Insider Selling: American Homes 4 Rent (AMH) EVP Sells 1,600 Shares of Stock

American Homes 4 Rent (NYSE:AMH) EVP Stephanie G. Heim sold 1,600 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $23.87, for a total value of $38,192.00. Following the completion of the transaction, the executive vice president now directly owns 60,204 shares of the company’s stock, valued at approximately $1,437,069.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of AMH stock opened at $23.72 on Wednesday. American Homes 4 Rent has a one year low of $18.91 and a one year high of $24.45. The company has a market capitalization of $7.14 billion, a P/E ratio of 22.38, a P/E/G ratio of 2.18 and a beta of 0.74. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.49.

American Homes 4 Rent (NYSE:AMH) last announced its earnings results on Thursday, May 2nd. The real estate investment trust reported $0.05 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.21). American Homes 4 Rent had a net margin of 10.78% and a return on equity of 1.98%. The company had revenue of $279.20 million during the quarter, compared to the consensus estimate of $275.90 million. During the same quarter in the previous year, the company earned $0.24 earnings per share. The business’s revenue was up 8.2% on a year-over-year basis. As a group, sell-side analysts anticipate that American Homes 4 Rent will post 1.11 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.84%. The ex-dividend date is Thursday, June 13th. American Homes 4 Rent’s payout ratio is presently 18.87%.

Several research analysts have recently issued reports on AMH shares. Wells Fargo & Co reaffirmed a “hold” rating on shares of American Homes 4 Rent in a research note on Thursday, March 14th. Zacks Investment Research downgraded American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Monday, April 1st. ValuEngine cut American Homes 4 Rent from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Finally, Mizuho upgraded American Homes 4 Rent from a “neutral” rating to a “buy” rating and set a $24.00 target price on the stock in a report on Tuesday, February 26th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $24.00.

A number of hedge funds have recently made changes to their positions in the stock. Security Capital Research & Management Inc. boosted its holdings in American Homes 4 Rent by 2.1% in the first quarter. Security Capital Research & Management Inc. now owns 15,788,425 shares of the real estate investment trust’s stock valued at $358,713,000 after acquiring an additional 323,790 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of American Homes 4 Rent by 3.7% during the 1st quarter. Geode Capital Management LLC now owns 3,627,341 shares of the real estate investment trust’s stock worth $82,413,000 after buying an additional 128,688 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of American Homes 4 Rent by 7.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,266,140 shares of the real estate investment trust’s stock worth $74,207,000 after buying an additional 213,076 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of American Homes 4 Rent by 41.2% during the 1st quarter. Renaissance Technologies LLC now owns 586,057 shares of the real estate investment trust’s stock worth $13,315,000 after buying an additional 170,973 shares in the last quarter. Finally, Westpac Banking Corp boosted its holdings in shares of American Homes 4 Rent by 20.8% during the 1st quarter. Westpac Banking Corp now owns 478,934 shares of the real estate investment trust’s stock worth $10,881,000 after buying an additional 82,622 shares in the last quarter. Institutional investors and hedge funds own 88.04% of the company’s stock.

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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.

Further Reading: Momentum Investing

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

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