American Homes 4 Rent (AMH) Director B Wayne Et Al Hughes Acquires 991,100 Shares

American Homes 4 Rent (NYSE:AMH) Director B Wayne Et Al Hughes purchased 991,100 shares of American Homes 4 Rent stock in a transaction that occurred on Thursday, November 8th. The stock was purchased at an average price of $20.18 per share, with a total value of $20,000,398.00. Following the transaction, the director now owns 16,869,998 shares in the company, valued at approximately $340,436,559.64. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

B Wayne Et Al Hughes also recently made the following trade(s):

  • On Tuesday, November 20th, B Wayne Et Al Hughes purchased 144,137 shares of American Homes 4 Rent stock. The stock was purchased at an average price of $19.71 per share, with a total value of $2,840,940.27.
  • On Tuesday, November 6th, B Wayne Et Al Hughes purchased 200,000 shares of American Homes 4 Rent stock. The stock was purchased at an average price of $19.91 per share, with a total value of $3,982,000.00.

Shares of AMH traded up $0.07 during mid-day trading on Monday, hitting $20.90. 1,709,300 shares of the company’s stock were exchanged, compared to its average volume of 2,170,155. American Homes 4 Rent has a twelve month low of $18.39 and a twelve month high of $23.34. The firm has a market cap of $6.18 billion, a price-to-earnings ratio of 20.49, a price-to-earnings-growth ratio of 1.54 and a beta of 0.60. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.45.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings results on Thursday, November 1st. The real estate investment trust reported $0.05 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.22). American Homes 4 Rent had a return on equity of 1.90% and a net margin of 10.70%. The business had revenue of $280.10 million for the quarter, compared to analyst estimates of $270.24 million. During the same quarter last year, the company earned $0.25 EPS. The business’s revenue for the quarter was up 13.5% compared to the same quarter last year. As a group, research analysts predict that American Homes 4 Rent will post 1.07 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Friday, December 14th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $0.20 annualized dividend and a dividend yield of 0.96%. American Homes 4 Rent’s dividend payout ratio (DPR) is 19.61%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Qube Research & Technologies Ltd acquired a new position in American Homes 4 Rent in the 2nd quarter valued at $123,000. US Bancorp DE grew its stake in American Homes 4 Rent by 75.6% in the 2nd quarter. US Bancorp DE now owns 7,041 shares of the real estate investment trust’s stock valued at $156,000 after buying an additional 3,032 shares during the last quarter. Rehmann Capital Advisory Group grew its stake in American Homes 4 Rent by 3,499.0% in the 3rd quarter. Rehmann Capital Advisory Group now owns 3,743 shares of the real estate investment trust’s stock valued at $171,000 after buying an additional 3,639 shares during the last quarter. First Hawaiian Bank acquired a new position in American Homes 4 Rent in the 3rd quarter valued at $187,000. Finally, Tower Research Capital LLC TRC acquired a new position in American Homes 4 Rent in the 2nd quarter valued at $209,000. Institutional investors own 88.10% of the company’s stock.

A number of research firms have issued reports on AMH. Zacks Investment Research downgraded shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Thursday. Raymond James downgraded shares of American Homes 4 Rent from a “strong-buy” rating to an “outperform” rating in a research report on Monday, November 19th. Goldman Sachs Group upgraded shares of American Homes 4 Rent from a “neutral” rating to a “buy” rating and set a $24.00 target price for the company in a research report on Monday, November 26th. BTIG Research set a $25.00 target price on shares of American Homes 4 Rent and gave the stock a “buy” rating in a research report on Monday, November 5th. Finally, Wells Fargo & Co increased their target price on shares of American Homes 4 Rent from $22.00 to $24.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 28th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the stock. American Homes 4 Rent has a consensus rating of “Buy” and an average target price of $23.83.

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American Homes 4 Rent Company Profile

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, renovating, leasing, and operating attractive, single-family homes as rental properties.

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