American Homes 4 Rent (NYSE:AMH) Director B Wayne Et Al Hughes purchased 1,372,200 shares of the company’s stock in a transaction dated Thursday, September 14th. The stock was acquired at an average price of $21.84 per share, with a total value of $29,968,848.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of American Homes 4 Rent (AMH) traded up 0.51% on Thursday, reaching $21.89. 1,964,628 shares of the company’s stock traded hands. The company’s 50-day moving average price is $22.41 and its 200 day moving average price is $22.72. American Homes 4 Rent has a one year low of $19.63 and a one year high of $23.98. The firm’s market cap is $5.70 billion.

American Homes 4 Rent (NYSE:AMH) last posted its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.04). American Homes 4 Rent had a return on equity of 0.70% and a net margin of 3.82%. The firm had revenue of $237.00 million during the quarter, compared to analysts’ expectations of $236.28 million. During the same quarter in the prior year, the company earned $0.25 earnings per share. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. On average, equities analysts forecast that American Homes 4 Rent will post $0.05 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.91%. The ex-dividend date is Thursday, September 14th. American Homes 4 Rent’s dividend payout ratio is presently -181.82%.

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A number of research firms have recently weighed in on AMH. BidaskClub downgraded shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Friday, August 25th. Zacks Investment Research upgraded shares of American Homes 4 Rent from a “sell” rating to a “hold” rating in a research report on Tuesday, August 22nd. TheStreet upgraded shares of American Homes 4 Rent from a “c” rating to a “b” rating in a research report on Friday, August 4th. Finally, Mizuho upgraded shares of American Homes 4 Rent from a “neutral” rating to a “buy” rating and set a $25.50 price target for the company in a research report on Monday, July 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $24.83.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. lifted its stake in American Homes 4 Rent by 5.1% in the 2nd quarter. PNC Financial Services Group Inc. now owns 5,720 shares of the real estate investment trust’s stock worth $128,000 after purchasing an additional 278 shares in the last quarter. Teacher Retirement System of Texas raised its position in shares of American Homes 4 Rent by 1.5% during the 2nd quarter. Teacher Retirement System of Texas now owns 18,405 shares of the real estate investment trust’s stock valued at $415,000 after buying an additional 280 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of American Homes 4 Rent by 7.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,247 shares of the real estate investment trust’s stock valued at $164,000 after buying an additional 515 shares in the last quarter. Amalgamated Bank raised its position in shares of American Homes 4 Rent by 3.3% during the 1st quarter. Amalgamated Bank now owns 23,909 shares of the real estate investment trust’s stock valued at $549,000 after buying an additional 774 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of American Homes 4 Rent by 5.8% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,284 shares of the real estate investment trust’s stock valued at $328,000 after buying an additional 786 shares in the last quarter. Institutional investors and hedge funds own 93.74% of the company’s stock.

American Homes 4 Rent Company Profile

American Homes 4 Rent is an internally managed real estate investment trust (REIT) focused on acquiring, renovating, leasing and operating single-family homes as rental properties. The Company’s primary objective is to generate attractive risk-adjusted returns for its shareholders through dividends and capital appreciation by acquiring, renovating, leasing and operating single-family homes as rental properties.

Insider Buying and Selling by Quarter for American Homes 4 Rent (NYSE:AMH)

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