American Homes 4 Rent (NYSE:AMH – Get Free Report) Director Jack Corrigan purchased 6,000 shares of American Homes 4 Rent stock in a transaction on Monday, August 24th. The shares were acquired at an average price of $22.42 per share, for a total transaction of $134,520.00. Following the completion of the transaction, the director directly owned 22,000 shares of the company’s stock, valued at approximately $493,240. The trade was a 37.50% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.
American Homes 4 Rent Trading Up 0.3%
Shares of AMH opened at $33.54 on Friday. American Homes 4 Rent has a fifty-two week low of $27.22 and a fifty-two week high of $35.85. The firm has a market cap of $12.09 billion, a price-to-earnings ratio of 26.62, a PEG ratio of 5.99 and a beta of 0.79. The firm has a 50 day moving average price of $33.78 and a 200-day moving average price of $31.73. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.59 and a current ratio of 0.59.
American Homes 4 Rent (NYSE:AMH – Get Free Report) last released its earnings results on Thursday, July 30th. The real estate investment trust reported $0.31 EPS for the quarter, beating the consensus estimate of $0.18 by $0.13. The company had revenue of $470.10 million for the quarter, compared to analyst estimates of $466.51 million. American Homes 4 Rent had a net margin of 25.53% and a return on equity of 6.25%. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.47 EPS. American Homes 4 Rent has set its FY 2026 guidance at 1.930-1.970 EPS. As a group, equities research analysts forecast that American Homes 4 Rent will post 1.9 earnings per share for the current year.
American Homes 4 Rent Dividend Announcement
Analyst Upgrades and Downgrades
A number of equities analysts have commented on the company. Deutsche Bank Aktiengesellschaft set a $39.00 price target on American Homes 4 Rent in a research note on Friday, June 26th. Raymond James Financial upgraded shares of American Homes 4 Rent from a “market perform” rating to an “outperform” rating and set a $35.00 target price on the stock in a report on Monday, May 18th. Keefe, Bruyette & Woods upped their price target on shares of American Homes 4 Rent from $36.00 to $38.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Morgan Stanley dropped their price target on shares of American Homes 4 Rent from $38.50 to $38.00 and set an “overweight” rating for the company in a research report on Wednesday, August 12th. Finally, BMO Capital Markets upgraded shares of American Homes 4 Rent from a “market perform” rating to an “outperform” rating and set a $39.00 price objective on the stock in a research report on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.83.
Hedge Funds Weigh In On American Homes 4 Rent
Several hedge funds and other institutional investors have recently modified their holdings of AMH. Wilmington Savings Fund Society FSB raised its position in shares of American Homes 4 Rent by 10,728.6% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 758 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 751 shares in the last quarter. IFP Advisors Inc boosted its position in shares of American Homes 4 Rent by 122.2% during the fourth quarter. IFP Advisors Inc now owns 802 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 441 shares in the last quarter. Parallel Advisors LLC grew its stake in American Homes 4 Rent by 84.8% in the third quarter. Parallel Advisors LLC now owns 963 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 442 shares during the period. Bessemer Group Inc. grew its stake in American Homes 4 Rent by 70.3% in the first quarter. Bessemer Group Inc. now owns 1,170 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 483 shares during the period. Finally, Prosperity Bancshares Inc purchased a new stake in American Homes 4 Rent in the fourth quarter worth $35,000. Hedge funds and other institutional investors own 91.87% of the company’s stock.
About American Homes 4 Rent
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.
Recommended Stories
- Five stocks we like better than American Homes 4 Rent
- 3 Financial Stocks Positioned for the Fed’s Next Move After Jackson Hole
- IREN’s AI Pivot Looks Real, But the Market Wanted a Faster Payoff After Earnings
- Boeing’s $131B F-15 Win: Mach 1 Momentum or Just Altitude?
- Okta Stock Surges 29%—Is $200 the Next Stop?
Receive News & Ratings for American Homes 4 Rent Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Homes 4 Rent and related companies with MarketBeat.com's FREE daily email newsletter.
