American Homes 4 Rent (NYSE:AMH) Director Douglas N. Benham Purchases 546 Shares

American Homes 4 Rent (NYSE:AMHGet Rating) Director Douglas N. Benham purchased 546 shares of American Homes 4 Rent stock in a transaction dated Wednesday, May 24th. The stock was bought at an average price of $24.25 per share, with a total value of $13,240.50. Following the completion of the purchase, the director now directly owns 26,597 shares of the company’s stock, valued at $644,977.25. The purchase was disclosed in a legal filing with the SEC, which is available through this link.

American Homes 4 Rent Price Performance

Shares of AMH stock traded up $0.06 during mid-day trading on Friday, hitting $33.21. The company had a trading volume of 80,116 shares, compared to its average volume of 2,184,357. American Homes 4 Rent has a 52-week low of $28.78 and a 52-week high of $38.94. The stock’s 50 day moving average price is $32.56 and its 200-day moving average price is $32.17. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.88 and a quick ratio of 0.88. The company has a market capitalization of $12.01 billion, a P/E ratio of 38.10, a P/E/G ratio of 2.98 and a beta of 0.67.

American Homes 4 Rent Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Thursday, June 15th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.65%. The ex-dividend date of this dividend is Wednesday, June 14th. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 101.15%.

Hedge Funds Weigh In On American Homes 4 Rent

Several hedge funds have recently modified their holdings of AMH. MetLife Investment Management LLC bought a new stake in American Homes 4 Rent in the first quarter worth $236,000. Great West Life Assurance Co. Can increased its position in American Homes 4 Rent by 5.6% in the first quarter. Great West Life Assurance Co. Can now owns 255,574 shares of the real estate investment trust’s stock worth $10,631,000 after purchasing an additional 13,647 shares during the last quarter. Yousif Capital Management LLC increased its position in American Homes 4 Rent by 5.1% in the first quarter. Yousif Capital Management LLC now owns 15,912 shares of the real estate investment trust’s stock worth $637,000 after purchasing an additional 767 shares during the last quarter. Dimensional Fund Advisors LP increased its position in American Homes 4 Rent by 3.0% in the first quarter. Dimensional Fund Advisors LP now owns 4,597,311 shares of the real estate investment trust’s stock worth $184,037,000 after purchasing an additional 134,931 shares during the last quarter. Finally, Sei Investments Co. increased its position in American Homes 4 Rent by 16.3% in the first quarter. Sei Investments Co. now owns 244,953 shares of the real estate investment trust’s stock worth $9,809,000 after purchasing an additional 34,401 shares during the last quarter. Hedge funds and other institutional investors own 84.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on AMH shares. Mizuho raised their price objective on shares of American Homes 4 Rent from $33.00 to $37.00 in a report on Friday, May 19th. Royal Bank of Canada dropped their price objective on shares of American Homes 4 Rent from $37.00 to $36.00 and set an “outperform” rating on the stock in a report on Monday, February 27th. Oppenheimer reissued a “market perform” rating and issued a $31.00 price objective on shares of American Homes 4 Rent in a report on Monday, March 6th. Wells Fargo & Company started coverage on shares of American Homes 4 Rent in a report on Wednesday, March 29th. They issued an “equal weight” rating and a $31.00 price objective on the stock. Finally, Barclays raised their price objective on shares of American Homes 4 Rent from $37.00 to $38.00 and gave the stock an “overweight” rating in a report on Wednesday, March 15th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $36.62.

About American Homes 4 Rent

(Get Rating)

American Homes 4 Rent operates as a real estate investment trust. It engages in the acquisition, renovation, leasing, and operating of single-family homes as rental properties. The company was founded by Bradley Wayne Hughes, Sr. on October 19, 2012 and is headquartered in Las Vegas, NV.

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