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

American Homes 4 Rent (NYSE:AMH) issued an update on its FY 2024 earnings guidance on Friday morning. 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 -.

American Homes 4 Rent Stock Performance

American Homes 4 Rent stock traded up $0.31 during midday trading on Monday, hitting $36.07. The stock had a trading volume of 3,949,176 shares, compared to its average volume of 3,327,701. The firm’s fifty day moving average is $36.11 and its two-hundred day moving average is $35.52. The company has a market capitalization of $13.21 billion, a PE ratio of 36.81, a P/E/G ratio of 2.75 and a beta of 0.70. American Homes 4 Rent has a 52-week low of $31.36 and a 52-week high of $37.97. 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 (NYSE:AMH) last released its earnings results on Friday, May 3rd. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.13). The firm had revenue of $423.56 million during the quarter, compared to analysts’ expectations of $421.28 million. American Homes 4 Rent had a return on equity of 5.00% and a net margin of 22.55%. The company’s revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.41 earnings per share. On average, research analysts forecast that American Homes 4 Rent will post 1.73 EPS for the current year.

American Homes 4 Rent Increases Dividend

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

Wall Street Analysts Forecast Growth

AMH has been the subject of a number of analyst reports. StockNews.com downgraded American Homes 4 Rent from a hold rating to a sell rating in a research report on Wednesday, March 20th. Raymond James raised their price target on American Homes 4 Rent from $40.00 to $41.00 and gave the stock an outperform rating in a research report on Thursday, March 28th. Deutsche Bank Aktiengesellschaft started coverage on American Homes 4 Rent in a research report on Tuesday, January 30th. They set a buy rating and a $40.00 target price for the company. Mizuho lifted 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. Finally, Citigroup upgraded American Homes 4 Rent from a neutral rating to a buy rating and lifted their target price for the stock from $37.00 to $41.00 in a research report on Friday, March 22nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat, American Homes 4 Rent presently has an average rating of Moderate Buy and an average target price of $39.67.

Insider Buying and Selling at American Homes 4 Rent

In other American Homes 4 Rent news, COO Bryan Smith sold 50,000 shares of American Homes 4 Rent stock in a transaction dated 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 transaction, the chief operating officer now owns 125,580 shares in the company, valued at $4,617,576.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CAO Brian Reitz sold 3,000 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $35.53, for a total transaction of $106,590.00. Following the sale, the chief accounting officer now owns 35,343 shares in the company, valued at $1,255,736.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Bryan Smith sold 50,000 shares of the business’s stock in a transaction dated 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 owns 125,580 shares in the company, valued at approximately $4,617,576.60. The disclosure for this sale can be found here. Insiders have sold 60,263 shares of company stock worth $2,212,078 over the last quarter. Insiders own 6.05% of the company’s stock.

American Homes 4 Rent Company Profile

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.