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LAS VEGAS—Reitz Brian, the Chief Accounting Officer of American Homes 4 Rent (NYSE:AMH), a $14.65 billion market cap residential REIT trading near its 52-week low of $34.01, recently sold 6,714 Class A common shares in a transaction dated February 24, 2025. The shares were sold at a price of $35.08 each, resulting in a total transaction value of $235,527. Following this sale, Brian holds approximately 26,010.3 shares, which includes 7,543 restricted share units. These restricted units grant him the contingent right to receive one Class A common share per unit. According to InvestingPro data, AMH maintains a strong dividend track record and currently shows a Good financial health score.
This transaction was disclosed in a Form 4 filing with the Securities and Exchange Commission, providing transparency to investors about insider activities within the company. For deeper insights into AMH’s valuation and comprehensive analysis, investors can access the detailed Pro Research Report available on InvestingPro.
In other recent news, American Homes 4 Rent reported its fourth-quarter 2024 earnings, surpassing analysts’ expectations with an earnings per share (EPS) of $0.33, which was significantly higher than the forecast of $0.16. However, the company’s revenue slightly missed expectations, coming in at $436.6 million compared to the anticipated $441.81 million. The company achieved a 6.6% growth in core funds from operations (FFO) per share for the quarter. Full-year net income for 2024 stood at $398.5 million, highlighting robust performance despite the revenue shortfall.
In terms of future guidance, American Homes 4 Rent expects core FFO per share for 2025 to be between $1.80 and $1.86, with plans to deliver approximately 2,300 homes. JMP Securities recently upgraded the company’s stock rating from Market Perform to Market Outperform, setting a new price target of $41.00, citing growth in Net Operating Income (NOI) as a key factor. The analyst from JMP Securities noted that the company’s performance remained steady despite challenges in the single-family rental sector.
Additionally, American Homes 4 Rent provided its initial core FFO guidance for 2025, with a midpoint of $1.83, aligning with JMP’s estimate. The company anticipates same home core revenue growth of 3.5% at the midpoint and aims for an occupancy rate in the low 96% range. These recent developments showcase the company’s strategic positioning and resilience in the current market conditions.
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