American Homes 4 Rent (NYSE:AMH) Posts Quarterly Earnings Results, Beats Estimates By $0.05 EPS

American Homes 4 Rent (NYSE:AMH) released its quarterly earnings results on Wednesday. The real estate investment trust reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.05, FiscalAI reports. American Homes 4 Rent had a net margin of 25.53% and a return on equity of 6.25%. The company had revenue of $498.07 million during the quarter, compared to analysts’ expectations of $488.73 million.

American Homes 4 Rent Stock Up 3.5%

Shares of AMH stock traded up $1.11 during trading on Wednesday, reaching $32.63. The company’s stock had a trading volume of 3,603,134 shares, compared to its average volume of 3,207,268. American Homes 4 Rent has a one year low of $27.22 and a one year high of $35.07. The business has a fifty day moving average price of $31.55 and a 200-day moving average price of $31.61. The company has a market cap of $11.77 billion, a price-to-earnings ratio of 25.90, a price-to-earnings-growth ratio of 4.86 and a beta of 0.76. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.69.

American Homes 4 Rent Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend was Tuesday, September 15th. American Homes 4 Rent’s payout ratio is currently 104.76%.

Insiders Place Their Bets

In other American Homes 4 Rent news, Director Jack Corrigan purchased 8,000 shares of the stock in a transaction on Friday, September 11th. The shares were purchased at an average cost of $21.49 per share, for a total transaction of $171,920.00. Following the purchase, the director owned 25,000 shares of the company’s stock, valued at approximately $537,250. This represents a 47.06% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have acquired a total of 15,000 shares of company stock valued at $328,040 over the last ninety days. 5.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on AMH shares. Keefe, Bruyette & Woods boosted their price objective on shares of American Homes 4 Rent from $36.00 to $38.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. Citigroup reiterated a “market outperform” rating on shares of American Homes 4 Rent in a report on Wednesday, August 5th. Morgan Stanley dropped their price target on American Homes 4 Rent from $38.50 to $38.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 12th. Royal Bank Of Canada cut their price target on American Homes 4 Rent from $37.00 to $35.00 and set an “outperform” rating on the stock in a report on Tuesday, October 13th. Finally, UBS Group cut their price target on American Homes 4 Rent from $35.00 to $32.00 and set a “neutral” rating on the stock in a report on Monday, October 12th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $35.94.

About American Homes 4 Rent

American Homes 4 Rent (NYSE:AMH) is a real estate investment trust that owns, operates and develops single-family rental homes in the United States. The company provides professionally managed rental housing to individuals and families, with properties generally located in suburban communities and designed for long-term occupancy.

The company’s activities include acquiring, constructing, renovating, leasing and maintaining single-family homes. Its portfolio includes detached houses with features such as private yards, garages and modern appliances.