American Homes 4 Rent CEO Acquires $89,819 in Stock (AMH)
American Homes 4 Rent (NYSE:AMH) CEO David P. Singelyn purchased 3,710 shares of the company’s stock on the open market in a transaction dated Friday, August 1st. The shares were purchased at an average cost of $24.21 per share, for a total transaction of $89,819.10. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of American Homes 4 Rent (NYSE:AMH) traded down 1.82% during mid-day trading on Tuesday, hitting $17.76. 681,581 shares of the company’s stock traded hands. American Homes 4 Rent has a 52-week low of $15.10 and a 52-week high of $18.85. The stock’s 50-day moving average is $18.11 and its 200-day moving average is $17.13. The company’s market cap is $3.295 billion.
American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.15 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.15. The company had revenue of $94.30 million for the quarter, compared to the consensus estimate of $93.20 million. The company’s revenue for the quarter was up 420.4% on a year-over-year basis. Analysts expect that American Homes 4 Rent will post $0.61 EPS for the current fiscal year.
A number of research firms have recently commented on AMH. Analysts at Raymond James upgraded shares of American Homes 4 Rent from an “outperform” rating to a “strong-buy” rating in a research note on Friday, July 18th. They now have a $19.00 price target on the stock. Separately, analysts at Morgan Stanley reiterated an “equal weight” rating on shares of American Homes 4 Rent in a research note on Wednesday, July 2nd. They now have a $18.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of American Homes 4 Rent in a research note on Monday, June 30th. They now have a $19.00 price target on the stock, up previously from $18.00. Five analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $18.57.
American Homes 4 Rent operates in the single-family home rental industry. The Company is an internally managed Maryland real estate investment trust (NYSE:AMH).
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