Wall Street analysts predict that American Homes 4 Rent (NYSE:AMH) will report $248.54 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for American Homes 4 Rent’s earnings, with estimates ranging from $244.77 million to $252.30 million. American Homes 4 Rent reported sales of $236.06 million during the same quarter last year, which indicates a positive year-over-year growth rate of 5.3%. The company is expected to issue its next earnings report after the market closes on Thursday, November 2nd.

According to Zacks, analysts expect that American Homes 4 Rent will report full-year sales of $248.54 million for the current year, with estimates ranging from $957.02 million to $972.00 million. For the next financial year, analysts expect that the firm will report sales of $1.06 billion per share, with estimates ranging from $1.02 billion to $1.11 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover American Homes 4 Rent.

American Homes 4 Rent (NYSE:AMH) last released its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.04). American Homes 4 Rent had a return on equity of 0.70% and a net margin of 3.82%. The business had revenue of $237.00 million for the quarter, compared to analyst estimates of $236.28 million. During the same quarter in the previous year, the firm posted $0.25 EPS. The business’s revenue for the quarter was up 7.6% on a year-over-year basis.

A number of analysts have recently issued reports on the stock. BidaskClub cut shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. TheStreet raised shares of American Homes 4 Rent from a “c” rating to a “b” rating in a report on Friday, August 4th. Citigroup Inc. assumed coverage on shares of American Homes 4 Rent in a report on Friday, October 20th. They issued a “buy” rating and a $25.00 target price on the stock. FBR & Co reissued a “buy” rating and issued a $26.00 target price on shares of American Homes 4 Rent in a report on Friday, September 29th. Finally, Zacks Investment Research raised shares of American Homes 4 Rent from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $25.00.

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In related news, Director B Wayne Et Al Hughes bought 1,372,200 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The shares were bought at an average price of $21.84 per share, for a total transaction of $29,968,848.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 27.82% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in AMH. BlackRock Inc. increased its stake in American Homes 4 Rent by 3,164.1% during the 1st quarter. BlackRock Inc. now owns 13,072,212 shares of the real estate investment trust’s stock valued at $300,137,000 after purchasing an additional 12,671,722 shares in the last quarter. FMR LLC increased its stake in American Homes 4 Rent by 35.0% during the 2nd quarter. FMR LLC now owns 18,292,853 shares of the real estate investment trust’s stock valued at $412,870,000 after purchasing an additional 4,747,436 shares in the last quarter. CI Investments Inc. bought a new stake in American Homes 4 Rent during the 2nd quarter valued at $49,318,000. Brookfield Asset Management Inc. increased its stake in American Homes 4 Rent by 29.6% during the 2nd quarter. Brookfield Asset Management Inc. now owns 7,889,445 shares of the real estate investment trust’s stock valued at $178,065,000 after purchasing an additional 1,801,569 shares in the last quarter. Finally, Duff & Phelps Investment Management Co. increased its stake in American Homes 4 Rent by 55.8% during the 2nd quarter. Duff & Phelps Investment Management Co. now owns 3,227,252 shares of the real estate investment trust’s stock valued at $72,839,000 after purchasing an additional 1,156,375 shares in the last quarter. Institutional investors own 93.60% of the company’s stock.

American Homes 4 Rent (NYSE AMH) opened at 21.32 on Friday. The stock’s market cap is $5.55 billion. The firm’s 50 day moving average price is $21.79 and its 200-day moving average price is $22.44. American Homes 4 Rent has a 52 week low of $19.63 and a 52 week high of $23.98.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.20 annualized dividend and a yield of 0.94%. American Homes 4 Rent’s dividend payout ratio is presently -181.82%.

American Homes 4 Rent Company Profile

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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Earnings History and Estimates for American Homes 4 Rent (NYSE:AMH)

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