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

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

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. StockNews.com lowered shares of American Homes 4 Rent from a hold rating to a sell rating in a report on Wednesday, March 20th. Mizuho increased their price objective on shares of American Homes 4 Rent from $37.00 to $39.00 and gave the stock a buy rating in a report on Wednesday, March 20th. BNP Paribas assumed coverage on shares of American Homes 4 Rent in a report on Monday, January 22nd. They set an outperform rating and a $42.00 price objective on the stock. Raymond James increased their price objective on shares of American Homes 4 Rent from $40.00 to $41.00 and gave the stock an outperform rating in a report on Thursday, March 28th. Finally, Royal Bank of Canada restated an outperform rating and issued a $39.00 price target on shares of American Homes 4 Rent in a report on Monday, February 26th. One research analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, American Homes 4 Rent has an average rating of Moderate Buy and an average target price of $39.67.

American Homes 4 Rent Stock Performance

American Homes 4 Rent stock traded up $0.31 during mid-day trading on Monday, reaching $36.07. The company’s stock had a trading volume of 3,949,176 shares, compared to its average volume of 3,327,701. The firm has a market cap of $13.21 billion, a price-to-earnings ratio of 36.81, a PEG ratio of 2.75 and a beta of 0.70. The business has a 50 day moving average price of $36.11 and a 200-day moving average price of $35.52. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 0.58. American Homes 4 Rent has a twelve month low of $31.36 and a twelve month high of $37.97.

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

American Homes 4 Rent Increases Dividend

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

Insider Buying and Selling at American Homes 4 Rent

In other American Homes 4 Rent news, COO Bryan Smith sold 50,000 shares of the firm’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $36.77, for a total value of $1,838,500.00. Following the sale, the chief operating officer now directly owns 125,580 shares in the company, valued at $4,617,576.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, COO Bryan Smith sold 50,000 shares of American Homes 4 Rent stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $36.77, for a total transaction of $1,838,500.00. Following the sale, the chief operating officer now directly owns 125,580 shares in the company, valued at $4,617,576.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Matthew J. Hart sold 7,263 shares of American Homes 4 Rent stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $36.76, for a total transaction of $266,987.88. Following the sale, the director now owns 41,336 shares in the company, valued at $1,519,511.36. The disclosure for this sale can be found here. Over the last three months, insiders have sold 60,263 shares of company stock worth $2,212,078. 6.05% of the stock is owned by insiders.

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.