American Homes 4 Rent (NYSE:AMH) insider Bryan Smith sold 12,000 shares of the business’s stock in a transaction that occurred on Thursday, September 29th. The shares were sold at an average price of $21.70, for a total transaction of $260,400.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

American Homes 4 Rent (NYSE:AMH) opened at 20.56 on Wednesday. The firm’s market cap is $4.90 billion. American Homes 4 Rent has a 52 week low of $13.16 and a 52 week high of $22.99. The stock’s 50 day moving average is $21.79 and its 200 day moving average is $19.27.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.23 by $0.02. American Homes 4 Rent had a negative return on equity of 0.83% and a negative net margin of 4.72%. The firm had revenue of $221 million for the quarter, compared to the consensus estimate of $219.32 million. During the same period in the previous year, the business earned $0.17 EPS. The firm’s revenue was up 43.9% compared to the same quarter last year. Equities research analysts expect that American Homes 4 Rent will post $0.96 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Thursday, September 15th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.97%. The ex-dividend date was Tuesday, September 13th. American Homes 4 Rent’s payout ratio is -66.66%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Brookfield Asset Management Inc. raised its position in American Homes 4 Rent by 353.8% in the second quarter. Brookfield Asset Management Inc. now owns 5,284,898 shares of the company’s stock valued at $108,235,000 after buying an additional 4,120,398 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of American Homes 4 Rent by 38.5% in the first quarter. JPMorgan Chase & Co. now owns 14,136,438 shares of the company’s stock worth $224,770,000 after buying an additional 3,926,801 shares during the last quarter. Cohen & Steers Inc. bought a new position in shares of American Homes 4 Rent during the second quarter worth $77,904,000. FMR LLC raised its position in shares of American Homes 4 Rent by 8,442.8% in the second quarter. FMR LLC now owns 3,406,432 shares of the company’s stock worth $69,764,000 after buying an additional 3,366,557 shares during the last quarter. Finally, Capital Growth Management LP bought a new position in shares of American Homes 4 Rent during the second quarter worth $49,152,000. 72.47% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have recently issued reports on AMH shares. Zelman & Associates upgraded shares of American Homes 4 Rent from a “hold” rating to a “buy” rating in a report on Monday, August 8th. Zacks Investment Research upgraded shares of American Homes 4 Rent from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a report on Tuesday. Raymond James Financial Inc. upped their price objective on shares of American Homes 4 Rent from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Thursday, September 8th. Wells Fargo & Co. reiterated a “hold” rating on shares of American Homes 4 Rent in a research note on Wednesday, August 17th. Finally, TheStreet upgraded shares of American Homes 4 Rent from a “sell” rating to a “hold” rating in a research note on Monday, August 1st. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. American Homes 4 Rent currently has a consensus rating of “Buy” and an average target price of $23.40.

American Homes 4 Rent Company Profile

American Homes 4 Rent is an internally managed real estate investment trust (REIT) focused on acquiring, renovating, leasing and operating single-family homes as rental properties. The Company’s primary objective is to generate attractive risk-adjusted returns for its shareholders through dividends and capital appreciation by acquiring, renovating, leasing and operating single-family homes as rental properties.

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