Insider Buying: American Homes 4 Rent (NYSE:AMH) Director Buys $134,520.00 in Stock

American Homes 4 Rent (NYSE:AMH) Director Jack Corrigan acquired 6,000 shares of the stock in a transaction on Monday, August 24th. The shares were acquired at an average cost of $22.42 per share, for a total transaction of $134,520.00. Following the completion of the transaction, the director directly owned 22,000 shares in the company, valued at $493,240. The trade was a 37.50% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

American Homes 4 Rent Stock Performance

NYSE AMH traded down $0.34 during trading on Wednesday, reaching $34.22. The company’s stock had a trading volume of 1,711,571 shares, compared to its average volume of 3,320,935. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.59 and a current ratio of 0.59. The firm has a market cap of $12.34 billion, a price-to-earnings ratio of 27.16, a P/E/G ratio of 6.24 and a beta of 0.79. American Homes 4 Rent has a twelve month low of $27.22 and a twelve month high of $35.85. The business’s fifty day moving average price is $33.66 and its 200-day moving average price is $31.68.

American Homes 4 Rent (NYSE:AMH) last announced its earnings results on Thursday, July 30th. The real estate investment trust reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.13. The business had revenue of $470.10 million during the quarter, compared to the consensus estimate of $466.51 million. American Homes 4 Rent had a net margin of 25.53% and a return on equity of 6.25%. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.47 earnings per share. American Homes 4 Rent has set its FY 2026 guidance at 1.930-1.970 EPS. As a group, analysts anticipate that American Homes 4 Rent will post 1.9 EPS for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Tuesday, September 15th. American Homes 4 Rent’s dividend payout ratio (DPR) is 104.76%.

Institutional Investors Weigh In On American Homes 4 Rent

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Wilmington Savings Fund Society FSB grew its stake in shares of American Homes 4 Rent by 10,728.6% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 758 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 751 shares during the period. IFP Advisors Inc boosted its holdings in American Homes 4 Rent by 122.2% during the fourth quarter. IFP Advisors Inc now owns 802 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 441 shares in the last quarter. Parallel Advisors LLC boosted its holdings in American Homes 4 Rent by 84.8% during the third quarter. Parallel Advisors LLC now owns 963 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 442 shares in the last quarter. Prosperity Bancshares Inc acquired a new position in American Homes 4 Rent during the fourth quarter worth about $35,000. Finally, Bessemer Group Inc. grew its position in American Homes 4 Rent by 70.3% during the first quarter. Bessemer Group Inc. now owns 1,170 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 483 shares during the period. Institutional investors and hedge funds own 91.87% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Wells Fargo & Company increased their price target on American Homes 4 Rent from $36.00 to $38.00 and gave the stock an “overweight” rating in a report on Monday, August 10th. Citigroup restated a “market outperform” rating on shares of American Homes 4 Rent in a research report on Wednesday, August 5th. Mizuho raised their target price on shares of American Homes 4 Rent from $29.00 to $35.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Homes 4 Rent in a report on Monday, August 17th. Finally, Scotiabank boosted their price target on shares of American Homes 4 Rent from $32.00 to $33.00 and gave the stock a “sector perform” rating in a research note on Thursday, June 18th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $36.83.

About American Homes 4 Rent

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.