American Homes 4 Rent (NYSE:AMH) Releases Quarterly Earnings Results

American Homes 4 Rent (NYSE:AMH - Get Free Report) issued its quarterly earnings results on Tuesday. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.43 by ($0.23), Yahoo Finance reports. The business had revenue of $445.06 million for the quarter, compared to the consensus estimate of $443.81 million. American Homes 4 Rent had a net margin of 21.83% and a return on equity of 4.89%. The business's revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.41 EPS. American Homes 4 Rent updated its FY 2024 guidance to 1.760-1.780 EPS.

American Homes 4 Rent Trading Down 3.6 %

Shares of American Homes 4 Rent stock traded down $1.35 during midday trading on Wednesday, reaching $36.45. 2,317,409 shares of the company's stock traded hands, compared to its average volume of 2,553,906. The stock has a 50 day moving average of $38.84 and a 200-day moving average of $37.28. American Homes 4 Rent has a 12 month low of $32.08 and a 12 month high of $41.41. The company has a market cap of $13.35 billion, a PE ratio of 38.01, a price-to-earnings-growth ratio of 3.10 and a beta of 0.76. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.54 and a current ratio of 1.54.

American Homes 4 Rent Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were given a $0.26 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.85%. American Homes 4 Rent's dividend payout ratio is currently 106.12%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of American Homes 4 Rent from $38.00 to $43.00 and gave the stock a "neutral" rating in a research note on Monday, September 16th. Evercore ISI lowered their price target on American Homes 4 Rent from $42.00 to $41.00 and set an "in-line" rating on the stock in a research report on Wednesday. UBS Group lifted their price target on American Homes 4 Rent from $37.00 to $40.00 and gave the stock a "neutral" rating in a research note on Friday, August 16th. Royal Bank of Canada raised their price objective on American Homes 4 Rent from $41.00 to $42.00 and gave the company an "outperform" rating in a report on Monday, August 5th. Finally, StockNews.com lowered American Homes 4 Rent from a "hold" rating to a "sell" rating in a research note on Thursday, October 24th. One 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 data from MarketBeat.com, American Homes 4 Rent has a consensus rating of "Moderate Buy" and an average price target of $41.60.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.