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

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AMH. StockNews.com lowered American Homes 4 Rent from a hold rating to a sell rating in a research note on Wednesday, March 20th. BNP Paribas assumed coverage on American Homes 4 Rent in a research note on Monday, January 22nd. They issued an outperform rating and a $42.00 price target on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on American Homes 4 Rent in a research report on Tuesday, January 30th. They set a buy rating and a $40.00 price objective on the stock. Raymond James boosted their price objective 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. Finally, Citigroup upgraded American Homes 4 Rent from a neutral rating to a buy rating and boosted their price objective 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 assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and an average price target of $39.67.

American Homes 4 Rent Stock Up 0.9 %

AMH stock traded up $0.31 during 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 firm’s 50 day moving average is $36.11 and its 200 day moving average is $35.52. American Homes 4 Rent has a twelve month low of $31.36 and a twelve month 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. The firm has a market cap of $13.21 billion, a P/E ratio of 36.81, a price-to-earnings-growth ratio of 2.75 and a beta of 0.70.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings data on Friday, May 3rd. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.13). The company 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 business’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period last year, the company earned $0.41 earnings per share. As a group, 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. Stockholders of record on Friday, March 15th were paid a $0.26 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This is an increase from American Homes 4 Rent’s previous quarterly dividend of $0.22. This represents a $1.04 annualized dividend and a dividend yield of 2.88%. American Homes 4 Rent’s dividend payout ratio is 106.12%.

Insider Activity at American Homes 4 Rent

In related news, CAO Brian Reitz sold 3,000 shares of the stock in a transaction that occurred 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 sale, 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CAO Brian Reitz sold 3,000 shares of the stock in a transaction that occurred 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 sale, 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Bryan Smith sold 50,000 shares of the firm’s stock in a transaction on 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 completion of the sale, the chief operating officer now directly owns 125,580 shares of the company’s stock, valued at $4,617,576.60. The disclosure for this sale can be found here. Over the last three months, 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.