American Homes 4 Rent (NYSE:AMH) Chief Accounting Officer Brian Reitz sold 3,000 shares of the company's stock on February 26, 2024, according to a recent SEC filing. The transaction was executed at an average price of $35.54 per share, resulting in a total sale amount of $106,620.
American Homes 4 Rent is a real estate investment trust (REIT) focused on acquiring, renovating, leasing, and operating single-family homes as rental properties. The company is one of the largest owners of single-family rental homes in the United States, providing high-quality housing options in desirable neighborhoods.
Over the past year, Brian Reitz has sold a total of 4,800 shares of American Homes 4 Rent and has not made any purchases of the stock. The insider transaction history for the company shows a pattern of more sales than purchases among insiders, with 0 insider buys and 12 insider sells over the past year.
On the valuation front, American Homes 4 Rent's shares were trading at $35.54 on the day of the insider's recent sale, giving the company a market capitalization of $13.25 billion. The price-earnings ratio stands at 36.19, which is above the industry median of 16.63 but below the company's historical median price-earnings ratio.
With the current share price and a GuruFocus Value of $37.54, American Homes 4 Rent has a price-to-GF-Value ratio of 0.95, indicating that the stock is Fairly Valued based on its GF Value.
The GF Value is calculated considering historical trading multiples, a GuruFocus adjustment factor based on the company's past returns and growth, and future business performance estimates provided by Morningstar analysts.
The recent insider sell by the Chief Accounting Officer may provide investors with insight into the company's current valuation and insider sentiment. However, it is important to consider the broader context of the company's financial performance, market conditions, and other factors when evaluating the significance of insider transactions.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
