Wall Street analysts predict that American Homes 4 Rent (NYSE:AMH) will announce $0.29 earnings per share (EPS) for the current quarter, according to Zacks. Five analysts have provided estimates for American Homes 4 Rent’s earnings, with estimates ranging from $0.29 to $0.30. American Homes 4 Rent reported earnings of $0.26 per share in the same quarter last year, which would indicate a positive year over year growth rate of 11.5%. The business is expected to issue its next quarterly earnings report on Thursday, February 28th.
On average, analysts expect that American Homes 4 Rent will report full year earnings of $1.08 per share for the current financial year, with EPS estimates ranging from $1.07 to $1.09. For the next financial year, analysts expect that the business will report earnings of $1.21 per share, with EPS estimates ranging from $1.18 to $1.26. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that follow American Homes 4 Rent.
American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings data on Thursday, November 1st. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.22). American Homes 4 Rent had a return on equity of 1.91% and a net margin of 10.70%. The company had revenue of $280.10 million for the quarter, compared to analysts’ expectations of $270.24 million. During the same quarter last year, the business posted $0.25 EPS. The business’s quarterly revenue was up 13.5% on a year-over-year basis.
AMH has been the subject of a number of research analyst reports. Zelman & Associates downgraded shares of American Homes 4 Rent from a “buy” rating to a “hold” rating in a report on Monday, July 30th. Wells Fargo & Co raised their price objective on shares of American Homes 4 Rent from $22.00 to $24.00 and gave the stock a “market perform” rating in a report on Tuesday, August 28th. Zacks Investment Research upgraded shares of American Homes 4 Rent from a “sell” rating to a “hold” rating in a report on Monday, August 20th. BTIG Research set a $25.00 price objective on shares of American Homes 4 Rent and gave the stock a “buy” rating in a report on Monday. Finally, Mizuho set a $25.00 price objective on shares of American Homes 4 Rent and gave the stock a “buy” rating in a report on Friday, August 3rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company’s stock. American Homes 4 Rent has an average rating of “Buy” and a consensus price target of $24.50.
In other American Homes 4 Rent news, Director Tamara Hughes Gustavson bought 217,000 shares of the business’s stock in a transaction on Wednesday, September 5th. The stock was purchased at an average price of $22.93 per share, for a total transaction of $4,975,810.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Sara H. Vogt-Lowell sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, August 20th. The shares were sold at an average price of $23.00, for a total transaction of $2,300,000.00. Following the completion of the transaction, the insider now owns 86,790 shares of the company’s stock, valued at $1,996,170. The disclosure for this sale can be found here. Insiders have sold 150,000 shares of company stock valued at $3,450,000 in the last quarter. Company insiders own 26.52% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in AMH. Qube Research & Technologies Ltd bought a new position in shares of American Homes 4 Rent in the second quarter valued at approximately $123,000. US Bancorp DE boosted its position in shares of American Homes 4 Rent by 75.6% in the second quarter. US Bancorp DE now owns 7,041 shares of the real estate investment trust’s stock valued at $156,000 after acquiring an additional 3,032 shares during the period. First Hawaiian Bank bought a new position in shares of American Homes 4 Rent in the third quarter valued at approximately $187,000. Tower Research Capital LLC TRC bought a new position in shares of American Homes 4 Rent in the second quarter valued at approximately $209,000. Finally, OppenheimerFunds Inc. bought a new position in shares of American Homes 4 Rent in the second quarter valued at approximately $225,000. Institutional investors own 88.91% of the company’s stock.
NYSE AMH traded up $0.29 during trading hours on Thursday, reaching $19.97. 1,066,582 shares of the company were exchanged, compared to its average volume of 2,328,886. American Homes 4 Rent has a 1 year low of $18.39 and a 1 year high of $23.34. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market capitalization of $5.91 billion, a PE ratio of 19.57, a price-to-earnings-growth ratio of 1.38 and a beta of 0.62.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Friday, December 14th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $0.20 dividend on an annualized basis and a yield of 1.00%. American Homes 4 Rent’s dividend payout ratio is presently 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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