American Homes 4 Rent (NYSE:AMH) Director Douglas N. Benham Buys 3,500 Shares

American Homes 4 Rent (NYSE:AMH) Director Douglas N. Benham bought 3,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The stock was bought at an average price of $23.00 per share, with a total value of $80,500.00. Following the transaction, the director now directly owns 37,997 shares in the company, valued at $873,931. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

American Homes 4 Rent Stock Performance

American Homes 4 Rent stock traded down $0.13 during trading hours on Friday, hitting $36.27. The stock had a trading volume of 75,160 shares, compared to its average volume of 3,241,508. The company has a market cap of $13.28 billion, a PE ratio of 37.13, a price-to-earnings-growth ratio of 2.75 and a beta of 0.70. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 0.58. American Homes 4 Rent has a fifty-two week low of $31.36 and a fifty-two week high of $37.97. The company has a 50-day moving average of $36.11 and a two-hundred day moving average of $35.55.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings data on Friday, May 3rd. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.13). American Homes 4 Rent had a net margin of 22.55% and a return on equity of 5.00%. The company had revenue of $423.56 million for the quarter, compared to the consensus estimate of $421.28 million. During the same period in the previous year, the business posted $0.41 earnings per share. The firm’s revenue was up 6.5% compared to the same quarter last year. On average, equities research analysts anticipate that American Homes 4 Rent will post 1.73 EPS for the current fiscal year.

American Homes 4 Rent Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a $0.26 dividend. The ex-dividend date was Thursday, March 14th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.87%. This is a boost from American Homes 4 Rent’s previous quarterly dividend of $0.22. American Homes 4 Rent’s payout ratio is 106.12%.

Institutional Investors Weigh In On American Homes 4 Rent

A number of large investors have recently bought and sold shares of the business. VisionPoint Advisory Group LLC acquired a new position in American Homes 4 Rent during the 3rd quarter worth $26,000. Blue Trust Inc. boosted its stake in American Homes 4 Rent by 1,091.3% during the 4th quarter. Blue Trust Inc. now owns 953 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 873 shares during the last quarter. Tobam grew its holdings in American Homes 4 Rent by 2,192.9% during the fourth quarter. Tobam now owns 963 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 921 shares during the period. GAMMA Investing LLC bought a new stake in American Homes 4 Rent in the fourth quarter valued at approximately $44,000. Finally, Capital Analysts LLC raised its holdings in American Homes 4 Rent by 58.1% in the fourth quarter. Capital Analysts LLC now owns 1,436 shares of the real estate investment trust’s stock worth $52,000 after purchasing an additional 528 shares during the period. 91.87% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on AMH shares. BNP Paribas assumed coverage on shares of American Homes 4 Rent in a research report on Monday, January 22nd. They issued an “outperform” rating and a $42.00 price target for the company. Mizuho increased their price objective on American Homes 4 Rent from $37.00 to $39.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. Raymond James upped their target price on American Homes 4 Rent from $40.00 to $41.00 and gave the company an “outperform” rating in a report on Thursday, March 28th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $39.00 price objective on shares of American Homes 4 Rent in a research report on Monday, February 26th. Finally, Citigroup raised shares of American Homes 4 Rent from a “neutral” rating to a “buy” rating and lifted their target price for the company from $37.00 to $41.00 in a research note on Friday, March 22nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $39.67.

About American Homes 4 Rent

AMH (NYSE: AMH) is a leading large-scale integrated owner, operator and developer of single-family rental homes. We're an internally managed Maryland real estate investment trust (REIT) focused on acquiring, developing, renovating, leasing and managing homes as rental properties. Our goal is to simplify the experience of leasing a home and deliver peace of mind to households across the country.