American Homes 4 Rent (NYSE:AMH) Issues Quarterly Earnings Results, Beats Estimates By $0.32 EPS

American Homes 4 Rent (NYSE:AMH) issued its quarterly earnings data on Wednesday. The real estate investment trust reported $0.50 EPS for the quarter, beating the consensus estimate of $0.18 by $0.32, Zacks reports. The business had revenue of $498.07 million during the quarter, compared to the consensus estimate of $488.73 million. American Homes 4 Rent had a net margin of 25.53% and a return on equity of 6.25%. The firm’s revenue was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.47 EPS.

American Homes 4 Rent Stock Performance

NYSE AMH opened at $32.63 on Thursday. The company has a market capitalization of $11.77 billion, a price-to-earnings ratio of 25.90, a PEG ratio of 4.81 and a beta of 0.76. American Homes 4 Rent has a twelve month low of $27.22 and a twelve month high of $35.07. The stock has a fifty day simple moving average of $31.51 and a 200 day simple moving average of $31.62. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.69.

American Homes 4 Rent Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date was Tuesday, September 15th. American Homes 4 Rent’s dividend payout ratio is presently 104.76%.

Insider Transactions at American Homes 4 Rent

In related news, Director Jack Corrigan bought 8,000 shares of the business’s stock in a transaction on Friday, September 11th. The shares were purchased at an average cost of $21.49 per share, with a total value of $171,920.00. Following the acquisition, the director owned 25,000 shares of the company’s stock, valued at $537,250. This represents a 47.06% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders acquired 15,000 shares of company stock worth $328,040. 5.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

AMH has been the topic of several recent research reports. Scotiabank cut their price objective on American Homes 4 Rent from $33.00 to $31.00 and set a “sector perform” rating on the stock in a report on Thursday, September 17th. Morgan Stanley lowered their target price on American Homes 4 Rent from $38.50 to $38.00 and set an “overweight” rating for the company in a report on Wednesday, August 12th. UBS Group lowered their target price on American Homes 4 Rent from $35.00 to $32.00 and set a “neutral” rating for the company in a report on Monday, October 12th. Keefe, Bruyette & Woods increased their target price on American Homes 4 Rent from $36.00 to $38.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. Finally, Mizuho raised American Homes 4 Rent from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $35.00 to $36.00 in a research note on Monday, September 21st. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $35.94.

American Homes 4 Rent Company Profile

American Homes 4 Rent (NYSE:AMH) is a real estate investment trust that owns, operates and develops single-family rental homes in the United States. The company provides professionally managed rental housing to individuals and families, with properties generally located in suburban communities and designed for long-term occupancy.

The company’s activities include acquiring, constructing, renovating, leasing and maintaining single-family homes. Its portfolio includes detached houses with features such as private yards, garages and modern appliances.