American Homes 4 Rent (NYSE:AMH) to Release Earnings on Thursday
American Homes 4 Rent (NYSE:AMH) will release its earnings data after the market closes on Thursday, August 3rd. Analysts expect American Homes 4 Rent to post earnings of $0.02 per share for the quarter.
American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings data on Thursday, May 4th. The real estate investment trust reported $0.26 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.26. American Homes 4 Rent had a return on equity of 0.35% and a net margin of 1.92%. The firm had revenue of $233.80 million during the quarter, compared to analyst estimates of $227.11 million. During the same period last year, the company posted $0.23 EPS. The business’s quarterly revenue was up 19.9% on a year-over-year basis. On average, analysts expect American Homes 4 Rent to post $0.06 EPS for the current fiscal year and $0.21 EPS for the next fiscal year.
American Homes 4 Rent (AMH) opened at 23.17 on Thursday. The company’s market capitalization is $5.98 billion. The stock has a 50 day moving average price of $22.57 and a 200 day moving average price of $22.61. American Homes 4 Rent has a 52-week low of $19.62 and a 52-week high of $23.98.
The company also recently announced a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Thursday, June 15th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, June 13th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.86%. American Homes 4 Rent’s dividend payout ratio is currently -133.32%.
In other news, Director Tamara Hughes Gustavson purchased 462,123 shares of American Homes 4 Rent stock in a transaction that occurred on Tuesday, May 9th. The stock was bought at an average price of $22.21 per share, with a total value of $10,263,751.83. Following the completion of the transaction, the director now directly owns 13,600,665 shares of the company’s stock, valued at $302,070,769.65. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Bryan Smith sold 12,432 shares of the firm’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $22.40, for a total transaction of $278,476.80. The disclosure for this sale can be found here. 27.82% of the stock is currently owned by company insiders.
A number of research firms have recently weighed in on AMH. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $24.00 target price on shares of American Homes 4 Rent in a report on Friday, May 5th. Mizuho upgraded shares of American Homes 4 Rent from a “neutral” rating to a “buy” rating and set a $25.50 price objective for the company in a report on Monday, July 10th. BidaskClub upgraded shares of American Homes 4 Rent from a “hold” rating to a “buy” rating in a report on Saturday, June 24th. Zacks Investment Research upgraded shares of American Homes 4 Rent from a “sell” rating to a “hold” rating in a report on Monday. Finally, FBR & Co restated a “buy” rating on shares of American Homes 4 Rent in a report on Wednesday, May 24th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. American Homes 4 Rent presently has a consensus rating of “Hold” and a consensus price target of $24.38.
About American Homes 4 Rent
American Homes 4 Rent is an internally managed real estate investment trust (REIT) focused on acquiring, renovating, leasing and operating single-family homes as rental properties. The Company’s primary objective is to generate attractive risk-adjusted returns for its shareholders through dividends and capital appreciation by acquiring, renovating, leasing and operating single-family homes as rental properties.
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