Jack Corrigan Acquires 1,594 Shares of American Homes 4 Rent (NYSE:AMH) Stock

American Homes 4 Rent (NYSE:AMH) Director Jack Corrigan bought 1,594 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The stock was purchased at an average cost of $23.25 per share, for a total transaction of $37,060.50. Following the completion of the transaction, the director owned 20,000 shares in the company, valued at $465,000. This trade represents a 8.66% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

American Homes 4 Rent Price Performance

NYSE:AMH opened at $30.65 on Friday. American Homes 4 Rent has a one year low of $27.22 and a one year high of $38.85. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.57 and a current ratio of 0.57. The firm has a market cap of $11.05 billion, a price-to-earnings ratio of 24.92, a PEG ratio of 4.14 and a beta of 0.82. The firm’s fifty day moving average is $29.75 and its two-hundred day moving average is $30.86.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $0.48 EPS for the quarter, beating the consensus estimate of $0.18 by $0.30. American Homes 4 Rent had a net margin of 25.27% and a return on equity of 6.08%. The company had revenue of $472.02 million for the quarter, compared to analyst estimates of $470.62 million. During the same period in the prior year, the company earned $0.46 earnings per share. The firm’s revenue was up 2.8% on a year-over-year basis. American Homes 4 Rent has set its FY 2026 guidance at 1.890-1.950 EPS. Research analysts expect that American Homes 4 Rent will post 1.92 EPS for the current year.

American Homes 4 Rent Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Monday, June 15th. American Homes 4 Rent’s dividend payout ratio is presently 107.32%.

Institutional Investors Weigh In On American Homes 4 Rent

Hedge funds have recently modified their holdings of the company. Thrivent Financial for Lutherans boosted its stake in shares of American Homes 4 Rent by 67.6% during the 3rd quarter. Thrivent Financial for Lutherans now owns 125,412 shares of the real estate investment trust’s stock worth $4,170,000 after acquiring an additional 50,587 shares in the last quarter. 12th Street Asset Management Company LLC raised its position in shares of American Homes 4 Rent by 64.3% during the 3rd quarter. 12th Street Asset Management Company LLC now owns 158,081 shares of the real estate investment trust’s stock worth $5,256,000 after purchasing an additional 61,838 shares during the last quarter. Centersquare Investment Management LLC raised its position in shares of American Homes 4 Rent by 25.9% during the 3rd quarter. Centersquare Investment Management LLC now owns 5,271,280 shares of the real estate investment trust’s stock worth $175,270,000 after purchasing an additional 1,082,972 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in shares of American Homes 4 Rent by 24.0% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,506,317 shares of the real estate investment trust’s stock worth $83,335,000 after purchasing an additional 485,401 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of American Homes 4 Rent by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 44,715,728 shares of the real estate investment trust’s stock worth $1,486,798,000 after purchasing an additional 246,713 shares during the last quarter. 91.87% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AMH has been the topic of several recent research reports. Wall Street Zen raised shares of American Homes 4 Rent from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of American Homes 4 Rent from $34.00 to $30.00 and set a “hold” rating on the stock in a report on Friday, March 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Homes 4 Rent in a report on Wednesday, January 21st. Citigroup lowered their price target on shares of American Homes 4 Rent from $34.50 to $33.50 and set a “neutral” rating on the stock in a report on Monday, March 2nd. Finally, Royal Bank Of Canada upped their price target on shares of American Homes 4 Rent from $34.00 to $35.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Eight research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat.com, American Homes 4 Rent has a consensus rating of “Hold” and a consensus target price of $35.00.

American Homes 4 Rent Company Profile

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.