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

American Homes 4 Rent (NYSE:AMH) updated its FY 2024 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 1.760-1.780 for the period, compared to the consensus estimate of 1.760. The company issued revenue guidance of -.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on AMH. The Goldman Sachs Group began coverage on shares of American Homes 4 Rent in a research note on Wednesday, September 4th. They set a “buy” rating and a $48.00 target price for the company. Evercore ISI lowered their target price on shares of American Homes 4 Rent from $42.00 to $41.00 and set an “in-line” rating for the company in a research note on Wednesday. Wells Fargo & Company raised shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $36.00 to $42.00 in a research note on Monday, August 26th. Royal Bank of Canada upped their price objective on shares of American Homes 4 Rent from $41.00 to $42.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Finally, Scotiabank reiterated an “outperform” rating and set a $42.00 price objective on shares of American Homes 4 Rent in a report on Wednesday, August 21st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.60.

American Homes 4 Rent Trading Down 4.0 %

Shares of AMH stock traded down $1.45 on Thursday, reaching $35.25. 4,026,532 shares of the company’s stock were exchanged, compared to its average volume of 2,572,530. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.65. The company’s fifty day simple moving average is $38.81 and its 200 day simple moving average is $37.28. The stock has a market capitalization of $12.91 billion, a PE ratio of 35.97, a P/E/G ratio of 3.10 and a beta of 0.76. American Homes 4 Rent has a 52 week low of $32.08 and a 52 week high of $41.41.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.20 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.23). The company had revenue of $445.06 million during the quarter, compared to the consensus estimate of $443.81 million. American Homes 4 Rent had a return on equity of 4.89% and a net margin of 21.83%. The company’s revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.41 earnings per share. As a group, analysts forecast that American Homes 4 Rent will post 1.76 EPS for the current year.

American Homes 4 Rent Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were paid a $0.26 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.95%. American Homes 4 Rent’s payout ratio is 106.12%.

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.