Wall Street brokerages expect American Homes 4 Rent (NYSE:AMH) to announce sales of $269.61 million for the current quarter, Zacks reports. Five analysts have issued estimates for American Homes 4 Rent’s earnings, with the lowest sales estimate coming in at $259.43 million and the highest estimate coming in at $275.33 million. American Homes 4 Rent posted sales of $242.80 million during the same quarter last year, which suggests a positive year over year growth rate of 11%. The business is expected to report its next earnings report on Thursday, February 28th.
On average, analysts expect that American Homes 4 Rent will report full-year sales of $1.06 billion for the current financial year, with estimates ranging from $1.05 billion to $1.07 billion. For the next year, analysts expect that the company will post sales of $1.13 billion, with estimates ranging from $1.08 billion to $1.17 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow American Homes 4 Rent.
American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings data on Thursday, November 1st. The real estate investment trust reported $0.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.22). American Homes 4 Rent had a return on equity of 1.76% and a net margin of 10.20%. The firm had revenue of $280.10 million during the quarter, compared to analyst estimates of $270.24 million. During the same quarter in the previous year, the firm posted $0.25 earnings per share. American Homes 4 Rent’s quarterly revenue was up 13.5% compared to the same quarter last year.
A number of analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of American Homes 4 Rent from a “sell” rating to a “hold” rating in a research note on Monday, July 23rd. Mizuho set a $25.00 target price on shares of American Homes 4 Rent and gave the stock a “buy” rating in a research report on Friday, August 3rd. Wells Fargo & Co boosted their target price on shares of American Homes 4 Rent from $22.00 to $24.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 28th. Finally, Zelman & Associates lowered shares of American Homes 4 Rent from a “buy” rating to a “hold” rating in a research report on Monday, July 30th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. American Homes 4 Rent has a consensus rating of “Buy” and a consensus target price of $24.25.
In other American Homes 4 Rent news, Director Douglas N. Benham purchased 2,000 shares of the stock in a transaction on Wednesday, October 10th. The shares were purchased at an average price of $23.73 per share, with a total value of $47,460.00. Following the acquisition, the director now directly owns 8,000 shares of the company’s stock, valued at approximately $189,840. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Stephanie G. Heim sold 25,100 shares of the business’s stock in a transaction on Monday, August 20th. The shares were sold at an average price of $23.00, for a total transaction of $577,300.00. Following the completion of the sale, the director now directly owns 62,876 shares in the company, valued at approximately $1,446,148. The disclosure for this sale can be found here. Insiders sold a total of 150,000 shares of company stock worth $3,450,000 in the last three months. Insiders own 27.82% of the company’s stock.
A number of institutional investors have recently made changes to their positions in AMH. Qube Research & Technologies Ltd bought a new stake in shares of American Homes 4 Rent in the 2nd quarter worth about $123,000. US Bancorp DE grew its holdings in shares of American Homes 4 Rent by 75.6% in the 2nd quarter. US Bancorp DE now owns 7,041 shares of the real estate investment trust’s stock worth $156,000 after purchasing an additional 3,032 shares during the last quarter. First Hawaiian Bank bought a new stake in shares of American Homes 4 Rent in the 3rd quarter worth about $187,000. Tower Research Capital LLC TRC bought a new stake in shares of American Homes 4 Rent in the 2nd quarter worth about $209,000. Finally, OppenheimerFunds Inc. bought a new stake in shares of American Homes 4 Rent in the 2nd quarter worth about $225,000. 89.15% of the stock is currently owned by hedge funds and other institutional investors.
Shares of American Homes 4 Rent stock opened at $19.95 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.46. American Homes 4 Rent has a 1-year low of $18.39 and a 1-year high of $23.34. The firm has a market capitalization of $6.28 billion, a PE ratio of 19.56, a PEG ratio of 1.46 and a beta of 0.58.
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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