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

American Homes 4 Rent (NYSE:AMH) updated its FY 2024 earnings guidance on Friday. 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 Stock Performance

NYSE:AMH traded up $0.31 during mid-day trading on Monday, reaching $36.07. 3,949,176 shares of the stock were exchanged, compared to its average volume of 3,327,701. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 0.58. American Homes 4 Rent has a 1 year low of $31.36 and a 1 year high of $37.97. The company has a 50 day simple moving average of $36.11 and a 200-day simple moving average of $35.52. The stock has a market capitalization of $13.21 billion, a P/E ratio of 36.81, a P/E/G ratio of 2.75 and a beta of 0.70.

American Homes 4 Rent (NYSE:AMH) last announced its earnings results 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 net margin of 22.55% and a return on equity of 5.00%. The business’s revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.41 earnings per share. Analysts anticipate that American Homes 4 Rent will post 1.73 earnings per share for the current fiscal year.

American Homes 4 Rent Increases Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Citigroup upgraded American Homes 4 Rent from a neutral rating to a buy rating and upped their price target for the stock from $37.00 to $41.00 in a research note on Friday, March 22nd. StockNews.com downgraded shares of American Homes 4 Rent from a hold rating to a sell rating in a research report on Wednesday, March 20th. Mizuho boosted their target price 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. Deutsche Bank Aktiengesellschaft assumed coverage on American Homes 4 Rent in a report on Tuesday, January 30th. They issued a buy rating and a $40.00 price target for the company. Finally, BNP Paribas assumed coverage on 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. One analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus target price of $39.67.

Insider Buying and Selling

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