American Homes 4 Rent (AMH) Sees Strong Trading Volume Following Insider Buying Activity

Shares of American Homes 4 Rent (NYSE:AMH) saw strong trading volume on Thursday after an insider bought additional shares in the company. 9,115,920 shares traded hands during mid-day trading, an increase of 366% from the previous session’s volume of 1,957,880 shares.The stock last traded at $23.50 and had previously closed at $23.23.

Specifically, Director B Wayne Et Al Hughes bought 2,192,982 shares of the stock in a transaction that occurred on Wednesday, March 22nd. The stock was purchased at an average cost of $22.80 per share, for a total transaction of $49,999,989.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 23.31% of the company’s stock.

AMH has been the subject of several research reports. Zacks Investment Research upgraded shares of American Homes 4 Rent from a “sell” rating to a “hold” rating in a research note on Monday. FBR & Co reiterated a “buy” rating on shares of American Homes 4 Rent in a research note on Thursday, April 13th. Mizuho started coverage on shares of American Homes 4 Rent in a report on Wednesday, February 8th. They issued a “neutral” rating and a $23.00 price target on the stock. Finally, Credit Suisse Group AG started coverage on shares of American Homes 4 Rent in a report on Monday, February 27th. They issued a “neutral” rating and a $24.00 price target on the stock. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $23.71.

The stock’s market capitalization is $5.75 billion. The company has a 50-day moving average of $23.13 and a 200-day moving average of $21.72.

American Homes 4 Rent (NYSE:AMH) last released its earnings results on Thursday, February 23rd. The real estate investment trust reported $0.26 EPS for the quarter, hitting the consensus estimate of $0.26. American Homes 4 Rent had a negative return on equity of 0.45% and a negative net margin of 2.47%. The business earned $227.60 million during the quarter, compared to analysts’ expectations of $230.19 million. During the same quarter last year, the firm posted $0.21 earnings per share. The firm’s revenue was up 31.9% on a year-over-year basis. Equities research analysts expect that American Homes 4 Rent will post $0.05 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 31st. Investors of record on Wednesday, March 15th were paid a dividend of $0.05 per share. The ex-dividend date was Monday, March 13th. This represents a $0.20 annualized dividend and a yield of 0.85%. American Homes 4 Rent’s dividend payout ratio is currently -80.00%.

A number of large investors have recently added to or reduced their stakes in AMH. Nisa Investment Advisors LLC boosted its stake in American Homes 4 Rent by 13.2% in the third quarter. Nisa Investment Advisors LLC now owns 15,000 shares of the real estate investment trust’s stock valued at $325,000 after buying an additional 1,751 shares in the last quarter. Nationwide Fund Advisors boosted its stake in American Homes 4 Rent by 19.5% in the third quarter. Nationwide Fund Advisors now owns 582,619 shares of the real estate investment trust’s stock valued at $12,608,000 after buying an additional 95,055 shares in the last quarter. California Public Employees Retirement System boosted its stake in American Homes 4 Rent by 1.2% in the third quarter. California Public Employees Retirement System now owns 440,744 shares of the real estate investment trust’s stock valued at $9,538,000 after buying an additional 5,100 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in American Homes 4 Rent by 16.0% in the third quarter. State of Alaska Department of Revenue now owns 85,970 shares of the real estate investment trust’s stock valued at $1,860,000 after buying an additional 11,860 shares in the last quarter. Finally, K.J. Harrison & Partners Inc acquired a new stake in American Homes 4 Rent during the third quarter valued at approximately $433,000. 97.20% of the stock is owned by institutional investors and hedge funds.

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About American Homes 4 Rent

American Homes 4 Rent is an internally managed real estate investment trust (REIT) focused on acquiring, renovating, leasing and operating single-family homes as rental properties. The Company’s primary objective is to generate attractive risk-adjusted returns for its shareholders through dividends and capital appreciation by acquiring, renovating, leasing and operating single-family homes as rental properties.

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