David Goldberg Sells 69,699 Shares of American Homes 4 Rent (AMH) Stock

American Homes 4 Rent (NYSE:AMH) Director David Goldberg sold 69,699 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $23.95, for a total value of $1,669,291.05. Following the completion of the sale, the director now directly owns 72,972 shares of the company’s stock, valued at approximately $1,747,679.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

David Goldberg also recently made the following trade(s):

  • On Tuesday, May 7th, David Goldberg sold 80,301 shares of American Homes 4 Rent stock. The stock was sold at an average price of $24.00, for a total value of $1,927,224.00.
  • On Thursday, February 28th, David Goldberg sold 74,586 shares of American Homes 4 Rent stock. The stock was sold at an average price of $22.06, for a total value of $1,645,367.16.

Shares of American Homes 4 Rent stock traded up $0.15 on Wednesday, reaching $23.87. 973,412 shares of the stock were exchanged, compared to its average volume of 2,172,231. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.49. American Homes 4 Rent has a twelve month low of $18.91 and a twelve month high of $24.45. The company has a market capitalization of $7.13 billion, a price-to-earnings ratio of 22.52, a price-to-earnings-growth ratio of 2.18 and a beta of 0.74.

American Homes 4 Rent (NYSE:AMH) last released its earnings results on Thursday, May 2nd. The real estate investment trust reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.21). American Homes 4 Rent had a return on equity of 1.98% and a net margin of 10.78%. The firm had revenue of $279.20 million for the quarter, compared to analyst estimates of $275.90 million. During the same period last year, the firm earned $0.24 EPS. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. Research analysts anticipate that American Homes 4 Rent will post 1.11 EPS for the current fiscal year.

The company 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 dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend is Thursday, June 13th. American Homes 4 Rent’s dividend payout ratio (DPR) is 18.87%.

A number of equities research analysts recently commented on the company. ValuEngine raised American Homes 4 Rent from a “hold” rating to a “buy” rating in a report on Friday, March 15th. Mizuho raised American Homes 4 Rent from a “neutral” rating to a “buy” rating and set a $24.00 target price for the company in a report on Tuesday, February 26th. Zacks Investment Research downgraded American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Monday, February 4th. Finally, Wells Fargo & Co reaffirmed a “hold” rating on shares of American Homes 4 Rent in a report on Thursday, March 14th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. American Homes 4 Rent currently has a consensus rating of “Buy” and an average price target of $24.43.

A number of hedge funds have recently made changes to their positions in the stock. Goldman Sachs Group Inc. raised its position in American Homes 4 Rent by 0.8% during the first quarter. Goldman Sachs Group Inc. now owns 3,158,728 shares of the real estate investment trust’s stock valued at $71,766,000 after acquiring an additional 23,941 shares in the last quarter. Ellington Management Group LLC purchased a new position in American Homes 4 Rent during the first quarter valued at approximately $366,000. Utah Retirement Systems raised its position in American Homes 4 Rent by 3.4% during the first quarter. Utah Retirement Systems now owns 55,771 shares of the real estate investment trust’s stock valued at $1,267,000 after acquiring an additional 1,839 shares in the last quarter. Skandinaviska Enskilda Banken AB publ raised its position in American Homes 4 Rent by 9.9% during the first quarter. Skandinaviska Enskilda Banken AB publ now owns 63,100 shares of the real estate investment trust’s stock valued at $1,434,000 after acquiring an additional 5,700 shares in the last quarter. Finally, Altshuler Shaham Ltd raised its position in American Homes 4 Rent by 47.6% during the first quarter. Altshuler Shaham Ltd now owns 1,951 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 629 shares in the last quarter. Institutional investors 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.

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