Tamara Hughes Gustavson Purchases 281,695 Shares of American Homes 4 Rent (NYSE:AMH) Stock

American Homes 4 Rent (NYSE:AMHGet Rating) Director Tamara Hughes Gustavson acquired 281,695 shares of the firm’s stock in a transaction that occurred on Wednesday, September 7th. The shares were bought at an average price of $36.40 per share, for a total transaction of $10,253,698.00. Following the completion of the purchase, the director now owns 269,470 shares in the company, valued at approximately $9,808,708. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

American Homes 4 Rent Trading Up 1.0 %

NYSE AMH opened at $37.05 on Friday. American Homes 4 Rent has a 1-year low of $32.60 and a 1-year high of $44.07. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.63. The stock has a 50-day moving average of $36.58 and a 200-day moving average of $37.59. The firm has a market cap of $12.91 billion, a PE ratio of 65.00, a price-to-earnings-growth ratio of 3.34 and a beta of 0.60.

American Homes 4 Rent (NYSE:AMHGet Rating) last released its earnings results on Thursday, August 4th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.22). American Homes 4 Rent had a net margin of 15.67% and a return on equity of 3.46%. The company had revenue of $361.90 million during the quarter, compared to the consensus estimate of $362.35 million. During the same period last year, the firm posted $0.33 EPS. The company’s revenue was up 15.4% on a year-over-year basis. As a group, sell-side analysts forecast that American Homes 4 Rent will post 1.56 EPS for the current year.

American Homes 4 Rent Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 15th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date is Wednesday, September 14th. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 126.32%.

Wall Street Analyst Weigh In

Several research firms recently commented on AMH. Raymond James restated a “strong-buy” rating and set a $45.00 target price (down from $48.00) on shares of American Homes 4 Rent in a research report on Thursday, June 23rd. Oppenheimer began coverage on American Homes 4 Rent in a research report on Monday, July 18th. They set a “market perform” rating and a $35.00 target price for the company. Capital One Financial began coverage on American Homes 4 Rent in a research report on Friday, July 8th. They set an “overweight” rating and a $43.00 target price for the company. Evercore ISI boosted their target price on American Homes 4 Rent to $39.00 in a research report on Monday, August 15th. Finally, StockNews.com cut American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Friday, September 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, American Homes 4 Rent currently has an average rating of “Moderate Buy” and an average target price of $42.14.

Institutional Investors Weigh In On American Homes 4 Rent

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE raised its position in American Homes 4 Rent by 8.0% during the 4th quarter. Bank of America Corp DE now owns 668,886 shares of the real estate investment trust’s stock valued at $29,171,000 after purchasing an additional 49,704 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in American Homes 4 Rent by 14.9% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 65,728 shares of the real estate investment trust’s stock valued at $2,866,000 after purchasing an additional 8,515 shares during the last quarter. WINTON GROUP Ltd raised its position in American Homes 4 Rent by 57.6% during the 4th quarter. WINTON GROUP Ltd now owns 26,094 shares of the real estate investment trust’s stock valued at $1,138,000 after purchasing an additional 9,537 shares during the last quarter. Teacher Retirement System of Texas raised its position in American Homes 4 Rent by 19.8% during the 4th quarter. Teacher Retirement System of Texas now owns 56,086 shares of the real estate investment trust’s stock valued at $2,446,000 after purchasing an additional 9,285 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in American Homes 4 Rent by 7.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,519,778 shares of the real estate investment trust’s stock valued at $153,497,000 after purchasing an additional 238,313 shares during the last quarter. Institutional investors own 88.49% of the company’s stock.

American Homes 4 Rent Company Profile

(Get Rating)

American Homes 4 Rent (NYSE: AMH) is a leader in the single-family home rental industry and "American Homes 4 Rent" is fast becoming a nationally recognized brand for rental homes, known for high-quality, good value and tenant satisfaction. We are an internally managed Maryland real estate investment trust, or REIT, focused on acquiring, developing, renovating, leasing, and operating attractive, single-family homes as rental properties.

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