American Homes 4 Rent (NYSE:AMH) Director B Wayne Et Al Hughes acquired 991,100 shares of the stock in a transaction that occurred on Thursday, November 8th. The shares were bought at an average cost of $20.18 per share, for a total transaction of $20,000,398.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
B Wayne Et Al Hughes also recently made the following trade(s):
- On Tuesday, November 6th, B Wayne Et Al Hughes acquired 200,000 shares of American Homes 4 Rent stock. The shares were bought at an average cost of $19.91 per share, for a total transaction of $3,982,000.00.
NYSE AMH opened at $20.52 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.99 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $5.89 billion, a price-to-earnings ratio of 20.12, a price-to-earnings-growth ratio of 1.37 and a beta of 0.62. American Homes 4 Rent has a 12-month low of $18.39 and a 12-month high of $23.34.
American Homes 4 Rent (NYSE:AMH) last posted its earnings results on Thursday, November 1st. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.22). The business had revenue of $280.10 million during the quarter, compared to analyst estimates of $270.24 million. American Homes 4 Rent had a net margin of 10.70% and a return on equity of 1.90%. American Homes 4 Rent’s revenue was up 13.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.25 earnings per share. As a group, analysts anticipate that American Homes 4 Rent will post 1.08 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Friday, December 14th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend is Thursday, December 13th. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 19.61%.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Qube Research & Technologies Ltd acquired a new stake in American Homes 4 Rent in the second quarter valued at approximately $123,000. US Bancorp DE lifted its stake in shares of American Homes 4 Rent by 75.6% in the second quarter. US Bancorp DE now owns 7,041 shares of the real estate investment trust’s stock worth $156,000 after buying an additional 3,032 shares during the last quarter. First Hawaiian Bank acquired a new stake in shares of American Homes 4 Rent in the third quarter worth $187,000. Tower Research Capital LLC TRC acquired a new stake in shares of American Homes 4 Rent in the second quarter worth $209,000. Finally, OppenheimerFunds Inc. acquired a new stake in shares of American Homes 4 Rent in the second quarter worth $225,000. Hedge funds and other institutional investors own 88.91% of the company’s stock.
A number of research analysts recently commented on AMH shares. 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 23rd. Zelman & Associates downgraded shares of American Homes 4 Rent from a “buy” rating to a “hold” rating in a research report on Monday, July 30th. Mizuho set a $25.00 price objective on shares of American Homes 4 Rent and gave the company a “buy” rating in a research report on Friday, August 3rd. Wells Fargo & Co boosted their price objective on shares of American Homes 4 Rent from $22.00 to $24.00 and gave the company a “market perform” rating in a research report on Tuesday, August 28th. Finally, BTIG Research set a $25.00 price objective on shares of American Homes 4 Rent and gave the company a “buy” rating in a research report on Monday, November 5th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company’s stock. American Homes 4 Rent currently has an average rating of “Buy” and an average target price of $24.50.
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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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