American Homes 4 Rent (NYSE:AMH) Director B Wayne Et Al Hughes bought 724,021 shares of the company’s stock in a transaction that occurred on Thursday, November 10th. The stock was acquired at an average price of $20.72 per share, for a total transaction of $15,001,715.12. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

American Homes 4 Rent (NYSE:AMH) opened at 20.50 on Monday. The firm’s market cap is $4.89 billion. The firm has a 50-day moving average of $20.90 and a 200 day moving average of $20.20. American Homes 4 Rent has a 1-year low of $13.16 and a 1-year high of $22.99.

American Homes 4 Rent (NYSE:AMH) last issued its earnings results on Thursday, November 3rd. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.01. The company had revenue of $236.10 million for the quarter, compared to analyst estimates of $49.46 million. American Homes 4 Rent had a negative net margin of 2.47% and a negative return on equity of 0.45%. The company’s revenue for the quarter was up 36.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.19 EPS. Analysts expect that American Homes 4 Rent will post $0.97 earnings per share for the current fiscal year.

A number of research firms recently commented on AMH. Raymond James Financial Inc. boosted their target price on shares of American Homes 4 Rent from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Thursday, September 8th. Zelman & Associates upgraded shares of American Homes 4 Rent from a “hold” rating to a “buy” rating in a report on Monday, August 8th. FBR & Co reiterated an “outperform” rating on shares of American Homes 4 Rent in a report on Friday, September 23rd. JPMorgan Chase & Co. restated a “neutral” rating and set a $20.00 price target (up previously from $19.00) on shares of American Homes 4 Rent in a report on Saturday, August 13th. Finally, Wells Fargo & Co. restated a “hold” rating on shares of American Homes 4 Rent in a report on Wednesday, August 17th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. American Homes 4 Rent currently has a consensus rating of “Hold” and an average price target of $23.40.

Several hedge funds and other institutional investors have recently modified their holdings of AMH. Boston Partners raised its position in shares of American Homes 4 Rent by 0.3% in the second quarter. Boston Partners now owns 12,860,820 shares of the company’s stock valued at $263,389,000 after buying an additional 37,951 shares during the period. Daiwa Securities Group Inc. raised its position in shares of American Homes 4 Rent by 135,701.3% in the third quarter. Daiwa Securities Group Inc. now owns 8,702,150 shares of the company’s stock valued at $188,315,000 after buying an additional 8,695,742 shares during the period. BlackRock Institutional Trust Company N.A. raised its position in shares of American Homes 4 Rent by 14.6% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 7,490,626 shares of the company’s stock valued at $162,097,000 after buying an additional 956,065 shares during the period. Brookfield Asset Management Inc. raised its position in shares of 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 period. Finally, State Street Corp raised its position in shares of American Homes 4 Rent by 26.3% in the first quarter. State Street Corp now owns 4,902,960 shares of the company’s stock valued at $77,954,000 after buying an additional 1,022,469 shares during the period. 77.85% of the stock is currently owned by institutional investors.

About American Homes 4 Rent

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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