American Homes 4 Rent (NYSE:AMH – Get Free Report) announced a quarterly dividend on Thursday, May 14th. Stockholders of record on Monday, June 15th will be paid a dividend of 0.33 per share by the real estate investment trust on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Monday, June 15th.
American Homes 4 Rent has raised its dividend by an average of 0.4%annually over the last three years and has raised its dividend annually for the last 5 consecutive years. American Homes 4 Rent has a dividend payout ratio of 169.2% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect American Homes 4 Rent to earn $2.01 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 65.7%.
American Homes 4 Rent Stock Performance
Shares of AMH stock opened at $30.65 on Friday. The business’s 50-day moving average price is $29.75 and its 200-day moving average price is $30.86. American Homes 4 Rent has a 12 month low of $27.22 and a 12 month high of $38.85. The firm has a market capitalization of $11.05 billion, a price-to-earnings ratio of 24.92, a PEG ratio of 4.14 and a beta of 0.82. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.67.
American Homes 4 Rent Company Profile
American Homes 4 Rent (NYSE: AMH) is a publicly traded real estate investment trust (REIT) specializing in the acquisition, development and management of single-family rental homes. Since its initial public offering in April 2013, the company has focused on building a large-scale, professionally managed portfolio of homes designed to meet the needs of today’s renters. Its business model emphasizes the acquisition of well-located properties coupled with consistent, in-house property management to drive occupancy and long-term value.
As of the most recent reporting, American Homes 4 Rent owns and operates tens of thousands of homes across the United States, with concentration in key Sun Belt and high-growth markets.
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