American Homes 4 Rent Plans Quarterly Dividend of $0.26 (NYSE:AMH)

American Homes 4 Rent (NYSE:AMH - Get Free Report) declared a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Investors of record on Friday, December 13th will be paid a dividend of 0.26 per share by the real estate investment trust on Tuesday, December 31st. This represents a $1.04 annualized dividend and a yield of 2.81%. The ex-dividend date of this dividend is Friday, December 13th.

American Homes 4 Rent has increased its dividend payment by an average of 63.9% per year over the last three years. American Homes 4 Rent has a payout ratio of 150.7% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect American Homes 4 Rent to earn $1.87 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 55.6%.

American Homes 4 Rent Trading Up 0.7 %

Shares of AMH traded up $0.25 during mid-day trading on Friday, reaching $36.98. The company had a trading volume of 2,211,211 shares, compared to its average volume of 2,574,479. American Homes 4 Rent has a fifty-two week low of $33.75 and a fifty-two week high of $41.41. The firm has a fifty day simple moving average of $38.43 and a 200-day simple moving average of $37.29. The stock has a market cap of $13.55 billion, a price-to-earnings ratio of 38.27, a price-to-earnings-growth ratio of 2.92 and a beta of 0.77. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.59.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last issued its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by ($0.23). The firm had revenue of $445.06 million during the quarter, compared to analyst estimates of $443.81 million. American Homes 4 Rent had a net margin of 21.51% and a return on equity of 4.76%. American Homes 4 Rent's revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.41 EPS. On average, sell-side analysts anticipate that American Homes 4 Rent will post 1.77 EPS for the current fiscal year.

Analysts Set New Price Targets

AMH has been the topic of a number of recent research reports. Wells Fargo & Company raised shares of American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $36.00 to $42.00 in a research report on Monday, August 26th. Keefe, Bruyette & Woods decreased their price target on shares of American Homes 4 Rent from $39.00 to $38.00 and set a "market perform" rating for the company in a research report on Wednesday. The Goldman Sachs Group assumed coverage on American Homes 4 Rent in a research report on Wednesday, September 4th. They issued a "buy" rating and a $48.00 price objective on the stock. Evercore ISI dropped their target price on American Homes 4 Rent from $42.00 to $41.00 and set an "in-line" rating on the stock in a report on Wednesday, October 30th. Finally, Scotiabank reissued an "outperform" rating and set a $42.00 target price on shares of American Homes 4 Rent in a research report on Wednesday, August 21st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $41.53.

About American Homes 4 Rent

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.