Insider Buying: David P. Singelyn Acquires 2,958 Shares of American Homes 4 Rent Stock (AMH)
American Homes 4 Rent (NYSE:AMH) CEO David P. Singelyn bought 2,958 shares of American Homes 4 Rent stock in a transaction that occurred on Friday, August 8th. The shares were purchased at an average price of $24.25 per share, with a total value of $71,731.50. The purchase was disclosed in a legal filing with the SEC, which is available at this link.
Shares of American Homes 4 Rent (NYSE:AMH) traded down 0.39% during mid-day trading on Tuesday, hitting $17.75. The stock had a trading volume of 367,593 shares. American Homes 4 Rent has a 1-year low of $15.10 and a 1-year high of $18.85. The stock’s 50-day moving average is $18.07 and its 200-day moving average is $17.15. The company’s market cap is $3.293 billion.
American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.15 EPS for the quarter, meeting the Thomson Reuters 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 quarterly revenue was up 420.4% on a year-over-year basis. Analysts expect that American Homes 4 Rent will post $0.62 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 30th. Investors of record on Monday, September 15th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend is Thursday, September 11th.
A number of analysts have recently weighed in on AMH shares. Analysts at Keefe, Bruyette & Woods raised their price target on shares of American Homes 4 Rent from $20.00 to $21.00 in a research note on Wednesday, August 6th. Separately, 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. Finally, 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. Five analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. American Homes 4 Rent presently has a consensus rating of “Buy” and an average target price of $18.88.
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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