Wall Street analysts expect American Homes 4 Rent (NYSE:AMH – Get Rating) to announce earnings per share (EPS) of $0.38 for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for American Homes 4 Rent’s earnings, with the lowest EPS estimate coming in at $0.38 and the highest estimate coming in at $0.39. American Homes 4 Rent reported earnings per share of $0.33 during the same quarter last year, which suggests a positive year-over-year growth rate of 15.2%. The business is expected to issue its next quarterly earnings results on Monday, January 1st.
According to Zacks, analysts expect that American Homes 4 Rent will report full-year earnings of $1.55 per share for the current fiscal year, with EPS estimates ranging from $1.52 to $1.58. For the next fiscal year, analysts forecast that the firm will report earnings of $1.72 per share, with EPS estimates ranging from $1.65 to $1.80. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow American Homes 4 Rent.
American Homes 4 Rent (NYSE:AMH – Get Rating) last released its quarterly earnings results on Thursday, May 5th. The real estate investment trust reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.05. The company had revenue of $356.11 million for the quarter, compared to analyst estimates of $355.76 million. American Homes 4 Rent had a return on equity of 3.05% and a net margin of 13.74%. American Homes 4 Rent’s revenue was up 13.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.32 earnings per share.
Shares of AMH stock opened at $37.50 on Friday. American Homes 4 Rent has a 12 month low of $34.79 and a 12 month high of $44.07. The company’s fifty day simple moving average is $39.62 and its 200-day simple moving average is $40.08. The firm has a market cap of $13.06 billion, a PE ratio of 79.79, a P/E/G ratio of 3.23 and a beta of 0.58. 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 business also recently declared a quarterly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Wednesday, June 15th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, June 14th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.92%. American Homes 4 Rent’s payout ratio is currently 153.19%.
In related news, Director Douglas N. Benham purchased 1,275 shares of American Homes 4 Rent stock in a transaction dated Tuesday, March 15th. The shares were bought at an average cost of $25.41 per share, for a total transaction of $32,397.75. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 6.03% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Magnetar Financial LLC acquired a new stake in American Homes 4 Rent in the third quarter valued at $2,667,000. Gyon Technologies Capital Management LP acquired a new stake in American Homes 4 Rent during the 3rd quarter worth about $294,000. Atria Investments LLC grew its holdings in American Homes 4 Rent by 32.4% during the 3rd quarter. Atria Investments LLC now owns 36,511 shares of the real estate investment trust’s stock worth $1,392,000 after acquiring an additional 8,927 shares during the period. Raymond James Financial Services Advisors Inc. grew its holdings in American Homes 4 Rent by 14.9% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 65,728 shares of the real estate investment trust’s stock worth $2,866,000 after acquiring an additional 8,515 shares during the period. Finally, M&T Bank Corp grew its holdings in American Homes 4 Rent by 15.5% during the 4th quarter. M&T Bank Corp now owns 29,114 shares of the real estate investment trust’s stock worth $1,269,000 after acquiring an additional 3,916 shares during the period. Institutional investors and hedge funds own 88.49% of the company’s stock.
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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