American Homes 4 Rent (NYSE:AMH) Director Jack Corrigan Buys 8,000 Shares of Stock

American Homes 4 Rent (NYSE:AMH) Director Jack Corrigan purchased 8,000 shares of the business’s stock in a transaction dated Friday, September 11th. The shares were acquired at an average price of $21.49 per share, for a total transaction of $171,920.00. Following the acquisition, the director owned 25,000 shares of the company’s stock, valued at $537,250. This trade represents a 47.06% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

American Homes 4 Rent Stock Performance

Shares of American Homes 4 Rent stock opened at $31.63 on Tuesday. The stock has a market cap of $11.41 billion, a price-to-earnings ratio of 25.10, a P/E/G ratio of 5.62 and a beta of 0.79. American Homes 4 Rent has a twelve month low of $27.22 and a twelve month high of $35.07. The company’s fifty day moving average is $33.57 and its 200 day moving average is $31.85. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.69.

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 (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.13. American Homes 4 Rent had a return on equity of 6.25% and a net margin of 25.53%.The business had revenue of $470.10 million during the quarter, compared to analyst estimates of $466.51 million. During the same period last year, the company earned $0.47 EPS. American Homes 4 Rent’s revenue for the quarter was up 2.8% compared to the same quarter last year. American Homes 4 Rent has set its FY 2026 guidance at 1.930-1.970 EPS. Sell-side analysts forecast that American Homes 4 Rent will post 1.91 EPS for the current year.

American Homes 4 Rent Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend is Tuesday, September 15th. American Homes 4 Rent’s payout ratio is currently 104.76%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on AMH shares. Raymond James Financial raised shares of American Homes 4 Rent from a “market perform” rating to an “outperform” rating and set a $35.00 target price for the company in a research report on Monday, May 18th. Barclays boosted their price target on shares of American Homes 4 Rent from $32.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 14th. UBS Group upped their price objective on shares of American Homes 4 Rent from $32.00 to $35.00 and gave the company a “neutral” rating in a research note on Wednesday, July 8th. Royal Bank Of Canada increased their price objective on shares of American Homes 4 Rent from $36.00 to $37.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft set a $39.00 target price on American Homes 4 Rent in a research note on Friday, June 26th. One investment 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 data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $36.83.

Institutional Trading of American Homes 4 Rent

Hedge funds and other institutional investors have recently bought and sold shares of the business. Norges Bank purchased a new stake in shares of American Homes 4 Rent during the fourth quarter valued at approximately $710,672,000. Principal Financial Group Inc. increased its position in shares of American Homes 4 Rent by 19.8% during the 1st quarter. Principal Financial Group Inc. now owns 18,937,398 shares of the real estate investment trust’s stock valued at $528,736,000 after purchasing an additional 3,126,434 shares during the last quarter. California State Teachers Retirement System raised its stake in shares of American Homes 4 Rent by 3,074.1% during the 2nd quarter. California State Teachers Retirement System now owns 12,414,166 shares of the real estate investment trust’s stock worth $416,123,000 after purchasing an additional 12,023,062 shares during the period. Geode Capital Management LLC grew its position in American Homes 4 Rent by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 7,355,760 shares of the real estate investment trust’s stock valued at $235,572,000 after buying an additional 161,676 shares during the period. Finally, Centersquare Investment Management LLC increased its holdings in American Homes 4 Rent by 16.4% during the fourth quarter. Centersquare Investment Management LLC now owns 6,135,358 shares of the real estate investment trust’s stock worth $196,945,000 after buying an additional 864,078 shares during the last quarter. Institutional investors 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.