American Homes 4 Rent (NYSE:AMH) Issues Earnings Results

American Homes 4 Rent (NYSE:AMH - Get Free Report) released its quarterly earnings data on Tuesday. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.23), Yahoo Finance reports. The company had revenue of $445.06 million during 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 company's revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.41 earnings per share. American Homes 4 Rent updated its FY 2024 guidance to 1.760-1.780 EPS.

American Homes 4 Rent Trading Down 2.9 %

AMH stock traded down $1.08 during midday trading on Wednesday, reaching $36.72. The company's stock had a trading volume of 4,774,387 shares, compared to its average volume of 2,565,606. The business's 50-day simple moving average is $38.84 and its 200-day simple moving average is $37.28. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.65. American Homes 4 Rent has a 52 week low of $32.08 and a 52 week high of $41.41. The stock has a market cap of $13.45 billion, a PE ratio of 37.47, a price-to-earnings-growth ratio of 3.10 and a beta of 0.76.

American Homes 4 Rent Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date of this dividend was Friday, September 13th. American Homes 4 Rent's dividend payout ratio (DPR) is 106.12%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Royal Bank of Canada increased their price objective on American Homes 4 Rent from $41.00 to $42.00 and gave the stock an "outperform" rating in a research note on Monday, August 5th. Evercore ISI reduced their price target on shares of 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 raised their price objective on shares of American Homes 4 Rent from $37.00 to $40.00 and gave the stock a "neutral" rating in a report on Friday, August 16th. Scotiabank reissued an "outperform" rating and issued a $42.00 target price on shares of American Homes 4 Rent in a report on Wednesday, August 21st. Finally, Mizuho raised their price target on American Homes 4 Rent from $39.00 to $40.00 and gave the company an "outperform" rating in a report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $41.60.

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.