American Homes 4 Rent (AMH) EVP Stephanie G. Heim Sells 1,600 Shares

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

NYSE AMH traded up $0.18 on Thursday, reaching $24.05. The stock had a trading volume of 14,530 shares, compared to its average volume of 2,172,231. 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 has a 12-month low of $18.91 and a 12-month high of $24.45. The stock has a market cap of $7.13 billion, a P/E ratio of 22.69, a P/E/G ratio of 2.18 and a beta of 0.74.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported $0.05 earnings per share for the quarter, missing the Zacks’ 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 firm had revenue of $279.20 million during the quarter, compared to analysts’ expectations of $275.90 million. During the same quarter in the prior year, the firm posted $0.24 EPS. American Homes 4 Rent’s quarterly revenue was up 8.2% compared to the same quarter last year. As a group, research analysts predict that American Homes 4 Rent will post 1.11 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date is Thursday, June 13th. American Homes 4 Rent’s dividend payout ratio is currently 18.87%.

Hedge funds and other institutional investors have recently modified their holdings of the business. Altshuler Shaham Ltd lifted its stake in American Homes 4 Rent by 47.6% in the first quarter. Altshuler Shaham Ltd now owns 1,951 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 629 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in American Homes 4 Rent by 130.3% in the first quarter. Quadrant Capital Group LLC now owns 3,986 shares of the real estate investment trust’s stock valued at $87,000 after buying an additional 2,255 shares during the last quarter. Penserra Capital Management LLC purchased a new stake in American Homes 4 Rent in the first quarter valued at approximately $102,000. Solstein Capital LLC purchased a new stake in American Homes 4 Rent in the first quarter valued at approximately $136,000. Finally, Ladenburg Thalmann Financial Services Inc. lifted its stake in American Homes 4 Rent by 161.1% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,235 shares of the real estate investment trust’s stock valued at $141,000 after buying an additional 3,847 shares during the last quarter. Institutional investors own 88.04% of the company’s stock.

Several equities research analysts recently weighed in on the company. ValuEngine upgraded American Homes 4 Rent from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st. BTIG Research set a $26.00 target price on American Homes 4 Rent and gave the stock a “buy” rating in a research note on Tuesday. Zacks Investment Research upgraded American Homes 4 Rent from a “sell” rating to a “hold” rating and set a $27.00 target price for the company in a research note on Tuesday. Finally, Wells Fargo & Co restated a “hold” rating on shares of American Homes 4 Rent in a research note on Thursday, March 14th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $24.43.

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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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