American Homes 4 Rent (AMH) Director Buys $29,968,848.00 in Stock

American Homes 4 Rent (NYSE:AMH) Director B Wayne Et Al Hughes acquired 1,372,200 shares of the stock in a transaction on Thursday, September 14th. The stock was bought at an average cost of $21.84 per share, with a total value of $29,968,848.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of American Homes 4 Rent (NYSE AMH) opened at 22.14 on Friday. The firm has a 50-day moving average of $22.38 and a 200 day moving average of $22.71. The stock’s market capitalization is $5.76 billion. American Homes 4 Rent has a 52-week low of $19.63 and a 52-week high of $23.98.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.04). American Homes 4 Rent had a net margin of 3.82% and a return on equity of 0.70%. The company had revenue of $237.00 million for the quarter, compared to analyst estimates of $236.28 million. During the same quarter in the prior year, the business earned $0.25 earnings per share. American Homes 4 Rent’s revenue was up 7.6% on a year-over-year basis. Equities research analysts forecast that American Homes 4 Rent will post $0.05 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend is Thursday, September 14th. American Homes 4 Rent’s dividend payout ratio is presently -181.82%.

TRADEMARK VIOLATION WARNING: “American Homes 4 Rent (AMH) Director Buys $29,968,848.00 in Stock” was originally reported by Chaffey Breeze and is owned by of Chaffey Breeze. If you are viewing this article on another publication, it was stolen and republished in violation of US and international trademark and copyright laws. The correct version of this article can be viewed at https://www.chaffeybreeze.com/2017/09/17/american-homes-4-rent-amh-director-buys-29968848-00-in-stock.html.

Several institutional investors and hedge funds have recently made changes to their positions in AMH. FNY Partners Fund LP purchased a new position in shares of American Homes 4 Rent in the first quarter valued at approximately $114,000. PNC Financial Services Group Inc. boosted its stake in shares of American Homes 4 Rent by 169.5% in the first quarter. PNC Financial Services Group Inc. now owns 5,442 shares of the real estate investment trust’s stock valued at $125,000 after purchasing an additional 3,423 shares during the period. Public Employees Retirement Association of Colorado boosted its stake in shares of American Homes 4 Rent by 35.0% in the second quarter. Public Employees Retirement Association of Colorado now owns 7,125 shares of the real estate investment trust’s stock valued at $161,000 after purchasing an additional 1,848 shares during the period. The Manufacturers Life Insurance Company boosted its stake in shares of American Homes 4 Rent by 7.7% in the second quarter. The Manufacturers Life Insurance Company now owns 7,247 shares of the real estate investment trust’s stock valued at $164,000 after purchasing an additional 515 shares during the period. Finally, Teza Capital Management LLC purchased a new position in shares of American Homes 4 Rent in the first quarter valued at approximately $202,000. Institutional investors and hedge funds own 93.74% of the company’s stock.

Several equities research analysts have issued reports on AMH shares. TheStreet raised shares of American Homes 4 Rent from a “c” rating to a “b” rating in a research report on Friday, August 4th. BidaskClub raised shares of American Homes 4 Rent from a “hold” rating to a “buy” rating in a research report on Saturday, June 24th. FBR & Co reissued a “buy” rating on shares of American Homes 4 Rent in a research report on Wednesday, May 24th. Mizuho raised shares of American Homes 4 Rent from a “neutral” rating to a “buy” rating and set a $25.50 price objective for the company in a research report on Monday, July 10th. Finally, Zacks Investment Research raised shares of American Homes 4 Rent from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. American Homes 4 Rent has an average rating of “Hold” and an average target price of $24.83.

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.

Insider Buying and Selling by Quarter for American Homes 4 Rent (NYSE:AMH)

Receive News & Ratings for American Homes 4 Rent Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Homes 4 Rent and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply