American Homes 4 Rent (AMH) To Go Ex-Dividend on December 15th

American Homes 4 Rent (NYSE:AMH) declared a quarterly dividend on Wednesday, November 11th. Shareholders of record on Tuesday, December 15th will be given a dividend of $0.33 per share by the real estate investment trust on Thursday, December 31st. This represents a $1.32 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Tuesday, December 15th.

American Homes 4 Rent has raised its dividend payment by an average of 0.4% per year over the last three years and has raised its dividend every year for the last 5 years. American Homes 4 Rent has a 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. Research analysts expect American Homes 4 Rent to earn $1.99 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 66.3%.

American Homes 4 Rent Trading Down 0.7%

Shares of NYSE:AMH opened at $32.30 on Friday. The stock’s 50-day simple moving average is $31.42 and its two-hundred day simple moving average is $31.64. The stock has a market capitalization of $11.65 billion, a price-to-earnings ratio of 26.48, a PEG ratio of 2.98 and a beta of 0.76. American Homes 4 Rent has a 52-week low of $27.22 and a 52-week high of $35.07. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.55 and a current ratio of 0.55.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings results on Wednesday, November 4th. The real estate investment trust reported $0.50 EPS for the quarter, beating the consensus estimate of $0.18 by $0.32. American Homes 4 Rent had a net margin of 24.17% and a return on equity of 6.07%. The firm had revenue of $498.07 million during the quarter, compared to analyst estimates of $488.73 million. During the same quarter in the prior year, the firm earned $0.47 EPS. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. Analysts expect that American Homes 4 Rent will post 1.91 EPS for the current year.

Insider Transactions at American Homes 4 Rent

In other news, Director Jack Corrigan bought 8,000 shares of American Homes 4 Rent stock in a transaction that occurred on Friday, September 11th. The stock was bought at an average cost of $21.49 per share, with a total value of $171,920.00. Following the acquisition, the director owned 25,000 shares of the company’s stock, valued at $537,250. The trade was a 47.06% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last ninety days, insiders have purchased 15,000 shares of company stock valued at $328,040. Corporate insiders own 5.70% of the company’s stock.

Hedge Funds Weigh In On American Homes 4 Rent

Several large investors have recently added to or reduced their stakes in the company. State Street Corp increased its stake in shares of American Homes 4 Rent by 1.2% in the third quarter. State Street Corp now owns 15,808,346 shares of the real estate investment trust’s stock worth $480,416,000 after purchasing an additional 183,960 shares in the last quarter. Lasalle Investment Management Securities LLC lifted its stake in shares of American Homes 4 Rent by 18.9% during the 1st quarter. Lasalle Investment Management Securities LLC now owns 3,633,873 shares of the real estate investment trust’s stock valued at $101,458,000 after buying an additional 577,750 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in American Homes 4 Rent by 83.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,544,892 shares of the real estate investment trust’s stock worth $98,973,000 after buying an additional 1,608,934 shares during the period. CI Investments Inc. boosted its holdings in American Homes 4 Rent by 20.1% in the 1st quarter. CI Investments Inc. now owns 2,959,426 shares of the real estate investment trust’s stock worth $82,627,000 after buying an additional 496,037 shares during the period. Finally, Aew Capital Management Inc. bought a new position in American Homes 4 Rent in the 3rd quarter worth $45,161,000. Hedge funds and other institutional investors own 91.87% of the company’s stock.

American Homes 4 Rent Company Profile

American Homes 4 Rent is a real estate investment trust that owns, operates and leases single-family homes in the United States. The company rents homes to individuals and families, offering an alternative to homeownership in its markets. In addition to acquiring existing homes, American Homes 4 Rent develops single-family properties for rental through its build-to-rent program. Its portfolio and operations span multiple regions of the country, including the Southeast, Midwest, Southwest and West.