$260.62 Million in Sales Expected for American Homes 4 Rent (AMH) This Quarter

Wall Street brokerages expect that American Homes 4 Rent (NYSE:AMH) will post $260.62 million in sales for the current quarter, according to Zacks. Five analysts have made estimates for American Homes 4 Rent’s earnings. The lowest sales estimate is $257.73 million and the highest is $266.94 million. American Homes 4 Rent reported sales of $237.01 million during the same quarter last year, which indicates a positive year over year growth rate of 10%. The firm 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 sales of $1.05 billion for the current financial year, with estimates ranging from $1.02 billion to $1.08 billion. For the next fiscal year, analysts expect that the firm will report sales of $1.13 billion per share, with estimates ranging from $1.07 billion to $1.16 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover American Homes 4 Rent.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings results 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). American Homes 4 Rent had a net margin of 9.07% and a return on equity of 1.56%. The company had revenue of $258.00 million during the quarter, compared to analyst estimates of $251.72 million. During the same quarter in the prior year, the company posted $0.26 earnings per share. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis.

Several brokerages recently issued reports on AMH. Morgan Stanley lowered their price target on American Homes 4 Rent from $25.00 to $22.50 and set an “overweight” rating for the company in a report on Thursday, June 14th. ValuEngine raised shares of American Homes 4 Rent from a “sell” rating to a “hold” rating in a research report on Friday, June 8th. Robert W. Baird initiated coverage on shares of American Homes 4 Rent in a research report on Thursday, March 29th. They issued an “outperform” rating and a $23.00 price objective for the company. B. Riley initiated coverage on shares of American Homes 4 Rent in a research report on Monday, March 12th. They issued a “buy” rating and a $26.00 price objective for the company. Finally, Mizuho set a $23.00 price objective on shares of American Homes 4 Rent and gave the company a “buy” rating in a research report on Monday, March 19th. Two analysts have rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the stock. American Homes 4 Rent has an average rating of “Buy” and a consensus price target of $24.33.

In other news, EVP Christopher Lau sold 105,000 shares of the stock in a transaction dated Tuesday, May 8th. The shares were sold at an average price of $20.50, for a total transaction of $2,152,500.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director B Wayne Et Al Hughes purchased 19,320 shares of American Homes 4 Rent stock in a transaction dated Wednesday, May 9th. The shares were bought at an average cost of $20.70 per share, for a total transaction of $399,924.00. The disclosure for this purchase can be found here. Insiders have bought 913,099 shares of company stock worth $18,385,566 in the last ninety days. Corporate insiders own 26.52% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Amalgamated Bank lifted its position in shares of American Homes 4 Rent by 6.4% during the fourth quarter. Amalgamated Bank now owns 46,033 shares of the real estate investment trust’s stock worth $1,005,000 after purchasing an additional 2,754 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in shares of American Homes 4 Rent by 8.3% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 39,517 shares of the real estate investment trust’s stock worth $794,000 after purchasing an additional 3,038 shares during the last quarter. Rhumbline Advisers lifted its position in shares of American Homes 4 Rent by 1.2% during the fourth quarter. Rhumbline Advisers now owns 259,368 shares of the real estate investment trust’s stock worth $5,665,000 after purchasing an additional 3,053 shares during the last quarter. California State Teachers Retirement System lifted its position in shares of American Homes 4 Rent by 0.9% during the fourth quarter. California State Teachers Retirement System now owns 404,618 shares of the real estate investment trust’s stock worth $8,837,000 after purchasing an additional 3,476 shares during the last quarter. Finally, Reliance Trust Co. of Delaware lifted its position in shares of American Homes 4 Rent by 17.1% during the fourth quarter. Reliance Trust Co. of Delaware now owns 23,920 shares of the real estate investment trust’s stock worth $522,000 after purchasing an additional 3,499 shares during the last quarter. 85.48% of the stock is currently owned by institutional investors and hedge funds.

Shares of American Homes 4 Rent opened at $22.01 on Thursday, according to MarketBeat. American Homes 4 Rent has a 12-month low of $18.39 and a 12-month high of $23.23. The firm has a market capitalization of $6.51 billion, a P/E ratio of 21.58, a P/E/G ratio of 1.45 and a beta of 0.58. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.48 and a quick ratio of 1.48.

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 given a dividend of $0.05 per share. The ex-dividend date is Thursday, June 14th. This represents a $0.20 annualized dividend and a dividend yield of 0.91%. American Homes 4 Rent’s payout ratio is 19.61%.

About American Homes 4 Rent

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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