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

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

American Homes 4 Rent Trading Up 0.6 %

Shares of AMH traded up $0.23 during trading on Thursday, reaching $36.39. 1,663,170 shares of the company traded hands, compared to its average volume of 3,277,079. American Homes 4 Rent has a twelve month low of $31.36 and a twelve month high of $37.97. The stock has a market cap of $13.32 billion, a PE ratio of 37.13, a price-to-earnings-growth ratio of 2.75 and a beta of 0.70. The stock has a 50-day simple moving average of $36.11 and a 200-day simple moving average of $35.55. 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 (NYSE:AMH) last posted its quarterly earnings data on Friday, May 3rd. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate 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 business had revenue of $423.56 million during the quarter, compared to analysts’ expectations of $421.28 million. During the same period in the previous year, the business posted $0.41 EPS. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, analysts anticipate that American Homes 4 Rent will post 1.73 earnings per share for the current year.

American Homes 4 Rent Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors 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 yield of 2.86%. This is an increase from American Homes 4 Rent’s previous quarterly dividend of $0.22. American Homes 4 Rent’s payout ratio is currently 106.12%.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of American Homes 4 Rent in a research report on Tuesday, January 30th. They set a “buy” rating and a $40.00 target price on the stock. Mizuho raised their target price on shares of American Homes 4 Rent from $37.00 to $39.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. Royal Bank of Canada reissued an “outperform” rating and set a $39.00 target price on shares of American Homes 4 Rent in a research report on Monday, February 26th. Raymond James raised their target price on shares of American Homes 4 Rent from $40.00 to $41.00 and gave the company an “outperform” rating in a research report on Thursday, March 28th. Finally, Citigroup raised shares of American Homes 4 Rent from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $37.00 to $41.00 in a research report on Friday, March 22nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, American Homes 4 Rent has a consensus rating of “Moderate Buy” and an average price target of $39.67.

Institutional Trading of American Homes 4 Rent

Several institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC lifted its position in shares of American Homes 4 Rent by 24.1% during the 1st quarter. GAMMA Investing LLC now owns 1,557 shares of the real estate investment trust’s stock worth $57,000 after buying an additional 302 shares during the last quarter. Penserra Capital Management LLC lifted its position in shares of American Homes 4 Rent by 2.0% during the 3rd quarter. Penserra Capital Management LLC now owns 15,746 shares of the real estate investment trust’s stock worth $529,000 after buying an additional 309 shares during the last quarter. M&T Bank Corp lifted its position in shares of American Homes 4 Rent by 0.8% during the 4th quarter. M&T Bank Corp now owns 45,526 shares of the real estate investment trust’s stock worth $1,637,000 after buying an additional 348 shares during the last quarter. Quadrant Capital Group LLC increased its holdings in shares of American Homes 4 Rent by 15.4% in the 4th quarter. Quadrant Capital Group LLC now owns 2,763 shares of the real estate investment trust’s stock valued at $99,000 after acquiring an additional 369 shares during the period. Finally, Cornercap Investment Counsel Inc. increased its holdings in shares of American Homes 4 Rent by 3.2% in the 4th quarter. Cornercap Investment Counsel Inc. now owns 12,676 shares of the real estate investment trust’s stock valued at $456,000 after acquiring an additional 391 shares during the period. Hedge funds and other institutional investors own 91.87% of the company’s stock.

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.