American Homes 4 Rent (NYSE:AMH – Get Free Report) posted its earnings results on Thursday. The real estate investment trust reported $0.25 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.18), Zacks reports. The business had revenue of $423.50 million for the quarter, compared to analyst estimates of $422.46 million. American Homes 4 Rent had a return on equity of 4.91% and a net margin of 21.83%. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.41 earnings per share. American Homes 4 Rent updated its FY24 guidance to $1.74-1.78 EPS and its FY 2024 guidance to 1.740-1.780 EPS.
American Homes 4 Rent Price Performance
Shares of NYSE AMH traded up $0.91 during mid-day trading on Friday, hitting $37.75. 4,077,529 shares of the stock were exchanged, compared to its average volume of 2,389,782. The company has a market cap of $13.83 billion, a P/E ratio of 38.52, a PEG ratio of 3.10 and a beta of 0.74. The stock’s fifty day simple moving average is $36.24 and its two-hundred day simple moving average is $35.95. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.59 and a current ratio of 0.59. American Homes 4 Rent has a twelve month low of $31.36 and a twelve month high of $38.85.
American Homes 4 Rent Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date of this dividend was Friday, June 14th. American Homes 4 Rent’s dividend payout ratio is 106.12%.
Insider Transactions at American Homes 4 Rent
Analyst Ratings Changes
AMH has been the topic of several analyst reports. JPMorgan Chase & Co. increased their target price on shares of American Homes 4 Rent from $37.00 to $38.00 and gave the stock a “neutral” rating in a research report on Monday, June 17th. StockNews.com cut shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Friday. Keefe, Bruyette & Woods upped their price target on shares of American Homes 4 Rent from $38.00 to $39.00 and gave the company a “market perform” rating in a report on Monday, May 13th. Barclays decreased their price target on shares of American Homes 4 Rent from $43.00 to $42.00 and set an “overweight” rating for the company in a report on Wednesday, May 29th. Finally, Evercore ISI upped their price target on shares of American Homes 4 Rent from $38.00 to $39.00 and gave the company an “in-line” rating in a report on Tuesday, July 9th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.57.
Get Our Latest Research Report on American Homes 4 Rent
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.
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