American Homes 4 Rent (NYSE:AMH) COO Jack E. Corrigan sold 91,324 shares of American Homes 4 Rent stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $20.97, for a total transaction of $1,915,064.28. Following the sale, the chief operating officer now directly owns 100 shares in the company, valued at approximately $2,097. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

American Homes 4 Rent (NYSE:AMH) opened at 21.46 on Tuesday. The firm’s market capitalization is $5.12 billion. American Homes 4 Rent has a one year low of $13.16 and a one year high of $22.99. The firm’s 50-day moving average is $22.00 and its 200 day moving average is $18.80.

American Homes 4 Rent (NYSE:AMH) last posted its earnings results on Thursday, August 4th. The company reported $0.21 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by $0.02. The business earned $221 million during the quarter, compared to the consensus estimate of $219.32 million. American Homes 4 Rent had a negative return on equity of 0.83% and a negative net margin of 4.72%. The business’s revenue was up 43.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.17 earnings per share. Analysts forecast that American Homes 4 Rent will post $0.96 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.93%. The ex-dividend date is Tuesday, September 13th. American Homes 4 Rent’s dividend payout ratio is -66.66%.

Several equities research analysts recently issued reports on AMH shares. Zelman & Associates raised shares of American Homes 4 Rent from a “hold” rating to a “buy” rating in a research note on Monday, August 8th. FBR & Co reaffirmed an “outperform” rating and set a $22.00 price target (up previously from $20.00) on shares of American Homes 4 Rent in a research note on Thursday, June 23rd. Keefe, Bruyette & Woods lifted their price target on shares of American Homes 4 Rent from $19.00 to $22.00 and gave the stock a “market perform” rating in a research note on Monday, August 8th. TheStreet raised shares of American Homes 4 Rent from a “sell” rating to a “hold” rating in a research note on Monday, August 1st. Finally, Raymond James Financial Inc. lifted their price target on shares of American Homes 4 Rent from $24.00 to $26.00 and gave the stock a “buy” rating in a research note on Thursday, September 8th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $22.80.

Hedge funds have recently bought and sold shares of the company. Susquehanna International Group LLP increased its stake in American Homes 4 Rent by 71.5% in the fourth quarter. Susquehanna International Group LLP now owns 63,033 shares of the company’s stock valued at $1,050,000 after buying an additional 26,275 shares in the last quarter. Pioneer Investment Management Inc. increased its stake in American Homes 4 Rent by 97.8% in the fourth quarter. Pioneer Investment Management Inc. now owns 119,500 shares of the company’s stock valued at $1,991,000 after buying an additional 59,100 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its stake in American Homes 4 Rent by 6.1% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 89,330 shares of the company’s stock valued at $1,488,000 after buying an additional 5,120 shares in the last quarter. Norges Bank acquired a new stake in American Homes 4 Rent during the fourth quarter valued at approximately $23,262,000. Finally, Manning & Napier Advisors LLC increased its stake in American Homes 4 Rent by 100.4% in the first quarter. Manning & Napier Advisors LLC now owns 281,438 shares of the company’s stock valued at $4,474,000 after buying an additional 140,967 shares in the last quarter. 72.48% of the stock is owned by institutional investors.

About American Homes 4 Rent

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.

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