American Homes 4 Rent (NYSE:AMH) Issues Earnings Results

American Homes 4 Rent (NYSE:AMH) issued its quarterly earnings data on Friday. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.13), Yahoo Finance reports. American Homes 4 Rent had a net margin of 22.55% and a return on equity of 5.02%. The firm had revenue of $423.56 million for the quarter, compared to analyst estimates of $421.28 million. During the same quarter in the prior year, the firm posted $0.41 EPS. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. American Homes 4 Rent updated its FY 2024 guidance to 1.700-1.760 EPS.

American Homes 4 Rent Trading Down 1.8 %

Shares of AMH stock opened at $35.76 on Monday. The stock has a market cap of $13.09 billion, a P/E ratio of 36.49, a price-to-earnings-growth ratio of 2.75 and a beta of 0.70. American Homes 4 Rent has a 1 year low of $31.36 and a 1 year high of $37.97. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.58. The stock has a 50 day simple moving average of $36.10 and a 200 day simple moving average of $35.50.

American Homes 4 Rent Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were issued a dividend of $0.26 per share. The ex-dividend date was Thursday, March 14th. This is a boost from American Homes 4 Rent’s previous quarterly dividend of $0.22. This represents a $1.04 annualized dividend and a dividend yield of 2.91%. American Homes 4 Rent’s dividend payout ratio (DPR) is currently 106.12%.

Insiders Place Their Bets

In other news, Director Matthew J. Hart sold 7,263 shares of the company’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $36.76, for a total transaction of $266,987.88. Following the completion of the sale, the director now directly owns 41,336 shares in the company, valued at approximately $1,519,511.36. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, COO Bryan Smith sold 50,000 shares of the stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $36.77, for a total value of $1,838,500.00. Following the completion of the transaction, the chief operating officer now owns 125,580 shares of the company’s stock, valued at $4,617,576.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Matthew J. Hart sold 7,263 shares of American Homes 4 Rent stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $36.76, for a total transaction of $266,987.88. Following the sale, the director now directly owns 41,336 shares in the company, valued at $1,519,511.36. The disclosure for this sale can be found here. Insiders have sold a total of 60,263 shares of company stock worth $2,212,078 in the last 90 days. Company insiders own 6.32% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on AMH. StockNews.com downgraded shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $39.00 price objective on shares of American Homes 4 Rent in a research report on Monday, February 26th. Citigroup upgraded American Homes 4 Rent from a “neutral” rating to a “buy” rating and increased their target price for the stock from $37.00 to $41.00 in a report on Friday, March 22nd. BNP Paribas initiated coverage on American Homes 4 Rent in a report on Monday, January 22nd. They issued an “outperform” rating and a $42.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on American Homes 4 Rent in a report on Tuesday, January 30th. They set a “buy” rating and a $40.00 price objective for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $39.67.

American Homes 4 Rent Company Profile

AMH (NYSE: AMH) is a leading large-scale integrated owner, operator and developer of single-family rental homes. We're an internally managed Maryland real estate investment trust (REIT) focused on acquiring, developing, renovating, leasing and managing homes as rental properties. Our goal is to simplify the experience of leasing a home and deliver peace of mind to households across the country.