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American Homes 4 Rent repurchases $75.9M worth of shares in Q1

American Homes4 Rent repurchased and retired 4.9 million of its class A commonshares during the first quarter.

The shares were repurchased at a weighted-average price of $15.40apiece and for a total price of $75.9 million, the company disclosed in itsearnings release.

In April, it repurchased and retired 1.3 million of itsclass A common shares at a weighted-average price of $15.59 apiece for a totalof $20.0 million.