American Homes 4 Rent (AMH) Sees Large Volume Increase After Insider Buying Activity

American Homes 4 Rent (NYSE:AMH) saw an uptick in trading volume on Thursday after an insider bought additional shares in the company. 9,115,920 shares traded hands during trading, an increase of 366% from the previous session’s volume of 1,957,880 shares.The stock last traded at $23.50 and had previously closed at $23.23.

Specifically, Director B Wayne Et Al Hughes bought 2,192,982 shares of the stock in a transaction that occurred on Wednesday, March 22nd. The shares were purchased at an average cost of $22.80 per share, for a total transaction of $49,999,989.60. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 23.31% of the stock is owned by company insiders.

Several research firms recently commented on AMH. Credit Suisse Group AG began coverage on American Homes 4 Rent in a research report on Monday, February 27th. They issued a “neutral” rating and a $24.00 target price on the stock. Zacks Investment Research upgraded American Homes 4 Rent from a “sell” rating to a “hold” rating in a research report on Monday. FBR & Co reaffirmed a “buy” rating on shares of American Homes 4 Rent in a research note on Thursday, April 13th. Finally, Mizuho started coverage on American Homes 4 Rent in a research note on Wednesday, February 8th. They set a “neutral” rating and a $23.00 price target for the company. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $23.71.

The firm’s market capitalization is $5.75 billion. The company has a 50 day moving average of $23.13 and a 200 day moving average of $21.72.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings results on Thursday, February 23rd. The real estate investment trust reported $0.26 earnings per share for the quarter, hitting the consensus estimate of $0.26. American Homes 4 Rent had a negative net margin of 2.47% and a negative return on equity of 0.45%. The business had revenue of $227.60 million for the quarter, compared to analysts’ expectations of $230.19 million. During the same period in the previous year, the company earned $0.21 earnings per share. The firm’s revenue for the quarter was up 31.9% compared to the same quarter last year. Equities analysts expect that American Homes 4 Rent will post $0.05 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, March 31st. Investors of record on Wednesday, March 15th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend was Monday, March 13th. American Homes 4 Rent’s dividend payout ratio (DPR) is presently -80.00%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement Association of Colorado boosted its position in American Homes 4 Rent by 0.4% in the third quarter. Public Employees Retirement Association of Colorado now owns 5,363 shares of the real estate investment trust’s stock valued at $116,000 after buying an additional 21 shares during the period. Elkfork Partners LLC bought a new stake in shares of American Homes 4 Rent during the fourth quarter valued at approximately $176,000. Tower Research Capital LLC TRC bought a new stake in shares of American Homes 4 Rent during the third quarter valued at approximately $192,000. BlackRock Japan Co. Ltd raised its stake in shares of American Homes 4 Rent by 10.1% in the third quarter. BlackRock Japan Co. Ltd now owns 10,656 shares of the real estate investment trust’s stock valued at $231,000 after buying an additional 978 shares in the last quarter. Finally, Highlander Capital Management LLC raised its stake in shares of American Homes 4 Rent by 4.7% in the third quarter. Highlander Capital Management LLC now owns 11,625 shares of the real estate investment trust’s stock valued at $252,000 after buying an additional 525 shares in the last quarter. Institutional investors and hedge funds own 97.20% of the company’s stock.

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American Homes 4 Rent Company Profile

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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