Zacks: Analysts Expect American Homes 4 Rent (NYSE:AMH) Will Post Quarterly Sales of $357.22 Million

Wall Street analysts expect that American Homes 4 Rent (NYSE:AMHGet Rating) will report $357.22 million in sales for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for American Homes 4 Rent’s earnings, with estimates ranging from $345.87 million to $365.90 million. American Homes 4 Rent posted sales of $313.65 million in the same quarter last year, which would indicate a positive year over year growth rate of 13.9%. The company is scheduled to announce its next earnings report on Monday, January 1st.

On average, analysts expect that American Homes 4 Rent will report full-year sales of $1.46 billion for the current year, with estimates ranging from $1.39 billion to $1.51 billion. For the next year, analysts forecast that the business will post sales of $1.64 billion, with estimates ranging from $1.48 billion to $1.73 billion. Zacks’ sales calculations are an average based on a survey of analysts that cover American Homes 4 Rent.

American Homes 4 Rent (NYSE:AMHGet Rating) last announced its earnings results on Thursday, May 5th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.05. The company had revenue of $356.11 million during the quarter, compared to analysts’ expectations of $355.76 million. American Homes 4 Rent had a net margin of 13.74% and a return on equity of 3.05%. American Homes 4 Rent’s quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.32 earnings per share.

A number of research firms recently commented on AMH. BMO Capital Markets began coverage on American Homes 4 Rent in a research note on Thursday, April 14th. They issued an “outperform” rating and a $46.00 price target for the company. Zacks Investment Research downgraded American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Wednesday. Mizuho boosted their price target on American Homes 4 Rent from $42.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, January 25th. JPMorgan Chase & Co. lowered their target price on American Homes 4 Rent from $46.00 to $44.00 and set an “overweight” rating for the company in a research note on Tuesday, March 22nd. Finally, KeyCorp began coverage on American Homes 4 Rent in a research note on Tuesday, February 1st. They set a “sector weight” rating for the company. One analyst has rated the stock with a sell rating, eight have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, American Homes 4 Rent presently has an average rating of “Buy” and an average price target of $45.06.

In other news, Director Douglas N. Benham bought 1,275 shares of the firm’s stock in a transaction on Tuesday, March 15th. The stock was acquired at an average price of $25.41 per share, with a total value of $32,397.75. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 6.03% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. UMB Bank N A MO bought a new stake in shares of American Homes 4 Rent during the 1st quarter worth $27,000. Evoke Wealth LLC increased its holdings in American Homes 4 Rent by 254.5% in the 3rd quarter. Evoke Wealth LLC now owns 741 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 532 shares during the last quarter. First Horizon Advisors Inc. grew its holdings in American Homes 4 Rent by 292.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 757 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 564 shares in the last quarter. Charter Oak Capital Management LLC purchased a new position in American Homes 4 Rent during the 4th quarter valued at about $35,000. Finally, Allworth Financial LP purchased a new position in American Homes 4 Rent during the 1st quarter valued at about $32,000. 88.49% of the stock is owned by institutional investors and hedge funds.

AMH stock opened at $37.50 on Friday. The company has a market cap of $13.06 billion, a PE ratio of 79.79, a price-to-earnings-growth ratio of 3.06 and a beta of 0.58. The business has a 50-day simple moving average of $39.62 and a 200 day simple moving average of $40.08. American Homes 4 Rent has a 52 week low of $34.79 and a 52 week high of $44.07. The company has a quick ratio of 0.68, a current ratio of 0.64 and a debt-to-equity ratio of 0.55.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date is Tuesday, June 14th. American Homes 4 Rent’s dividend payout ratio is presently 153.19%.

About American Homes 4 Rent (Get Rating)

American Homes 4 Rent (NYSE: AMH) is a leader in the single-family home rental industry and "American Homes 4 Rent" is fast becoming a nationally recognized brand for rental homes, known for high-quality, good value and tenant satisfaction. We are an internally managed Maryland real estate investment trust, or REIT, focused on acquiring, developing, renovating, leasing, and operating attractive, single-family homes as rental properties.

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