$0.27 EPS Expected for American Homes 4 Rent (AMH) This Quarter

Analysts predict that American Homes 4 Rent (NYSE:AMH) will report $0.27 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for American Homes 4 Rent’s earnings, with estimates ranging from $0.26 to $0.28. American Homes 4 Rent posted earnings of $0.26 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 3.8%. The business is scheduled to issue its next quarterly earnings results on Thursday, August 2nd.

According to Zacks, analysts expect that American Homes 4 Rent will report full year earnings of $1.11 per share for the current year, with EPS estimates ranging from $1.08 to $1.15. For the next financial year, analysts expect that the firm will post earnings of $1.25 per share, with EPS estimates ranging from $1.19 to $1.30. Zacks’ earnings per share calculations are an average based on a survey of research firms that follow American Homes 4 Rent.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings data on Thursday, May 3rd. The real estate investment trust reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.01). The firm had revenue of $258.00 million for the quarter, compared to analyst estimates of $251.72 million. American Homes 4 Rent had a return on equity of 1.56% and a net margin of 9.07%. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.26 earnings per share.

Several brokerages recently issued reports on AMH. Robert W. Baird began coverage on American Homes 4 Rent in a report on Thursday, March 29th. They set an “outperform” rating and a $23.00 price objective for the company. ValuEngine cut American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Thursday, May 17th. B. Riley began coverage on American Homes 4 Rent in a report on Monday, March 12th. They set a “buy” rating and a $26.00 price objective for the company. Mizuho set a $23.00 price objective on American Homes 4 Rent and gave the stock a “buy” rating in a report on Monday, March 19th. Finally, BTIG Research reduced their price objective on American Homes 4 Rent from $26.00 to $23.00 and set a “buy” rating for the company in a report on Monday, February 26th. Three analysts have rated the stock with a sell rating and nine have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $24.56.

Shares of American Homes 4 Rent opened at $19.59 on Wednesday, Marketbeat Ratings reports. The firm has a market cap of $5.85 billion, a P/E ratio of 19.21, a PEG ratio of 1.30 and a beta of 0.59. American Homes 4 Rent has a 1 year low of $18.39 and a 1 year high of $23.23. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.48.

American Homes 4 Rent declared that its board has authorized a share buyback program on Thursday, February 22nd that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the real estate investment trust to repurchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 2nd. Stockholders of record on Friday, June 15th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.02%. American Homes 4 Rent’s dividend payout ratio (DPR) is 19.61%.

In related news, Director B Wayne Et Al Hughes purchased 242,223 shares of the business’s stock in a transaction dated Monday, May 14th. The stock was bought at an average cost of $20.64 per share, with a total value of $4,999,482.72. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Tamara Hughes Gustavson purchased 507,614 shares of the business’s stock in a transaction dated Friday, May 18th. The stock was bought at an average cost of $19.70 per share, with a total value of $9,999,995.80. Following the completion of the acquisition, the director now owns 15,586,898 shares of the company’s stock, valued at $307,061,890.60. The disclosure for this purchase can be found here. Over the last three months, insiders bought 769,999 shares of company stock valued at $15,418,516. Insiders own 26.52% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AMH. Amalgamated Bank increased its stake in American Homes 4 Rent by 6.4% in the fourth quarter. Amalgamated Bank now owns 46,033 shares of the real estate investment trust’s stock valued at $1,005,000 after purchasing an additional 2,754 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in American Homes 4 Rent by 8.3% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 36,479 shares of the real estate investment trust’s stock valued at $784,000 after purchasing an additional 2,800 shares during the last quarter. Rhumbline Advisers increased its stake in American Homes 4 Rent by 1.2% in the fourth quarter. Rhumbline Advisers now owns 259,368 shares of the real estate investment trust’s stock valued at $5,665,000 after purchasing an additional 3,053 shares during the last quarter. California State Teachers Retirement System increased its stake in American Homes 4 Rent by 0.9% in the fourth quarter. California State Teachers Retirement System now owns 404,618 shares of the real estate investment trust’s stock valued at $8,837,000 after purchasing an additional 3,476 shares during the last quarter. Finally, Reliance Trust Co. of Delaware increased its stake in American Homes 4 Rent by 17.1% in the fourth quarter. Reliance Trust Co. of Delaware now owns 23,920 shares of the real estate investment trust’s stock valued at $522,000 after purchasing an additional 3,499 shares during the last quarter. 85.74% of the stock is owned by institutional investors.

American Homes 4 Rent Company Profile

American Homes 4 Rent (NYSE: AMH) is a leader in the single-family home rental industry and "American Homes 4 Rent" is fast becoming a nationally recognized brand for rental homes, known for high quality, good value and tenant satisfaction. We are an internally managed Maryland real estate investment trust, or REIT, focused on acquiring, renovating, leasing, and operating attractive, single-family homes as rental properties.

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Earnings History and Estimates for American Homes 4 Rent (NYSE:AMH)

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