Wall Street brokerages expect American Homes 4 Rent (NYSE:AMH) to post earnings per share (EPS) of $0.27 for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for American Homes 4 Rent’s earnings. The lowest EPS estimate is $0.26 and the highest is $0.27. American Homes 4 Rent reported earnings per share of $0.26 in the same quarter last year, which would suggest a positive year-over-year growth rate of 3.8%. The firm is expected to issue its next earnings report after the market closes on Thursday, May 3rd.
On average, analysts expect that American Homes 4 Rent will report full-year earnings of $1.12 per share for the current financial year, with EPS estimates ranging from $1.10 to $1.15. For the next year, analysts forecast that the company will post earnings of $1.26 per share, with EPS estimates ranging from $1.23 to $1.30. Zacks Investment Research’s EPS averages 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 posted its quarterly earnings data on Thursday, February 22nd. The real estate investment trust reported $0.26 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.26. The business had revenue of $242.80 million during the quarter, compared to analyst estimates of $244.81 million. American Homes 4 Rent had a net margin of 8.43% and a return on equity of 1.45%. The company’s revenue was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.26 earnings per share.
A number of equities analysts have recently weighed in on the stock. B. Riley set a $26.00 price objective on shares of American Homes 4 Rent and gave the company a “buy” rating in a research report on Friday, February 23rd. BTIG Research cut their price objective on shares of American Homes 4 Rent from $26.00 to $23.00 and set a “buy” rating for the company in a research report on Monday, February 26th. Robert W. Baird initiated coverage on shares of American Homes 4 Rent in a report on Thursday, March 29th. They issued an “outperform” rating and a $23.00 target price for the company. Mizuho set a $22.00 target price on shares of American Homes 4 Rent and gave the company a “buy” rating in a report on Tuesday, February 27th. Finally, Zacks Investment Research downgraded shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Tuesday, February 27th. Two research analysts have rated the stock with a sell rating and nine have assigned a buy rating to the company. American Homes 4 Rent currently has an average rating of “Buy” and an average price target of $24.50.
In related news, Director Dann V. Angeloff sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $19.67, for a total value of $59,010.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Douglas N. Benham bought 2,005 shares of the stock in a transaction that occurred on Friday, January 26th. The stock was bought at an average price of $24.80 per share, with a total value of $49,724.00. The disclosure for this purchase can be found here. 26.52% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Xact Kapitalforvaltning AB purchased a new stake in American Homes 4 Rent during the fourth quarter worth approximately $428,000. Envestnet Asset Management Inc. grew its stake in American Homes 4 Rent by 100.1% during the fourth quarter. Envestnet Asset Management Inc. now owns 47,403 shares of the real estate investment trust’s stock worth $1,035,000 after buying an additional 23,719 shares during the period. Brookfield Asset Management Inc. grew its stake in American Homes 4 Rent by 5.2% during the fourth quarter. Brookfield Asset Management Inc. now owns 8,055,941 shares of the real estate investment trust’s stock worth $175,942,000 after buying an additional 395,700 shares during the period. Sterling Capital Management LLC grew its stake in American Homes 4 Rent by 21.3% during the fourth quarter. Sterling Capital Management LLC now owns 91,000 shares of the real estate investment trust’s stock worth $1,987,000 after buying an additional 16,000 shares during the period. Finally, Macquarie Group Ltd. grew its stake in American Homes 4 Rent by 55.2% during the fourth quarter. Macquarie Group Ltd. now owns 249,758 shares of the real estate investment trust’s stock worth $5,497,000 after buying an additional 88,798 shares during the period. Institutional investors own 90.69% of the company’s stock.
Shares of NYSE:AMH traded down $0.02 during trading on Wednesday, reaching $19.71. The stock had a trading volume of 28,676 shares, compared to its average volume of 2,095,318. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.59 and a quick ratio of 0.59. The firm has a market cap of $5,657.75, a PE ratio of 19.16, a P/E/G ratio of 1.29 and a beta of 0.59. American Homes 4 Rent has a fifty-two week low of $18.39 and a fifty-two week high of $23.74.
American Homes 4 Rent announced that its board has initiated a share repurchase plan on Thursday, February 22nd that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the real estate investment trust to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.
The business also recently announced a quarterly dividend, which was paid on Monday, April 2nd. Investors of record on Thursday, March 15th were issued a $0.05 dividend. The ex-dividend date was Wednesday, March 14th. This represents a $0.20 dividend on an annualized basis and a yield of 1.01%. American Homes 4 Rent’s payout ratio is 19.61%.
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About American Homes 4 Rent
American Homes 4 Rent is an internally managed real estate investment trust (REIT) focused on acquiring, renovating, leasing and operating single-family homes as rental properties. The Company’s primary objective is to generate attractive risk-adjusted returns for its shareholders through dividends and capital appreciation by acquiring, renovating, leasing and operating single-family homes as rental properties.
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