American Homes 4 Rent (NYSE:AMH) saw unusually-high trading volume on Friday after an insider bought additional shares in the company. Approximately 2,716,848 shares traded hands during trading, an increase of 14% from the previous session’s volume of 2,375,770 shares.The stock last traded at $21.14 and had previously closed at $20.60.

Specifically, Director B Wayne Et Al Hughes bought 724,021 shares of the firm’s stock in a transaction dated Thursday, November 10th. The shares were bought at an average price of $20.72 per share, for a total transaction of $15,001,715.12. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Bryan Smith sold 12,000 shares of the stock in a transaction on Thursday, September 29th. The stock was sold at an average price of $21.70, for a total value of $260,400.00. The disclosure for this sale can be found here. 23.31% of the stock is owned by company insiders.

AMH has been the topic of several research analyst reports. TheStreet upgraded American Homes 4 Rent from a “sell” rating to a “hold” rating in a report on Monday, August 1st. FBR & Co increased their target price on American Homes 4 Rent from $22.00 to $26.00 and gave the stock an “outperform” rating in a report on Monday, August 8th. Keefe, Bruyette & Woods increased their target price on American Homes 4 Rent from $19.00 to $22.00 and gave the stock a “market perform” rating in a report on Monday, August 8th. Zelman & Associates upgraded American Homes 4 Rent from a “hold” rating to a “buy” rating in a report on Monday, August 8th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $20.00 target price (up previously from $19.00) on shares of American Homes 4 Rent in a report on Saturday, August 13th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $23.40.

The firm’s 50-day moving average is $20.79 and its 200-day moving average is $20.33. The company’s market cap is $5.04 billion.

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

Institutional investors have recently modified their holdings of the stock. Public Employees Retirement Association of Colorado raised its position in shares of American Homes 4 Rent by 0.4% in the third quarter. Public Employees Retirement Association of Colorado now owns 5,363 shares of the company’s stock valued at $116,000 after buying an additional 21 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new position in shares of American Homes 4 Rent during the third quarter valued at about $147,000. Tower Research Capital LLC TRC acquired a new position in shares of American Homes 4 Rent during the third quarter valued at about $192,000. Profund Advisors LLC acquired a new position in shares of American Homes 4 Rent during the second quarter valued at about $215,000. Finally, Reliance Trust Co. of Delaware acquired a new position in shares of American Homes 4 Rent during the third quarter valued at about $215,000. Institutional investors own 77.85% of the company’s stock.

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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