American Homes 4 Rent (AMH) to Issue Quarterly Dividend of $0.05
American Homes 4 Rent (NYSE:AMH) declared a quarterly dividend on Friday, November 3rd, Wall Street Journal reports. Stockholders of record on Tuesday, January 2nd will be paid a dividend of 0.05 per share by the real estate investment trust on Friday, January 5th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend is Friday, December 29th.
American Homes 4 Rent has a dividend payout ratio of 19.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect American Homes 4 Rent to earn $1.17 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 17.1%.
Shares of American Homes 4 Rent (AMH) traded up $0.31 during trading on Friday, hitting $21.59. 1,519,603 shares of the stock were exchanged, compared to its average volume of 1,408,868. The stock has a market capitalization of $5.62 billion, a PE ratio of 21.17 and a beta of 0.69.
American Homes 4 Rent (NYSE:AMH) last released its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.25 earnings per share for the quarter, hitting the consensus estimate of $0.25. The company had revenue of $246.80 million for the quarter, compared to the consensus estimate of $247.96 million. American Homes 4 Rent had a net margin of 3.82% and a return on equity of 0.70%. American Homes 4 Rent’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.24 EPS. equities research analysts forecast that American Homes 4 Rent will post 1.04 EPS for the current fiscal year.
AMH has been the subject of several analyst reports. Zacks Investment Research upgraded shares of American Homes 4 Rent from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. BidaskClub cut shares of American Homes 4 Rent from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. TheStreet upgraded shares of American Homes 4 Rent from a “c” rating to a “b” rating in a research report on Friday, August 4th. Finally, 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 research report on Monday, July 10th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $25.00.
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In other news, Director B Wayne Et Al Hughes acquired 1,372,200 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The stock was purchased at an average price of $21.84 per share, with a total value of $29,968,848.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 27.82% of the company’s stock.
An institutional investor recently raised its position in American Homes 4 Rent stock. The Manufacturers Life Insurance Company lifted its position in American Homes 4 Rent (NYSE:AMH) by 7.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,247 shares of the real estate investment trust’s stock after purchasing an additional 515 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in American Homes 4 Rent were worth $164,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 93.36% of the company’s stock.
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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