shares during the period. Squarepoint Ops LLC increased its position in shares of American Homes 4 Rent by 69.4% during the second quarter. Squarepoint Ops LLC now owns 308,015 shares of the real estate investment trust’s stock worth $10,325,000 after acquiring an additional 126,188 shares in the last quarter. Finally, Allworth Financial LP raised its holdings in shares of American Homes 4 Rent by 35.7% during the second quarter. Allworth Financial LP now owns 32,101 shares of the real estate investment trust’s stock worth $1,076,000 after acquiring an additional 8,448 shares during the period. Institutional investors and hedge funds own 91.87% of the company’s stock.

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.