American Homes 4 Rent (NYSE:AMH – Get Free Report)’s stock price passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $31.98 and traded as low as $30.06. American Homes 4 Rent shares last traded at $30.5030, with a volume of 2,785,089 shares.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on AMH shares. Citigroup restated a “market outperform” rating on shares of American Homes 4 Rent in a report on Wednesday, August 5th. Royal Bank Of Canada upped their target price on American Homes 4 Rent from $36.00 to $37.00 and gave the stock an “outperform” rating in a report on Monday, August 3rd. Jefferies Financial Group raised American Homes 4 Rent to a “strong-buy” rating in a research report on Wednesday, July 22nd. Weiss Ratings restated a “hold (c)” rating on shares of American Homes 4 Rent in a research note on Monday, August 17th. Finally, Mizuho upgraded American Homes 4 Rent from a “neutral” rating to an “outperform” rating and raised their price target for the company from $35.00 to $36.00 in a research note on Monday, September 21st. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $36.71.
Read Our Latest Research Report on American Homes 4 Rent
American Homes 4 Rent Stock Down 0.7%
American Homes 4 Rent (NYSE:AMH – Get Free Report) last announced its earnings results on Thursday, July 30th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.13. American Homes 4 Rent had a net margin of 25.53% and a return on equity of 6.25%. The firm had revenue of $470.10 million for the quarter, compared to analyst estimates of $466.51 million. During the same quarter in the prior year, the business posted $0.47 EPS. The business’s revenue was up 2.8% compared to the same quarter last year. American Homes 4 Rent has set its FY 2026 guidance at 1.930-1.970 EPS. On average, equities analysts forecast that American Homes 4 Rent will post 1.91 EPS for the current year.
American Homes 4 Rent Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date was Tuesday, September 15th. American Homes 4 Rent’s dividend payout ratio (DPR) is 104.76%.
Insider Buying and Selling
In other news, Director Jack Corrigan purchased 8,000 shares of the business’s stock in a transaction dated Friday, September 11th. The stock was bought at an average price of $21.49 per share, with a total value of $171,920.00. Following the acquisition, the director owned 25,000 shares in the company, valued at approximately $537,250. The trade was a 47.06% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders bought a total of 15,000 shares of company stock valued at $328,040 over the last three months. 5.70% of the stock is owned by insiders.
Institutional Trading of American Homes 4 Rent
A number of hedge funds have recently made changes to their positions in AMH. Versant Capital Management Inc increased its position in shares of American Homes 4 Rent by 50.6% during the third quarter. Versant Capital Management Inc now owns 13,320 shares of the real estate investment trust’s stock worth $405,000 after buying an additional 4,475 shares during the period. Sequoia Financial Advisors LLC acquired a new position in American Homes 4 Rent during the 2nd quarter worth approximately $380,000. NewEdge Advisors LLC acquired a new position in shares of American Homes 4 Rent during the second quarter worth approximately $339,000. IFP Advisors Inc lifted its stake in shares of American Homes 4 Rent by 233.6% in the second quarter. IFP Advisors Inc now owns 5,608 shares of the real estate investment trust’s stock valued at $188,000 after buying an additional 3,927 shares in the last quarter. Finally, Squarepoint Ops LLC lifted its position in American Homes 4 Rent by 69.4% in the 2nd quarter. Squarepoint Ops LLC now owns 308,015 shares of the real estate investment trust’s stock valued at $10,325,000 after acquiring an additional 126,188 shares in the last quarter. 91.87% of the stock is owned by institutional investors and hedge funds.
About American Homes 4 Rent
American Homes 4 Rent (NYSE:AMH) is a real estate investment trust that owns, develops, acquires, leases and manages single-family rental homes in the United States. The company provides professionally managed rental housing, offering residents detached homes with features such as multiple bedrooms, private outdoor space and access to online leasing and maintenance services.
Founded in 2012, American Homes 4 Rent has built a portfolio through home acquisitions and the development of purpose-built rental communities.
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