American Homes 4 Rent (NYSE:AMH) Director Tamara Hughes Gustavson bought 355,998 shares of American Homes 4 Rent stock in a transaction dated Tuesday, November 13th. The shares were acquired at an average cost of $20.48 per share, for a total transaction of $7,290,839.04. Following the completion of the purchase, the director now directly owns 16,869,998 shares of the company’s stock, valued at approximately $345,497,559.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Tamara Hughes Gustavson also recently made the following trade(s):

  • On Friday, November 23rd, Tamara Hughes Gustavson bought 379,400 shares of American Homes 4 Rent stock. The shares were acquired at an average cost of $19.78 per share, for a total transaction of $7,504,532.00.
  • On Friday, November 16th, Tamara Hughes Gustavson bought 308,844 shares of American Homes 4 Rent stock. The shares were acquired at an average cost of $20.03 per share, for a total transaction of $6,186,145.32.
  • On Wednesday, September 5th, Tamara Hughes Gustavson bought 217,000 shares of American Homes 4 Rent stock. The shares were acquired at an average cost of $22.93 per share, for a total transaction of $4,975,810.00.

American Homes 4 Rent stock traded down $0.12 during mid-day trading on Friday, reaching $20.94. 1,663,492 shares of the stock traded hands, compared to its average volume of 1,708,942. The stock has a market cap of $6.24 billion, a PE ratio of 20.53, a price-to-earnings-growth ratio of 1.56 and a beta of 0.60. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.99 and a current ratio of 0.99. 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 quarterly earnings data on Thursday, November 1st. The real estate investment trust reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.22). The firm had revenue of $280.10 million for the quarter, compared to analysts’ expectations of $270.24 million. American Homes 4 Rent had a net margin of 10.70% and a return on equity of 1.90%. The firm’s revenue was up 13.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.25 EPS. As a group, sell-side analysts predict that American Homes 4 Rent will post 1.07 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Friday, December 14th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date is Thursday, December 13th. American Homes 4 Rent’s payout ratio is 19.61%.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of American Homes 4 Rent by 3.4% during the third quarter. Vanguard Group Inc. now owns 37,392,589 shares of the real estate investment trust’s stock worth $818,524,000 after purchasing an additional 1,212,586 shares in the last quarter. BlackRock Inc. grew its position in shares of American Homes 4 Rent by 1.8% during the third quarter. BlackRock Inc. now owns 19,553,235 shares of the real estate investment trust’s stock worth $428,020,000 after purchasing an additional 340,190 shares in the last quarter. Centersquare Investment Management LLC grew its position in shares of American Homes 4 Rent by 16.1% during the second quarter. Centersquare Investment Management LLC now owns 9,407,763 shares of the real estate investment trust’s stock worth $208,664,000 after purchasing an additional 1,303,923 shares in the last quarter. CI Investments Inc. grew its position in shares of American Homes 4 Rent by 0.7% during the third quarter. CI Investments Inc. now owns 7,238,968 shares of the real estate investment trust’s stock worth $158,461,000 after purchasing an additional 51,651 shares in the last quarter. Finally, Clearbridge Investments LLC grew its position in shares of American Homes 4 Rent by 33.0% during the third quarter. Clearbridge Investments LLC now owns 6,250,642 shares of the real estate investment trust’s stock worth $136,827,000 after purchasing an additional 1,552,160 shares in the last quarter. Institutional investors and hedge funds own 88.10% of the company’s stock.

Several brokerages recently weighed in on AMH. Zacks Investment Research cut American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Thursday, November 29th. JPMorgan Chase & Co. dropped their target price on American Homes 4 Rent from $26.00 to $25.00 and set an “overweight” rating on the stock in a report on Wednesday, November 14th. Goldman Sachs Group raised 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 Monday, November 26th. Morgan Stanley downgraded American Homes 4 Rent from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $22.50 to $21.00 in a report on Thursday, November 15th. Finally, Mizuho downgraded American Homes 4 Rent from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $24.00 to $22.00 in a report on Wednesday, November 14th. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $23.75.

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About American Homes 4 Rent

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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