American Homes 4 Rent (NYSE:AMH) to Issue Quarterly Dividend of $0.26

American Homes 4 Rent (NYSE:AMH) declared a quarterly dividend on Thursday, August 22nd, Wall Street Journal reports. Stockholders of record on Friday, September 13th will be given a dividend of 0.26 per share by the real estate investment trust on Monday, September 30th. This represents a $1.04 annualized dividend and a dividend yield of 2.70%. The ex-dividend date is Friday, September 13th.

American Homes 4 Rent has raised its dividend by an average of 63.9% annually over the last three years. American Homes 4 Rent has a dividend payout ratio of 148.6% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect American Homes 4 Rent to earn $1.84 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 56.5%.

American Homes 4 Rent Stock Up 0.6 %

Shares of AMH traded up $0.22 during trading hours on Friday, hitting $38.57. The company had a trading volume of 1,949,138 shares, compared to its average volume of 2,710,433. The company has a market capitalization of $14.13 billion, a PE ratio of 39.36, a price-to-earnings-growth ratio of 3.10 and a beta of 0.74. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.58. American Homes 4 Rent has a one year low of $31.36 and a one year high of $38.91. The company’s fifty day moving average price is $36.99 and its two-hundred day moving average price is $36.25.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.25 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.18). American Homes 4 Rent had a return on equity of 4.91% and a net margin of 21.83%. The company had revenue of $423.50 million during the quarter, compared to the consensus estimate of $422.46 million. During the same period in the previous year, the firm posted $0.41 earnings per share. The company’s revenue was up 7.1% on a year-over-year basis. As a group, equities analysts forecast that American Homes 4 Rent will post 1.74 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently weighed in on AMH. Evercore ISI boosted their target price on American Homes 4 Rent from $38.00 to $39.00 and gave the stock an “in-line” rating in a research note on Tuesday, July 9th. StockNews.com upgraded American Homes 4 Rent from a “sell” rating to a “hold” rating in a research note on Saturday, August 10th. Barclays dropped their price target on American Homes 4 Rent from $43.00 to $42.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 29th. Royal Bank of Canada boosted their price target on American Homes 4 Rent from $41.00 to $42.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Finally, JPMorgan Chase & Co. boosted their price target on American Homes 4 Rent from $37.00 to $38.00 and gave the company a “neutral” rating in a research note on Monday, June 17th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $40.21.

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.