American Homes 4 Rent (AMH) Scheduled to Post Earnings on Thursday

American Homes 4 Rent (NYSE:AMH) is set to post its quarterly earnings results after the market closes on Thursday, May 2nd. Analysts expect American Homes 4 Rent to post earnings of $0.43 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

American Homes 4 Rent Stock Down 0.8 %

Shares of AMH stock opened at $36.12 on Tuesday. American Homes 4 Rent has a 52-week low of $31.36 and a 52-week high of $37.97. The stock has a market cap of $13.22 billion, a price-to-earnings ratio of 36.12, a PEG ratio of 2.80 and a beta of 0.70. The firm’s 50-day moving average is $35.97 and its 200-day moving average is $35.46. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.46 and a current ratio of 0.46.

American Homes 4 Rent Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date was Thursday, March 14th. This is a boost from American Homes 4 Rent’s previous quarterly dividend of $0.22. American Homes 4 Rent’s payout ratio is currently 104.00%.

Insider Transactions at American Homes 4 Rent

In related news, CAO Brian Reitz sold 3,000 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $35.53, for a total value of $106,590.00. Following the sale, the chief accounting officer now directly owns 35,343 shares of the company’s stock, valued at $1,255,736.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CAO Brian Reitz sold 3,000 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $35.53, for a total transaction of $106,590.00. Following the transaction, the chief accounting officer now owns 35,343 shares in the company, valued at $1,255,736.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Bryan Smith sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $36.77, for a total value of $1,838,500.00. Following the transaction, the chief operating officer now owns 125,580 shares in the company, valued at approximately $4,617,576.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 60,263 shares of company stock worth $2,212,078. Insiders own 6.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on AMH shares. Deutsche Bank Aktiengesellschaft assumed coverage on shares of American Homes 4 Rent in a report on Tuesday, January 30th. They issued a “buy” rating and a $40.00 price objective for the company. BNP Paribas began coverage on American Homes 4 Rent in a research report on Monday, January 22nd. They set an “outperform” rating and a $42.00 price target on the stock. Mizuho lifted their price objective on American Homes 4 Rent from $37.00 to $39.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. Citigroup upgraded American Homes 4 Rent from a “neutral” rating to a “buy” rating and upped their target price for the company from $37.00 to $41.00 in a research report on Friday, March 22nd. Finally, Jefferies Financial Group raised American Homes 4 Rent from a “hold” rating to a “buy” rating and boosted their price target for the company from $34.00 to $41.00 in a research note on Tuesday, January 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $39.67.

About American Homes 4 Rent

AMH (NYSE: AMH) is a leading large-scale integrated owner, operator and developer of single-family rental homes. We're an internally managed Maryland real estate investment trust (REIT) focused on acquiring, developing, renovating, leasing and managing homes as rental properties. Our goal is to simplify the experience of leasing a home and deliver peace of mind to households across the country.