American Homes 4 Rent (NYSE:AMH) Posts Earnings Results, Misses Estimates By $0.13 EPS

American Homes 4 Rent (NYSE:AMH) released its earnings results on Friday. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.13), Yahoo Finance reports. American Homes 4 Rent had a return on equity of 5.02% and a net margin of 22.55%. The business had revenue of $423.56 million for the quarter, compared to analysts’ expectations of $421.28 million. During the same quarter in the prior year, the business posted $0.41 EPS. The business’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 Stock Performance

Shares of American Homes 4 Rent stock opened at $35.76 on Monday. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.58. American Homes 4 Rent has a 52 week low of $31.36 and a 52 week high of $37.97. The firm has a market capitalization of $13.09 billion, a P/E ratio of 36.49, a PEG ratio of 2.75 and a beta of 0.70. The company has a 50 day moving average price of $36.10 and a 200 day moving average price of $35.50.

American Homes 4 Rent Increases Dividend

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

Analyst Upgrades and Downgrades

AMH has been the topic of a number of research reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $39.00 price target on shares of American Homes 4 Rent in a report on Monday, February 26th. Mizuho boosted their target price on American Homes 4 Rent from $37.00 to $39.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. BNP Paribas initiated coverage on American Homes 4 Rent in a research note on Monday, January 22nd. They issued an “outperform” rating and a $42.00 price objective on the stock. StockNews.com downgraded American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th. Finally, Citigroup upgraded shares of American Homes 4 Rent from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $37.00 to $41.00 in a research report on Friday, March 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $39.67.

Insider Buying and Selling at American Homes 4 Rent

In other news, CAO Brian Reitz sold 3,000 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $35.53, for a total value of $106,590.00. Following the transaction, the chief accounting officer now directly owns 35,343 shares of the company’s stock, valued at $1,255,736.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CAO Brian Reitz sold 3,000 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $35.53, for a total transaction of $106,590.00. Following the completion of the transaction, the chief accounting officer now owns 35,343 shares of the company’s stock, valued at $1,255,736.79. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Bryan Smith sold 50,000 shares of the company’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $36.77, for a total transaction of $1,838,500.00. Following the completion of the sale, the chief operating officer now directly owns 125,580 shares in the company, valued at $4,617,576.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 60,263 shares of company stock worth $2,212,078. 6.32% of the stock is owned by corporate insiders.

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.