Analysts expect that American Homes 4 Rent (NYSE:AMH) will report $0.27 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for American Homes 4 Rent’s earnings. The lowest EPS estimate is $0.26 and the highest is $0.28. American Homes 4 Rent reported earnings of $0.26 per share during the same quarter last year, which would indicate a positive year over year growth rate of 3.8%. The business is expected to announce its next quarterly earnings report on Thursday, August 2nd.
According to Zacks, analysts expect that American Homes 4 Rent will report full-year earnings of $1.10 per share for the current year, with EPS estimates ranging from $1.08 to $1.13. For the next financial year, analysts forecast that the company will post earnings of $1.23 per share, with EPS estimates ranging from $1.19 to $1.30. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for American Homes 4 Rent.
American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings data on Thursday, May 3rd. The real estate investment trust reported $0.02 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.01). American Homes 4 Rent had a return on equity of 1.56% and a net margin of 9.07%. The business had revenue of $258.00 million during the quarter, compared to analysts’ expectations of $251.72 million. During the same quarter in the prior year, the firm earned $0.26 earnings per share. American Homes 4 Rent’s quarterly revenue was up 10.4% on a year-over-year basis.
Several equities research analysts recently commented on AMH shares. Zacks Investment Research lowered shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Tuesday, February 27th. Mizuho set a $23.00 price objective on shares of American Homes 4 Rent and gave the stock a “buy” rating in a research report on Monday, March 19th. B. Riley started coverage on shares of American Homes 4 Rent in a research report on Monday, March 12th. They issued a “buy” rating and a $26.00 price objective on the stock. Robert W. Baird started coverage on shares of American Homes 4 Rent in a research report on Thursday, March 29th. They issued an “outperform” rating and a $23.00 price objective on the stock. Finally, BTIG Research decreased their price objective on shares of American Homes 4 Rent from $26.00 to $23.00 and set a “buy” rating on the stock in a research report on Monday, February 26th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $24.33.
In other news, Director B Wayne Et Al Hughes bought 19,320 shares of the business’s stock in a transaction that occurred on Wednesday, May 9th. The stock was purchased at an average price of $20.70 per share, with a total value of $399,924.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Tamara Hughes Gustavson bought 507,614 shares of the business’s stock in a transaction that occurred on Friday, May 18th. The stock was purchased at an average cost of $19.70 per share, with a total value of $9,999,995.80. Following the purchase, the director now directly owns 15,586,898 shares in the company, valued at approximately $307,061,890.60. The disclosure for this purchase can be found here. Insiders purchased a total of 913,099 shares of company stock valued at $18,385,566 in the last three months. 27.82% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Principal Financial Group Inc. increased its stake in shares of American Homes 4 Rent by 42.0% during the 1st quarter. Principal Financial Group Inc. now owns 6,111,266 shares of the real estate investment trust’s stock valued at $122,715,000 after acquiring an additional 1,808,597 shares during the last quarter. WINTON GROUP Ltd acquired a new position in shares of American Homes 4 Rent during the 1st quarter valued at about $229,000. Legal & General Group Plc increased its stake in shares of American Homes 4 Rent by 13.5% during the 1st quarter. Legal & General Group Plc now owns 691,645 shares of the real estate investment trust’s stock valued at $13,888,000 after acquiring an additional 82,001 shares during the last quarter. Zimmer Partners LP increased its stake in shares of American Homes 4 Rent by 33.3% during the 1st quarter. Zimmer Partners LP now owns 1,000,000 shares of the real estate investment trust’s stock valued at $20,080,000 after acquiring an additional 250,000 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in shares of American Homes 4 Rent during the 1st quarter valued at about $1,243,000. 85.70% of the stock is owned by institutional investors.
Shares of American Homes 4 Rent traded down $0.01, hitting $21.03, on Friday, MarketBeat Ratings reports. The company’s stock had a trading volume of 3,286,777 shares, compared to its average volume of 2,219,856. American Homes 4 Rent has a 52-week low of $18.39 and a 52-week high of $23.23. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $6.22 billion, a PE ratio of 20.62, a P/E/G ratio of 1.37 and a beta of 0.58.
American Homes 4 Rent declared that its Board of Directors has authorized a stock repurchase plan on Thursday, February 22nd that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the real estate investment trust to buy shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its stock is undervalued.
The company also recently announced a quarterly dividend, which will be paid on Monday, July 2nd. Investors of record on Friday, June 15th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend is Thursday, June 14th. American Homes 4 Rent’s payout ratio is 19.61%.
American Homes 4 Rent Company Profile
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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