American Homes 4 Rent (NYSE:AMH) Releases Quarterly Earnings Results

American Homes 4 Rent (NYSE:AMH) released its quarterly earnings results on Friday. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.13), Yahoo Finance reports. American Homes 4 Rent had a net margin of 22.55% and a return on equity of 5.02%. The business had revenue of $423.56 million during the quarter, compared to analyst estimates of $421.28 million. During the same quarter in the prior year, the company earned $0.41 earnings per share. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. American Homes 4 Rent updated its FY 2024 guidance to 1.700-1.760 EPS.

American Homes 4 Rent Trading Down 1.8 %

Shares of AMH opened at $35.76 on Monday. American Homes 4 Rent has a twelve month low of $31.36 and a twelve month high of $37.97. The firm has a market capitalization of $13.09 billion, a P/E ratio of 36.49, a price-to-earnings-growth ratio of 2.75 and a beta of 0.70. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.58. The stock’s fifty day simple moving average is $36.10 and its 200 day simple moving average is $35.50.

American Homes 4 Rent Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a dividend of $0.26 per share. The ex-dividend date was Thursday, March 14th. This is a boost from American Homes 4 Rent’s previous quarterly dividend of $0.22. This represents a $1.04 annualized dividend and a dividend yield of 2.91%. American Homes 4 Rent’s payout ratio is currently 106.12%.

Analysts Set New Price Targets

A number of brokerages have commented on AMH. Deutsche Bank Aktiengesellschaft assumed coverage on American Homes 4 Rent in a report on Tuesday, January 30th. They set a “buy” rating and a $40.00 target price on the stock. Citigroup upgraded American Homes 4 Rent from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $37.00 to $41.00 in a research report on Friday, March 22nd. Raymond James boosted their target price on shares of American Homes 4 Rent from $40.00 to $41.00 and gave the company an “outperform” rating in a research note on Thursday, March 28th. StockNews.com cut shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $39.00 price objective on shares of American Homes 4 Rent in a research report on Monday, February 26th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $39.67.

Insider Activity at American Homes 4 Rent

In other 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 transaction, the chief accounting officer now directly owns 35,343 shares in the company, valued at approximately $1,255,736.79. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other American Homes 4 Rent news, CAO Brian Reitz sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $35.53, for a total transaction of $106,590.00. Following the completion of the sale, the chief accounting officer now directly owns 35,343 shares in the company, valued at $1,255,736.79. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Matthew J. Hart sold 7,263 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $36.76, for a total transaction of $266,987.88. Following the completion of the sale, the director now directly owns 41,336 shares of the company’s stock, valued at approximately $1,519,511.36. 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. 6.32% of the stock is owned by insiders.

American Homes 4 Rent Company Profile

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.