American Homes 4 Rent (AMH): Jack E Corrigan , Chief Operating Officer of American Homes 4 Rent sold 1,000 shares on Jun 2, 2016. The Insider selling transaction was reported by the company on Jun 2, 2016 to the Securities and Exchange Commission. The shares were sold at $26.50 per share for a total value of $26,500.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 4, 2016, David P. Singelyn (director officer 10% owner (Chief Executive Offic) purchased 7,019 shares at $25.47 per share price.On Jan 21, 2016, David Goldberg (Executive Vice President) purchased 2,000 shares at $24.89 per share price.Also, On Nov 13, 2015, Bryan Smith (Executive Vice President) purchased 209 shares at $17.30 per share price.On Aug 27, 2015, B Wayne Et Al Hughes (director) purchased 4,000,000 shares at $15.53 per share price.
American Homes 4 Rent: On Wednesday, Jun 1, 2016 heightened volatility was witnessed in American Homes 4 Rent which led to swings in the share price. The shares opened for trading at $18.33 and hit $18.5 on the upside , eventually ending the session at $18.44, with a gain of 0.55% or 0.1 points. The heightened volatility saw the trading volume jump to 20,61,956 shares. The 52-week high of the share price is $18.81 and the company has a market cap of $4,394 M . The 52-week low of the share price is at $13.16.
On May 3, 2016, American Homes 4 Rent announced a cash dividend of $0.0500. The company’s management has announced Jun 13, 2016 as the ex-dividend date and fixed the record date on Jun 15, 2016. The payable date has been fixed on Jun 30, 2016.
Company has been under the radar of several Street Analysts.American Homes 4 Rent is Downgraded by Keefe Bruyette to Mkt Perform. Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Mar 9, 2016.American Homes 4 Rent is Reiterated by FBR Capital to Outperform and the brokerage firm has raised the Price Target to $ 18 from a previous price target of $17 .The Rating was issued on Mar 9, 2016.
American Homes 4 Rent is an internally managed real estate investment trust (REIT). The Company focuses on acquiring renovating leasing and operating single-family homes as rental properties. The Company has an integrated operating platform that consists of personnel engaged in property management acquisitions construction marketing leasing financial and administrative functions. As of December 31 2014 the Company’s entire portfolio of single-family properties was internally managed through its property management platform. The Company’s single-family properties include Dallas-Fort Worth Texas; Indianapolis Indiana; Atlanta Georgia; Charlotte North Carolina; Greater Chicago area Illinois and Indiana; Cincinnati Ohio; Houston Texas; Tampa Florida; Phoenix Arizona and Jacksonville Florida among others.