Douglas N. Benham Buys 3,286 Shares of American Homes 4 Rent (NYSE:AMH) Stock

American Homes 4 Rent (NYSE:AMH) Director Douglas N. Benham purchased 3,286 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were purchased at an average price of $24.49 per share, with a total value of $80,474.14. Following the acquisition, the director now directly owns 41,946 shares in the company, valued at $1,027,257.54. This represents a 8.50 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

American Homes 4 Rent Trading Up 1.2 %

Shares of NYSE:AMH traded up $0.43 on Monday, hitting $37.69. 2,459,211 shares of the company’s stock were exchanged, compared to its average volume of 2,516,870. The stock has a market capitalization of $13.93 billion, a price-to-earnings ratio of 38.81, a price-to-earnings-growth ratio of 3.29 and a beta of 0.78. American Homes 4 Rent has a 12 month low of $33.75 and a 12 month high of $41.41. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.58 and a quick ratio of 0.58. The business’s 50 day simple moving average is $37.58 and its two-hundred day simple moving average is $37.54.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.23). The company had revenue of $445.06 million for the quarter, compared to the consensus estimate of $443.81 million. American Homes 4 Rent had a net margin of 21.51% and a return on equity of 4.76%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.41 EPS. Analysts anticipate that American Homes 4 Rent will post 1.77 EPS for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.04 annualized dividend and a yield of 2.76%. American Homes 4 Rent’s dividend payout ratio (DPR) is currently 108.33%.

Institutional Investors Weigh In On American Homes 4 Rent

Institutional investors and hedge funds have recently bought and sold shares of the company. Maryland Capital Advisors Inc. purchased a new position in shares of American Homes 4 Rent during the third quarter valued at $25,000. UMB Bank n.a. grew its holdings in American Homes 4 Rent by 331.9% during the 3rd quarter. UMB Bank n.a. now owns 786 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 604 shares in the last quarter. V Square Quantitative Management LLC purchased a new position in American Homes 4 Rent during the 2nd quarter valued at about $32,000. Assetmark Inc. raised its holdings in shares of American Homes 4 Rent by 359.1% in the 3rd quarter. Assetmark Inc. now owns 1,010 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 790 shares in the last quarter. Finally, Wetzel Investment Advisors Inc. purchased a new stake in shares of American Homes 4 Rent in the 2nd quarter worth approximately $44,000. 91.87% of the stock is owned by institutional investors.

Analyst Ratings Changes

AMH has been the subject of a number of research reports. Wells Fargo & Company upgraded American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $36.00 to $42.00 in a research report on Monday, August 26th. Keefe, Bruyette & Woods dropped their price objective on shares of American Homes 4 Rent from $39.00 to $38.00 and set a “market perform” rating for the company in a research note on Wednesday, November 6th. Scotiabank restated an “outperform” rating and set a $42.00 target price on shares of American Homes 4 Rent in a research report on Wednesday, August 21st. StockNews.com downgraded shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Tuesday, December 3rd. Finally, Mizuho boosted their price objective on American Homes 4 Rent from $39.00 to $40.00 and gave the stock an “outperform” rating in a research note on Thursday, October 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $41.60.

American Homes 4 Rent Company Profile

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.