American Homes 4 Rent (NYSE:AMH) Updates FY 2024 Earnings Guidance

American Homes 4 Rent (NYSE:AMH) issued an update on its FY 2024 earnings guidance on Friday morning. The company provided earnings per share guidance of 1.700-1.760 for the period, compared to the consensus earnings per share estimate of 1.740. The company issued revenue guidance of -.

American Homes 4 Rent Trading Up 0.9 %

NYSE AMH traded up $0.31 on Monday, hitting $36.07. 3,949,176 shares of the stock were exchanged, compared to its average volume of 3,327,701. American Homes 4 Rent has a 52-week low of $31.36 and a 52-week high of $37.97. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.59 and a quick ratio of 0.46. The company has a market capitalization of $13.21 billion, a price-to-earnings ratio of 36.81, a P/E/G ratio of 2.75 and a beta of 0.70. The company’s 50-day moving average price is $36.11 and its two-hundred day moving average price is $35.52.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings results on Friday, May 3rd. The real estate investment trust reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.13). American Homes 4 Rent had a return on equity of 5.00% and a net margin of 22.55%. The company had revenue of $423.56 million during the quarter, compared to analyst estimates of $421.28 million. During the same period last year, the company posted $0.41 earnings per share. The company’s revenue was up 6.5% compared to the same quarter last year. Research analysts predict that American Homes 4 Rent will post 1.73 EPS for the current year.

American Homes 4 Rent Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 2.88%. This is an increase from American Homes 4 Rent’s previous quarterly dividend of $0.22. The ex-dividend date was Thursday, March 14th. American Homes 4 Rent’s dividend payout ratio is presently 106.12%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Raymond James boosted their price target on American Homes 4 Rent from $40.00 to $41.00 and gave the stock an outperform rating in a research report on Thursday, March 28th. Mizuho boosted their price target on American Homes 4 Rent from $37.00 to $39.00 and gave the stock a buy rating in a research report on Wednesday, March 20th. Citigroup raised American Homes 4 Rent from a neutral rating to a buy rating and boosted their price target for the stock from $37.00 to $41.00 in a research report on Friday, March 22nd. Deutsche Bank Aktiengesellschaft assumed coverage on American Homes 4 Rent in a research note on Tuesday, January 30th. They issued a buy rating and a $40.00 price objective on the stock. Finally, StockNews.com lowered American Homes 4 Rent from a hold rating to a sell rating in a research note on Wednesday, March 20th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, American Homes 4 Rent has an average rating of Moderate Buy and an average target price of $39.67.

Insiders Place Their Bets

In other American Homes 4 Rent news, Director Matthew J. Hart sold 7,263 shares of the company’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $36.76, for a total transaction of $266,987.88. Following the completion of the sale, the director now owns 41,336 shares in the company, valued at approximately $1,519,511.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Matthew J. Hart sold 7,263 shares of the company’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $36.76, for a total value of $266,987.88. Following the completion of the sale, the director now owns 41,336 shares in the company, valued at approximately $1,519,511.36. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Brian Reitz sold 3,000 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $35.53, for a total value of $106,590.00. Following the transaction, the chief accounting officer now owns 35,343 shares of the company’s stock, valued at approximately $1,255,736.79. The disclosure for this sale can be found here. In the last quarter, insiders have sold 60,263 shares of company stock valued at $2,212,078. 6.05% of the stock is currently owned by corporate insiders.

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.