Insider Selling: American Homes 4 Rent (NYSE:AMH) Director Sells 25,000 Shares of Stock

American Homes 4 Rent (NYSE:AMH) Director Jack E. Corrigan sold 25,000 shares of the business’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $36.60, for a total value of $915,000.00. Following the completion of the transaction, the director now owns 103,789 shares of the company’s stock, valued at $3,798,677.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

American Homes 4 Rent Stock Down 0.5 %

Shares of NYSE AMH opened at $36.12 on Friday. American Homes 4 Rent has a 12-month low of $28.78 and a 12-month high of $37.97. The company has a market cap of $13.08 billion, a P/E ratio of 34.73, a P/E/G ratio of 2.67 and a beta of 0.70. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.58. The stock has a fifty day moving average price of $34.48 and a 200 day moving average price of $35.07.

American Homes 4 Rent Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.88 annualized dividend and a yield of 2.44%. American Homes 4 Rent’s dividend payout ratio is currently 84.62%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on AMH shares. Evercore ISI cut their price target on American Homes 4 Rent from $38.00 to $36.00 in a report on Monday, October 9th. UBS Group began coverage on American Homes 4 Rent in a report on Friday, September 29th. They set a “neutral” rating and a $35.00 price objective for the company. StockNews.com downgraded American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. B. Riley upped their price objective on American Homes 4 Rent from $36.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, August 2nd. Finally, Royal Bank of Canada upped their price objective on American Homes 4 Rent from $38.00 to $39.00 and gave the stock an “outperform” rating in a report on Monday, July 31st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, American Homes 4 Rent presently has an average rating of “Hold” and an average target price of $36.88.

Hedge Funds Weigh In On American Homes 4 Rent

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Nemes Rush Group LLC purchased a new position in American Homes 4 Rent in the 2nd quarter valued at about $31,000. Spotlight Asset Group Inc. purchased a new position in American Homes 4 Rent in the 2nd quarter valued at about $35,000. Sunbelt Securities Inc. purchased a new position in American Homes 4 Rent in the 1st quarter valued at about $33,000. BI Asset Management Fondsmaeglerselskab A S boosted its position in American Homes 4 Rent by 101.3% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 1,127 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 567 shares during the last quarter. Finally, Quarry LP purchased a new position in American Homes 4 Rent in the 2nd quarter valued at about $41,000. 83.97% of the stock is owned by hedge funds and other institutional investors.

American Homes 4 Rent Company Profile

American Homes 4 Rent (NYSE: AMH), which does business as AMH, is a leading 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.